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Accounting & Auditing Update

The "Accounting & Auditing Update" is written by Tammy Whitehouse, a veteran business writer who has been a regular contributor to Compliance Week since 2005. Her work has also appeared in industry journals and periodicals including Journal of Business Strategy, Strategy & Leadership, Compensation & Benefits Review, Inc, Buyside, and myriad others. Whitehouse welcomes questions and comments from readers; she can be reached via e-mail at twhitehouse@complianceweek.com.
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Accounting & Auditing Update Blog
CAMs may drive more management disclosure, dry runs reveal
Tammy Whitehouse | December 10, 2018
A pending requirement for auditors to disclose critical audit matters in their reports may compel management to take a closer look at their own disclosures.
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Accounting & Auditing Update Blog
Report calls out gender disparity among engagement partners
Tammy Whitehouse | September 18, 2018
As audit firms disclose who performs public company audits, gender diversity is emerging as the first major concern regarding audit engagement leadership.
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Accounting & Auditing Update Blog
SOX-related audit costs rise again in 2017, poll says
Tammy Whitehouse | August 9, 2018
Half of the largest public companies saw SOX-related audit costs rise in 2017, driven by regulatory pressure, M&A activity, and new accounting rules.
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Accounting & Auditing Update Blog
CAQ: Control deficiencies not CAMs, but could be tied to one
Tammy Whitehouse | July 24, 2018
A significant deficiency in internal control over financial reporting will not automatically constitute a critical audit matter that auditors will have to disclose under a new auditing standard, but it could suggest auditors will disclose a CAM related to the underlying accounting, said the Center for Audit Quality.
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Accounting & Auditing Update Blog
Reporting improves with KAM disclosures, study says
Tammy Whitehouse | March 13, 2018
After a year of reporting “key audit matters” in audit reports abroad, financial reporting has improved, says a study by a global accounting group.
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Accounting & Auditing Update Blog
Auditors get guidance on altering audit report
Tammy Whitehouse | December 5, 2017
Auditors have some new guidance from the PCAOB about how to begin revising their audit reports to reflect new requirements that take effect this year-end.
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Accounting & Auditing Update Blog
Board members wary of CAM disclosures in audit reports
Tammy Whitehouse | September 12, 2017
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.
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Accounting & Auditing Update Blog
Auditors get new disclosure requirements sure to expand audits
Tammy Whitehouse | June 2, 2017
Auditors have just been handed extensive new disclosure requirements that are largely expected to make public company audits take more time and cost more money.
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Accounting & Auditing Update Blog
CAMs in new audit report would protect auditors, study says
Tammy Whitehouse | September 8, 2016
If the PCAOB requires CAMs, or disclosures of critical audit matters, it will raise doubt in financial statements while protecting auditors from litigation, a new study says.
Displaying 9 results