• Cooking the Books: Financial Statement Revisions

    In the current issue of Forbes magazine, accounting watchdog Francine McKenna has written an article about the SEC’s failure to take a hard line on accounting fraud in public companies. Despite all of the high profile accounting frauds uncovered in […]

  • Groupon’s Latest Accounting Problem

    On Friday, the market eagerly awaited the release of Groupon’s (GRPN)10-K, detailing results for the year ended December 31, 2011. Shares were up 3.84% during regular trading hours, but dropped as much as 8% (eventually settling at -5.93%) in after […]

  • Green Mountain Coffee: Accounting Irregularities and Other Concerns

    A couple of weeks ago, David Einhorn bashed Green Mountain Coffee Roasters (NASDAQ:GMCR) in a 110-slide presentation called “GAAP-uccino” at the Value Investing Conference, sending the company’s shares down. The stock opened at $91.66, and closed at $82.50 the day […]

  • Atlanta home builder Beazer restating results

    Beazer Homes USA has completed an internal investigation into accounting problems and will restate its financials from 1999 through 2007. The results of the investigation: Employees in the mortgage unit violated HUD rules on downpayment assistance since at least 2000. […]

  • Accounting Problems at GM; Last Year’s Losses Increase

    The board of directors of General Motors Corp is asking for an investigation into newly revealed accounting errors which have delayed the filing of its annual report. The SEC filing of its 10-K will be delayed because of accounting errors […]