Bridging the Gaps in GAAP
Here are eight critical considerations for combating the creativity crisis in accounting.
Are Women CFOs Less Prone to Financial Misreporting?
In a study of thousands of U.S. companies over 11 years, those with female CFOs were much less likely to file financial reports containing misstatements.
Why Terminating a Pension Plan May Be Unaffordable
Not only is it expensive to buy annuities to fund existing retiree benefits, but financial statement issues also may stymie plan terminations.
Private Companies: Beware of SEC Scrutiny
The Securities and Exchange Commission is bringing case after case charging private companies and their executives with fraud.
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.
AICPA Issues New Benefit Plan Audit Rules
The institute has been seeking to improve the quality of plan audits since a critical government report in 2015.
Internal Controls Violations in Cyber-Fraud Cases?
The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.
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.
Five Firms Fined for Filing Incomplete 10-Qs
The SEC says the companies included financial statements in reports that had not been reviewed by an independent external auditor.
Ex-Autonomy CFO Convicted of Massive Fraud
A U.S. jury finds Sushovan Hussain "misused his special skills in accounting" to inflate the U.K. software firm's revenues before it was acquired by HP.
What’s Behind Financial Statement Placement Order?
The order in which a company presents financial statements may present clues about how it wants to be viewed by investors and analysts.