Generally accepted accounting principles
ADT Fined Over Reporting Failures
Security company ADT was hit with a $100,000 fine from the SEC over failure to report under GAAP when presenting its financial numbers.
Study Finds Disturbing Evidence of Earnings Management
Not only companies but also stock analysts and earnings-data clearinghouses are linked to the deception.
Investors Speak: Down With GAAP!
Non-GAAP metrics command far more attention from investors than do the official numbers, new research shows.
Blockbuster Tax Trade: Less Complexity for More Transparency
With fewer disclosures and less complexity in the tax code, firms could report timelier, more transparent financials, says Haskell & White's Rick Smetanka.
Exceptions for Private Companies Are Damaging the GAAP Brand
Writing private-company exceptions into GAAP complicates financial reporting.
Most Tech CFOs in the Dark About Revenue Rule
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
Report Card Time for Private Company Council
The Financial Accounting Foundation is seeking input on how well the council has addressed the needs of private company financial statement users.
Small Business Originations Rise at P2P Lender
OnDeck Capital grew its portfolio of small business loans and lines of credit by $369 million in the fourth quarter but still reported a net loss.
SEC Official Urges Closer Look at Cash Flow Statements
The call is motivated by a steep rise in the percentage of financial restatements attributable to cash-flow errors.
Revenue Recognition Changes Could Spur SEC Fraud Probes
The new FASB revenue recognition standard means increased focus from auditors and likely unwanted attention from the SEC.