Accounting scandals

Finance Function 2019: Fewer Functionaries, More Strategists
Technology

Finance Function 2019: Fewer Functionaries, More Strategists

Heading into the new year, technology is starting to wipe out lower-level number crunchers in favor of mid-level team members focused on strategy.
By CEO, Metapraxis, and Simon Bittlestone | January 2, 2019
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The Dark Side of Accounting Expertise
Risk & Compliance

The Dark Side of Accounting Expertise

For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds.
By David McCann | October 25, 2018
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More Accounting Woes Delay Toshiba Results
Risk & Compliance

More Accounting Woes Delay Toshiba Results

New CEO Masashi Muromachi says he will consider resigning if the new Sept. 7 reporting deadline is not met.
By Matthew Heller | August 31, 2015
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Toshiba Inflated Profits With Bosses’ Knowledge
Risk & Compliance

Toshiba Inflated Profits With Bosses’ Knowledge

Internal probe finds profits were overstated by $1.2 billion amid a corporate culture of not going against the bosses' wishes.
By Katie Kuehner-Hebert | July 20, 2015
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Ex-CEO Fined $545,000 for Inflating Company’s Value
GAAP and IFRS

Ex-CEO Fined $545,000 for Inflating Company’s Value

The former chief of TelWorx Communications falfsified earnings and revenue in the runup to an acquisition, the SEC says.
By Matthew Heller | April 2, 2015
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Accounting-related Securities Class Actions Climb 47%
Risk & Compliance

Accounting-related Securities Class Actions Climb 47%

Class-action lawsuits involving restatements of financials also reached a seven-year high in 2014, according to Cornerstone Research.
By Matthew Heller | April 2, 2015
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Why CFOs Need to Care About Accounting
Growth Companies

Why CFOs Need to Care About Accounting

Something is sure to go wrong in the manual process of validating accounts and transaction balances for compliance purposes. Will your systems catch it?
By Therese Tucker | March 4, 2015
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Home Restoration Firm Put Investor Money in Options to Stay Alfoat
Risk & Compliance

Home Restoration Firm Put Investor Money in Options to Stay Alfoat

The SEC alleges that Cornerstone Homestones sold investors unsecured notes and then failed to disclose it was investing the proceeds in stocks.
By Matthew Heller | December 12, 2014
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