Accounting & Auditing

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AuditTransparency

EY report: Fortune 100 companies boost audit transparency, including on ESG

2021-10-26T20:13:00+01:00By

Many Fortune 100 companies continue to enhance their transparency about how their audit committees are executing their core responsibilities, according to the EY Center for Board Matters’ 10th annual review of voluntary proxy statement disclosures.

Executive clawbacks

SEC executive pay clawback rule primed for ‘significant opposition’

2021-10-25T21:05:00+01:00By

The SEC is poised to pass an executive compensation rule that would require public companies to claw back incentive-based compensation if their finances are restated within the previous three years. Experts expect pushback to the proposed mandate.

3x2 web graphic

Compliance Week National Conference is going back in person in May

2021-10-25T12:00:00+01:00By

Mark your calendars: Compliance Week’s National Conference in Washington, D.C. will be held in person for the first time in nearly three years from May 16-18, 2022.

AuditResources

PCAOB 2020 inspections preview: Deficiencies still high, although some improvements

2021-10-22T16:35:00+01:00By

The Public Company Accounting Oversight Board noted a high number of recurring deficiencies in its audits reviewed despite improvements over the previous year as part of its 2020 inspection observations spotlight.

BDO

FRC launches probe of BDO over NMCN audit

2021-10-21T18:42:00+01:00By

The Financial Reporting Council announced the launch of an investigation into BDO in relation to its audit of U.K. construction and engineering company NMCN, which filed for administration earlier this month.

Real estate accounting

Real estate rationalization programs on rise amid COVID

2021-10-20T21:18:00+01:00By

As the COVID-19 pandemic continues and businesses make strategic changes in response, one of the primary areas of focus is managing where employees will work and evaluating real estate portfolios.

DOJ building

Former Poseidon executive pleads guilty in securities fraud case

2021-10-14T17:09:00+01:00By

A former executive of U.S. operations at Canadian oil services company Poseidon Concepts pleaded guilty to perpetrating a scheme to fraudulently inflate the company’s reported revenue, resulting in more than $886 million in shareholder losses.

KPMG building

KPMG rapped for ‘untruthful defense’ in Silentnight investigation

2021-10-13T16:33:00+01:00By

KPMG and one of its former partners were found to be “untruthful” during an independent tribunal’s investigation into the audit firm’s advisory role regarding the sale of mattress company Silentnight to private equity firm HIG Capital.