All Disclosure articles – Page 2
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Article
Lactalis baby milk recall a nightmare of its own making
French dairy giant Lactalis is facing a massive baby milk recall both due to salmonella and its failure to disclose the contamination in a timely manner.
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Blog
FASB tees up talk on controversial materiality proposal
The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the GAAP concept of materiality.
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Blog
Audit committees advance disclosure in 2017 yet again
Audit committees took it up another notch in the past year in their voluntarily disclosures to investors, according to the latest analysis.
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Blog
PCAOB alerts auditors to scrutinize revenue recognition
The PCAOB is putting auditors on notice to take a careful look at the work companies have done to implement the new revenue recognition standard.
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Blog
With revenue adoption lagging, grim predictions unfold
Evidence is mounting that companies are way behind in complying with new revenue rules, prompting predictions of late filings, internal control weaknesses, even restatements.
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Blog
SEC offers relief, deadline extensions for hurricane victims
The SEC is providing regulatory relief to publicly traded companies and others unable to meet filing requirements due to hurricane damage and mail disruptions.
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Blog
Half say revenue rule is immaterial, one-fifth still evaluating
A PwC analysis shows about half of Fortune 500 companies expect revenue recognition changes to be immaterial, but nearly 20 percent are still evaluating.
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ArticleThe classic post-scandal question to auditors: What happened in the black box?
When investors decry the black box of public company auditing, asking for more visibility, they’re referring to cases like KPMG’s audit work at Wells Fargo.
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Article
Pushback rises on disclosure of auditor, audit committee talks
Despite calls for transparency around the interaction between audit committees and auditors, angst runs deep about giving investors visibility into that dialogue.
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Blog
New study shows more audit committee disclosure
A recent study of Fortune 100 proxy materials shows audit committees continue to voluntarily explain their oversight of the external audit.
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Blog
SEC seeks comment on PCAOB’s ‘critical audit matter’ rule
Companies with any lingering worries about the impending effects of a new audit report have one last opportunity to appeal for change.
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Blog
CFTC opens public review of swaps data reporting
The CFTC has announced it is seeking public comments as it embarks on a comprehensive review of swaps data reporting requirements.
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Blog
Auditors get notice to scrutinize SAB 74 disclosures
Auditors have been notified to be alert to whether corporate SAB 74 disclosures about pending new accounting standards are adequate.
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Blog
CAQ offers blueprint for asking auditors about Form AP filings
Audit committees now have some talking points on how to engage auditors and management on the audit profession's new Form AP filing requirement.
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Blog
Investors reward readable disclosures, study finds
It turns out investors really do value and reward plain-English disclosures, according to an emerging academic study.
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Article
10 reasons to be wary of new auditor disclosure rules
New disclosures required by auditors don’t produce any direct new rules for the public firms they audit, but companies can expect at least 10 potentially serious consequences.
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Blog
Deloitte analysis shows slow move to new revenue rules
An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.
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Blog
New revenue rule immaterial? Don't overlook disclosure, SEC says
The SEC is warning companies that say adopting new revenue rules will be immaterial to financials: Be sure that includes consideration of disclosures.
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Article
As firms adopt revenue rules, are they ignoring disclosure?
Whether you think your company is ready for the new accounting for revenue recognition or not, it’s probably not ready to comply with new disclosure requirements.
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Blog
FASB to host roundtables on defining materiality in GAAP
FASB is hosting roundtable meetings in March to discuss defining materiality in accounting standards, a can of worms it opened in 2015 in connection to disclosures.