A handful of holdouts are still disclosing they comply with SOX internal control reporting requirements by following a defunct COSO framework.
Tammy Whitehouse
PCAOB plans new focus on quality control in inspections
The PCAOB plans to take a much closer look at how firms manage audit quality in 2019, retooling the inspections process to focus on quality control systems.
IIA reviews โthree linesโ model, plans new paper
The Institute of Internal Auditors is performing a new review of the โthree lines of defenseโ model it has long embraced as a basis for sound risk management.
Lease accounting adoption taps corporate resources
The year-end push to adopt new lease accounting is taking more time and more money than companies expected, according to a new poll by EY.
Preparers issue self-driven guides on ICFR over leases, CECL
ICFR guides by preparersย and forย preparersย are meant to help the preparer community develop and document internal controls over leases and CECL adoptions.
EY plans succession as global chairman, CEO resigns
EY says it will name a new global chairman and CEO in January to replace Mark Weinberger, who plans to step down July 1, 2019.
Former Autonomy execs face fraud charges in HP deal
A federal grand jury has delivered indictments against former Autonomy executives in connection with HPโs failed acquisition of the U.K. technology business.
Amazon pushes back on SEC revenue disclosure comment
The SEC is getting some pushback from Amazon over how it breaks up and reports revenue for its different streams under ASC 606.
Former, current KPMG women seek class status in lawsuit
More than 1,100 women who are current and former KPMG professionals are seeking class status for their various allegations of gender discrimination.
FASB proposes updates to financial instrument rules
FASB has issued a proposal to amend rules on three major standards on financial instruments to address clarity and implementation issues.


