Sean McKessy spent several years at the SEC building its whistleblower protection program, putting in place an incentive program for paying whistleblowers, and creating a new way for the SEC to break cases.
Tammy Whitehouse
Posted inAccounting & Auditing
New revenue rule immaterial? Don’t overlook disclosure, SEC says
The SEC is warning companies that say adopting new revenue rules will be immaterial to financials: Be sure that includes consideration of disclosures.
Posted inAccounting & Auditing
Survey: Banks not preparing enough for CECL standard
According to a recent survey by RapidRatings and Compliance week, banks are nowhere near ready for FASB’s CECL requirements scheduled to go into effect in 2020.
Posted inAccounting & Auditing
Accounting estimate audit risks get uneven scrutiny, study says
Auditors are scrutinizing the risk of management bias in arriving at accounting estimates, but not so much when it comes to the risk of measurement imprecision.
Posted inAccounting & Auditing
Deloitte offers views on lease accounting questions
Deloitte says it’s hearing enough questions about how to apply the new lease accounting rules it decided to publish a question-and-answer paper to articulate its views.
Posted inAccounting & Auditing
Cindy Fornelli: The auditor’s CCO
Cindy Fornelli leads the Center for Audit Quality, acting as chief compliance officer and stressing the importance of truly proactive and strategic compliance efforts for audit, rather than a check-the-box mentality.
Posted inAccounting & Auditing
Senators press PCAOB for answers on KPMG audit of Wells Fargo
U.S. Senators are asking how KPMG could know Wells Fargo had fake accounts on the books, but not flag it as relevant to the financial statement audit.
Posted inAccounting & Auditing
With attest tool to come, AICPA issues cyber reporting framework
The accounting profession is getting some new tools to deploy in their growing involvement with addressing cyber-risk.
Posted inAccounting & Auditing
Cyber-incident report points out trends for companies to beware
A new report on cyber-security trends gives companies a way to benchmark their cyber-risks against thousands of incidents and breaches globally.
Posted inAccounting & Auditing
BDO 2015 report shows more restatements, withdrawn opinions
Roughly half the audits inspected at BDO USA contained deficiencies in 2015, several serious enough to result in restatements and withdrawn ICFR opinions.
