Public companies have generally been operating under the assumption that certain deliberate actions affecting financial metrics—known as “earnings management”—are acceptable and don’t require disclosure. But the SEC is now focusing on quarter-end transactions or accounting adjustments done primarily or solely by public companies to meet desired financial metrics.
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In Bloomberg Law, former SEC Chief Accountant Howard Scheck, explains why these tactics may put CFOs and their companies at increased risk for SEC enforcement actions and penalties. Learn why companies should update financial reporting fraud risk assessments to ensure they are addressing earnings management.
Click here to read the article on Bloomberg Law.
Howard Scheck, a Partner with StoneTurn, is an accountant and attorney with over three decades of experience leading teams investigating a wide range of financial reporting issues. With deep expertise […]
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