A medical device maker agrees to settles charges brought by the Securities and Exchange Commission that it improperly booked revenue and made improper payments to doctors at government-owned hospitals in Brazil to increase sales.
General Motors is paying a $1 million penalty to settle charges from the Securities and Exchange Commission that deficient internal controls kept it from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.
Professor of accounting and chair of the School of BusinessMount Saint Mary College
Accounting students have the arduous task of learning how to prepare and analyze financial reports. Like other users of financial data, they may wonder if the numbers alone are enough to evaluate a firm.
American Institute of CPAs teams up with the American Society of Appraisers and the Royal Institution of Chartered Surveyors on a new designation for financial professionals who provide fair value measurement services.