Financial reporting

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion.

Many continue to question the constitutionality of the Corporate Transparency Act, but it's not gone yet.

After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

The retailer trimmed its profit outlook after concluding its investigation into an employee plot to hide millions of dollars in expenses.

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

A federal district court has issued a preliminary injunction to prevent the government from enforcing the Corporate Transparency Act.

The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.

The investigation determined that "the conclusions EY stated in its resignation letter were not supported by the facts examined in the review."

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.

Almost 10 months after scandal shook Archer-Daniels-Midland Co., the commodity-trading giant has yet to sort out its accounting.

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.