Tammy Whitehouse

Big changes in tax and accounting rules should produce big changes in goodwill impairment testing this year, according to a new report from Mercer.

The accounting may be simpler under a new standard on hedging, but that doesn’t mean the transition is any simpler than for any other accounting change.

Banks are asking Treasury to intervene on CECL and delay it, worried implementation will threaten financial stability in a future recession.

A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.

The SEC has put companies on notice that their internal controls need to consider the risk of cyber-attack, especially e-mail “phishing” scams.

Two new enforcement actions give audit committees some textbook reminders to keep tabs on auditors regarding their compliance with professional standards.

The Q4 dash to new lease accounting is on, and it’s looking like some companies will not flip the switch to new systems by the Jan. 1 effective date.

Despite assumptions that companies would flock to simpler accounting, most are holding back in adopting new hedge rules.

KPMG has appointed an independent member to its U.S. board, only the third such appointment across the entire Big 4.