SEC chair Christopher Cox recently announced that almost one-third of the material weaknesses discovered during the initial SOX Section 404 audits of internal controls related to accounting for
One of the most hotly debated controversies involves the methods to be used in accounting for
Under this option, the taxpayer's method of accounting is unchanged, but the taxpayer agrees to pay the government a non-deductible, noncapitalizable "specified amount" that approximates the time-value-of-money benefit the taxpayer has received by using its method of accounting for
the years under consideration by Appeals or government counsel.
the public debt and the related interest cost is the responsibility of Treasury's Bureau of the Public Debt.
NYSE:LAD) today announced that its third quarter 2006 financial results, originally issued on October 31, 2006, have been revised to eliminate the cash flow hedge accounting for
interest rate swaps associated with its floor plan agreements.
standards in accounting for
Taxpayers that want to change their method of accounting for
R&E expenditures related to a particular project or projects may automatically change to or from:
97-27, which relates to the conditions and procedures for obtaining the Commissioner's consent for a change in a taxpayer's method of accounting for
federal tax purposes.
Existing assets and liabilities -- Accounting for
hedges of existing foreign-currency denominated assets and liabilities is usually straightforward.
Among the nondepository institutions, finance companies are the most commonly used, accounting for
about one in ten of all financial institutions used.
Lease accounting is completely transparent, and attempts to link accounting for
operating leases with incorrect or disreputable business practices are completely mistaken," says Michael Fleming, ELA president.
The Interstate Commerce Commission (created in 1887) seeks to set up a uniform system of accounting for