The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
Former CFO Howard Hideshima allegedly pressured employees to maximize revenue at the end of quarters, typically sending them dozens of emails.
The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.
The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.
The SEC finds that internal accounting controls failed to prevent nine public companies from losing money to business email fraud.
A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.
The SEC alleges the company generated more than $51 million in illicit profits by bribing government officials in Africa and Asia.
The SEC says the Japanese company violated securities laws in its recording of "success fees" paid in connection with government contracts.
With the Pope in New York it's the perfect time to freshen your fiscal familiarity, refine your finance with the CFO roundup.
The retailer has settled SEC charges its internal accounting controls failed to ensure proper inventory valuations of items subject to price markdowns..
