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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.
18 results found, filtered by:
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Accounting & Auditing Update Blog
FASB chair dismisses any delay of lease rules
Tammy Whitehouse | December 12, 2018
Amid technology challenges and minor changes to the pending new lease accounting rules, FASB is standing firm on the Jan. 1 effective date.
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Accounting & Auditing Update Blog
Lease accounting adoption taps corporate resources
Tammy Whitehouse | December 4, 2018
The year-end push to adopt new lease accounting is taking more time and more money than companies expected, according to a new poll by EY.
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Accounting & Auditing Update Blog
Lease adoption work will spill into 2019, poll suggests
Tammy Whitehouse | September 28, 2018
Plenty of companies adopting new lease accounting rules for a Jan. 1, 2019, effective date are likely to continue their implementation work even into the first quarter.
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Accounting & Auditing Update Blog
FASB proposes lease rule simplification for lessors
Tammy Whitehouse | August 15, 2018
FASB has taken another step to make the adoption of the huge new standard on lease accounting a little simpler—this time for lessors.
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Accounting & Auditing Update Blog
Angst over lease accounting grows, new polls say
Tammy Whitehouse | August 1, 2018
A pair of new poll results suggest anxiety is growing at public companies that have five months remaining until new lease accounting rules take effect.
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Accounting & Auditing Update Blog
SAB 74 disclosures still lag, PwC analysis shows
Tammy Whitehouse | June 13, 2018
Investors are not getting much warning about assets and liabilities soon to hit corporate balance sheets as companies prepare to adopt new lease accounting rules.
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Accounting & Auditing Update Blog
FASB addresses feedback to lease, hedge proposals
Tammy Whitehouse | April 3, 2018
FASB has reached some preliminary decisions about how it will revise rules on lease accounting and hedging to address implementation questions.
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Accounting & Auditing Update Blog
CAQ offers tips to audit committees on leasing
Tammy Whitehouse | April 3, 2018
The Center for Audit Quality is offering some tips to audit committees on how to query senior management regarding readiness for new lease accounting standards.
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Accounting & Auditing Update Blog
Poll shows lease implementation snafus
Tammy Whitehouse | February 26, 2018
A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.
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Accounting & Auditing Update Blog
KPMG poll: Much work remains to be ready for lease rules
Tammy Whitehouse | February 22, 2018
Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.
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Accounting & Auditing Update Blog
FASB approves change to lease rule; more changes coming
Tammy Whitehouse | January 29, 2018
FASB has finalized a change to the pending new lease accounting standard meant to make it easier for companies to transition to the new requirements.
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Accounting & Auditing Update Blog
FASB agrees to simplifications to ease into new lease rule
Tammy Whitehouse | December 4, 2017
The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.
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Accounting & Auditing Update Blog
SEC comments on leasing expected this year-end
Tammy Whitehouse | November 21, 2017
If history is any indicator, companies can expect the SEC to begin scrutinizing disclosures about the pending new lease accounting requirements at this year-end.
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Accounting & Auditing Update Blog
FASB proposes little fixes to big rules on financial instruments, leases
Tammy Whitehouse | October 3, 2017
FASB is proposing new clarifications to its previously issued standards on the recognition and measurement of financial instruments and on leases.
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Accounting & Auditing Update Blog
FASB plans new expedient for lease accounting
Tammy Whitehouse | August 9, 2017
The Financial Accounting Standards Board is preparing to propose a modification to the pending lease accounting standard to amend the transition guidance.
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Accounting & Auditing Update Blog
Auditors get notice to scrutinize SAB 74 disclosures
Tammy Whitehouse | June 29, 2017
Auditors have been notified to be alert to whether corporate SAB 74 disclosures about pending new accounting standards are adequate.
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Accounting & Auditing Update Blog
Doubt creeps in on ability to adopt lease rules on time
Tammy Whitehouse | June 28, 2017
Another new poll says public companies are starting to freak out over how they’ll meet the 2019 effective date to adopt new lease accounting rules.
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Accounting & Auditing Update Blog
New poll suggests slow uptake of new lease accounting rules
Tammy Whitehouse | June 27, 2017
A new poll suggests nearly one-fourth of companies are not yet preparing to comply with new lease accounting standards that begin to take effect in 2019.
Displaying 18 results