Seeking to improve the adequacy of liquidity disclosures and going concern qualifications, the Financial Accounting Standards Board (FASB) in 2014 established a new rule, in the form of a standards update, to take effect for the 2017 annual audit period as well as future annual and interim periods
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Russian retailers were left counting the cost of a holiday-season glitch that may have caused billions of rubles in lost sales after the failure of some internet-connected cash registers required by the government to cut down on tax avoidance. “A retail nightmare came true today, when cash registers
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Uganda's ruling party secured more than the two-thirds majority that's required to amend the constitution, paving the way for a final parliamentary vote on lifting presidential age limits. The change, when made, will eliminate the 75-year age ceiling that previously blocked incumbent Yoweri Museveni, 73,
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President Donald Trump said the U.S. will “be finished pretty soon” with the Islamic State terrorist group that has inspired attacks in America and Europe. The military coalition combating the extremists “has recaptured nearly 100 percent of the territory once held by the terrorists in Iraq and Syria,” Trump
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Microsoft Corp., Cisco Systems Inc., Google parent Alphabet Inc. and Oracle Corp. round out the top five, data compiled by Bloomberg show. One caveat is that the repatriation provision could generate a large tax bill. In Apple's case, a 14.5 percent rate would equate to $36.6 billion in taxes, or about $7
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