All Accounting & Auditing articles – Page 62
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Blog
FASB fixes financial instruments, proposes fix to cloud costs
FASB has finalized some technical corrections to its standard on financial statements and proposed new guidance on accounting for certain cloud computing costs.
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Chief accounting officer at Oaktree Capital leaving
Susan Gentile, chief accounting officer at Oaktree Capital, has announced her resignation from the company, effective March 23, to pursue other career opportunities.
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Australia rolls out real-time payments
Australia has publically launched its New Payments Platform, a landmark payments industry initiative designed and constructed to fundamentally improve how consumers, companies, and governments transact with one another.
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Deloitte settles claims tied to mortgage lender collapse
Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.
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Newest IIA study will focus on transformation of internal audit
The newest internal audit will suggest chief audit executives need to focus on developing talent to meet a mandate regarding fast-paced changes in business risks.
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Article
In M&A, SEC hints at relief over accounting rule differences
M&A deals could become a little more complicated this year as a result of changes in accounting standards and complexity around what needs to be reported.
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Article
Are U.K. businesses ready for PEPPOL?
A new pan-European standard for public procurement should alleviate a lot of financial administration, but only for those ready to comply with the standard’s new rules.
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New poll shows strains as companies prepare for lease rules
A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.
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TDS appoints new chief accounting officer
Telephone and Data Systems has appointed Douglas Chambers as senior vice president – finance and chief accounting officer. Chambers will assume this role, effective May 18, from Douglas Shuma, who is retiring after eleven years with the company.
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New SAP solution reduces risks in financial transactions
SAP SE has introduced SAP Business Integrity Screening, an application that helps reduce financial risk within business transactions.
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KPMG poll: Much work remains to be ready for lease rules
Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.
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The evolving role of the financial function in India
A combination of new laws in India to address corruption and other risks is drastically changing how financial services firms operate—especially in regard to accounting—within the country.
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Mercury Systems names chief accounting officer
Mercury Systems, a commercial provider of secure sensor and safety-critical processing subsystems, has named Michelle McCarthy as vice president, chief accounting officer and controller.
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ArticleNew rules accelerate recognition of unredeemed gift cards
Gift card issuers have a new post-holiday-season hangover issue to address this year as they adapt to new accounting rules on how to recognize gift card revenue.
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FASB queues up technical questions on hedging standard
After approving a new standard for how to account for hedges in financial statements, now FASB is hearing requests for clarifications and technical corrections.
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Is IFRS 9 shaking up U.S. activity to adopt CECL?
Accounting activity at publicly held financial institutions apparently is picking up to prepare for new requirements for the recognition of loan losses.
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ERM for ESG risks: Companies have new guidance to ponder
COSO is looking for feedback on draft guidance regarding how its ERM framework can be used to manage risks in environment, social, and governance areas.
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Blog
Auditors defer more to former colleagues, study suggests
Auditors will show some deference to judgment calls when the CFO of the client company is an alumni of the audit firm, according to emerging academic research.
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Article
SEC considers amending auditor independence rules
Has it become unrealistic for some companies to engage truly independent auditors? Exploring that possibility, the SEC may amend its independence rules.
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Seibels names vice president of financial services
Seibels, an IT service management company, has appointed Fiona Cantrell to the newly established role of vice president of financial services.