All Accounting & Auditing articles – Page 61
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Blog
DXP Enterprises chief accounting officer to retire
DXP Enterprises announced in a securities filing that Senior Vice President and Chief Accounting Officer Mac McConnell has notified the company of his intention to retire, effective March 31.
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IFIAR reports some audit improvement; calls for more
Audit regulators globally say they’re seeing some incremental improvement in audit inspection results, but not yet enough.
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PCAOB censures former engagement partner over Koss audits
The PCAOB has censured the partner who oversaw audits at Koss, where a top finance executive went prison on charges of embezzling more than $30 million.
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Former Co-operative Bank chair banned from the financial services industry
The Financial Conduct Authority has banned former Co-operative Bank Chair Paul Flowers from the financial services industry after he was caught using his work phone and e-mail to conduct inappropriate phone calls and send sexually explicit messages.
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Financial Conduct Authority bans former Deutsche Bank trader
The U.K. Financial Conduct Authority has fined Guillaume Adolph, a former short-term interest rate derivatives trader at Deutsche Bank, £180,000 and banned him from performing any function in relation to any regulated financial activity.
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New study says long audit tenure slows corrections
Recently published academic research suggests there is indeed a detriment to audit quality when audit firms hold long tenures on audit engagements.
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Early adopters of simpler hedge rules pause in uncertainty
Simpler hedge accounting regulations have accountants and FASB alike wondering if they need even further clarification.
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FASB fixes financial instruments, proposes fix to cloud costs
FASB has finalized some technical corrections to its standard on financial statements and proposed new guidance on accounting for certain cloud computing costs.
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Chief accounting officer at Oaktree Capital leaving
Susan Gentile, chief accounting officer at Oaktree Capital, has announced her resignation from the company, effective March 23, to pursue other career opportunities.
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Australia rolls out real-time payments
Australia has publically launched its New Payments Platform, a landmark payments industry initiative designed and constructed to fundamentally improve how consumers, companies, and governments transact with one another.
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Deloitte settles claims tied to mortgage lender collapse
Deloitte will pay $149.5 million to settle claims with the Justice Department over its audit work at Taylor, Bean & Whitaker, a mortgage lender that collapsed in 2009.
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Newest IIA study will focus on transformation of internal audit
The newest internal audit will suggest chief audit executives need to focus on developing talent to meet a mandate regarding fast-paced changes in business risks.
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Article
In M&A, SEC hints at relief over accounting rule differences
M&A deals could become a little more complicated this year as a result of changes in accounting standards and complexity around what needs to be reported.
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Are U.K. businesses ready for PEPPOL?
A new pan-European standard for public procurement should alleviate a lot of financial administration, but only for those ready to comply with the standard’s new rules.
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New poll shows strains as companies prepare for lease rules
A survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.
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TDS appoints new chief accounting officer
Telephone and Data Systems has appointed Douglas Chambers as senior vice president – finance and chief accounting officer. Chambers will assume this role, effective May 18, from Douglas Shuma, who is retiring after eleven years with the company.
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New SAP solution reduces risks in financial transactions
SAP SE has introduced SAP Business Integrity Screening, an application that helps reduce financial risk within business transactions.
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KPMG poll: Much work remains to be ready for lease rules
Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.
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The evolving role of the financial function in India
A combination of new laws in India to address corruption and other risks is drastically changing how financial services firms operate—especially in regard to accounting—within the country.
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Mercury Systems names chief accounting officer
Mercury Systems, a commercial provider of secure sensor and safety-critical processing subsystems, has named Michelle McCarthy as vice president, chief accounting officer and controller.