Accounting News Roundup: Mischievous Non-GAAP Reporting; More Bad News for KPMG South …

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Accounting News Roundup: Mischievous Non-GAAP Reporting; More Bad News for KPMG South …

SEC chief accountant warns against mischief in non-GAAP reporting [AT] On a panel at Baruch College's Financial Reporting Conference, SEC Chief Accountant Wesley Bricker mentioned that there can be a “mischievous quality to non-GAAP reporting,” and now I can only imagine CFOs with toothy
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UPDATE 6-Argentina peso crashes 7.8 pct despite 2nd interest rate jolt

BUENOS AIRES, May 3 (Reuters) – Argentina's central bank raised its benchmark interest rate by 300 basis points to 33.25 percent on Thursday, but the second steep rate increase in less than a week failed to stop the country's peso currency from …
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Alibaba's Outlook Tops Estimates as Spending Drives Growth

Alibaba Group Holding Ltd. is forecasting a better-than-expected 60 percent surge in revenue this year, counting on an international expansion and new businesses from cloud computing to supermarkets to sustain a sizzling pace of top-line growth. The e-commerce giant's outlook for the year ending
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How Five Robots Replaced Seven Employees at a Swiss Bank

(Machine translation provided by Google and reviewed by Bloomberg editors.) … seen that's technically feasible and now we're exploring whether other applications are worthwhile, and I'm very optimistic about that”, Felix Buschor, member of the management board, said in an interview with Bloomberg.
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Carl Icahn, Darwin Deason Confirm Expiration Of Xerox Settlement Agreement

(RTTNews.com) – Carl Icahn and Darwin Deason have released an open letter to shareholders of Xerox Corp. (XRX), confirming the expiration of the previously announced settlement agreement they entered into with Xerox and the company's board of directors …
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