Companies with biggest lease obligations face new accounting standard

Walgreens, CVS and AT&T top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report that ranks Fortune 1000 companies by their leasing obligations.

From artificial intelligence to accounting intelligence

Some call AI the fourth industrial revolution — and it fascinates us, raises many questions, excites us, even scares us a little.

House passes repeal of medical device tax

The House approved a repeal of the Affordable Care Act’s medical device tax, along with a bill that prohibits the IRS from rehiring any employee who was fired for misconduct.

GDPR, consent and other processing bases for accountants

One of the key changes introduced by the European Union’s General Data Protection Regulation relates to the issue of consent.

KPMG ups the ante on summer perks

$500 gift cards, a barbecue package from Omaha Steaks, summer office parties, and early departures on Friday are among the rewards the firm is handing out.

SEC queries India’s ICICI on governance, accounting

The U.S. Securities and Exchange Commission has sought details from India’s ICICI Bank Ltd. on its accounting and corporate governance practices, people familiar with the matter said.

Steinhoff’s ex-Europe CFO quits as accounts probe deepens

Steinhoff International Holdings NV said the former head of finance in Europe has left the boards of two key units as an investigation into the scandal-hit retailer’s inaccurate accounts deepens.

Right Networks buys Transaction Pro

The acquisition is the second for the cloud hosting company in 12 months.

Xero delivers full-service payroll through Gusto partnership

The companies will work on deeper integration over the next year to debut new, specialized features.

Career path longer for women in accounting

It takes an average of seven years longer for women in accounting and finance to reach executive level than their male counterparts, according to a new report.