Companies, auditors, and valuation specialists will have to work hard to determine fair values for thinly traded, hard-to-value crypto assets once long-awaited new accounting rules go live, a Financial Accounting Standards Board member said Friday.
Appliance and furniture retailer Polished.com Inc. had poor internal financial controls that weren’t disclosed in SEC filings and public statements, an investor says in a suit against current and former executives and directors.
Gautam Adani had appeared to weather the biggest broadside yet to his sprawling empire, heading into a holiday in India as the world’s fourth-richest person and dismissing a short-seller report as “stale” and “baseless.”
Bed Bath & Beyond Inc. edged closer to a bankruptcy filing on Thursday after the retailer said it had received a default notice from JPMorgan Chase & Co., its loan agent, and warned it didn’t have enough funds to make payments.
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on enrolled agent Morris Armstrong, who owns and runs a tax firm in Cheshire, Conn.