All Accounting & Auditing articles – Page 65
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Blog
PCAOB fines Grant Thornton over audit, partner failures
The PCAOB has extracted a $1.5 million settlement from Grant Thornton over allegations of audit and quality control failures around engagement partner performance.
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Blog
Could companies get relief from tax reform year-end reporting?
With tax reform nearly law, the focus for public companies is shifting to whether companies might get some relief from enormous year-end reporting burdens.
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New report on Deloitte shows no change in audit findings
Audit regulators found problems with 24 percent of the audits they inspected at Deloitte in 2016, the same number inspectors flagged in 2015.
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ArticleLease accounting relief will ease adoption—but only a little
With work winding down to get ready for the massive shift in how to recognize revenue, the next major accounting change exercise still awaits—lease accounting.
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Blog
Marsh & McLennan Companies chief accounting officer to retire
Marsh & McLennan Companies, a global professional services firm, announced the appointment of Stacy Mills as vice president and controller, effective Jan. 1, 2018. In this role, Mills will serve as chief accounting officer and report to Chief Financial Officer Mark McGivney.
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Tax reform deal will set reporting scramble in motion
With a tax reform package all but complete, experts are alerting companies to get their tax records in order to prepare for a flurry of year-end transition activity.
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Announcing the FINRA Institute at Georgetown
The Financial Industry Regulatory Authority and Georgetown University’s McDonough School of Business have announced a partnership to deliver the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional(CRCP) Program in Washington, DC.
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SEC appoints all new board to lead PCAOB in 2018
The SEC is cleaning house at the Public Company Accounting Oversight Board, appointing five new board members to take over the reins beginning in January.
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Blog
Delayed inspection reports will show plateau in audit improvements
When reports begin to emerge on the latest inspection findings for the major audit firms, they will show no broad, appreciable improvements over the prior year.
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Article
Time runs out on getting ready for new revenue recognition
With little time remaining to prepare for a wholesale change to revenue recognition, accounting leaders share some final insights to help companies wrap it up.
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Blog
Columbia Sportswear names chief accounting officer
Columbia Sportswear Company announced that Melissa Dugan has joined the company as vice president, chief accounting officer. She will report to Chief Financial Officer Jim Swanson.
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SEC says it will respect well-reasoned revenue judgments
The SEC has signaled it doesn’t plan to pick apart the many detailed judgments they must exercise as they follow new revenue recognition rules beginning next year.
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Auditors get guidance on altering audit report
Auditors have some new guidance from the PCAOB about how to begin revising their audit reports to reflect new requirements that take effect this year-end.
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Blog
SEC halts initial coin offering, calling it fraud
Companies can expect no new guidance from the SEC anytime soon on digital currencies, but they can expect its enforcement arm to act if it sees indications of fraud.
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Article
Companies advised to stay alert to non-GAAP issues
The regulatory furor over non-GAAP reporting may be diminishing, but the need for continued corporate vigilance on proper use of non-GAAP measures is not.
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Blog
Celadon Group names chief accounting officer
Celadon Group, a truckload shipping compay, has appointed Vincent Donargo as vice president and chief accounting officer.
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Blog
SEC Division of Corporation Finance Chief Accountant to leave agency
The Securities and Exchange Commission announced that Mark Kronforst, chief accountant of the SEC’s Division of Corporation Finance, plans to leave the SEC in early January.
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Blog
Heska names chief accounting officer
Heska, provider of advanced veterinary diagnostic and specialty products, has promoted Catherine Grassman to vice president, chief accounting officer and controller, following the departure of Vice President and Chief Financial Officer John McMahon.
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Blog
FASB agrees to simplifications to ease into new lease rule
The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.
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IRS prepares to assess penalties under Obamacare
With Obamacare still intact, the IRS plans to begin assessing penalties on companies that failed to meet their obligation to provide coverage to employees.