All Accounting & Auditing articles – Page 58
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Blog
IRS issues new guidance on changing revenue method
Now that companies are following new accounting methods to reflect revenue in financial statements, the Internal Revenue Service is offering new guidance on reflecting income in tax filings.
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Blog
New financial instrument rule draws Buffett rebuke
New accounting rules on how to reflect financial instruments in financial statements are beginning to produce predicted earnings volatility, as recently bemoaned by America’s celebrity investor, Warren Buffett.
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Blog
IOSCO promotes audit quality via audit committee oversight
Securities regulators globally are troubled enough by the state of audit quality that they are developing a white paper to promote better audit committee oversight.
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Article
SEC proposes change to auditor independence rules
The SEC is looking to dial back strict requirements on auditors that have made it difficult for Big 4 firms to assert their independence on certain big engagements.
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Blog
RLH appoints chief accounting officer
Hospitality company Red Lion Hotels (RLH) has appointed Nate Troup as senior vice president, chief accounting officer.
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Article
As lease rules advance, companies need to alert investors
Lease accounting is the next big accounting change on deck, and companies should be prepared to give investors plenty of advance notice on what to expect.
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Blog
Revenue rule prompts edit to collaborative arrangements text
FASB has proposed an update to accounting standards to make some targeted improvements to the guidance on accounting for collaborative arrangements.
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Blog
Accellion one-click compliance reports accelerate regulatory audits
Accellion, a private cloud solutions provider, now offers one-click compliance reports designed to significantly streamline how companies demonstrate compliance with regulators.
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Blog
IBM acquires Armanta
IBM this month announced its acquisition of Armanta, a provider of aggregation and analytics software to financial services firms.
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Blog
SEC proposes amending auditor independence rules
The SEC is proposing changes to its auditor independence rules to relax limitations that made compliance with loan provisions virtually impossible.
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Blog
Auditor tenure is ‘reference point,’ SEC's Bricker says
Auditor tenures are beginning to appear in public company filings, giving investors new insight into how embedded firms are at their various public company clients.
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Article
Revenue judgments about to go under the microscope
As they file their first 10-Qs under new revenue rules, companies may find their judgments will face a whole new round of scrutiny in the very next quarter.
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Blog
Responding to setbacks, KPMG adds outside directors
After some serious blows to its reputation, KPMG has decided to add outside directors to its board.
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Blog
Panasonic must pay $280M to resolve FCPA charges
Panasonic Avionics has agreed to pay more than $280 million to resolve civil and criminal charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents.
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Blog
Investors show strong response to partner IDs
Investors react when they know the name of an engagement partner on an audit, research suggests, but the reaction may be stronger than expected.
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Blog
Global body reboots ethics rules for accountants
Accountants globally have some revised ethics rules to follow, which should prompt an examination in the United States over whether there are new thresholds to meet.
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Blog
Early disclosures point to material effect of lease rules
Of the 100 largest lessees in U.S. capital markets, 76 percent say new lease accounting rules will be material to the balance sheet; 20 percent are still assessing.
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Article
Global aspects of tax reform prove particularly difficult
Elation morphed into confusion in the first quarter as companies celebrated tax reform, then dug in to figure out what it all means and how to comply.
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Resource
Understanding Beneficial Ownership Structures
This guide will help you better understand beneficial ownership legal structures and their complexities. It will also demonstrate how data and analytics can help improve the speed and accuracy of UBO identification, in addition to offering wider organisational benefits from enhanced knowledge management to resource redeployment.
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Blog
Celanese appoints chief accounting officer
Celanese, a global technology and specialty materials company, has appointed Benita Casey as chief accounting officer.