All CAQ articles – Page 3

  • Blog post

    Audit Committees Get Fresh Tips on Evaluating Auditors


    Image: The Audit Committee Collaboration, backed by seven groups with various missions around corporate governance and investor advocacy, has updated its External Auditor Assessment Tool, tips to help audit committees conduct their evaluation of external auditors. Cindy Fornelli, executive director of the Center for Audit Quality, says the tool “can ...

  • Article

    Audit Relations Continue to Be Strained


    Image: Tensions over the audit of internal controls over financial reporting were in focus at the Compliance Week 2015 conference last week, with many saying corporate audit committees will ultimately need to resolve the problem. “We hear the concerns, even frustrations, from company officials over the level of audit work ...

  • Article

    Audit Voices Try to Calm Tensions on Evidence


    Image: Leaders of the auditing world are calling for a truce in arguments between internal and external auditors over how much evidence external auditors should collect themselves while scrutinizing internal controls—and are calling on audit committees to intervene earlier to prevent such disputes. “Essential value will be lost if external ...

  • Blog post

    Ford Feels Venezuela Pinch With $800 Million Charge


    Ford Motor Co. is taking a one-time $800 million charge to earnings in its 2014 fourth quarter because of continued currency problems with Venezuelan operations. In a filing with the SEC, the company said the currency woes have constrained parts availability, which makes normal production difficult to maintain. Details inside. ...

  • Blog post

    SEC Warns on Foreign Business vs. Joint Venture


    Be careful what you call a “foreign business.” The Securities and Exchange Commission says it is seeing too many instances of companies trying to call their joint ventures “foreign businesses” for financial reporting purposes. Perhaps that’s because the reporting requirements might be easier to meet. See inside.

  • Article

    Frameworks and Leadership on Cyber-Risks


    As cyber-security attacks become everyday news, companies are racing to identify and mitigate their risks. Some of that is “pure” IT security; much of it is about applying a control framework smartly to new technologies—and empowering the right person to oversee these risks. “Companies ... for the most part are ...