All Accounting & Auditing articles – Page 64
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Blog
Disclosures will be key under new revenue rule, group says
Accounting leaders recognize companies will have to be vigilant in fulfilling various disclosure obligations as they transition to new revenue recognition rules.
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Blog
Wells Fargo still suffering financially from scandals
Wells Fargo is one of the poster children over what can happen when compliance is not taken seriously or perhaps not at all in an organization.
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Blog
FASB plans to change income classification under tax law
The FASB has decided it will fast-track a change to accounting rules to allow reclassification of the income tax effects of the recent tax reform law.
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Article
How FASB can ease the tax law time crunch
While corporate America sorts through the most sweeping change in tax law in more than 25 years, one thing is becoming increasingly clear: Accountants have limited time to determine how financial statements should reflect the new law.
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Article
SEC gives relief from tax reform year-end reporting crisis
Swift SEC guidance on how to book tax reform in year-end financials provides relief, but it’s not a free pass, nor does it answer all accounting questions.
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FASB proposes lease accounting transition relief
FASB proposes a change to the new lease accounting standard taking effect in 2019 that promises to ease the implementation.
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PCAOB names Chief of Staff
Public Company Accounting Oversight Board Chairman William Duhnke has named Francis “Abe” Dymond chief of staff for the PCAOB, effective immediately.
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Blog
KPMG acquires Cyberinc's Global Identity and Access Management unit
Audit, tax, and advisory firm KPMG announced that it has acquired the Identity and Access Management business of Silicon Valley-based Cyberinc, a provider of cyber-security solutions globally.
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Blog
‘CAE Checkup’ evaluates effectiveness of AI-based audit investigations
QuantaVerse has launched a new service, CAE (Chief Audit Executive) Checkup, that enables companies and financial institutions to evaluate the effectiveness of an artificial intelligence (AI)-based approach to audit investigations.
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FASB considers guidance on accounting for tax reform
FASB is considering whether to take up any new rulemaking as a result of the accounting consequences of the Tax Cuts and Jobs Act.
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FINRA sanctions Citigroup Global Markets $11.5M for inaccurate research ratings
The Financial Industry Regulatory Authority has fined Citigroup Global Markets $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations.
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Blog
Kite Realty names new chief accounting officer
Kite Realty Group Trust, a real estate investment trust company, has promoted David Buell to the role of senior vice president, chief accounting officer, effective as of Jan. 1, 2018. He replaces Thomas Olinger, who retired from the company.
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Blog
Ruling against PwC may portend greater auditor scrutiny
A court ruling in a lawsuit brought by the Federal Deposit Insurance Corporation against PwC for its failure to detect a multibillion-dollar fraud may well portend greater skepticism and scrutiny by auditors when looking at FCPA issues.
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Blog
Audit fees creep higher in 2016, study shows
Public company audit fees inched upward again in 2016, based on the latest data available from Audit Analytics.
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ArticleYear in review: 2017
Compliance Week looks back at the last 12 months and offers a glimpse at some of the biggest news stories in compliance, governance, risk, and ethics.
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Blog
PCAOB delivers improved report card on Grant Thornton
Grant Thornton's latest PCAOB inspection report, dating to 2016, shows improvement over prior year results.
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Blog
AuditBoard and Lucidchart announce partnership
AuditBoard, an internal audit automation platform (formerly known as SOXHUB), and Lucidchart, a visual productivity platform, kicked off a partnership this month with the launch of a direct integration that enables AuditBoard users to easily view and update Lucidchart flowcharts within the AuditBoard application.
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Blog
SEC relieves year-end tax reform reporting crisis
With tax reform signed into law, the SEC has issued guidance explaining its expectations with respect to the related financial reporting requirements.
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Article
Tax reform produces tax scramble for public companies
With tax reform a reality, public companies are facing new planning opportunities and new provision and reporting obligations that create a mountain of transition work.
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Blog
Groups propose new structure for global auditing standards
A group of international regulators and financial institutions is proposing a new mechanism to set standards for auditing in global capital markets.