The Delaware District Court affirmed the bankruptcy court’s decision that the combination of a narrow arbitration provision and the bankruptcy court’s reservation of jurisdiction warranted denial of a ...

The International Accounting Standards Board is looking for feedback on some targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on ...

Along with the anti-bribery provisions, the U.S. Foreign Corrupt Practices Act (“FCPA”) contains accounting provisions that apply to publicly traded companies. These provisions require that companies ...

Section 13(b)(2)(B) of the Securities Exchange Act of 1934 (“Exchange Act”) (“IAC Provision”) requires public companies to have “internal accounting controls” that, broadly speaking, are sufficient to ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. Typically, this is represented quarterly with each earnings report ...

The accounting reform bill that sailed through Congress this week would increase the statute of limitations for private securities fraud cases, raise the maximum criminal prison sentences for wire and ...

Bloomberg Industry Group has acquired Tax Prodigy’s software, which calculates income tax related elements of financial statements. The product will be folded into Bloomberg Tax & Accounting’s ...

Establishing a provision for obsolete inventory and creating an inventory reserve write-off account lets you write off the value of your obsolete inventory on a perpetual basis. If your business only ...

Federal Information & News Dispatch, Inc.    Compliance Date: All provisions of this regulation require compliance on the effective date, except the Reporting Entity's requirements ...