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Tag: accounting

FINE Blocks logo with Deloitte partnership

Audit Failures Lead to SEC Action Against Deloitte-China

FINE Blocks logo with Deloitte partnership

Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, accor...

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FASB Members Shaking Hands

Financial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures

FASB Members Shaking Hands

In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to  develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...

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Traditional computing via abacus meets corporate accountability

U.S. and China Finally Have an Audit Agreement, or Do They?

Traditional computing via abacus meets corporate accountability

If you’re confused about where things stand in the squabble between U.S. regulators and Chinese authorities over auditing standards, you’re probably not alone. About a year ago, Securities and Exchange Commission Chair Gary Gensler sounded...

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People celebrating with hands raised

Sarbanes-Oxley Turns 20

People celebrating with hands raised

Audiences were packing multiplexes across the country to see “Spider-Man” – the Tobey Maguire one, not Tom Holland’s subsequent version. Temperatures were rising outside and in the dance clubs, courtesy of rapper Nelly and his chart-topping...

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FASB: A New Hope for Raising Corporate Taxes

FASB: A New Hope for Raising Corporate Taxes

FASB: A New Hope for Raising Corporate Taxes

It makes for a splashy headline every year after watchdog groups get a chance to comb through corporate financial statements: “[INSERT NAMES OF BIG CORPORATIONS] Paid No Taxes in [INSERT LAST YEAR].” For example, the Institute on Taxation a...

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