SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting error
South Carolina’s State Auditor George Kennedy resigned on Wednesday after an outside audit found what was thought to be a $1.8 billion surplus in the state’s budget was actually an accounting error.
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Federal officials identify the remains of a Wisconsin pilot lost over Vietnam in 1967
Federal officials identify the remains of U.S. Air Force Lt. Col. Donald W. Downing, from Wisconsin who went missing during the Vietnam War nearly 60 years ago.
Ideanomics reports change in accounting firm and internal weaknesses
In a recent SEC filing, Ideanomics, Inc., a company specializing in motor vehicles and passenger car bodies, disclosed a change in its certifying accountant and internal control weaknesses. On January ...
SC auditor resigns following release of report on nonexistent $1.8B surplus
The state auditor for South Carolina announced his immediate resignation Thursday, just over a week after the release of a forensic report on an alleged $1.8 billion surplus.
Ford to record Q4 special item gain of $700M
Due to its mark-to-market method of accounting for pension and Other Post-Employment Benefit ("OPEB") plans, Ford (NYSE:F) expects to record a pre-tax remeasurement gain of $700M in the fourth quarter ...