Accounting and Audits
Ford expects $2 billion hit to 2016 net income over pension accounting changeJan. 20
In Tesla's Q2 report, traditional financial measures gain new prominenceAug. 4, 2016
When Tesla reported second-quarter earnings on Wednesday, there was a notable twist to the financial report. It wasn't just that the company failed to hit analysts' estimates again but that it emphasized conventional financial measures. In every report since 2012, it has discussed its so-called adjusted figures before those that complied with Generally Accepted Accounting Principles, known as GAAP.
Mitsubishi Motors to hire auditor to oversee tech unit, report saysJune 10, 2016
Mitsubishi Motors plans to bring in an outside auditor to monitor its technology division, blamed for at least three high-profile cheating scandals, two people familiar with the thinking of the company's leadership told Reuters.