Big Tech’s Debt Binge Raises Risk in Race to Create an AI World

Equity investors are growing increasingly concerned about the amount of leverage that Big Tech is taking on to build out its artificial intelligence infrastructure as the industry faces rising fears of a bubble.

New York Adopts CPA License Reforms as Graduation Rates Stumble

New York has followed California to become the 23rd state to adopt licensing reforms meant to expand access to accounting careers with a shorter timeline to qualify for the CPA credential.

SEC to Drop Controversial SolarWinds Cyberattack Lawsuit

The US Securities and Exchange Commission will drop its landmark lawsuit against SolarWinds Corp. that accused the company of covering up internal problems ahead of a massive cyberattack.

Lease Accounting Rules Cost More Than Expected, US Review Finds

The accounting overhaul that pulled leased airplanes and warehouses onto corporate balance sheets has led to higher ongoing expenses for companies than the US standard-setter initially expected, according to a new report.

SEC Accounting Chief Pushes for Global Harmony on Audit Rules

The SEC’s top accountant called Thursday for the US audit board to lean on international standards when updating rules used to vet the revenues and asset values for some of the largest companies in the world.

Latest Stories

FROM ACROSS BLOOMBERG TAX

CryptoDaily Tax Report ®Payroll NewsThe Exchange: Tax Insights & Commentary
  • Crypto
  • Daily Tax Report ®
  • Payroll News
  • The Exchange: Tax Insights & Commentary

Casino Capitalism Blurs the Line Between Gambling and Investing

Heading to the New York City subway in September, Mahesh Saha placed a supercharged bet on a volatile stock. Saha, a 25-year-old law student, tapped a phone app and bought $128 worth of bullish options, the right to purchase shares of uranium producer Cameco Corp. for $80 within the week. If they surged above that level, he could make many times his initial investment. If they didn’t, the options would expire, worthless—a total loss.

Why GOP Lawmakers Are Targeting the US Audit Board

SEC Top Accountant Talks Banking Crisis, Audit Worries

'Data Nerd’ Regulator Preps for Digital Auditing Future

How 40 Years of Tax Cuts Have Exacerbated Inequality

EXPLORE BLOOMBERG LAW

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: