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Tag: accounting

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Back to the Ledger: The SEC Stands Up a Dedicated Accounting Fraud Unit

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The SEC has created dedicated accounting-fraud teams before. It did so in 2013 with a Financial Reporting and Audit Task Force, and again this past spring with a “SOX group” that arrived with little more fanfare than a pair of job listings....

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The SEC Rethinks What—and How Often—Public Companies Must Disclose

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The SEC is floating some of the biggest changes to its regulatory framework in two decades, all aimed at the same goal: making it cheaper and less burdensome to be a public company. The most eye-catching piece asks a question that would hav...

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Tariff Refunds: A Tale of Two Accounting Approaches

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Last month we looked at the prickly issue of how companies are accounting for tariff costs. The accounting questions on the other side of that ledger—what do you do when you might get your money back?—turn out to be equally thorny. After th...

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SEC Weighs in on Tariff Accounting, Just in Time

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Public companies have been asking a critical question since tariffs started reshaping their cost structures, which has largely gone unanswered: how are we supposed to account for all of this? Fortunately, they just received the closest thin...

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A Tax Transparency Reckoning: Are Corporate Tax Disclosures Entering a New Era?

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As outlined in a new Intelligize report, The New Disclosure Challenge: Income Taxes, ASU 2023-09 and Investor Expectations, the Financial Accounting Standards Board’s issuance of ASU 2023-09 is recalibrating how public companies report rate...

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