SEC Fines Company for Failing to Mention That They Paid for CEO’s Lavish Perks (and Some Non-GAAP Stuff, Too)
Normally I'd reserve mis-adventures in non-GAAP accounting for the news roundup, but it's not every day that an SEC order includes this: MDCA is New York-based marketing company MDC Partners and gosh, how do you fail to disclose the cosmetic surgery? Everything else is pretty standard fare as far as extravagant perks go, but if […]
Accounting News Roundup: KPMG’s Blockchain Services and Happy September 15th | 09.15.16
Blockchain Last year, KPMG announced a "strategic alliance" with Microsoft, one of the many instances of a mega professional services firm teaming up with a mega technology company. Today we learn that strategic alliance will now include blockchain things: Global accounting firm KPMG yesterday launched a suite of tools designed to help banks and other […]
That Time One of Donald Trump’s Companies Got in Trouble for Reporting Ludicrously Deceptive Non-GAAP Results
Cretinous cheese puff and future American emperor Donald Trump likes to remind people of his long run as a very smart, very successful, very smart and very successful — probably the greatest ever, if he's being honest about it — businessman. There are too many stories to go around about all his WINNING, so to […]
Groupon CFO’s Defense of Sketchy Accounting Does Not Impress
Our favorite accounting fusspots, Tony Catanach and Ed Ketz have responded to the response of Groupon's CFO Jason Child who refuted the Grumpies' claims that the company's 4th quarter numbers weren't worth the paper they were printed on. Staying true to form, Tony and Ed pick apart Child's arguments against their arguments (without actually stating […]