Financial reporting

Wesley R. Bricker has been named chief accountant of the Securities and Exchange Commission, succeeding James Schnurr, who is retiring.

Financial executives are coping with an onrush of new accounting standards that are taking effect in the next few years, along with demands from the Securities and Exchange Commission to temper their companies’ reliance on non-GAAP measures.

Public companies in the U.S. recorded $57 billion in goodwill impairment last year, more than double the amount of impairment they recorded the previous year, according to a new study.

Steve Ballmer is pretty bummed out about the election. A self-proclaimed "numbers guy," Ballmer said the truth is getting lost in the political rhetoric, and he wants to arm citizens with data to defend against lies by the campaigns. "Nobody seems to care about the facts," he said.

Top 6 Firm BDO USA brought on 15 new Securities and Exchange Commission audit clients in the third quarter, leading the auditor pack, while Hong Kong’s DCAW (CPA) Ltd. netted the most, with nine.

More than 125 institutional investors sued Tesco Plc, seeking in excess of 100 million pounds ($122 million) over the U.K. grocer’s 2014 profit overstatement.

CPA.com has released a position paper arguing for the need for a secure, digital way to transmit private company financial data.

A Houston-based company, FMC Technologies, has agreed to pay a $2.5 million penalty to resolve charges that it overstated profits in one of its business segments, the Securities and Exchange Commission said Thursday.

GASB issued an exposure draft of a proposed implementation guide on the requirements of GASB Statement No. 74, "Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans."

Board members at public companies largely favor the use of non-GAAP measures but differ on disclosures of how they’re being used, according to a new survey.