Financial reporting

South Korea is considering a bill that would allow regulators to oust the CEO of an accounting firm that is found to be negligent in controlling audit quality.

The Securities and Exchange Commission said Monday it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL.

Valeant Pharmaceuticals International Inc. just gave conventional financial measures a new prominence in its latest quarterly report. It wasn’t pretty.

The Securities and Exchange Commission has barred a former corporate vice president and a former controller for false accounting at an electronics company.

The World Gold Council, a market development organization for the gold industry, has some ideas about developing a common accounting framework for gold that could be used by central banks in countries around the world.

The costs of the finance and accounting function at many companies are expected to climb in the next few years, according to a new survey.

Oracle Corp. and its top executives were sued by an investor who blames his stock losses on allegations by a former finance executive that the cloud computing giant doctored its quarterly results.

New York’s highest court again rejected a bid by former American International Group Inc. Chairman Maurice “Hank” Greenberg to dismiss the state’s decade-old fraud suit against him, clearing a path for a trial.

The XBRL US Data Quality Committee has released an analysis showing big improvements in the quality of filings in Extensible Business Reporting Language format by companies that follow a new set of validation rules.

The number of financial restatements from companies fell nearly 14 percent last year to the lowest number since 2002, according to a new report.