Financial Reporting

Fraud

Ex-Celadon Execs Accused of Accounting Fraud

The former COO and CFO allegedly orchestrated a scheme that enabled the trucking company to hide tens of millions of dollars in losses.

Matthew Heller
December 6, 2019
Tax

International Tax Reporting Standard Is Finalized

Under the Global Reporting Initiative's new standard, thousands of companies will be voluntarily reporting tax information on a country-by-country basis.
Applications

An Empowered Audit Team Can Be the Ultimate Safeguard

Regtech can improve transparency, but without the right culture even the best technology will fall flat.
Growth Companies

Private Equity CFOs Face Extra Complexities

Responsibilities for financial reporting, FP&A, systems implementation, capital needs, and more can be heavier than other private company CFOs experience.
Financial Reporting

CVS Health Reports Q3 Earnings Beat, Raises Guidance

The healthcare company posted stronger-than-expected third quarter earnings.
Financial Reporting

Bridging the Gaps in GAAP

Here are eight critical considerations for combating the creativity crisis in accounting.
Strategy

HP to Shed up to 9,000 Jobs in Restructuring

The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
Financial Performance

Macy’s Posts First Comp Sales Drop in 2 Years

“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
Financial Reporting

Finance Avoids RPA for Financial Reporting

Finance departments are reluctant to remove humans from the financial reporting progress, but Gartner says that misses opportunities for efficiencies.
Fraud

Comscore Fined $5M Over Accounting Fraud

The data analytics giant's former CEO allegedly improperly recognized revenue from non-monetary transactions to beat Wall Street estimates.
Auditing

Microsoft Discloses ‘Critical Audit Matters’

The software giant's auditor, Deloitte, found CAMs related to revenue recognition judgments and uncertain income tax provisions.
Financial Reporting

Apple’s Revenue Is Up, but EPS Is Down

Strong iPhone sales in China and record services revenue drive third-quarter results for Apple.
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