All Accounting & Auditing articles – Page 52
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Article
FASB gives final word on how to account for cloud costs
Unraveling an accounting simplification, companies are returning to an older way to account for software costs associated with certain cloud computing arrangements.
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Blog
SEC will watch for SAB 74 disclosure leading to CECL
The SEC will be looking for increasingly detailed disclosures to investors about the expected effects of moving to a new method for recognizing credit losses.
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Blog
Report calls out gender disparity among engagement partners
As audit firms disclose who performs public company audits, gender diversity is emerging as the first major concern regarding audit engagement leadership.
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Article
Guidance confirms diminished tax benefits for exec comp
While certain aspects of tax reform remain ambiguous, the provisions around the deductibility of executive compensation awards are becoming clearer.
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Blog
Treasury, IRS issue proposed GILTI rules under tax reform
Treasury and the IRS have issued proposed new regulations on how to calculate global intangible low-taxed income under the Tax Cuts and Jobs Act.
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Blog
LeaseAccelerator achieves SOC 2 Type 2 compliance
LeaseAccelerator, a software-as-a-service solution for enterprise lease accounting, announced that it has successfully completed a SOC 2 Type 2 assessment performed by an independent third-party auditor.
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Blog
Tax reform enthusiasm is waning, BDO poll says
As the true effects of tax reform unfold, enthusiasm is waning in corporate boardrooms, according to a recent poll.
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Blog
Still MIA: 2016 inspection report on KPMG
Audit regulators remain mum on when, if ever, they will publish a report on their 2016 inspection of Big 4 audit firm KPMG.
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Article
SEC, FASB issue changes aimed at simplifying disclosure requirements
Companies need to update their disclosure controls and procedures now that the SEC and FASB are starting to trim unnecessary bulk out of disclosure requirements.
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Blog
Tesla chief accounting officer splits after one month on the job
Tesla has yet another person to add to its list of quick departures: After just one month of being on the job, Tesla’s chief accounting officer, Dave Morton, provided notice that he was resigning from Tesla, effective immediately.
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Blog
FASB takes red pen to rules on financial instruments
The Financial Accounting Standards Board is planning a number of updates to accounting standards around all three of its major new standards on financial instruments.
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Blog
Entities plead for tax guidance on depreciation, losses
Nearly 300 companies and associations signed a letter to the U.S. Treasury asking for guidance to edit what they call drafting errors in the Tax Cuts and Jobs Act.
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Blog
Big 4 get input on how to treat GILTI under tax law
Big 4 firms are meeting with FASB and SEC staff to sort out how to report certain effects of tax reform when clarity on provisions within the tax law is still elusive.
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Resource
The benefits and challenges of blockchain
Despite the nearly constant buzzing about Bitcoin and other cryptocurrencies, their underlying technology framework, blockchain, is where the real excitement is, creating both risks and opportunities for companies.
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Article
Guidance equips companies to advance CECL adoption
Recent guidance and potentially more to come is aiding companies in their long journey to adopt the new CECL method for reflecting credit losses.
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Blog
AIG names chief accounting officer
Global insurance company American International Group has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer.
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Blog
FASB updates guidance on cloud computing costs
Companies now have new guidance on how to account for the costs of implementing certain cloud computing service arrangements.
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Article
As artificial intelligence rises, let’s not forget about human intelligence
Will technology eventually replace people in the compliance space? Not anytime soon, say experts, who believe human analysis—and accountability—will never go away.
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Blog
FASB reprises materiality language, edits disclosures
GAAP now contains a shorter list of disclosure requirements for fair-value measurements and defined benefit plans, along with a reprised definition of materiality.
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Article
Accountants, auditors turn to technology to cope with change
Accountants and auditors coping with an onslaught of new requirements are beginning to regard technology as a critical means of achieving compliance.