Accounting January 9, 2023
SEC Charges Ex-McDonald’s CEO with Making False Statements About Termination
Stephen Easterbrook was fined $400,000 and barred from holding corporate officer or director roles for five years.
Accounting December 19, 2022
2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says
The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.
Accounting November 11, 2022
As SEC Works to Finalize Climate Rule, Both Sides Make Their Case
Companies, industry associations and lawmakers made final push to influence the SEC by the Nov. 1 deadline.
Digital Currency November 10, 2022
FTX Faces Probe by U.S. Regulators Into Client Funds, While Binance Drops Plans to Acquire Rival
The inquiries by the SEC and the CFTC relate to the liquidity crisis that has pushed FTX to the brink.
Accounting November 7, 2022
Supreme Court Mulls Allowing Court Challenges to SEC and FTC
A ruling against the government could undercut two of the most powerful federal regulators in the U.S.
Accounting October 27, 2022
Executive-Bonus Clawbacks Get Long-Delayed Approval From SEC
Under the new rule, pay would be returned if tied to a firm’s financial reporting error.
Auditing October 24, 2022
Ex-PwC Auditor in SEC’s Crosshairs as Mattel Will Pay $3.5 Million Over Accounting Errors
Joshua Abrahams is accused of breaking auditor independence rules in PwC’s audit of the toy-making giant.
Digital Currency October 24, 2022
Crypto is More Attractive as SEC Gets Aggressive, Investors Say
Bitcoin will trade between $17,600 and $25,000 until the end of this year, survey of market participants shows.
Accounting October 20, 2022
Companies Issue Unrelated News When SEC 8-K Disclosure Has Bad News, Study Finds
Companies that file a form 8-K containing negative info are 7% more likely to concurrently issue a press release with good news.
Accounting October 3, 2022
Ex-EY Director Agrees to Pay SEC $23,900 to Settle Insider Trading Charges
Michael Weiss bought clients’ shares ahead of earnings and acquisitions announcements on four separate occasions.
Digital Currency October 3, 2022
Kim Kardashian to Pay $1.26M for Crypto Promotion to Settle SEC Allegations
Monday’s settlement says she got $250,000 for posting about EMAX tokens on her popular Instagram account.
Auditing October 3, 2022
SEC Punishes RSM US for Shoddy Auditing of an LED Lighting Company
The SEC also charged two partners, as well as a senior audit manager, for their roles in the improper audits.