All Accounting articles

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    e-Book: Finance Automation: Thriving in the Age of Change

    2022-06-13T11:53:00Z Provided by

    While most accounting teams have replaced their manual accounting practices with an updated, digital version, many are still following the old rules, such as close-related tasks being completed on a certain day of the month.

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    White paper: 6 Ways to Improve Audit Readiness

    2019-12-13T08:10:00Z Provided by

    Even for the best-prepared accounting teams, the annual audit can be a time of immense anxiety and sometimes frustration. Between client and audit team miscommunication, haphazard PBC lists, fluctuating trial balances, and the simple fact that the in-house accounting team has already moved on to a new fiscal year, it’s ...

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    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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    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.

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    AuditBoard, DLA partner to provide SOX compliance and audit solutions


    AuditBoard, a provider of enterprise audit management software, and David Landau and Associates (DLA), a management consulting firm, announced a strategic partnership to help companies automate their risk compliance processes.

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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.

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    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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    Radius introduces Global Compliance platform


    Radius—a firm that helps companies expertly plan, execute, and manage international operations worldwide—has introduced Global Compliance, a new application that provides total visibility into each client’s unique compliance calendar so they can avoid surprises associated with corporate taxes, financial reporting, indirect taxes and other obligations.

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    Audit tensions often precede control weaknesses, study says


    If tensions are rising between a given company and its external auditor, there’s a greater chance the company will be reporting internal control weaknesses.

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    SEC charges Penn West Petroleum with accounting fraud


    The Securities and Exchange Commission has charged a Canadian-based oil and gas company and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud.

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    Allstate appoints chief accounting officer


    Allstate has appointed Eric Ferren to serve as senior vice president, controller, and chief accounting officer, effective May 14. Ferren will succeed Samuel Pilch, controller and principal accounting officer.

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    Cyber-incident report points out trends for companies to beware


    A new report on cyber-security trends gives companies a way to benchmark their cyber-risks against thousands of incidents and breaches globally.

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    Wolters Kluwer reaches agreement on acquisition of Tagetik


    Wolters Kluwer Tax & Accounting recently announced that is has reached agreement on the acquisition of Tagetik for €300 million in cash. The acquisition expands the division’s existing portfolio of corporate tax compliance and internal audit solutions.

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    U.K. Post Office faces group litigation order over IT flaw


    How could a computer error result in postal workers going into debt and going to jail for financial shortfalls that never actually occurred? Sub-postmasters are joining a group legal action against the U.K. post office for fraud accusations.

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    Wolters Kluwer Tax & Accounting launches TeamMate+


    Wolters Kluwer Tax & Accounting recently announced the launch of TeamMate+, an intuitive, easy-to-use audit power tool that delivers a modern and streamlined approach to effective and efficient internal audits.

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    Orthofix to pay $15M for accounting failures and FCPA violations


    Medical-device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million to settle SEC charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales. Jaclyn Jaeger reports.

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    Scardino Named Global Controller, CAO at Walgreens Boots Alliance


    Walgreens Boots Alliance has named Kimberly Scardino as its new senior vice president, global controller, and chief accounting officer. Scardino joins the company from American Express Company, where she was senior vice president, business advisory controller.

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    Follett Joins Weaver’s Quality and Risk Management Group


    Tim Follett has joined Weaver, the largest independent accounting firm in the Southwest, as an assurance partner in the firm’s quality and risk management group. He will focus on developing tools, resources, guidance, policies and processes associated with firm compliance, risk management, administration and operations.

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    CyrusOne Appoints Amitabh Rai as Chief Accounting Officer


    CyrusOne, a provider of data center properties, has announced the appointment of Amitabh Rai to its leadership team as senior vice president and chief accounting officer. He will be responsible for managing the company’s corporate accounting and financial reporting functions and will report to Kimberly Sheehy, chief financial and administrative ...

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    Hertz Restatement Drives Home Top-Level Control Issues


    Image: Car rental kingpin Hertz Corp. is nearly finished with its sweeping restatement of several years’ worth of financial statements, and it’s giving compliance and audit executives plenty of cautionary tales to read. Its latest annual report outlines—in frank detail—more than a dozen failures, most of them in senior leadership. ...