The US financial watchdog, the SEC, is understood to believe that Xerox broke accounting rules for accounting for equipment leases, the FT reported today.In a regulatory filing the company said it thought its results were in line with accounting principles.
The SEC’s office of chief accountant is understood to have told the company that its ‘methodology for accounting for sales-type leases does not follow the methodology required’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements