Earlier this week, the US Supreme Court held that Section 304 of the Bipartisan Campaign Reform Act of 2002 (BCRA) was unconstitutional. Senator Ted Cruz (R-TX) challenged the law as unconstitutional following his re-election in 2018. The Court held that the current legal limit ($250,000) on the amount of money […]
Finance
Peter Knutson, Wharton | University of Pennsylvania Almanac
Peter Knutson, Wharton Peter H. Knutson, an associate professor emeritus of accounting at the Wharton School and a Sloan Fellow of the Wharton Financial Institutions Center, passed away at home in Edmonds, Washington from complications related to advanced prostate cancer on August 21. He was 86. Dr. Knutson grew up […]
EU, CAC collaborate to develop online application for financial accounts system
The European Union under its Agents For Citizen-Driven Transformation (ACT) programme has collaborated with the Corporate Affairs Commission’s (CAC) to develop a template for financial accounts online filing solution. The EU-ACT hosted a workshop on Tuesday to review and finalise the standard financial accounts reporting templates for the CAC Financial […]
KPMG’s global boss wades into dispute with UK accounting regulator
KPMG LLP updates Sign up to myFT Daily Digest to be the first to know about KPMG LLP news. KPMG’s global boss waded into a row with the UK’s Financial Reporting Council over the poor quality of the firm’s banking audits, placing renewed pressure on the accounting firm’s relations with […]
Dr. Peter Knutson: Accounting professor, arts lover and master of the bad pun
Dr. Peter H. Knutson Dr. Peter H. Knutson, retired Associate Professor of Accounting emeritus at the Wharton School of Business, University of Pennsylvania, died at home in Edmonds from complications related to advanced prostate cancer on Saturday August 21, 2021. He was 86 years old. Peter grew up in Beloit, […]
The New Head of the International Accounting Standards Board Outlines His Priorities
The new head of the International Accounting Standards Board is setting his priorities for the rule maker, including potentially changing requirements around intangible assets and weighing in on sustainability disclosure. Andreas Barckow took the helm of the London-based IASB in July. The organization sets international financial reporting standards, or IFRS, […]