All Accounting & Auditing articles – Page 51
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Blog
Lease accounting adoption taps corporate resources
The year-end push to adopt new lease accounting is taking more time and more money than companies expected, according to a new poll by EY.
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ArticlePreparers issue self-driven guides on ICFR over leases, CECL
ICFR guides by preparers and for preparers are meant to help the preparer community develop and document internal controls over leases and CECL adoptions.
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Blog
EY plans succession as global chairman, CEO resigns
EY says it will name a new global chairman and CEO in January to replace Mark Weinberger, who plans to step down July 1, 2019.
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Blog
Former Autonomy execs face fraud charges in HP deal
A federal grand jury has delivered indictments against former Autonomy executives in connection with HP’s failed acquisition of the U.K. technology business.
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Blog
Amazon pushes back on SEC revenue disclosure comment
The SEC is getting some pushback from Amazon over how it breaks up and reports revenue for its different streams under ASC 606.
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Article
Former, current KPMG women seek class status in lawsuit
More than 1,100 women who are current and former KPMG professionals are seeking class status for their various allegations of gender discrimination.
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Blog
FASB proposes updates to financial instrument rules
FASB has issued a proposal to amend rules on three major standards on financial instruments to address clarity and implementation issues.
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Article
Cigna, Wells Fargo describe journey to high-tech ICFR
Technology is permeating internal control over financial reporting, and one of its pioneers says the transition is possible even without a tech background.
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Blog
Customers Bancorp appoints new chief accounting officer
Customers Bancorp, a bank holding company, has promoted Jeffrey Skumin to chief accounting officer and controller. He assumes this role from Carla Liebold, who was appointed as the holding company and bank's chief financial officer.
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Blog
Red Robin appoints chief accounting officer
Red Robin Gourmet Burgers has appointed Dave Hansen to serve as chief accounting officer of the restaurant company.
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Blog
FloQast control addresses signed-off reconciliations
Close management software provider FloQast announced the release of a new control to prevent sign-off on reconciliations that are not tied out.
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Blog
New BlackLine product helps manage internal controls
Financial controls and automation software provider BlackLine, Inc. has unveiled a new compliance product designed to manage internal controls in large and midsize companies.
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Blog
Walgreens Boot Alliance global controller and chief accounting officer departs
Walgreens Boots Alliance, a retail pharmacy company, announced in a securities filing that Kimberly Scardino informed the company of her decision to resign, effective Dec. 21, 2018.
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Blog
No change in audit-non-audit mix in U.S., KPMG says
Amid reports that KPMG is drawing a firmer line between audit and non-audit services in the United Kingdom, the firm has no similar plans in the United States.
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Blog
Rite Aid shareholders vote against Deloitte as auditor
A sizable chunk of Rite Aid’s shareholders has told the board it would like to dismiss Deloitte and hire a new audit firm.
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Article
SEC raises the bar on cyber-security risks
Regulators expect companies to raise their game in protecting the corporate jewels from online hackers, especially in schemes that are not exactly novel.
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Blog
FEI group provides guides on leases, CECL controls
FEI’s corporate reporting group has developed its own guides for preparers on how to assure sound controls with major new accounting adoptions.
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Blog
SEC staff plans to scrutinize year-end revenue disclosures
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
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ArticleTax rules, market changes may stretch goodwill testing
Big changes in market conditions and tax rules could drive some added rigor into the annual year-end test of goodwill sitting on corporate balance sheets.
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Blog
Lease accounting adoption still behind, PwC poll says
More than 15 percent of public companies surveyed in late October had not yet begun implementing the new lease accounting standard that takes effect Jan. 1.