Financial reporting

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.

Top executives whose pay is linked to the stock prices of the companies they oversee are more likely to make stealth disclosures when their companies are forced to restate their financials, according to a new study.

Implementation guidance on FASB’s new NFP standards

Ron Baker dives into the new book, "The End of Accounting"

The Sarbanes-Oxley provision requiring senior financial officers to adopt a code of ethics tended to reduce the number of earnings restatements by their companies, according to a new study.

How can key players in the financial reporting process stay on the good side of non-GAAP use?

Non-GAAP reporting: Yes, it’s bad, but it doesn’t have to be

The Governmental Accounting Standards Board released on exposure draft proposing guidance on extinguishing debt prior to maturity.

The U.S. Army made trillions of dollars of adjustments to its financial data for fiscal year 2015 that are not adequately documented and supported, according to a recent report by the Defense Department’s Inspector General.

Top 20 Firm Marcum LLP led the second-quarter rankings among large firms for new Securities and Exchange Commission audit clients.

Wolters Kluwer Tax and Accounting has introduced a new user interface for CCH Accounting Research Manager, its research system for financial reporting professionals.

T. Rowe Price Group Inc. sued Valeant Pharmaceuticals International Inc. alleging top executives used a secret network of pharmacies, deceptive pricing, reimbursement practices and accounting tricks to hide its branded drugs from generic competition and artificially inflate revenue and profit.

Hain Celestial Group Inc., a supplier of organic and natural products to Whole Foods Market Inc. and other grocers, plunged the most in more than 15 years after delaying financial results on accounting concerns and abandoning its full-year targets.