All Accounting & Auditing articles – Page 67
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Blog
Calling out usual audit ills, PCAOB also ponders next steps
While acknowledging audit firms have taken measures to address adverse inspection findings, the PCAOB also is starting to ask if the firms are doing enough.
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Blog
Wells Fargo Securities names co-heads of Investment Banking Coverage
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, has named John Hudson and Kristin Lesher as the new co-heads of Investment Banking Coverage, effective immediately.
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Blog
Biohaven appoints SVP of finance
Biohaven Pharmaceutical Holding Company and its wholly owned subsidiary, Biohaven Pharmaceuticals, has appointed Scott Phillips as senior vice president of finance. He will focus on further advancing Biohaven's infrastructure to support the company's accounting, external reporting and finance capabilities.
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Article
Early revenue adopters report little change to numbers
Early adopters of the new revenue standard are big companies with little change to their reported revenue numbers, but more substantial change to disclosures.
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ArticleAuditors will start listing, describing critical audit matters in 2019
Auditors have been dispatched by the PCAOB and the SEC to begin listing and describing in audit reports where they had the most difficulty in each audit.
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Blog
Offshore tax maneuvers add pressure to tax reform
A new leak of millions of documents revealing the tax avoidance strategies of power players worldwide is putting pressure on the U.S. tax reform movement.
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Blog
Adverse internal control findings tapered off in 2016
For the first time since 2012, a slightly smaller number of companies in 2016 reported adverse findings on internal control, according to a new analysis.
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Blog
Rite Aid names chief accounting officer
Rite Aid has promoted Matt Schroeder to senior vice president, chief accounting officer and treasurer, effective immediately. He will continue to report to Darren Karst, the company’s senior executive vice president, CFO and chief administrative officer.
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Blog
FASB tees up talk on controversial materiality proposal
The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the GAAP concept of materiality.
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Blog
SEC charges Osiris Therapeutics with accounting fraud
The Securities and Exchange Commission this week charged biotech company Osiris Therapeutics and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process.
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Blog
Audit committees advance disclosure in 2017 yet again
Audit committees took it up another notch in the past year in their voluntarily disclosures to investors, according to the latest analysis.
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Article
The evolution of XBRL
XBRL has been the way forward for standardizing the financial data used by companies, regulators, and investors alike. But to understand its future, you first must learn its history.
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Article
Case study: How Aramark reduced its SOX compliance costs
Food-service giant Aramark shares in candid detail its growing pains toward SOX compliance maturity, lessons learned, and how it reduced its costs along the way.
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Article
New accounting rules mean new tools to achieve compliance
Massive new accounting requirements present a strong case for the deployment of new technologies to achieve compliance.
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Blog
Investors urge PCAOB to collect audit firm financials
In a largely symbolic gesture, an investor panel voted to recommend to the PCAOB that it collect audited financial statements from registered audit firms.
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Blog
KPMG makes leadership, governance changes following internal investigation
KPMG International has taken several significant actions—including leadership changes, governance changes, and enhanced quality control procedures in certain areas—following an internal investigation concerning KPMG South Africa’s work on behalf of the politically connected Gupta family.
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Blog
M&A fuels big number of audit errors, analysis finds
Public company audit deficiencies fell for a second consecutive year in 2015, but still cropped up in nearly one-third of all inspected audits, according to a new analysis.
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Blog
Accountants lobby GOP with tax reform wish list
In a letter to Republican party officials, the American Institute of CPAs outlines tax reform priorities and concerns. “If Congress lowers the income tax rates for C corporations, all types of business entities should receive a rate reduction,” it says.
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Blog
SEC approves new audit report format, CAMs and all
In an investor-friendly decision that deputizes auditors with new duties, the SEC has approved to a new rule expanding the public company audit report.
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Article
Where to place tax bets amid reform uncertainty?
As the tax reform debate sputters, companies have some big decisions to make about where to make and hedge their bets when it comes to tax planning.