Accounting & Auditing

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SEC building

Vale to pay $55.9M in SEC settlement over dam disclosures


Brazilian mining company Vale agreed to pay $55.9 million to settle Securities and Exchange Commission charges it issued false and misleading statements regarding the safety conditions of its dams.

Big Four client turnover 2023

Audit client turnover 2022: Deloitte gains among Big Four, Marcum biggest winner


Deloitte was the only Big Four audit firm to net positive in new public company clients in 2022, while Marcum saw the largest overall gains a year removed from losing 110 clients, according to the latest annual study.


Friedman latest fined in PCAOB crackdown on unregistered auditor use


Friedman agreed to pay a $100,000 penalty to settle charges by the Public Company Accounting Oversight Board it over-relied on the work of unregistered Chinese firms across 12 public company audits.


Veradigm discloses ICFR weakness related to rev rec software tool


Healthcare technology company Veradigm disclosed it expects it misstated revenue by approximately $40 million during its 2021 and 2022 reporting periods.


PCAOB appoints Robert Rice new director of enforcement division

2023-03-22T17:50:00+00:00By CW Staff

The Public Company Accounting Oversight Board announced Robert Rice would succeed Mark Adler as head of enforcement and investigations.


SEC chief accountant eyeing auditor use of network member firms


The Securities and Exchange Commission is paying added scrutiny toward audit firms’ increasing use of network affiliates in their work and the potential for inconsistent quality that comes with such an approach.

Tupperware Brands

Tupperware to delay annual report amid ICFR weaknesses


Tupperware Brands Corp. disclosed it uncovered material weaknesses in its internal control over financial reporting as part of an announcement its 2022 annual report would be delayed.

ESG money

Accounting and reporting challenges of environmental credits


Companies are working on plans to reduce their carbon emissions. The popularity of environmental credits has grown as a way for companies to meet their emission reduction targets.