New economy companies face SEC probe
As many as 3,000 new economy companies are facing US Securities and Exchange Commission investigations into accounting fraud.
As many as 3,000 new economy companies are facing US Securities and Exchange Commission investigations into accounting fraud.
The financial regulator will be looking for evidence of revenue and profit manipulation, amid fears that investors might have lost as much as $100bn (Pounds 70bn) in the last eight years, due to accounting fraud, according to The Times.
IT and internet companies are expected to bear the brunt of shareholder lawsuits this year, following the collapse of share prices and a fall on the Nasdaq to levels last seen in December 1998.
Many investors feel they were deliberately misled by inaccurate accounting statements made during the IT boom of the late 1990s.
Links
Amazon chief may face insider deal probe
Intel predicts 25% slump in sales
Yahoo chief executive to step down
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleIn the midst of political flux, potential UK entrepreneurs are hesitating to launch new businesses, primarily due to the uncertainty brought about by ...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View article