Accounting News




Perrigo Reaches Agreement With Auditor Over Royalty Accounting
Perrigo Co.'s PRGO 1.13% agreement with auditor Ernst & Young over an accounting issue, announced late Tuesday, paves the way for the drugmaker to file its delayed 10K annual report and removes one problem from CEO John Hendrickson's overfull ...

Audit rips accounting in Pennsylvania jobless benefit system
Auditor General DePasquale Tuesday said an audit has found major accounting and oversight problems in the state's unemployment compensation system. While acknowledging improvements were made, DePasquale slammed Labor & Industry's ...

Elon accounting program ranked among nation's best
Elon University's accounting program is 19th in the nation in a ranking by Accounting.com, an online resource for accounting students and professionals. The program is part of the Martha and Spencer Love School of Business. Only two other North ...

How Donald Trump Could Ensure the Latest Yuge Accounting Scandal Is the Last One
Subsequent work by accounting, criminology and legal scholars has shown that behind most accounting scandals is not so much criminal intent as good people who get lured into wrongdoing by moral laxity and errors in judgment influenced by financial ...

Accounting Adjustments Make Alphabet's Valuation Below Market And Too Pessimistic
However, after making the appropriate adjustments under Uniform Accounting Financial Reporting Standards (UAFRS), it is apparent that profitability has actually been much stronger than as-reported metrics suggest, and still growing materially, which ...

IFRS Foundation plans for 2017 and beyond
The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, issued its annual report for 2016 on Tuesday, with a look ahead at where global standards are ...

Donation from UT alumni to benefit accounting faculty
The Barrys, who live in Scottsdale, Ariz., donated the money to recruit or retain an accounting professor, as well as cover costs related to faculty recruitment, research projects, faculty and staff development, curriculum development, teaching ...

U.S. Rep. Roger Williams touts accounting that helps his dealerships
One of Williams' cornerstones of a tax overhaul involves keeping an accounting practice that helps out car dealers like himself — along with many other businesses, like oil companies and pharmaceuticals — and is promoted by the National Automobile ...

Auditor finds 'major' accounting, oversight problems in state's unemployment system
“There is no question that improvements to the UC system were made but, because L&I failed to use proper accounting methods to record and track SIIF funds, my team was unable to determine whether all the funds were used appropriately,” DePasquale ...

EU lawmakers to fast-track accounting rule capital relief
LONDON (Reuters) - European Union lawmakers will fast-track rules giving banks breathing space to comply with a new accounting standard that forces them to provision upfront for possible defaults on loans. The new "IFRS 9" accounting rule applies from ...

Tax Strategy: Prospects for tax reform
Following Donald Trump's election and the retention of Republican control in both houses of Congress, suddenly the prospects for tax reform in 2017 went from doubtful to fairly likely. The House tax reform blueprint from June 2016 was dusted off as a ...

Accounting-Related Class-Action Lawsuits Up 33% in 2016
What's more, the study, Accounting Class Action Filings and Statements—2016 Review and Analysis, indicates that an unprecedented number of mergers and acquisitions was behind the accounting-related cases. For the first time, many of the cases alleged ...