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KPMG Tax-Shelter Case Is Mixed Win for U.S.
Some key acquittals in the long, circuitous prosecution could encourage an enforcement shift for both personal and corporate tax shelters. December 18, 2008
Merger Guide for the Perplexed
On the heels of launching its new merger rule on contingent losses, FASB slaps on a "Band-Aid" that raises questions with lawyers. December 17, 2008
New Siemens Fines Bring the Total to $1.6B
Latest $800m, the largest amount collected under the U.S. foreign corruption law, ends the U.S. investigation into the company's alleged bribe-for-business activities. December 15, 2008
Swaps: It's Bailout or Bankruptcy for Carmakers
New price data on credit-default swaps written against Ford and GM point to a government rescue or bankruptcy, with no middle road. December 5, 2008
Subprime Suspects
Just about everyone, it seems, is being held to blame for the financial meltdown. But what role auditors played, if any, is far from clear. December 1, 2008
Trials and Tabulations
Want to advocate for lower legal fees? A number of new options deserve a hearing. December 1, 2008
Beyond the Bailout
Are limits on executive compensation for banks that accept federal funds just the first wave in a future sea of pay measures? December 1, 2008
Which Changes Will Business Believe In?
With Democrats in charge of both the White House and Congress, CFOs worry about the impact on taxes, labor, and health care. December 1, 2008
Why Gannett's Tax Appeal Was Shot Down
Gannett met the definition of a unitary business, so now it will be paying taxes in Maine for the sell-off of its $2.7 billion Midwest cable business. November 21, 2008
IFRS Requires a Soft Touch
If American companies plan on moving to IFRS, their financial statement preparers will require less technical training and more instruction on "soft skills." November 17, 2008