By Adrianne Appel2023-03-17T18:42:00
Consumer products company Tupperware Brands Corp. disclosed it uncovered material weaknesses in its internal control over financial reporting (ICFR) as part of an announcement its 2022 annual report would be delayed.
Tupperware is seeking an extension to file its fiscal year 2022 Form 10-K with the Securities and Exchange Commission while it reviews its accounting, the company disclosed in a filing with the agency Thursday.
The company said it expects it overstated its beginning retained earnings balance for FY2020 by $23 million to $28 million, primarily because of income tax and lease accounting lapses in years prior to 2020.
2023-06-13T21:24:00Z By Adrianne Appel
A lack of oversight of employees handling vendor software is one of several failings at cloud computing company Nutanix that led to misuse, $11 million in estimated costs, and two pending lawsuits.
2023-03-23T18:56:00Z By Adrianne Appel
Healthcare technology company Veradigm disclosed it expects it misstated revenue by approximately $40 million during its 2021 and 2022 reporting periods.
2023-02-27T20:03:00Z By Adrianne Appel
Software company Qualtrics disclosed the discovery of a material weakness in its internal control over financial reporting for the 2022 fiscal year.
2025-10-15T19:16:00Z By Ruth Prickett
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...
2025-10-07T20:32:00Z By Jaclyn Jaeger
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
2025-07-21T14:13:00Z By Aaron Nicodemus
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.
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