- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Title: 2016 Accounting Change SurveyKPMG recently surveyed over 140 companies across a wide range of industries to understand how accounting executives are responding to the challenge of implementing the new revenue recognition and leases accounting rules from the Financial Accounting Standards Board (FASB).>
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In preparing to adopt the new revenue recognition standard, experts debate how to apply the rules to complex contracts. Tammy Whitehouse reports.
Big Four firms PwC and EY were each penalized by the Financial Reporting Council for alleged shortcomings during their respective audits at collapsed investment firm London Capital & Finance.
BF Borgers was all but shuttered by the Securities and Exchange Commission after the agency accused the firm of massive fraud impacting more than 1,500 SEC filings audited over a 2 1/2-year span.
