SEC

The Securities and Exchange Commission approved a proposal that aims to improve the security of the filing system.

The Securities and Exchange Commission alleged Olayinka Oyebola and his firm enabled the perpetration of a multiyear fraud scheme.

The software company co-founder allegedly raised more than $30 million by falsely claiming the company had millions of dollars in annually recurring revenue.

The unexpected demise of an audit firm proved to be a boon for many small auditors.

The firm agreed to settle charges with the SEC over negligence for its work for the now shuttered crypto exchange.

The SEC alleges Kubient's two former execs and former audit committee chair artificially inflated the company's revenue and lied to auditors.

Emerging technologies are revolutionizing the group audit process with solutions to navigate the complexities and enhance audit quality.

The SEC approved the PCAOB's QC 1000, which will require firms to identify risks to their practice and design quality control systems that can safeguard against those risks.

Nicholas Bowerman was charged with manipulating Circor's internal accounting records, resulting in the company to overstate its financial performance by millions of dollars.

The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.

Shipbuilder Austal USA and its parent company agreed to a $24 million civil penalty to settle fraud charges by the Securities and Exchange Commission.

The SEC obtained emergency asset freezes against Jonathan Adam and Tanner Adam, and their respective entities, to halt an alleged $60 million cryptocurrency Ponzi scheme.

The commission approved proposals from the PCAOB around contributory liability, the responsibilities of the auditor, and technology-assisted data analysis.

The board brought 34 actions against 45 respondents and imposed a record $35 million in penalties in the first half of 2024.

The investment firm late Monday said it couldn't file its quarterly report with regulators on time, due to problems in valuing its loans and investments

The SEC charged electric vehicle company Ideanomics and three of its executives with fraud for misleading the public about its financial performance from 2017 and 2019.

The proposal, under the Financial Data and Transparency Act of 2022, will make financial data more accessible, uniform and useful to the public.

Abraham Shafi, former CEO of social media platform IRL, was charged with defrauding investors of $170 million by the Securities and Exchange Commission.

If CFOs were students, their grades would be taking a hit due to late homework.

Plus, Bloomberg Tax and Accounting unveils new AI features; and other news from the accounting technology world.