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Tag: accounting

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Fallout From Accounting Class Actions Could Extend Beyond Issuers

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Although we have ample evidence to the contrary, the idea of an accounting scandal seems strange because it is hard to imagine accountants engaging in scandalous behavior. We picture accountants as meticulous bean counters – hardly the type...

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Uncertainties Abound for Effective ESG Disclosures

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We all know mandatory corporate disclosures are coming for performance on environmental, sustainability and governance metrics. The subject has become the dominant theme in corporate governance today in response to the push by activists, in...

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FASB Issues Proposed Update for Crypto Accounting

smashed can on street

When it comes to regulating cryptocurrency, the federal government for roughly a decade has taken the de facto position of kicking the can down the road. Even though the task of defining what crypto is has flummoxed regulators, that hasn’t...

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SEC Scrutinizing Non-GAAP Disclosures in Financial Statements

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Everybody has at least one of those friends who seem to insist on making everything more complicated than it needs to be. They ask for multiple substitutions when ordering at a restaurant. They try to convince everyone to watch the obscure...

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SEC Taking an Interest in Accounting Enforcement

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The implosions of Silicon Valley Bank and Signature Bank this month may have come as a surprise to KPMG LLP, one of the so-called Big Four accounting firms. Both banks collapsed within two weeks of KPMG signing off on their audits. In the w...

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