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Category: Accounting

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Companies’ Accounting Issues Lead to Missed Filing Deadlines

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A few weeks ago, we wrote about the upheaval at Super Micro Computer, a California-based public company that builds computer servers. Amid allegations of accounting irregularities, Super Micro was dumped as a client by auditor Ernst & Y...

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Split with EY the Latest Bad News for Super Micro

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Accounting giant Ernst & Young recently took the extraordinary step of firing one of its clients, Super Micro Computer. A public filing last week by the California-based maker of computer servers revealed EY used remarkably strong langu...

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New Quality Standard Heightens Fears of Accounting Brain Drain

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Fans of Christian Wolff rejoiced earlier this year when news broke that filming had started for the latest installment of the adventures of the autistic CPA and mercenary do-gooder portrayed by Ben Affleck. Nine years after The Accountant f...

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SEC Approves Tougher Standards for Auditor Liability

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The Securities and Exchange Commission has approved a proposal from the Public Company Accounting Oversight Board intended to make it easier for the regulatory agency to hold an individual responsible when that person “directly and substant...

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Dems Join Crusade to Overturn Contentious SEC Crypto Accounting Guidance

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Several House Democrats have thrown their support behind a congressional effort to overturn controversial accounting guidance that affects how regulated banking organizations account for and safeguard their customers’ digital assets. The de...

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