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Tag: accounting

escalators in department store

Compensation Clawbacks Begin to Take Hold in Corporate America

escalators in department store

Macy’s Inc. filed its annual proxy statement this year on April 1, also known as April Fools’ Day. Unfortunately for some of the New York-based department store chain’s executives, the company wasn’t joking when it disclosed a portion of th...

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measuring tapes

FASB Eyes Standardizing Key Performance Indicators

measuring tapes

As part of its process to narrow priorities for 2025, the Financial Accounting Standards Board in November invited stakeholders to weigh in on whether certain financial key performance indicators – better known as KPIs – should be standardi...

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stars dangling from string

Accounting Errors Dim Holiday Outlook for Macy’s, Other Companies

stars dangling from string

From jolly television personality Al Roker cruising around New York City during the retailer’s annual Thanksgiving Day Parade to the Christmas classic Miracle on 34th Street, few brands have a stronger association with the holiday season th...

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Companies’ Accounting Issues Lead to Missed Filing Deadlines

person walking away

A few weeks ago, we wrote about the upheaval at Super Micro Computer, a California-based public company that builds computer servers. Amid allegations of accounting irregularities, Super Micro was dumped as a client by auditor Ernst & Y...

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axe splitting wood

Split with EY the Latest Bad News for Super Micro

axe splitting wood

Accounting giant Ernst & Young recently took the extraordinary step of firing one of its clients, Super Micro Computer. A public filing last week by the California-based maker of computer servers revealed EY used remarkably strong langu...

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