Technology is permeating internal control over financial reporting, and one of its pioneers says the transition is possible even without a tech background.
Tammy Whitehouse
No change in audit-non-audit mix in U.S., KPMG says
Amid reports that KPMG is drawing a firmer line between audit and non-audit services in the United Kingdom, the firm has no similar plans in the United States.
Rite Aid shareholders vote against Deloitte as auditor
A sizable chunk of Rite Aidโs shareholders has told the board it would like to dismiss Deloitte and hire a new audit firm.
SEC raises the bar on cyber-security risks
Regulators expect companies to raise their game in protecting the corporate jewels from online hackers, especially in schemes that are not exactly novel.
FEI group provides guides on leases, CECL controls
FEIโs corporate reporting group has developed its own guides for preparers on how to assure sound controls with major new accounting adoptions.
SEC staff plans to scrutinize year-end revenue disclosures
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
Tax rules, market changes may stretch goodwill testing
Big changes in market conditions and tax rules could drive some added rigor into the annual year-end test of goodwill sitting on corporate balance sheets.
Lease accounting adoption still behind, PwC poll says
More than 15 percent of public companies surveyed in late October had not yet begun implementing the new lease accounting standard that takes effect Jan. 1.
SEC wants more Brexit disclosure, Clayton says
As turmoil over the British exit from the European Union deepens, the Securities and Exchange Commission is looking for public companies to start disclosing more about how theyโll be affected.
SEC, FASB members offer no hopes for CECL delay
Amid calls for a delay or changes to CECL, the SEC’s chief accountant is defending the rulemaking process underย FASB and its independence.


