Libero Milone is suing the Vatican for wrongful dismissal after he said he found cardinals siphoning off funds. The Vatican has hit him with a criminal investigation of its own.
Corporate emissions reduction reporting is full of inconsistencies, and the lack of comparability of target disclosures continues to create challenges for investors, regulators and other stakeholders who need actionable information, according to a new report. The report, released Wednesday by the International Federation of Accountants, arrived in the midst of
In a case that centers on tax law, defense lawyers blame the company’s former chief financial officer. Prosecutors bring up the former president.
The trial comes after years of scrutiny of the Trump Organization and Donald J. Trump himself. It is among the largest legal challenges faced by the man and the business.
The Securities and Exchange Commission adopted rules this week requiring public companies to claw back erroneously awarded incentive-based compensation received by their current or former executives only months after issuing a set of rules on pay versus performance. The final rules on pay versus performance require an issuer to file
The Financial Accounting Standards Board issued a proposed accounting standards update Thursday to give investors more information about a joint venture’s financial statements. The proposed ASU aims to reduce the differences in how joint ventures do their financial reporting. The proposal would apply to the formation of entities that meet
Chicago-based Top 10 firm Grant Thornton found that finance leaders, who were already concerned about inflation, grew even more pessimistic about the road ahead. The study revealed that 72% of the 249 CFOs surveyed for the second-quarter edition of the poll expect interest rate hikes will lead to a recession.
As part of the AICPA Fellowship for Minority Doctoral Students, which strives to grow and diversify the educator pipeline in accounting programs, the AICPA Foundation offered 23 minority doctoral students a $12,000 fellowship. Established in 1922 to advance education and professional advancement in accounting, the AICPA Foundation has been supporting
The Massachusetts Society of CPAs announced the seven recipients of the 2022 Women to Watch Awards and will honor winners on Wednesday, October 25 at the MassCPAs’ Women’s Leadership Summit. In partnership with the Association of International CPAs Women’s Initiatives Executive Committee, a panel of judges selected seven female leaders based on their contributions
The Securities and Exchange Commission’s Investor Advisory Committee released a set of recommendations for reforming the way the Financial Accounting Standards Board operates so it can be more responsive to the needs of investors. “In recent years, investors have increasingly voiced concerns that accounting standard-setting has not kept pace with