In this issue we take our annual accounting of the leading European football clubs and stars, many of whom will also be on display this summer in the World Cup tournament.

FORBES

And in that case questions must be raised about why the International Accounting Standards Board has been given custody of this issue, which they so clearly fail to comprehend.

FORBES: What happens when accounts aren't fit for purpose?

Violating accounting conventions not really an issue if done in the pursuit of shoring up reported results.

FORBES: Do You Lead Like Rupert Murdoch? 10 Questions

The news this morning is that allegations of accounting fictions at Deutsche Bank are now a hot-button issue at the SEC.

FORBES: In SEC Action Against 'Made-in-China' Stock Scams, A Second Shoe Drops

As well as being highly geared, with its latest issue of debt rated by credit agencies as low as junk, Warner Music has accounting problems inherited from its former management.

ECONOMIST: Buying music can be highly profitable

Accounting might seem a strange issue for a shrewd politician to grab hold of, but these particular ones know very well what they are doing.

FORBES: Why Everybody's Jumping On The Accountants These Days

While publicly traded companies in the U.S. must make quarterly financial reports within 45 days of an accounting period's close and an annual report within 90 days, nonprofits need to issue numbers just once a year, and this data can be a year or more out of date.

FORBES: Charity Begins With The Boss