Financial reporting

The German maker of packaging for medicines and cosmetics said it is "more likely to assume" it failed to properly recognize sales during the 2024 fiscal year. .

B&M European Value Retail SA Chief Financial Officer Mike Schmidt announced he'll step down after the company cut its guidance again due to an accounting error.

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

Paul Atkins said the proposal will let companies report on a semi-annual basis, though many might still choose to report quarterly.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a six-month schedule he cast as saving businesses time and money.

James Moloney, a partner at the law firm Gibson, Dunn & Crutcher, will head the SEC's division of corporation finance starting next month.

Marcum LLP will be succeeded by BDO USA once Marcum has completed the 2024 audit of the Los Angeles-based brokerage.

The scale of the retailer's overstatement is "quite shocking" and will likely impact management credibility, said one analyst.

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

The errors were tied to accounting for engineering scrap and engineering support labor.

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

U.S. officials have asked for information related to the accounting of deals that the cybersecurity company has made with some customers.

The artificial intelligence company was facing legal scrutiny in the weeks before it went bust.

The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards as they involve customers.

The Federal Accounting Standards Advisory Board wants input on accounting issues and questions related to reorganizations and abolishments amid DOGE cuts.

The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

Among companies that have disclosed financial projections, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs this quarter.

Judgments that are overly optimistic, unsupported, or poorly documented can tip into the territory of errors or fraud, leading to restatements and enforcement.

The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.