All SEC articles – Page 74
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Article
Is it a business or an asset? Companies get new guidance
Companies will have some new analysis to do to assure their accounting for business transactions reflects a new definition of “business” in GAAP. Tammy Whitehouse has more.
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Blog
FASB to host roundtables on defining materiality in GAAP
FASB is hosting roundtable meetings in March to discuss defining materiality in accounting standards, a can of worms it opened in 2015 in connection to disclosures.
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Blog
Second company adopts revenue rule in 2017, this time at a loss
Another aerospace company has early adopted the new revenue recognition standard, and this one says the new accounting will reduced in its reported revenue.
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Blog
Trump's 2-for-1 regulatory rollback won't touch SEC, FASB, PCAOB
President Trump’s 2-for-1 executive order meant to curtail federal regulation apparently will not apply directly to the SEC, FASB, or PCAOB. Tammy Whitehouse reports.
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Blog
Some key cyber-security tips for financial firms
As the SEC and FINRA are taking cyber-security much more seriously, John Reed Stark outlines a few ways in which financial firms can also do more to protect their data.
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Article
SEC still zeroing in on loss contingency disclosures
Recent enforcement actions contain a not-so-subtle reminder to public companies that the SEC is still looking skeptically at legal settlements that blindside investors. Tammy Whitehouse reports.
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Blog
Groups unveil valuation credential to aid financial reporting
With a new professional credential, the valuation profession is raising the bar on how intangible assets should be valued and documented. More from Tammy Whitehouse.
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Blog
SEC: BlackRock removed whistleblower incentives
Without admitting or denying the findings, asset management BlackRock agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards. Jaclyn Jaeger reports.
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Blog
Flap over non-GAAP gets standard setters' attention
The disturbing rise of non-GAAP reporting in 2016 has prompted standard setters to take a closer look at whether changes to current rules are in order. Tammy Whitehouse explores.
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Article
What to expect from Trump’s SEC nomination
President-elect Donald Trump’s pitch to head the SEC is Jay Clayton, a partner with Sullivan & Cromwell. Joe Mont fields reactions and looks for clues on how he might lead the agency.
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White plugs for accounting convergence in parting statement
Outgoing SEC Chair Mary Jo White is urging her successor to prioritize continued improvement and convergence of accounting standards globally. Tammy Whitehouse has more.
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Blog
Greek authorities raid Novartis offices in bribery probe
Novartis is facing a fresh bribery probe, this time in Greece, where authorities there have raided the company’s offices searching for electronic documents and files. Jaclyn Jaeger reports.
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Blog
PCAOB’s reorganized auditing standards rule book takes effect
Now that the calendar has turned to 2017, auditors will be following a new nomenclature with respect to citing auditing standards after a reorganization of the rules has taken effect. Tammy Whitehouse reports.
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Blog
PCAOB publishes views on conflict with China rules
To address how U.S. audit rules intersect with those in China, the PCAOB has published a four-page Q&A to explain its views on why firms subject to its rules should observe them. Tammy Whitehouse reports.
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Blog
General Cable to pay $76M in FCPA case
General Cable today agreed to pay a combined $76 million to resolve parallel investigations with the SEC and Department of Justice related to violations of the Foreign Corrupt Practices Act. The company agreed to pay an additional $6.5 million penalty to the SEC to settle separate accounting-related violations. Jaclyn Jaeger ...
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Blog
IOSCO joins call for disclosure on new accounting standards
International regulators, like SEC in the United States, are calling on companies to give plenty of disclosure about transition to new accounting standards.
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Blog
Hanson resigns abruptly from PCAOB
Jay Hanson, the lone career auditor among U.S. audit regulators, resigned abruptly from his position at the Public Company Accounting Oversight Board. Tammy Whitehouse has more.
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Blog
FASB makes "minor, minor, minor" changes to revenue recognition
FASB has issued the last batch of intended changes to clarify or correct various points raised in the new revenue recognition accounting requirements.
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Blog
Study shows effects of whistleblowers on enforcement
The Man From FCPA Tom Fox explores a recent academic study that found a link between information provided by whistleblowers and “heightened enforcement outcomes.”
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Blog
SEC approves support fee increase to fund PCAOB budget
The accounting support fee that public companies and broker-dealers pay to support audit regulation will rise in 2017 by about 6 percent, based on the PCAOB’s budget. Tammy Whitehouse has more.