improper accounting Archives - CFO

Sequential Brands Accused of Accounting Fraud

Risk & Compliance

Sequential Brands Accused of Accounting Fraud

The SEC says senior finance personnel improperly accounted for goodwill to create a false impression of the company's financial health.

By Matthew Heller | December 11, 2020

Super Micro Fined $17M for Improper Accounting

Risk & Compliance

Super Micro Fined $17M for Improper Accounting

Former CFO Howard Hideshima allegedly pressured employees to maximize revenue at the end of quarters, typically sending them dozens of emails.

By Matthew Heller | August 26, 2020

L3 Technologies Settles $1.6M Revenue Recognition Case

Revenue Recognition

L3 Technologies Settles $1.6M Revenue Recognition Case

The SEC also accused the company of failing to maintain adequate internal controls after employees reported their concerns to the ethics board.

By Sean Allocca | January 12, 2017

FMC Technologies Fined $2.5M Over Accounting

Risk & Compliance

FMC Technologies Fined $2.5M Over Accounting

The energy technology firm allegedly overstated profits by manipulating the liability it recorded for employee paid time off.

By Matthew Heller | October 21, 2016

Ex-Logitech CFO Accused of Accounting Fraud

Ex-Logitech CFO Accused of Accounting Fraud

The executive and a former Logitech controller are accused of inflating the company's operating income in fiscal 2011.

By Matthew Heller | April 19, 2016

Ex-St. Joe CFO, Others Accused of Improper Accounting

Ex-St. Joe CFO, Others Accused of Improper Accounting

A Florida developer overstated earnings by failing in its impariment testing of real estate assets.

By Matthew Heller | October 27, 2015

Toshiba Shares Tumble on Accounting Revelations

Growth Companies

Toshiba Shares Tumble on Accounting Revelations

The Japanese company says it understated the costs of some infrastructure projects and will set up a committee to investigate accounting irregularities.

By Matthew Heller | May 11, 2015