All Accounting & Auditing articles – Page 62
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ArticleNew rules accelerate recognition of unredeemed gift cards
Gift card issuers have a new post-holiday-season hangover issue to address this year as they adapt to new accounting rules on how to recognize gift card revenue.
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Blog
FASB queues up technical questions on hedging standard
After approving a new standard for how to account for hedges in financial statements, now FASB is hearing requests for clarifications and technical corrections.
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Is IFRS 9 shaking up U.S. activity to adopt CECL?
Accounting activity at publicly held financial institutions apparently is picking up to prepare for new requirements for the recognition of loan losses.
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Blog
ERM for ESG risks: Companies have new guidance to ponder
COSO is looking for feedback on draft guidance regarding how its ERM framework can be used to manage risks in environment, social, and governance areas.
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Blog
Auditors defer more to former colleagues, study suggests
Auditors will show some deference to judgment calls when the CFO of the client company is an alumni of the audit firm, according to emerging academic research.
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SEC considers amending auditor independence rules
Has it become unrealistic for some companies to engage truly independent auditors? Exploring that possibility, the SEC may amend its independence rules.
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Blog
Seibels names vice president of financial services
Seibels, an IT service management company, has appointed Fiona Cantrell to the newly established role of vice president of financial services.
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OGE Energy names new chief accounting officer
OGE Energy, the parent company of Oklahoma Gas and Electric Company, has appointed Sarah Stafford as controller and chief accounting officer, effective March 1.
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Former KPMG tax partner joins King & Spalding
Kevin Glenn, a former partner at KPMG, has joined law firm King & Spalding in the firm’s corporate, finance investments practice group, which includes the firm’s tax practice, to provide U.S. tax advice to U.S. and foreign multinational companies on cross-border financing, joint venture, and M&A transactions.
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FASB plans to finalize tax reform guidance
The FASB plans to finalize by Feb. 16 guidance that will allow entities to reclassify certain tax effects in equity as a result of recent tax legislation.
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Burford Capital names chief accounting officer
Burford Capital, a litigation finance company, has appointed Charles Utley as chief accounting officer.
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Early filings point to uptick in revenue failures
Audit Analytics is predicting companies will disclose an increased number of accounting failures in 2018 after the adoption of new rules on revenue recognition.
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UHY Advisors acquires Bright Point Consulting
UHY Advisors, a tax and business consulting firm, has expanded the size and capabilities of its accounting automation team and service offerings with the acquisition of the practice of Bright Point Consulting, a finance and accounting software implementation firm.
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IFRS Foundation names executive director
The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, have appointed Lee White as executive director, in charge of the organization’s day-to-day operations.
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SIFCO Industries names chief accounting officer
SIFCO Industries has named Thomas Kubera as its chief accounting officer, effective as of Jan. 31, 2018. He also will continue in his current role as interim chief financial officer.
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One Big 4 firm grows client base, others lose, data says
For the third straight year, one Big 4 firm has held steady or grown its number of public company audit engagements while the other three have lost ground.
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ArticleFraud, conspiracy charges pile on audit committee task list
Charges of fraud and conspiracy have rocked the audit profession and raised concerns about the regulatory process, leaving audit committees with more questions to ask auditors.
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Blog
Arachnys and Fenergo sign strategic partnership agreement
Arachnys, a cloud-based investigation management technology provider, and Fenergo, a provider of Client Lifecycle Management solutions for investment, corporate, and private banks, have announced a joint partnership to leverage their complementary technologies.
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Superior Energy names chief accounting officer
Superior Energy Services, which serves national and independent oil and natural gas companies around the world, has named James Spexarth as chief accounting officer.
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COSO appoints new chair, may consider internal control guidance
As new leadership takes the helm at COSO, the board is considering whether it can help sort out ongoing tension over public company internal control reporting.