By Tammy Whitehouse2016-02-12T11:15:00
Image: FASB met recently to consider proposed guidance around collectibility, non-cash consideration, contract modifications, and more. It did not come to a final decision, however, on whether to add a practical expedient to certain disclosure requirements regarding remaining performance obligations. FASB member Marc Siegel offered some concern: “We tried to ...
2016-05-10T12:15:00Z By Tammy Whitehouse
With new revenue recognition rules fast approaching, public companies everywhere are preparing as best they can, but an uncertain future awaits everyone. Tammy Whitehouse looks at what’s behind implementation delays.
2025-10-15T19:16:00Z By Ruth Prickett
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...
2025-10-07T20:32:00Z By Jaclyn Jaeger
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
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