Tammy Whitehouse

With no explicit guidance in GAAP on how to account for business done in digital currency, Big 4 firms are starting to arrive at conclusions of their own.

Public companies are roughly tripling their revenue-related disclosures to comply with the new revenue recognition standard, according to a new analysis.

International regulators are developing a broad proposal to call for improvements in audit committee oversight of external auditors.

The PCAOB is preparing to issue new proposals in the fourth quarter on auditing accounting estimates and using the work of specialists.

A new requirement for companies to adopt some new XBRL technology will produce different levels of compliance burden depending on how companies are complying now.

Companies have some new guidance on how to account for contributions they receive and make that are not clearly governed by revenue recognition rules.

PwC has been ordered to pay the FDIC $625.3 million as a result of a long-running accounting fraud that caused the 2009 failure of Colonial Bank.

A Supreme Court decision in a state sales tax case removed long-standing case law that told state governments they could only collect sales tax on commercial activity within their state borders from sellers that had a physical presence within those borders.

The SEC will require companies to integrate their XBRL and static financial statement data into a single filing beginning in 2019 for the largest entities.

COSO has published an addendum to its ERM framework to illustrate examples of how to apply the framework to real situations.