4 Enforcement Actions Highlight SEC's Focus On Earnings

By Lori Echavarria ( October 13, 2020, 6:19 PM EDT) -- In the last three days of the U.S. Securities and Exchange Commission's fiscal year, the SEC announced four corporate settlements involving alleged improper earnings management. The SEC's Division of Enforcement also disclosed that two of these settlements arose out of an Earnings Per Share Initiative — a risk-based data analytics initiative designed to discover accounting and disclosure violations related to earnings management....

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