Seaboard Reports Consolidation Error
The company, the namesake of the SEC's policy offering leniency for corporate cooperation, reports an accounting error.
GM and Deloitte Settle $303 Million Suit
The carmaker and its auditor tentatively agree to settle a class-action lawsuit alleging that GM covered up earnings shortfalls through accounting manipulations.
Independence Breach Costs E&Y $2.9 Million
A series of audio CDs intended to depict audit partners as "thought leaders" ends up costing the firm a hefty fine instead.
Deloitte Revenues Top $27 Billion
Firm continues its six-year trend of double-digit percentage growth, auguring well for the rest of the Big Four, which will report their results this fall.
IFRS and When
The SEC may decide soon whether and when U.S. companies will switch to international accounting standards. And it's a good thing, as panic from not knowing the date is percolating.
Accounting for the World
In an exclusive interview with CFO.com, the chairmen of the International Accounting Standards Board and its parent organization explain their "huge ambition."
A Little Fair Value Never Killed Anyone
Fair value accounting became very hard work as the credit crisis dried up once-liquid markets, SEC panelists largely agree, but it should not be blamed for causing or exacerbating corporate credit woes.
How Fair Value Rewards Deadbeats
Opponents of mark-to-market accounting complain that some companies are making silk purses out of sows’ ears.
A Fair Value Pep Rally?
Critics are conspicuously absent from this week's SEC roundtable on fair value accounting. So what is it that its participants hope to accomplish?
Taxation and Representation
The first international accounting standard to be adopted by the United States may well be the one dealing with tax. But rulemakers first will have to decide how to explain uncertainty to investors.
Caution Creeps into Cash Caches
Money markets and T-bills are the big gainers as companies seek more traditional places to stash their cash.