SEC Charges Bring Long Fraud Saga to a Close
Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
Companies Are Moving Slowly on ASC 842
Here's a look at issues companies will face in implementing the new lease accounting standard.
Investors Overreact to Restatements in the Short Term
Share prices fall unrealistically low around the time of restatement announcements but then show abnormal positive returns over the longer term.
GE’s Big Goodwill Impairment Draws Scrutiny
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
Audit Committees Say More About Auditor Choices
Public companies' most recent proxy statements contain more disclosure from their audit committees about the selection and oversight of external auditors.
SEC Intensifies Focus on Non-GAAP Metrics
While the number of comment letters the commission sends to filers has waned drastically, the proportion of letters focused on non-GAAP metrics has shot up.
Report Details Ubiquity of Non-GAAP Metrics
Some findings seem to support allegations that companies are practicing "earnings management."
How Important Are Intangible Asset Impairments?
Where there are impairments for intangible assets such as goodwill, other liabilities may be lingering on the balance sheet as well.
ASC 606: What’s the Impact So Far?
From an investor perspective, it's difficult to tell how much of any change in revenue or earnings is due to the new revenue recognition rule.
SEC Audit Committee Rule Is Worthless: Study
Investors gain no benefit from a 1999 rule requiring audit committees to have at least three members and be free of conflicting interests, research finds.
Accounting Estimates Changing at Record Pace
A trendy change in pension accounting methodology is responsible for many of the revised assumptions on which future estimates are based.