#financial-reporting
#financial-reporting

1 month ago

Judge dismisses investor lawsuit over Intel foundry losses

Intel successfully dismissed a lawsuit over misleading claims about its foundry business, clarifying losses were due to internal operations, not external contract manufacturing.

Supermicro finally files long-delayed 10-K, avoids delisting

Supermicro resolved its accounting issues and submitted its 10-K financial filing, avoiding potential NASDAQ delisting.

fromFlowingData

Business

Macy's lost track of $154m in expenses because of poor metrics

Macy's revealed an internal investigation into a multimillion-dollar scheme manipulating delivery costs, impacting investor trust.

Intellectual property law

4 weeks ago

Boston Celtics

Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses

Macy's executives owe over $600,000 due to an accounting scandal involving inflated earnings.

The scandal resulted in adjustments to Macy's financial metrics significantly lower than previously reported.

1 month ago

Judge dismisses investor lawsuit over Intel foundry losses

Intel successfully dismissed a lawsuit over misleading claims about its foundry business, clarifying losses were due to internal operations, not external contract manufacturing.

Supermicro finally files long-delayed 10-K, avoids delisting

Supermicro resolved its accounting issues and submitted its 10-K financial filing, avoiding potential NASDAQ delisting.

fromFlowingData

Business

Macy's lost track of $154m in expenses because of poor metrics

Macy's revealed an internal investigation into a multimillion-dollar scheme manipulating delivery costs, impacting investor trust.

more#corporate-governance

4 weeks ago

Boston Celtics

Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses

Macy's executives owe over $600,000 due to an accounting scandal involving inflated earnings.

The scandal resulted in adjustments to Macy's financial metrics significantly lower than previously reported.

Juventus

fromBlack & White & Read All Over

1 month ago

Report: Juve's Club World Cup money set to be a fraction of what we first thought

Juventus and other clubs may receive significantly less prize money from the FIFA Club World Cup than initially promised.

A major AI company filed accounts months late and pointed the finger at its Big Four auditor

Supermicro filed its annual reports late, attributing delays to disputes with former auditor EY over financial governance concerns.

fromTechzine Global

Miscellaneous

Supermicro vague on anuual filing, possibly delisted from Nasdaq

Supermicro faces uncertainty with financial reporting and auditor resignation, risking its Nasdaq listing and reflecting broader issues of governance and financial integrity.

Miscellaneous

Supermicro hot-swaps auditor to dodge Nasdaq delisting

Supermicro appointed BDO USA as its new auditor to address compliance issues and avoid delisting from Nasdaq.

A major AI company filed accounts months late and pointed the finger at its Big Four auditor

Supermicro filed its annual reports late, attributing delays to disputes with former auditor EY over financial governance concerns.

fromTechzine Global

Supermicro vague on anuual filing, possibly delisted from Nasdaq

Supermicro faces uncertainty with financial reporting and auditor resignation, risking its Nasdaq listing and reflecting broader issues of governance and financial integrity.

Miscellaneous

Supermicro hot-swaps auditor to dodge Nasdaq delisting

Supermicro appointed BDO USA as its new auditor to address compliance issues and avoid delisting from Nasdaq.

more#supermicro

fromemptywheel

Left-wing politics

Thomas Krause Says Trump Had to Close USAID because of Trump's Poor COVID Management - emptywheel

Trump's recent messaging regarding legal challenges has shown improvement.

#investor-relations

Artificial intelligence

fromMobile World Live

8 months ago

Microsoft restructures to offer AI transparency

Microsoft's financial reporting change aims to clarify AI revenue and improve transparency for investors.

fromBusiness Matters

3 months ago

Business

The Role of Detailed Financial Annual Reports in Business

Financial annual reports are essential tools for assessing a company's overall financial health and performance.

Artificial intelligence

fromMobile World Live

8 months ago

Microsoft restructures to offer AI transparency

Microsoft's financial reporting change aims to clarify AI revenue and improve transparency for investors.

fromBusiness Matters

3 months ago

Business

The Role of Detailed Financial Annual Reports in Business

Financial annual reports are essential tools for assessing a company's overall financial health and performance.

more#investor-relations

fromCardplayer

3 months ago

Poker

Nevada Gaming Revenue Drops For Second Straight Month

Nevada's total gaming revenue decreased 4.2% in November 2024, affected largely by declines in Clark County and the Las Vegas Strip.

Macy's $132 million mystery has auditing experts scratching their heads

Macy's discovered serious accounting errors totaling $132 to $154 million, highlighting failures in internal accounting controls.

Business

fromFortune

A Macy's employee made accounting errors 'intentionally,' hiding up to $154 million in expenses. Now the company's earnings report is delayed

Macy's faces a serious accounting scandal affecting its financial reporting and operational integrity.

fromComputerworld

The Macy's accounting disaster: CIOs, this could happen to you.

Macy's accounting errors highlight severe weaknesses in internal controls and software safeguards within enterprises.

Macy's $132 million mystery has auditing experts scratching their heads

Macy's discovered serious accounting errors totaling $132 to $154 million, highlighting failures in internal accounting controls.

Business

fromFortune

A Macy's employee made accounting errors 'intentionally,' hiding up to $154 million in expenses. Now the company's earnings report is delayed

Macy's faces a serious accounting scandal affecting its financial reporting and operational integrity.

fromComputerworld

The Macy's accounting disaster: CIOs, this could happen to you.

Macy's accounting errors highlight severe weaknesses in internal controls and software safeguards within enterprises.

more#macys

#business-intelligence

Law

New Report: Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms are increasingly challenged by financial reporting demands and the integration of business intelligence.

Law

Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms face growing financial reporting demands, prompting challenges in business intelligence integration, KPI selection, and stakeholder engagement.

Law

New Report: Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms are increasingly challenged by financial reporting demands and the integration of business intelligence.

more#business-intelligence

Law

Why Law Firms Should Take A Closer Look At Business Intelligence

Law firms face growing financial reporting demands, prompting challenges in business intelligence integration, KPI selection, and stakeholder engagement.

fromCardplayer

6 months ago

Poker

Report: IRS Taking Aim At Sports Bettors

Tax revenue from sports gambling is at risk due to widespread non-filing among bettors, prompting potential IRS enforcement actions.

6 months ago

Miscellaneous

Supermarket spots '11 million item mismatch' amid ERP move

Asda found a £21 million discrepancy in stock reports after migrating to a new ERP system, which may affect financial reporting and decision-making.

fromCoindesk

7 months ago

Cryptocurrency

Binance Hires UK-Based Accounting Firm Grant Thornton To Advise on Audits

Binance has hired Grant Thornton to improve its accounting practices and prepare for audits following concerns about previous auditing methods.

Startup companies

fromFortune

7 months ago

Super Micro, an AI darling, postponed earnings while under a short-seller's microscope

Super Micro's stock fell nearly 20% after delaying its fiscal 2024 report, raising concerns about potential financial issues.