SEC

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

The SEC chair's ambitious agenda drew fierce resistance from Wall Street and the crypto industry.

The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

The sofamaker agreed to pay $1.5 million to the SEC to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

Erica Williams, who began her first term in January 2022, will now helm the Public Company Accounting Oversight Board through Oct. 24, 2029.

The commission is focused on accounting errors the railroad had previously disclosed and certain non-financial performance metrics. 

The new regulatory environment has faced legal challenges, creating uncertainty for companies and auditors.

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.