The pharma misstated revenue relating to its arrangement with the now-defunct specialty pharmacy Philidor...and for some reason, the market cheered. It is a reflection of just how negative sentiment ...

The Public Company Accounting Oversight Board staff released a report Monday on how during 2022 and 2023, several firms' engagement teams working on audits in the banking sector did not adequately ...

A former KY school financial investigator explains what was in FCPS' most recent annual audit.

In Jackson National Life Insurance Co. v. Dobbins, the Fifth Circuit Court of Appeals affirmed the district court’s grant of summary judgment for an insurer in an interpleader action, which resolved, ...

The house always wins - except, it seems, at the Court of Appeal. The appellant bank did not owe a duty of care to Playboy Club's casino for a negligent misstatement as to a gambler's creditworthiness ...

In Legg v. Commissioner, 145 T.C. No. 13 (Dec. 7, 2015), the Tax Court looked at whether the Internal Revenue Service followed the procedural requirements of Internal Revenue Code Section 6662(h), ...

The U.S. Supreme Court held that the 40% penalty for a gross valuation misstatement applied when the partnerships at issue had been determined to be shams that lacked economic substance, and, as a ...

The man brought in to restore credibility to the Department of Veterans Affairs had some explaining of his own to do Tuesday. Secretary Robert McDonald corrected a misstatement that he made last month ...