Accounting

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

The IRS Advisory Council's annual report covered 37 different areas of concern and recommendations.

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

What would happen if CPAs offered clients a list of suggested services for a fixed fee?

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.