Financial reporting

CPA.com has released a position paper arguing for the need for a secure, digital way to transmit private company financial data.

A Houston-based company, FMC Technologies, has agreed to pay a $2.5 million penalty to resolve charges that it overstated profits in one of its business segments, the Securities and Exchange Commission said Thursday.

GASB issued an exposure draft of a proposed implementation guide on the requirements of GASB Statement No. 74, "Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans."

Board members at public companies largely favor the use of non-GAAP measures but differ on disclosures of how they’re being used, according to a new survey.

An academic study demonstrates that earnings management is pervasive across U.S., European and Asian companies, whether they’re using U.S. GAAP or International Financial Reporting Standards.

Why modern budgeting requires built-in business logic and accounting rules

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

FASB’s invitation to comment and the duh-preciation elephant

Marvell Technology Group Ltd. said it will cover as much as $15.4 million of taxes and penalties incurred by former Chairman and Chief Executive Officer Sehat Sutardja when he exercised backdated options in 2006.

Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

New York Attorney General Eric Schneiderman’s probe into Exxon Mobil Corp. includes scrutiny of why it didn’t write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers, according to a person familiar with the matter.

ComScore Inc., which replaced its top officers last month amid an investigation into its accounting practices, climbed a day after restating three years of financial results to reflect lower sales than originally reported.

The Financial Accounting Standards Board proposed improvements Thursday in the accounting guidance for hedging activities.

The International Integrated Reporting Council has appointed Richard Howitt, a member of the European Parliament as its next CEO, succeeding Paul Druckman.

Top executives whose pay is linked to the stock prices of the companies they oversee are more likely to make stealth disclosures when their companies are forced to restate their financials, according to a new study.

Implementation guidance on FASB’s new NFP standards

Ron Baker dives into the new book, "The End of Accounting"

The Sarbanes-Oxley provision requiring senior financial officers to adopt a code of ethics tended to reduce the number of earnings restatements by their companies, according to a new study.

How can key players in the financial reporting process stay on the good side of non-GAAP use?

Non-GAAP reporting: Yes, it’s bad, but it doesn’t have to be