Latest Accounting and auditing services News

Trump asks justices for temporary block of House subpoena

Nov. 15, 2019 3:09 PM EST

WASHINGTON (AP) — President Donald Trump wants the Supreme Court to keep House Democrats from getting his financial records at least until the justices resolve a broader fight over efforts to subpoena a sitting president’s records. Trump filed an emergency appeal with the court Friday in a case from...

Ailing ex-telecom executive Ebbers seeks release from prison

Nov. 15, 2019 1:55 PM EST

JACKSON, Miss. (AP) — A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history is asking a judge to shorten his prison sentence so he can be released as his health deteriorates. Bernard Ebbers led WorldCom, once one of the world’s largest...

Trump wants Supreme Court to block subpoena for his taxes

Nov. 14, 2019 5:46 PM EST

WASHINGTON (AP) — President Donald Trump is asking the Supreme Court to block a subpoena for his tax returns, in a test of the president’s ability to defy investigations. The filing Thursday sets the stage for a high court showdown over the tax returns Trump has refused to release, unlike every...

NASA warned of safety risks in delayed private crew launches

Nov. 14, 2019 5:33 PM EST

CAPE CANAVERAL, Fla. (AP) — NASA auditors warned Thursday the space agency faces “significant safety and technical challenges” that need to be solved before astronauts fly in private capsules. In its report, NASA’s inspector general office noted Boeing and SpaceX are several years late...

Court rejects Trump’s appeal in fight over financial records

Nov. 13, 2019 9:41 PM EST

WASHINGTON (AP) — A federal appeals court will not take up President Donald Trump’s appeal of a ruling that his accounting firm must turn over financial records to Congress. The order was handed down Wednesday by the U.S. Court of Appeals for the District of Columbia Circuit. It is almost certain...

Markets Right Now: Dow hits record as stocks extend a rally

Nov. 4, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average closed at its first record high since the summer as the stock market's rally carried into a fifth week. Energy and technology companies did the most to pull the market higher Monday....

Under Armour's strong numbers drowned out by investigation

Nov. 4, 2019 1:02 PM EST

BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would reveal...

Illinois marijuana law aims to undo harm of war on the drug

Nov. 2, 2019 12:20 PM EDT

SPRINGFIELD, Ill. (AP) — When lawmakers crafted the law legalizing marijuana in Illinois, they tried to make sure it would right what many see as past wrongs linked to the drug. In addition to expunging hundreds of thousands of criminal records for marijuana arrests and convictions, the law's architects...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...

Year-end staff vacation crunch? Tips for business owners

Oct. 30, 2019 10:20 AM EDT

NEW YORK (AP) — One of the biggest juggling acts small companies face is a surge in business during the holiday season just when there's an increase in staffers' vacation requests. It's a problem companies can contend with even if they're not the retailers, restaurants and caterers that make a significant...