Financial reporting

The Securities and Exchange Commission announced penalties in two financial fraud cases Tuesday against companies and their former executives accused of various accounting failures that left investors without accurate depictions of company finances.

The number of accounting-related securities class-action filings increased for the third year in a row in 2015, according to a new report.

Approximately two-thirds of companies that make up the Dow Jones Industrial Average reported non-GAAP earnings per share, according to a study last year, and the Securities and Exchange Commission is beginning to wonder if the trend has gone too far.

For years, the conversation around XBRL and data-based reporting was theoretical. Though the SEC began requiring companies to report financial statements as data in XBRL format in 2009 (in addition to document versions), there’s been no dramatic evolution in how we think about financial reporting and analysis.

The Governmental Accounting Standards Board issued guidance Monday addressing several practical issues raised by stakeholders during implementation of GASB’s pension accounting and financial reporting standards for state and local governments.

A long-awaited regulation from the Dodd-Frank Act of 2010 requires companies to disclose the ratio of the CEO’s compensation to the median pay of employees and could prove to be effective in restraining the growth of CEO pay, according to a new study.

Thomson Reuters has introduced a new service covering all aspects of financial management and controllership, including accounting and financial reporting, budgeting and forecasting, cost and cash management, business combinations, and internal controls and risk management.

One time I had a client who became his company’s CEO. At one meeting I asked him how he spent his days and how he managed the transition to CEO.

More than 80 percent of nonprofits anticipate growth and increased revenues in 2016, according to a new survey.

More than half of companies in India are not yet ready for new Indian Accounting Standards, according to a new survey.