Financial reporting

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.