Data Analytics Gives SEC Enforcement Edge On Earnings
By Elisha Kobre (September 1, 2021, 5:31 PM EDT) -- In a sign that the U.S. Securities and Exchange Commission continues to ramp up its enforcement efforts, the SEC last week in In re: Healthcare Services Group Inc. charged a health care services company and its chief financial officer and controller as part of the Division of Enforcement's Earnings Per Share, or EPS, Initiative.
A Sept. 28, 2020, SEC press release described the initiative as "utiliz[ing] risk-based data analytics to uncover potential accounting and disclosure violations caused by, among other things, earnings management practices." Including last week's action, the SEC has now charged three issuers under the EPS Initiative. ...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!