Early adopters of the new revenue standard are big companies with little change to their reported revenue numbers, but more substantial change to disclosures.
Tammy Whitehouse
Auditors will start listing, describing critical audit matters in 2019
Auditors have been dispatched by the PCAOB and the SEC to begin listing and describing in audit reports where they had the most difficulty in each audit.
Offshore tax maneuvers add pressure to tax reform
A new leak of millions of documents revealing the tax avoidance strategies of power players worldwide is putting pressure on the U.S. tax reform movement.
Adverse internal control findings tapered off in 2016
For the first time since 2012, a slightly smaller number of companies in 2016 reported adverse findings on internal control, according to a new analysis.
FASB tees up talk on controversial materiality proposal
The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the GAAP concept of materiality.
Audit committees advance disclosure in 2017 yet again
Audit committees took it up another notch in the past year in their voluntarily disclosures to investors, according to the latest analysis.
New accounting rules mean new tools to achieve compliance
Massive new accounting requirements present a strong case for the deployment of new technologies to achieve compliance.
Investors urge PCAOB to collect audit firm financials
In a largely symbolic gesture, an investor panel voted to recommend to the PCAOB that it collect audited financial statements from registered audit firms.
M&A fuels big number of audit errors, analysis finds
Public company audit deficiencies fell for aย second consecutive year in 2015, but still cropped up in nearly one-third of all inspected audits, according to a new analysis.
SEC approves new audit report format, CAMs and all
In an investor-friendly decision that deputizes auditors with new duties, the SEC has approved to a new rule expanding the public company audit report.


