Under the new rules, companies are now required to reconcile any pro forma numbers they use in earnings releases back to generally accepted accounting principles (GAAP).
In addition, companies must also publish a code of ethics on an annual basis; disclose whether or not their board’s audit committee includes a financial expert as defined by the Sarbanes-Oxley Act; limit the ability of senior executives, board members and their immediate family members to sell company stock when employees are blocked from selling; and file all documents containing GAAP results-including earnings releases-as 8-Ks.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements