SEC

During an earnings call, the company's CEO said the internal problems have not torpedoed the overall financial picture.

The rule “moves us closer to the high-quality reporting that investors, lenders, and other stakeholders require,” the AICPA and CIMA said.

The SEC disclosed 83 accounting and auditing enforcement actions in FY 2023, up 22% from the previous fiscal year.

Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.

Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.

U.S. regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, with 11 funds to begin trading Thursday.

Taxonomies on GAAP financial reporting, SEC reporting, and DQC rules were released by the FASB on Dec. 18.

Conservative justices, in a securities fraud enforcement case, sound skeptical that defendants shouldn’t have a right to be judged by peers.