Tammy Whitehouse

Courtesy of COSO, companies have a new risk framework to consider that has the potential to drive a new risk mindset deeper into the organization.

A PwC analysis shows about half of Fortune 500 companies expect revenue recognition changes to be immaterial, but nearly 20 percent are still evaluating.

After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest PCAOB inspection report.

Half of public company board members say critical audit matters will not make audit reports more useful to investors, but instead will make their jobs more difficult.

FASB has completed its annual update to the GAAP taxonomy and has added a new taxonomy for companies to consider addressing international standards.

Companies have yet another new accounting standard from the Financial Accounting Standards Board to adopt, but this time they can’t wait to get started.

COSO has released its newly revised enterprise risk management framework, giving companies a new tool to consider in building out their ERM approaches.

Academics say they have identified a link between internal control weaknesses and later revelations of fraud, lending fresh support to key provisions of SOX.

Based on its latest round of audit inspections in 2017, the PCAOB found some improvement at some firms, but still plenty of work to do to meet standards.