Category: Accounting
SubscribePPP Presents PR, Accounting Pickles for Public Companies
Shake Shack is one of America’s favorite guilty pleasures. But it turns out the Shack isn’t immune to feeling some guilt itself. Last week, it returned a $10 million loan it had ordered from the Paycheck Protection Program (PPP). After disc...
Read MoreAs Comment Letters Decrease, SEC Keeps Focus on Non-GAAP Accounting
If you’re seeking evidence of the Securities and Exchange Commission’s deregulatory bent in the Trump administration, look no further than the number of comment letters being issued by the agency each year. Since Jay Clayton took over as ch...
Read MoreIntelligize Report: Unicorn IPOs Offer Rainbow of Storylines
Last year at this time, Intelligize published its first-ever report on unicorn IPOs. Now we’re releasing our second edition, and like the sequel to a hit movie, this one features bigger names, more funding, and better special effects. Okay,...
Read MoreRegulators Getting Bad Vibes From Goodwill
The balance sheets of public companies currently hold $5.5 trillion in assets lumped under the heading of goodwill. The term, which connotes feelings of cheer and good tidings, is accounting speak for the difference between the purchase pri...
Read MoreCompanies Less Likely to Do “Big R” Financial Restatements
Back in the early 2000s, seemingly mild-mannered corporate executives such as Kenneth Lay and Bernie Ebbers came to be known as some of the world’s most notorious supervillains. They weren’t hatching elaborate, cinema-style plots to achieve...
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