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2 Dec 2004, 5:33 am
[JURIST] The SEC said Thursday that it had filed charges against three former Kmart executives and various other executives of Kmart vendors alleging that these individuals helped Kmart in issuing materially false financial statements by improperly accounting for millions of dollars worth of vendor allowances. [read post]
9 Mar 2009, 7:35 am
[JURIST] The Chinese government has not accounted for hundreds of Tibetan protesters arrested in connection with the March 2008 demonstrations in Tibet [BBC backgrounder], according to a Monday statement [press release] from Human Rights Watch (HRW) [advocacy website], which revealed a thorough review regarding the numbers of arrests, detentions, and trials of the protesters. [read post]
12 Feb 2012, 12:12 pm by James Hamilton
The overall objective of the proposed revision is to enable users of financial statements to receive high quality and understandable financial reporting proportionate to the size and complexity of the entity and the users’ information needs. [read post]
   This problem is so serious that FINRA has issued guidance to brokerage firms regarding their obligations to accurately reflect the price the non-traded REITs on customer account statements. [read post]
4 Apr 2024, 1:03 pm by Kevin LaCroix
According to the report, there were 56 securities class action lawsuit filings in 2023 that referenced financial statement restatements or allegations of internal control weaknesses, compared to 51 accounting-related filings in 2022, representing an increase of nearly ten percent. [read post]
30 Jul 2020, 7:30 am
Tax returns, bank statements, credit card statements, business contracts, invoices, mortgage applications, and other documents can all provide clues about hidden assets. [read post]
27 Feb 2009, 1:38 am
Yesterday, they got a new high from Attorney General Eric Holder's statements on the issue:U.S. [read post]
11 Oct 2016, 3:00 am by John Jenkins
– When a company can’t reasonably estimate the impact of adopting the new standards, it should consider providing additional qualitative disclosures about the significance of the impact on its financial statements. [read post]
14 Jan 2022, 8:00 am by George Ticoras, Esq.
At its open meeting, the FEC approved a motion instructing the agency’s staff to expand Form 1 (Statement of Organization). [read post]
30 Jun 2008, 3:34 pm
Statements such as "IFRS is already being used in most of the world's major capital markets," are clearly deceptions. [read post]
16 Sep 2020, 8:04 am by Dan Bressler
These developments illustrate both the utility of the framework set forth in the ABA Statement and the responsiveness of the American Bar Association through the Business Law Section Audit Responses Committee (and predecessor committees) to issues arising under the ABA Statement and changes in accounting and auditing standards and practice. [read post]
24 Aug 2016, 2:36 pm by Roger Stelk
The post Do you need a forensic accountant for your Illinois divorce? [read post]
16 Feb 2021, 1:04 pm by Peter Connors
Whether or not cryptocurrencies are subject to FBAR filing, such holdings may have to be included on the IRS’s Form 8938, Statement of Specified Foreign Financial Assets. [read post]
8 Jan 2018, 1:04 pm by Daniel Anders
The WCRC takes all evidence of drug weaning into account, although in most circumstances the WCRC cannot assume that the weaning process will be successful. [read post]
2 Dec 2019, 8:45 am by Michael B. Stack
While that statement is true about the account handling instructions, if they’re not followed, they’re not worth the paper they are printed on. [read post]
26 Mar 2014, 10:57 am by Ritika Singh
Attorney General Eric Holder released the statement below: This verdict is a major milestone in the government’s unrelenting efforts to pursue justice against those involved with the September 11 attacks. [read post]
26 Apr 2022, 6:52 am by Hunton Andrews Kurth LLP
Companies subject to SAB 121 should review the full text of the guidance and consult with their accountants as they prepare their upcoming financials statements. [read post]