All ICFR articles – Page 4
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Blog
COSO publishes ERM examples to show case studies
COSO has published an addendum to its ERM framework to illustrate examples of how to apply the framework to real situations.
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Blog
Restatements dip again in 2017, newest study shows
Title: Restatements dip again in 2017Restatements took another downward dip in 2017, suggesting continued improvement in financial reporting quality, according to the newest study from Audit Analytics.
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Blog
New PCAOB seeks input on new strategic plan
A brand new slate of audit regulators is looking for some direction as it takes the helm at the PCAOB and establishes a new strategic plan.
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Blog
COSO appoints new chair, may consider internal control guidance
As new leadership takes the helm at COSO, the board is considering whether it can help sort out ongoing tension over public company internal control reporting.
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Blog
COSO, IAASB form ties to sustainability reporting
Sustainability reporting is breaking new ground in attaching itself to traditional financial reporting after an advocate has formed some new relationships.
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Blog
FERF finds more evidence of audit cost creep in 2016
Another new study confirms public company audit costs inched upward in 2016, albeit by a smaller amount than in 2015.
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Blog
PCAOB findings on PwC, EY show small improvements
The PCAOB released its latest inspection reports for EY and PwC, documenting another year of small change in audit deficiency findings.
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Blog
Audit fees creep higher in 2016, study shows
Public company audit fees inched upward again in 2016, based on the latest data available from Audit Analytics.
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Blog
PCAOB delivers improved report card on Grant Thornton
Grant Thornton's latest PCAOB inspection report, dating to 2016, shows improvement over prior year results.
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Blog
New report on Deloitte shows no change in audit findings
Audit regulators found problems with 24 percent of the audits they inspected at Deloitte in 2016, the same number inspectors flagged in 2015.
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Blog
Calling out usual audit ills, PCAOB also ponders next steps
While acknowledging audit firms have taken measures to address adverse inspection findings, the PCAOB also is starting to ask if the firms are doing enough.
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Blog
Adverse internal control findings tapered off in 2016
For the first time since 2012, a slightly smaller number of companies in 2016 reported adverse findings on internal control, according to a new analysis.
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Blog
Audit leaders issue another year-end alert on key risks
Audit leaders have handed out yet another alert to auditors to dig into high-risk areas as they prepare for the upcoming year-end audit cycle.
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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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ArticleFor 2017 close, expect auditors to queue up queries on 2018
In preparing for the year-end close, companies should brace for auditors’ questions about the riskiest reporting areas, especially accounting rules taking effect in 2018.
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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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Article
Companies gear up for Q4 dash to revenue rule ready date
As the fourth quarter approaches, companies are expected to break into a sprint to complete their efforts to adopt new revenue recognition requirements.
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Blog
PCAOB flags increased number of audits at Crowe
After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest PCAOB inspection report.
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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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Blog
Study asserts link between control weaknesses, fraud
Academics say they have identified a link between internal control weaknesses and later revelations of fraud, lending fresh support to key provisions of SOX.