The SEC’s top accountant is warning of heightened fraud risk amid recession fears and a market selloff
Wall Street’s top watchdog is warning that the market selloff and fears of a recession could encourage more companies to cook their books, and it is pressuring auditors to catch them.
“The current economic environment is subject to significant uncertainties and, historically, that oftentimes leads to heightened fraud risk,” Paul Munter, acting chief accountant at the Securities and Exchange Commission, said in an interview. “So we are trying to be proactive and speak to the marketplace.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | Alabama’s Three Largest Newspapers to Stop Printing Next YearOne of the nation’s biggest publishers has decided to stop printing Alabama’s three largest newspapers next year and make them digital-only, the latest in a long string of local paper closures across America.
Weiterlesen »
WSJ News Exclusive | Gucci Owner Kering in Advanced Talks to Acquire Tom Ford, Sources SayGucci owner Kering is in advanced discussions to buy fashion brand Tom Ford, according to people familiar with the matter. The French luxury giant has been competing for closely held Tom Ford with rivals including Estée Lauder.
Weiterlesen »
WSJ News Exclusive | General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter AdsA growing list of brands have paused their Twitter ads since Elon Musk's takeover, including General Mills, Audi and Pfizer, people familiar with the matter say
Weiterlesen »
WSJ News Exclusive | Penthouse on Billionaires’ Row in New York City Sells for $72 MillionA mystery buyer has paid $72 million for a full-floor penthouse at 220 Central Park South in New York City in one of the priciest real-estate deals this year
Weiterlesen »
WSJ News Exclusive | Instacart to Give First Companywide Cash Bonus After Delaying IPOInstacart will pay out its first companywide cash bonuses starting in December, people familiar with the matter said, as the grocery delivery provider aims to motivate staff after delaying its initial public offering
Weiterlesen »