The iconic toy store eliminated close to 15% of corporate employee positions, or an estimated 250 jobs.
Overseas Shipholding Group and its ex-CFO allegedly failed to recognize $512 million in tax liabilities over a 12-year period.
A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.
Cybersecurity is no longer seen as a technology risk but rather as a business-critical financial risk.
The SEC says the drug maker failed to timely inform investors about its merger talks with Salix and Actavis.
The new financial-reporting format comes with some downsides but allows companies to gain efficiency by escaping the need to report in two separate…
The SEC says the bank misreported risk-based capital ratios by excluding about $14 billion in collateralized loan obligations from its calculations.
The SEC also accused the company of failing to maintain adequate internal controls after employees reported their concerns to the ethics board.
More than four in ten (41%) audit committee members say the effectiveness of companies' risk management programs poses the greatest challenge this…
The potential hit of several billion dollars "may further undermine confidence in company management" after its accounting scandal.