Wells Fargo Reports More Problem Accounts
The bank says it may have created up to 3.5 million accounts without customers’ authorization, well in excess of its previous 2.1 million estimate.
UK Watchdog Fines PwC $6.6M Over Audit
The record fine punishes PwC for "extensive" misconduct in its audit of professional services firm RSM Tenon.
New Lease Accounting Rules Pose Challenges, Study Says
The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done.
Technology Will Force Tax Managers to Up Their Game
As automation inevitably takes over technical tax work, tax professionals will be challenged to develop new skills in order to provide business value.
Toshiba Issues ‘Going Concern’ Warning
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
PwC Settles $3B Suit Over MF Global Collapse
The firm was accused of "extraordinary" negligence in approving the accounting treatment for MF Global's investments in European soveriegn debt.
Internal Audit Losing Prestige, Survey Finds
Most internal auditors are slow to help employers prepare for major corporate “disruptions” like big regulatory changes and cyber attacks.
Cash-Flow Forecasting Still Vexing
Why is cash-flow forecasting still so frustrating for treasury departments?
Artificial Intelligence Comes to Financial Statement Audits
Only human beings, such as the auditor, can tell the true story behind the data.
How CFOs Can Budget to Boost Cybersecurity
Cybersecurity is no longer seen as a technology risk but rather as a business-critical financial risk.
GE Transfers Bulk of Tax Team to PwC
In exchange, GE will get to shed salaries while still benefiting from the expertise of a team it apparently continues to value highly.