Accounting & Auditing

Compliance Week is a business intelligence service on corporate governance, risk, compliance, and audit. We support a community of professionals through award-winning journalism, live and live-streamed events, sponsored Webcasts, continuing education and training, industry surveys, case studies, and downloadable resources.

Aaron Westrick

Finding the fraud launches whistleblowers on life-changing journey

2021-07-26T13:00:00+01:00By

Whistleblowers aren’t born—they’re made. For five individuals that have taken on that mantle, the story began with discovering a problem that could no longer be ignored.

KPMG

FRC 2020/21 audit inspections: KPMG rebuked over continued struggles

2021-07-23T15:28:00+01:00By

The U.K. Financial Reporting Council released the results of its 2020/21 audit quality inspections, in which it singled out KPMG for “unacceptable” deficiencies regarding the firm’s audits of banks and similar entities.

SEChq

ICFR failures cost Tandy Leather in SEC settlement

2021-07-21T16:28:00+01:00By

Tandy Leather Factory and its former CEO have agreed to pay a total of $225,000 as part of a settlement with the SEC to resolve charges of inaccurate financial reporting caused by a faulty inventory tracking system.

Lease accounting

FASB issues standard update for variable lease payments

2021-07-20T15:37:00+01:00By

The Financial Accounting Standards Board finalized an update to its leases standard targeting sales-type leases with variable lease payments.

Accounting fraud

Former FTE Networks CEO, CFO charged with accounting fraud

2021-07-15T17:05:00+01:00By

The former chief executive officer and chief financial officer of telecommunications company FTE Networks were arrested and charged with accounting fraud among a series of other alleged crimes.

Accountingbestpractices

Cherry Bekaert audit partner facing SEC scrutiny over MiMedx fraud case

2021-07-14T17:44:00+01:00By

The Securities and Exchange Commission is considering whether to pursue enforcement against a certified public accountant for his alleged role in an accounting fraud case the agency brought against biotech company MiMedx Group.

BlacklineFraudOnline

e-Book: Automate your accounting process: Wring out financial fraud

2021-07-06T18:32:00+01:00Provided by

A recent CW Webcast, sponsored by BlackLine and recapped here, discusses how automation can create a more efficient and effective approach to your accounting process.

Stock drop

Audit report: Assessing risk landscape for IPOs

2021-07-01T20:00:00+01:00By

An initial public offering presents significant opportunities for market participants that are accompanied by equally notable governance risks, new research from Audit Analytics explores.