SEC

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

General Electric Co.’s new chief executive officer got off to a rocky start with Wall Street as the company revealed an expanded accounting probe by U.S. authorities.

About one-quarter of perpetrators of financial reporting misconduct experience a net benefit, even after getting caught.

Extended deadlines, exemptions from some securities laws, and relaxation of low-income housing rules aim to help those affected by the storm.

The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

A commission report warns public companies about email dangers.

The auditors had fallen behind, according to the commission, and falsified their documentation to make a deadline.

In the first case of its kind, the commission assessed $250,000 in penalties.

Officials from the Department of Justice, the Federal Bureau of Investigation and the Securities and Exchange Commission discussed some of the latest fraud trends and how they are combatting them during an Association of Certified Fraud Examiners fraud risk management summit in New York.

Auditors will be exempted from some independence requirements to help clients reconstruct records.