VideoRegulatory Issues
You are here: Home : Topics A-Z : Regulatory Issues
Censuring E&Y, PCAOB Hits Firm's Lack of Skepticism
The regulator has imposed its largest penalty, $2 million, on Ernst & Young over the auditor's review of a company's revenue-recognition practices.
February 9, 2012
The Public Company Accounting Oversight Board has censured and penalized Ernst & Young $2 million, its largest penalty against an accounting firm, for violating the audit firm watchdog's rules. The accounting industry regulator said the firm "failed to properly evaluate" how a pharmaceutical company calculated its reserve for sales returns. Read more...
Follow this topic
- Subscribe to our Regulatory Issues RSS feed
More Regulatory Issues Articles
-
Tax Reform: You Can't Have It All
Executives implore Congress for a lower corporate tax rate, and they would even be (somewhat) willing to give up beloved tax incentives. February 8, 2012
-
IRS Sparks Confusion on Property Upgrades
New tax rules rekindle the repair versus improvement controversy. February 7, 2012
-
Global Positioning
Expanding abroad has lots of potential, and plenty of risks. Here are some quick tips to help you avoid problems with staffing, regulatory requirements, joint ventures, and more. February 1, 2012
-
Don't Trust, Verify
With antibribery actions on the rise, companies should monitor their business partners more closely than ever. February 1, 2012
-
Where the Money Is, and the Security Isn't
Cyber thieves are increasingly targeting small and midsize businesses, and why not? Most SMBs do little to protect themselves. February 1, 2012
-
The Cost of Confidence
Two proposals aim to increase auditor independence, but may cause problems for CFOs. February 1, 2012
-
SEC Advised to Dial Back "Facebook Rule" for Small Cos.
An SEC advisory committee recommends changing the 500-shareholder threshold for when private companies have to publicly share their financial information. February 1, 2012
-
Upbeat Words in Earnings Statements Can Get You Sued, Research Shows
Companies that use overly optimistic language in earnings releases are 75% more likely to get sued after their stock performs poorly than companies that use more moderate language. January 30, 2012
-
SEC Claws Back a CFO's Bonus for Alleged Fraud at a Subsidiary
Clawbacks are becoming a more common mandate in SEC settlements. In the latest case, a finance chief will return $185,000 to his company. January 30, 2012
Related White Papers
advertisement
Business Solutions Center
advertisement
