Financial reporting

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

Companies are increasingly prioritizing disclosures around cybersecurity, executive compensation clawbacks and more.

BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.

Short-seller Hindenburg had alleged 'major irregularities' and 'manipulated earnings' at the Swiss fintech.

The new standard represents one of the biggest changes to IFRS in decades.

Allen Weisselberg admitted to falsely testifying about his role in the valuation of assets the state proved at trial had been inflated for years to get favorable terms on loans.

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.

The probe involves practices around free cash flow and non-GAAP operating margin practices, the company said.

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

How can your company achieve financial well-being? The key is to invest in tech solutions.

Next stop, more billions; misaimed mansion tax; auditing's future; and other highlights from our favorite tax bloggers.

Affected businesses may turn to their accountants for help, but are firms the best source to help clients report beneficial ownership information to the feds?

The ruling further complicates an already complicated area — the law's mandate around beneficial ownership information reporting.

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

Complex transactions in this industry can trigger accounting and reporting issues that may result in SEC letters, restatements and challenging conversations with investors.

While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.

Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.

The short report by Muddy Waters accuses Fairfax of manipulating asset values to the point that a "conservative adjustment" would reduce its book value by roughly $4.5 billion.

ADM shook the commodity world after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices.