All Accounting & Auditing articles – Page 31
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ArticleHow corporate finance can manage coronavirus challenges
Steve Barta, a partner in the Audit and Assurance practice of Deloitte & Touche, reveals some key accounting areas where finance leaders might need to give extra attention.
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ArticleFRC probes KPMG, PwC over audits of Eddie Stobart Logistics
The U.K. Financial Reporting Council has launched investigations into Big Four firms KPMG and PwC concerning the audits of U.K. logistics company Eddie Stobart Logistics.
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Resourcee-Book: A Roadmap for Auditors Tackling COVID-19 Challenges
The coronavirus pandemic has industries scrambling to rewrite the blueprints for effective operations, with auditors under pressure to perform.
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ArticleCAQ: Virtual work, ICFR among coronavirus audit issues
The Center for Audit Quality advisory board member firms met with CAQ Executive Director Julie Bell Lindsay to discuss concerns relating to the coronavirus pandemic.
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ArticleKPMG audit partners settle test cheating allegations
The KPMG cheating scandal expanded this week as three former partners at the firm settled charges with the SEC regarding the improper sharing of answers for internal training exams.
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ArticleKPMG faces $306M negligence claim over Carillion audit
U.K. government liquidators are preparing to sue KPMG for £250 million (U.S. $306 million) over alleged negligence in its audits of collapsed construction firm Carillion.
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ArticleLuckin Coffee fires CEO, COO over accounting scandal
Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
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ResourceWhite paper: The Dramatic Impact of the New Lease Accounting Standards
The new lease accounting standards – ASC 842, IFRS 16 and GASB 87 – impact companies of all sizes and industries.
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ArticlePCAOB inspection pause ends without extension
The Public Company Accounting Oversight Board announced the conclusion of its coronavirus-related 45-day relief period on audit inspections without an extension.
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ArticleMiMedx names new accounting chief post fraud settlement
Biotech company MiMedx Group, which last November settled an alleged case of accounting fraud with the SEC, announced the appointment of William Phelan as senior vice president and chief accounting officer.
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ArticleHow audit committees should prep for coronavirus challenges
Hille Sheppard of Sidley Austin offers some insights into what tactics audit committees should employ to confront uncertainties caused by the coronavirus pandemic.
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ArticleEY audit of NMC Health under investigation
The U.K. Financial Reporting Council has opened an investigation into EY’s audit of the 2018 financial statements of NMC Health, which is currently under investigation for accounting fraud.
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ArticlePwC guidance: Navigating audit committee responsibilities amid the coronavirus pandemic
Internal auditors will want to check out a recent publication from PwC on how to navigate core audit committee responsibilities amid the coronavirus pandemic.
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ArticleTwo former Penn West execs settle accounting fraud charges with SEC
The former CFO and former VP of accounting and reporting at Penn West Petroleum have settled SEC charges for their role in an accounting fraud scheme that spanned several years.
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ArticleAnalysis: Luckin Coffee saga a case of déjà vu?
Financial crime expert Martin Woods ponders how the SEC can ensure foreign companies, like China-based Luckin Coffee, that publicly trade in the U.S. can apply the proper standards of compliance, financial reporting, and even whistleblower protections.
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ArticleFASB Q&A tackles coronavirus effect on hedge accounting
FASB staff issued a question-and-answer document to address uncertainty about the effects of the coronavirus pandemic on cash flow hedge accounting under Accounting Standards Codification Topic 815.
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ArticleCAQ exec: How audit must adapt amid coronavirus challenges
Julie Bell Lindsay, executive director of the Center for Audit Quality, shares her perspectives on how public company auditors are coping with new challenges from the coronavirus pandemic.
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ResourceWhite paper: Lease Accounting Software Buyer’s Guide
Choosing the wrong solution for your lease accounting needs has huge implications for your business, including risking inaccurate lease financials. You’ll want to select a comprehensive solution to manage your leases, and our Buyer’s Guide can help you do just that.
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ArticleAnalysis: EY now faces questions of trust
In the case of Amjad Rihan versus EY, a question of trust has opened a can of worms. Financial crime expert Martin Woods explores.
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ArticleAnalysis: EY brand takes beating in case vs. whistleblower
What does the Amjad Rihan case do to the brand of EY and, more pointedly, those who spend time with EY as clients? Financial crime expert Martin Woods offers his take.