Tammy Whitehouse

Former KPMG leaders gamed up to two years of inspection results, federal authorities say, but no one will discuss whether those results can or should be corrected.

FASB is churning out guidance on how to account for the Tax Cuts and Jobs Act with a proposed change to accounting standards and a series of questions and answers.

The Department of Justice and the SEC are bringing charges including fraud and conspiracy against former KPMG and PCAOB staff over a leak that compromised inspections.

Recent findings against PwC illuminate audit failures that the PCAOB has been harping on for years, although its ultimate weight on auditors’ duty to find fraud is not yet clear.

Another new study confirms public company audit costs inched upward in 2016, albeit by a smaller amount than in 2015.

The PCAOB released its latest inspection reports for EY and PwC, documenting another year of small change in audit deficiency findings.

Accounting leaders recognize companies will have to be vigilant in fulfilling various disclosure obligations as they transition to new revenue recognition rules.

The FASB has decided it will fast-track a change to accounting rules to allow reclassification of the income tax effects of the recent tax reform law.

Swift SEC guidance on how to book tax reform in year-end financials provides relief, but it’s not a free pass, nor does it answer all accounting questions.