September 25, 2022

Accounting News Roundup: Apple’s Taxes and Companies Get the Hint re: Non-GAAP Metrics | 12.16.16

Apple's taxes

Earlier this year, the European Union said that Ireland had given Apple unfair treatment and that the company owed 13 billion euros. Bloomberg has a good article on what happened behind the scenes, focusing on the work of the EU's "Maxforce," the group behind the investigation. "You’d think it might have earned the name by applying maximum force while investigating alleged financial shenanigans. It didn’t. It’s just led by a guy named Max." 

Adventures in non-GAAP accounting

Compliance Week reports on a new study from Audit Analytics that found lots of companies changing how they displayed their non-GAAP metrics in communications with investors. Prior to the update from the SEC in May, over 200 companies gave more prominence to non-GAAP measurements over the GAAP ones. After the new rules were issued, only 28 companies didn't get the hint.

How's Weatherford International doing?

The energy services company that's had more than its fair share of unflattering news named Christoph Bausch its new CFO.

ICYMI: PCAOB budget edition

The SEC approved the PCAOB's budget of $268.5 million. That's up from $257.7 million last year.

Previously, on Going Concern…

I wrote about accounting firms giving people cheap, crappy gifts. And Accountingfly reminded everyone that there's still time to find a new job this year.

In other news:

Get the Accounting News Roundup in your inbox every weekday by signing up here.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Monday Morning Accounting News Brief: PCAOB Arrives in Hong Kong; EY Evaluates Culture; Good Luck Hiring, IRS | 9.19.22

The Wall Street Journal talks about why the IRS is not going to have an easy time recruiting in this market. A review of EY’s practices after a staff member’s suicide will look at “workplace culture, healthy work practices and psychological safety” and be conducted by an external expert. Teams of PCAOB inspectors arrived at […]

an orange cat with an alarm clock

Monday Morning Accounting News Brief: Dissecting the Talent Shortage; Big 4 Culture Kills; Are You Happy? | 9.12.22

A deal announced early this month by House Democrats for years of Donald Trump’s financial records allows his former accounting firm (Mazars) to interpret how to satisfy a congressional subpoena that was narrowed down by a federal appeals court in July, according to a settlement filed late Friday. The Denver Post wrote about the accountant […]