Penalty paid for misclassifying tens of millions of dollars of costs, and for 'inadequate' controls missing the error
IT services biz DXC Technology has paid $8 million to settle a dispute with the US Securities Exchange Commission after being charged with making"misleading disclosures" about its non-GAAP financial results.its findings pertain to multiple reporting periods between 2018 until early 2020.
For the uninitiated, non-GAAP results are an alternative way to measure a company's financial health. They do not include non-recurring or non-cash expenses, and are considered a method for analysts and investors to get a snapshot of a business' operations and cash position.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
DWP confirms 8m families due to receive £301 cost of living payment this SpringMore than 686,000 households in Scotland will be eligible for the £301 means-tested payment.
Lire la suite »
Plan to raise lifetime pension allowance to £1.8m won’t work, says IFS bossThe Chancellor’s plans to raise the lifetime allowance on pensions will not be “massively effective” in tempting over-50s back to work, a leading economist has said
Lire la suite »
DWP confirms when more than 8m families will to get £301 paymentAfter confirming the schedule for five cost of living payments through the 2023/24 financial year, the DWP detailed in Parliament last month more detail on the support
Lire la suite »
Emerson: SEC feeding into negative 'It just means more' rep after hires, Alabama situationMorals and decency do exist — but recent decisions and hires feed the agenda that it doesn't, writes SethWEmerson. 'It just means more. It just means too much.'
Lire la suite »
HSBC buys SVB UK for a pound, energy-efficient homes, and hair-styling technologyIan King examines the deal to save the UK arm of Silicon Valley Bank - and speaks to James Edsberg, a banking sector consultant, and one of SVB's customers, Richard Adey, from the British e-scooter manufacturer Taur.
Lire la suite »
Shropshire Fire and Rescue Service to use body-worn video technologyShropshire Fire and Rescue Service are to deploy body-worn video cameras in certain operations over the next few months.
Lire la suite »