All Deloitte articles – Page 5
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Blog
EY forms independent audit quality committee
EY has joined the rest of the Big Four in seeking independent consult on audit quality, forming a committee of outside experts to advise firm leaders.
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Blog
PCAOB report gives Deloitte its lowest deficiency rate
Deloitte & Touche’s recently published 2017 audit inspection report reflects the lowest deficiency rate the firm has ever earned.
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Blog
PCAOB names Megan Zietsman chief auditor
The Public Company Accounting Oversight Board announced that it has named Megan Zietsman chief auditor and director of professional standards.
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Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.
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Article
Cigna, Wells Fargo describe journey to high-tech ICFR
Technology is permeating internal control over financial reporting, and one of its pioneers says the transition is possible even without a tech background.
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Blog
Rite Aid shareholders vote against Deloitte as auditor
A sizable chunk of Rite Aid’s shareholders has told the board it would like to dismiss Deloitte and hire a new audit firm.
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Blog
PCAOB censures Deloitte Mexico partners in cross-border audits
The PCAOB has disciplined three partners at Deloitte Mexico, citing failures in cross-border audits that affected U.S. opinions.
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Blog
SEC, PCAOB discipline ex-auditors at BDO, Deloitte
Two new enforcement actions give audit committees some textbook reminders to keep tabs on auditors regarding their compliance with professional standards.
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Article
Companies launch year-end push to new lease rules
The Q4 dash to new lease accounting is on, and it’s looking like some companies will not flip the switch to new systems by the Jan. 1 effective date.
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Blog
Early adoption fizzles for new hedge accounting rules
Despite assumptions that companies would flock to simpler accounting, most are holding back in adopting new hedge rules.
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Blog
Only three directors across Big 4 boards are independent
KPMG has appointed an independent member to its U.S. board, only the third such appointment across the entire Big 4.
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Article
Revenue compliance questioned heading toward year-end
Whatever public companies have disclosed about revenue recognition so far, regulatory reaction after two quarterly filings would suggest they should plan to say more.
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Blog
Lease adoption work will spill into 2019, poll suggests
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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Blog
PCAOB calls out two-thirds of audits at BDO USA
The PCAOB has handed BDO USA another scathing inspection report, finding 67 percent of the audits examined in 2016 failed to comply with standards.
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Article
No easy answers for breaking up Big Four in U.K.
The last time the U.K.’s Competition and Markets Authority attempted to break up what is widely referred to as an oligopoly of the audit market by the Big Four audit firms—EY, PwC, Deloitte and KPMG—its actions had the opposite effect.
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Blog
Still MIA: 2016 inspection report on KPMG
Audit regulators remain mum on when, if ever, they will publish a report on their 2016 inspection of Big 4 audit firm KPMG.
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ArticleCompanies shift gears in final push to adopt lease rules
The countdown to new lease accounting is causing some companies to shift gears, concerned they can’t make the deadline following their original adoption plans.
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Blog
Angst over lease accounting grows, new polls say
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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Blog
Audit leaders issue statement to new audit recruits
As a new crop of college graduates joins the audit profession, U.S. audit leaders issued a joint statement to sell them on the viability of their career path.
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Article
Supreme Court decision upends state tax law compliance
A Supreme Court decision in a state sales tax case removed long-standing case law that told state governments they could only collect sales tax on commercial activity within their state borders from sellers that had a physical presence within those borders.