Topic: Corporate Accounting

Kony 2012: Director of video agrees with critics (+video)

Kony 2012: The ICC chief prosecutor praised the Kony 2012 video Monday. The director of the Invisible Children viral video agrees that he 'oversimplified' the issues.

America owes $10 trillion! No, $50 trillion! Let me explain.

Estimates of America's debt vary by tens of trillions of dollars, depending on how you count. The bottom line: It's deep but not yet fatal. 

Natural gas: Shale firms' balance sheets raise 'red flags'

Natural gas shale companies' financial statements don't add up, says Dallas Fed advisory member. Companies have high leverage, little cash, and very low estimates for natural gas extraction, she says.

15 questions for Elena Kagan

Supreme Court nominee Elena Kagan started answering questions from senators today. Here's what she can expect.

Sarbanes-Oxley provision ruled unconstitutional

Sarbanes-Oxley's national board that monitors auditors of public companies violates the Constitution's separation of powers requirement, the Supreme Court ruled Monday.

Supreme Court rules for president in separation of powers case

The Supreme Court ruled Monday that a board overseen by the Securities and Exchange Commission operated under rules that violated the Constitution's separation of powers clause.

The real cost of US debt

At least $8.3 trillion of the national debt is missing from the government’s books.

Fraud on Wall Street: Where has SEC been?

In the wake of recent confirmation that Lehman Brothers' balance sheet was bogus, the Securities and Exchange Commission has announced it will look into the accounting practices of two dozen other financial firms.

Can Congress create agencies insulated from White House control?

The US Supreme Court is considering whether an oversight board created by Congress intrudes on executive branch authority - the latest battleground in the dispute over separation of powers.

Before AIG bonuses debacle, a shift toward lower executive pay

Many moves were already under way to change the compensation culture.

AIG is the new Enron

Recessions expose financial scandals

Bernard Madoff's Ponzi scheme isn't the only scam uncovered during tough economic times.

Efforts to regulate 'Wild West' markets are long overdue

Moves by the Fed and the Treasury to prop up mortgage giants are a welcome sign.