By Tammy Whitehouse2014-12-23T11:30:00
The SEC is urging companies to tighten accounting procedures around the statement of cash flows, amid a steady rise in restatements associated with it. Speaking at the national AICPA conference earlier this month, SEC staffer Kirk Crews said the majority of errors were “due to relatively less complex applications” of ...
2016-09-20T10:15:00Z By Tammy Whitehouse
After years of nebulous guidance around three major issues of cash flow statements—operating, investing, and financing—FASB is making major clarifications. Tammy Whitehouse reports.
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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