Financial reporting

An academic study demonstrates that earnings management is pervasive across U.S., European and Asian companies, whether they’re using U.S. GAAP or International Financial Reporting Standards.

Why modern budgeting requires built-in business logic and accounting rules

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

FASB’s invitation to comment and the duh-preciation elephant

Marvell Technology Group Ltd. said it will cover as much as $15.4 million of taxes and penalties incurred by former Chairman and Chief Executive Officer Sehat Sutardja when he exercised backdated options in 2006.

Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

New York Attorney General Eric Schneiderman’s probe into Exxon Mobil Corp. includes scrutiny of why it didn’t write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers, according to a person familiar with the matter.

ComScore Inc., which replaced its top officers last month amid an investigation into its accounting practices, climbed a day after restating three years of financial results to reflect lower sales than originally reported.

The Financial Accounting Standards Board proposed improvements Thursday in the accounting guidance for hedging activities.

The International Integrated Reporting Council has appointed Richard Howitt, a member of the European Parliament as its next CEO, succeeding Paul Druckman.