Audit disclosures, the labor-market index, filing for chapter 11 and much more in today’s roundup…
Big Firms Expanding Voluntary Audit Disclosures
More companies are disclosing how they oversee external auditors and the audit committee’s involvement in the auditor selection process.
Labor-Market Index Suggests Continued Growth
The Conference Board said Tuesday its employment trends index increased to 128.82 last month from 127.64 in July.
Quiksilver Wipes Out With Chapter 11 Filing
The cash-strapped surfwear retailer plans to emerge from bankruptcy under the control of Oaktree Capital Management.
Accounting Rife with Estimates Haunted Toshiba
The Japanese conglomerate’s woes may have much to do with percentage-of-completion accounting.
IRS Puts Cloud Over Yahoo’s Alibaba Spinoff
The company may have to choose between scrapping the spinoff or risking a huge capital gains tax bill.
Ex-Kit Digital CFO Accused of Accounting Fraud
Robin Smyth and the firm’s former CEO allegedly created a slush fund to make it appear Kit Digital was being paid for sales.
BDO to Pay $2.1Million Over Deficient Audits
The SEC alleges the big accounting firm ignored red flags in signing off on the financial statements of an employment staffing company.
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