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.
Oil Shipper and Its Former CFO Fined for Understating Tax
Overseas Shipholding Group and its ex-CFO allegedly failed to recognize $512 million in tax liabilities over a 12-year period.
SEC Fines GM $1M Over Accounting for Recall
A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.
Start Preparing Now for New Lease Accounting Rules
They don't take effect until 2019, but few leases will be grandfathered, so there will be an immediate bottom-line impact.
Ex-IEC Electronics Execs ‘Pumped Up’ Profits
The two executives have settled SEC charges that they used false inventory accounting to meet IEC's gross profit margin targets.
Staffing Firm Fires CFO for Misstating Costs
Barrett Business Services stock plunges 33% after it discloses James Miller made "“unsupported journal entries” in financial records.
Five Accountants Charged With Audit Violations
The SEC alleges CPA Peter Messineo owned stakes in companies that the firm he worked for was auditing.
Top OCZ Execs Charged With Accounting Fraud
Former CFO Arthur Knapp agrees to pay $130,000 to settle charges he failed to prevent the misclassification of sales discounts.
Audit Firms to Pay $318K Over Microcap Fraud
De Joya Griffith and M&K CPAS were accused of defectively auditing the financial statements of purported mining companies.
BDO to Pay $2.1Million Over Deficient Audits
The SEC alleges the big accounting firm ignored red flags in signing off on the financial statements of an employment staffing company.