New risks are emerging in intercompany accounting as regulators worldwide sharpen their focus on cross-border transactions among related entities. Read more from Tammy Whitehouse.
Tammy Whitehouse
Posted inAccounting & Auditing
Companies get new rules to govern cash flow classification
FASB has approved a new Accounting Standards Update meant to clear up inconsistencies in how companies classify cash payments and receipts on the cash flow statement. Tammy Whitehouse has more.
Posted inAccounting & Auditing
Will new lease accounting lead to less leasing?
Accounting experts are beginning to discuss whether companies might change their leasing strategies when they are required to add leases to balance sheets. Tammy Whitehouse reports.
Posted inAccounting & Auditing
IFAC calls on G-20 to support international standards
The International Federation of Accountants is pitching the G-20 to make a plug for international accounting and auditing standards when they meet in September. Tammy Whitehouse reports.
Posted inAccounting & Auditing
Congress presses Treasury for relief on Section 385 proposal
Ranking Republicans are pressing the U.S. Treasury to rework its fast-tracked, inversion-attacking proposal that would assign debt treatment to common corporate transactions. Tammy Whitehouse has more.
Posted inAccounting & Auditing
As SOX costs persist, companies automate more controls
To cope with cost increases and ongoing audit demands, companies are turning to technology to automate more of their SOX internal control. Tammy Whitehouse explores further.
Posted inESG/Social Responsibility
Alison Taylor: A just and sustainable world
Alison Taylor is passionate about helping organizations understand how they can improve their ethical, governance, compliance, and operational existence to create organizations that aren’t just good at being better, but are also better at doing good.
Posted inAccounting & Auditing
Intercompany accounting woes tallied in new poll
Only a small fraction of companies have strong intercompany accounting, but an onslaught of new tax regulations is giving new reason to get it under control. Tammy Whitehouse has more.
Posted inAccounting & Auditing
Audit inspections show some gains in internal control
The PCAOB is encouraged by improvements it sees in audit inspections in internal control, but the agency is still troubled by the nature of the problems it identifies. Tammy Whitehouse reports.
Posted inAccounting & Auditing
Service organizations aren’t sure of their assurance to third parties, poll suggests
A Deloitte poll of 2,700 participants says 17 percent believe the amount of requests for assurance reports or compliance questionnaires are too numerous to count. Tammy Whitehouse reports.
