In the rash of audit failures over the past few years, a startling trend has emerged that can seriously dilute the value and accuracy of the audit. It’s a practice that may well be at the root of ...

With the world embarked on a period of extreme uncertainty, the trust people have in the accounting profession is a huge advantage — but so is its much less heralded capacity for innovation, according ...

International Finance Reporting Standard (IFRS) comes with laudable objectives. It is a concept meant to sanitise accounting practice in order to achieve corporate goals. To ensure that companies ...

First came the questions: How could Enron Corp. get away for so long with Arthur Andersen's accounting gymnastics that ultimately led to the largest bankruptcy in U.S. history? Then came the demands: ...