Tammy Whitehouse

As the Securities and Exchange Commission continues its focus on use of non-GAAP accounting measures, accounting experts are advising companies to take a look at their internal controls and assure they are appropriate. Tammy Whitehouse reports.

Laura Phillips is in the trenches trying to help key capital market players understand why so many public companies sense a misalignment between how audits and managers deal with internal controls. Tammy Whitehouse gets the inside track.

It’s not just regulators or professional associations calling the internal audit profession to transformation. Even chief audit executives in the trenches recognize the internal audit function needs to evolve to remain relevant, according to a recent Deloitte study that surveyed 1,200 CAEs worldwide to get a pulse on the state of internal audit. Tammy Whitehouse reports.

For companies still struggling to get their arms around financial compliance, especially with respect to internal control over financial reporting, technology may provide the answer, according to the Financial Executives Research Foundation. Tammy Whitehouse reports.

Tammy Whitehouse explores new guidance and intelligence that has emerged recently on how internal audit can raise its game in the face of rising regulatory expectations and market demands.

Is the cure worse than the disease? That’s what some compliance officers are wondering as inline XBRL, a method to help facilitate the harmonization between XBRL and HTML formats for machine-readable financial data, might just be adding one more complication to an already complicated process. Tammy Whitehouse has more.

As inspectors are fanning out this year to scrutinize 2015 financial statement audits, they are looking for all the usual problem areas that have plagued audit firms the past few years, but they’re also looking at economic risks and how well auditors have observed a new standard on related-party transactions. Tammy Whitehouse reports.

A pair of recent white papers by Big 4 firms suggest transformation for the internal audit profession is far from finished. In, fact, some of the biggest changes in store for the profession may still be around the bend. EY focuses its attention specifically on internal auditors in financial services, where regulators and standard setters […]

The International Forum of Independent Audit Regulators has adopted a memorandum of understanding around how audit regulators will cooperate in exchanging information for audit oversight purposes. Tammy Whitehouse has more.

The federal government is trying to close a $40B tax loophole big enough to completely fund NASA twice every single year. But the way it’s doing it is causing some major corporate pushback. Tammy Whitehouse reports.