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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About the Authors

Howard Scheck

Howard Scheck

Howard Scheck, a Partner with StoneTurn, has more than 25 years of experience investigating public company financial reporting issues—including as Chief Accountant in the SEC’s Division of Enforcement. Howard specializes […]

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