Tammy Whitehouse

Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.

The newest internal audit will suggest chief audit executives need to focus on developing talent to meet a mandate regarding fast-paced changes in business risks.

M&A deals could become a little more complicated this year as a result of changes in accounting standards and complexity around what needs to be reported.

A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.

Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.

After approving a new standard for how to account for hedges in financial statements, now FASB is hearing requests for clarifications and technical corrections.

Accounting activity at publicly held financial institutions apparently is picking up to prepare for new requirements for the recognition of loan losses.

COSO is looking for feedback on draft guidance regarding how its ERM framework can be used to manage risks in environment, social, and governance areas.

Auditors will show some deference to judgment calls when the CFO of the client company is an alumni of the audit firm, according to emerging academic research.