Financial reporting

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.

Almost 10 months after scandal shook Archer-Daniels-Midland Co., the commodity-trading giant has yet to sort out its accounting.