SEC Investigating Green Mountain Coffee – Are Revenue Recognition Disclosures...
MarketWatch posted an article titled Green Mountain’s accounting creates a stir. The article strongly suggests that Green Mountain (NASDAQ:GMCR) “has a history of changing the way it reports...
View ArticleHow to Write a Technical Research Memorandum
While on a recent trip to the Los Angeles area, I had the pleasure to meet Michael Psomas, CPA, President of AuditPrep Services, LLC. Mike and I had “met” on LinkedIn and had spoken once before the...
View ArticleJoel is hitting the road for PCAOB and SEC Conferences
I’m flying to Miami Tuesday morning to attend Wednesday’s PCAOB Forum on Auditing in the Small Business Environment. After that conference concludes, I fly to San Diego for The SEC Institute’s...
View ArticleGenerally Speaking, Don’t Use The Word Generally
Picked up an interesting tidbit in one of the sessions last week at the National SEC Institute’s National SEC Reporting Conference and FASB Forum – don’t use the word “generally” in your cash and cash...
View ArticleSEC Charges Arizona-Based Health Food Company and Former Executives With...
I subscribe to various RSS feeds available from the SEC and saw this one on charges against NutraCea in Arizona. Simple to say: the SEC doesn’t like companies that play games with revenue...
View ArticleSEC Updates Q & A on Smaller Reporting Companies Issues – Part I
The SEC recently updated its Q & A on a variety of other areas related to Regulation S-K, several of which apply to smaller reporting companies. Question 102.01 asks the following: Could a company...
View ArticleHandling of Litigation Contingency Disclosure Facing Greater SEC Scrutiny
Ok I admit it – the blog title is directly lifted from the excellent Journal of Accountancy article on the topic, which I recommend reading. This is a topic that is heating up for SEC issuers. It’s...
View ArticleSEC Announces Agenda and Panelists for Roundtable on International Financial...
The seeming march towards adoption of International Financial Reporting Standards (“IFRS”) continues, as the SEC announces more info on the upcoming roundtable. I have not studied IFRS at all. I know...
View Article