All Accounting & Auditing articles – Page 47
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Blog
Deloitte Japan settles $2 million independence charge
Deloitte Japan has agreed to a $2 million penalty to settle charges with the SEC over auditor independence violations.
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BlogMolson Coors recalls bad batch of earnings figures
After discovering a bad batch of accounting, Molson Coors Brewing Co. has restated financials back to 2016 to unravel improperly reported earnings.
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Blog
FASB preps CECL edit to allow more fair value
To make it easier for companies to adopt CECL for credit losses, FASB is considering a change that would permit more use of fair value.
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Blog
EY holds fast to U.S. audit model; PwC silent
EY may be taking steps to draw a broader line between audit and consulting services in the U.K., but the U.S. firm has no such plans. Meanwhile, PwC is silent.
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Blog
LeaseAccelerator app automates testing of leases
Software provider LeaseAccelerator has developed an application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards.
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Article
Earliest revenue restatements fix adoption problems
While most public companies have yet to complete a full year of reporting under new revenue recognition rules, some are already finding reasons to restate.
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Blog
Defense requires auditors to disclose disciplinary actions
Audit firms are only days away from facing a U.S. Defense requirement to provide information on disciplinary proceedings as a condition of winning audit contracts.
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Blog
Companies adjust revenue disclosures, grapple costs
Companies are changing their revenue recognition approach as they move from quarter to quarter, and they’re tallying higher-than-expected costs, poll says
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Blog
FASB tees up CECL issues, but not deferral
The FASB will meet to discern implementation issues associated with CECL, but the possibility of a deferral in the effective date is not on the agenda.
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Blog
FASB considers how to answer CECL proposal
The FASB is reviewing a request from a group of mid-sized financial institutions to revise CECL in a way the board has apparently already considered and dismissed.
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Blog
IOSCO report gives marching orders to audit committees
Securities regulators globally have banded together to call on audit committees to take a fresh look at their role in promoting and supporting quality audits.
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Blog
Grant Thornton forms audit quality advisory panel
Grant Thornton is joining the Big 4 in appointing more leadership to its firm governance to drive more focus on audit quality.
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Blog
SEC settles with 4 companies over prolonged control lapses
Apparently thumbing their noses at internal control requirements, four public companies have now settled charges with the SEC over prolonged failures to maintain ICFR.
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Blog
FASB hears CECL concerns, plans March meeting date
Making no promises about what action, if any, it will take, FASB will meet in March to discuss the CECL standard on credit losses.
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Blog
PCAOB releases KPMG's 2016 report, 3 others
The PCAOB has published its report on KPMG’s scandal-ridden 2016 inspection, along with three other reports, describing high levels of audit deficiencies and mismanagement of quality.
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Blog
Former PCAOB Director of Enforcement joins Akin Gump
Claudius Modesti, former Director of Enforcement at the Public Company Accounting Oversight Board (PCAOB), has joined Akin Gump as a partner in its white-collar defense and government investigations practice in Washington, D.C.
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Blog
CV Sciences appoints new chief accounting officer
CV Sciences, a supplier and manufacturer of hemp CBD products, has appointed Joerg Grasser to the role of chief accounting officer.
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Blog
TransAtlantic Petroleum names new chief accounting officer
TransAtlantic Petroleum, an international oil and natural gas company engage, announced that it has made several changes to its executive management team, including the appointment of a new chief accounting officer, as well as a new general counsel and corporate secretary.
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Blog
EY forms independent audit quality committee
EY has joined the rest of the Big Four in seeking independent consult on audit quality, forming a committee of outside experts to advise firm leaders.
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Blog
Grant Thornton launches lease analytics app
Grant Thornton announced the launch of web-based application LeaseCom Analytics (LCA), designed to help companies adjust to FASB’s new lease accounting standard.