Tammy Whitehouse

Auditors are arming up to be more proactive in the escalating cyber-war, but this year they’re still limiting their focus to financial statement risk. Tammy Whitehouse has more.

Rising audit costs of the past few years have not yet leveled off, based on the latest data on audit fees, with companies reporting a 9.16 percent rise in audit costs from 2014 to 2015. Tammy Whitehouse reports.

Another study confirms audit committees are trying to raise the bar in terms of how much they tell investors about their oversight of the external audit. Tammy Whitehouse has more.

FASB’s new consolidation guidance is meant to help companies better determine whether a particular entity should be consolidated to financial statements. More from Tammy Whitehouse.

Tammy Whitehouse has the results of a new report from the Internal Audit Foundation that says one in four practitioners around the world face pressure to suppress or change audit findings.

After another banking scandal, heads are turning to the audit committee for answers. Tammy Whitehouse reports on how audit committees can fix errant corporate culture.

It took exactly seven years to make the charges stick, but a former EY partner accused of shoddy work has finally been named and held accountable for making light of revenue recognition anomalies that led to restatement. The Public Company Accounting Oversight Board initiated action against Mark Laccetti in 2009 alleging audit violations in 2004. […]

Tammy Whitehouse has the results of a fresh survey on revenue recognition that suggests 75 percent of public companies are still assessing how they will be affected with only 14 months to the effective date.

FASB has issued another simplification to accounting rules, this time targeting income taxes. The rule focuses on asset transfers within related entities. Tammy Whitehouse has more.

Final tax regulations on intercompany debt provide some relief, but companies still face a heavy uphill climb to achieve the documentation requirements. Tammy Whitehouse explores.