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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.
8 results found, filtered by:
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Accounting & Auditing Update Blog
Companies adjust revenue disclosures, grapple costs
Tammy Whitehouse | February 5, 2019
Companies are changing their revenue recognition approach as they move from quarter to quarter, and they’re tallying higher-than-expected costs, poll says
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Accounting & Auditing Update Blog
Comment letters show SEC forced restatement on ASC 606
Tammy Whitehouse | January 9, 2019
After a 15-part comment letter exchange with the SEC over its compliance with new revenue recognition rules, Kingsway Financial Services opted to restate.
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Accounting & Auditing Update Blog
Amazon pushes back on SEC revenue disclosure comment
Tammy Whitehouse | November 29, 2018
The SEC is getting some pushback from Amazon over how it breaks up and reports revenue for its different streams under ASC 606.
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Accounting & Auditing Update Blog
SEC staff plans to scrutinize year-end revenue disclosures
Tammy Whitehouse | November 13, 2018
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
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Accounting & Auditing Update Blog
Companies should revisit revenue compliance, SEC staff hint
Tammy Whitehouse | October 2, 2018
SEC staff have signaled companies might want to take a second look at their revenue recognition compliance as they approach their first year-end filing under ASC 606.
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Accounting & Auditing Update Blog
New standard triples revenue disclosures, Deloitte finds
Tammy Whitehouse | July 13, 2018
Public companies are roughly tripling their revenue-related disclosures to comply with the new revenue recognition standard, according to a new analysis.
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Accounting & Auditing Update Blog
For early revenue adopters, SEC digs into year-end disclosure
Tammy Whitehouse | June 15, 2018
SEC staff are showing an interest in some specific disclosures companies are providing under the new revenue standard, based on themes emerging in comment letters.
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Accounting & Auditing Update Blog
Early filings point to uptick in revenue failures
Tammy Whitehouse | February 9, 2018
Audit Analytics is predicting companies will disclose an increased number of accounting failures in 2018 after the adoption of new rules on revenue recognition.
Displaying 8 results