Financial Reporting: Page

PwC releases ESG reporting app

Finance leaders are under pressure to measure their company's performance on environmental, social and governance values. 

By Robert Freedman • Oct. 25, 2020

SEC charges Andeavor for inadequate controls

The company failed to show a stock buyback complied with a policy prohibiting repurchases while it was in possession of material non-public information.

By Robert Freedman • Oct. 20, 2020

Explore the Trendline➔

Top 5 stories from CFO Dive

To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

By CFO Dive staff

SEC eases auditor independence rules

Audit firms are less likely to get in trouble for working with affiliated companies.

By Robert Freedman • Oct. 19, 2020

ESG to transform CFO role

Now that the Big Four have agreed on a set of metrics, the path forward is becoming clearer for standardized corporate ESG reporting.

By Ted Jackson • Oct. 18, 2020

CFO KPI Close-up

CFOs all rely on a standard set of financial metrics, but certain KPIs enable them to outperform the competition.

Oct. 13, 2020

Efforts to increase IPOs through deregulation gets thumbs down from SEC commissioner

IPOs have been declining for years, but "reflexively blaming overregulation" is not the answer, SEC Commissioner Allison Herren Lee said. 

By Ted Knutson • Oct. 12, 2020

Survey: CFOs expecting lower revenues, employment in 2021

Despite increased optimism, CFOs still report being below their pre-COVID levels of revenue and employment, a survey from Duke University Fuqua School of Business and the FRBanks of Richmond and Atlanta found.

By Jane Thier • Oct. 12, 2020

COVID-19 intensifying audit committee work

Helping CFOs and their teams make forward-looking assessments against pandemic uncertainty has become a focus, a survey shows. 

By Robert Freedman • Oct. 11, 2020

Ruby Tuesday files for bankruptcy

The casual chain has buckled under the weight of pandemic pressure and years of culling underperforming restaurants. It plans to reduce liabilities and restructure its business through the Chapter 11 process.

By Emma Liem Beckett • Oct. 7, 2020

As regulators step up data analytics, companies must do the same

Complying with government document requests is becoming too difficult and risky without predictive analytics tools, an e-discovery specialist says.

By Robert Freedman • Oct. 6, 2020

HP hit with $6M fine for violating disclosure controls

The company used incentives to "pull-in" to the current quarter sales of supplies they otherwise expected to materialize in later quarters. 

By Robert Freedman • Oct. 1, 2020

Auditors can improve non-GAAP measures, group says

Inconsistent calculation of EBITDA and other metrics not used in formal reporting can be made more informative if they're subject to external review.  

By Robert Freedman • Oct. 1, 2020

Ex-Amazon tax manager hit with insider trading

The employee had access to calculations used to finalize numbers in the company's quarterly and annual earnings filings. 

By Robert Freedman • Sept. 29, 2020

Using data-analytics tool, SEC catches two companies' accounting violations

In a first, the agency used risk-based data analytics to uncover accounting and disclosure violations in the way the companies manage and disclose their earnings. 

By Robert Freedman • Sept. 28, 2020

SEC hits BMW with $18M fine for false sales disclosures

 Investors who purchased some $18 billion in company bond offerings were misinformed about the pace of the company's U.S. sales.  

By Robert Freedman • Sept. 27, 2020

Revolution Lighting hit with SEC accounting violations

The company is alleged to have inflated its reported revenues over a four-year period. The former CEO and CFOs of the company's largest division are among executives charged with falsifying information. 

By Robert Freedman • Sept. 24, 2020

Peloton CFO: Company doesn't 'want, or need, gyms to die' to maintain growth

Jill Woodworth said the company's total recorded workouts, reaching almost 77 million in the quarter, is the KPI of which she is most proud.

By Jane Thier • Sept. 14, 2020

CFOs face a new way of disclosing risk under SEC Regulation S-K changes

New requirements are less prescriptive and more principles-based, which could mean a less consistent approach to enforcement.

By Ted Knutson • Sept. 3, 2020

Following strong Q2, Zoom CFO says video conferencing is here to stay

Even after in-person gatherings return, video conferencing will remain a fixture in business, education and communication, and "will be a part of our lives forever," Zoom finance chief Kelly Steckelberg said.

By Jane Thier • Sept. 2, 2020

BorgWarner materially misstated its financial statements: SEC

In a settlement over its accounting for asbestos-related liability, the motor vehicle parts manufacturer agreed to pay a $950,000 penalty.   

By Robert Freedman • Aug. 27, 2020

Super Micro Computer, CFO charged with speeding up revenue recognition

In the settlement, the company will pay $17.5 million, the CFO will pay $350,000, and the CEO will have $2.1 million in stock profits clawed back.  

By Robert Freedman • Aug. 26, 2020

Wall nonprofit said to have used shell entities to pass donations to officers

We Build the Wall is charged with using a shell nonprofit, a veiled corporation and two anonymous associates as part of an effort to pass payments to officers.

By Robert Freedman • Aug. 24, 2020

Improper revenue recognition tops SEC fraud cases

Attorneys who work with SEC whistleblowers walk through the 10 most common types of fraud in an Accounting Today analysis.  

By Robert Freedman • Aug. 20, 2020

3 tips for CFOs looking to migrate to a subscription pricing model

Tip one: Resist moving revenue recognition outside of your ERP, otherwise you decrease visibility into the success of your subscription model and create reporting, tracking and compliance problems. 

By Katrina Gosek • Aug. 19, 2020

Financial irregularities at heart of lawsuit to dissolve NRA

Whistleblowers within the organization's finance department helped shed light on practices targeted by a New York Attorney General's lawsuit.

By Robert Freedman • Aug. 10, 2020