All Accounting & Auditing articles – Page 67
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Blog
FASB tees up talk on controversial materiality proposal
The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the GAAP concept of materiality.
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Blog
SEC charges Osiris Therapeutics with accounting fraud
The Securities and Exchange Commission this week charged biotech company Osiris Therapeutics and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process.
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Blog
Audit committees advance disclosure in 2017 yet again
Audit committees took it up another notch in the past year in their voluntarily disclosures to investors, according to the latest analysis.
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Article
The evolution of XBRL
XBRL has been the way forward for standardizing the financial data used by companies, regulators, and investors alike. But to understand its future, you first must learn its history.
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Article
Case study: How Aramark reduced its SOX compliance costs
Food-service giant Aramark shares in candid detail its growing pains toward SOX compliance maturity, lessons learned, and how it reduced its costs along the way.
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Article
New accounting rules mean new tools to achieve compliance
Massive new accounting requirements present a strong case for the deployment of new technologies to achieve compliance.
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Blog
Investors urge PCAOB to collect audit firm financials
In a largely symbolic gesture, an investor panel voted to recommend to the PCAOB that it collect audited financial statements from registered audit firms.
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Blog
KPMG makes leadership, governance changes following internal investigation
KPMG International has taken several significant actions—including leadership changes, governance changes, and enhanced quality control procedures in certain areas—following an internal investigation concerning KPMG South Africa’s work on behalf of the politically connected Gupta family.
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Blog
M&A fuels big number of audit errors, analysis finds
Public company audit deficiencies fell for a second consecutive year in 2015, but still cropped up in nearly one-third of all inspected audits, according to a new analysis.
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Blog
Accountants lobby GOP with tax reform wish list
In a letter to Republican party officials, the American Institute of CPAs outlines tax reform priorities and concerns. “If Congress lowers the income tax rates for C corporations, all types of business entities should receive a rate reduction,” it says.
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Blog
SEC approves new audit report format, CAMs and all
In an investor-friendly decision that deputizes auditors with new duties, the SEC has approved to a new rule expanding the public company audit report.
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Article
Where to place tax bets amid reform uncertainty?
As the tax reform debate sputters, companies have some big decisions to make about where to make and hedge their bets when it comes to tax planning.
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Blog
Iron Mountain appoints chief accounting officer
Iron Mountain has appointed Daniel Borges to serve as vice president and chief accounting officer, effective Oct. 17. In such capacity, Borges will also serve as the company’s principal accounting officer.
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Blog
Pension cost rule may give new reason to de-risk plans
A new accounting rule on pension cost presentation will hammer another nail in the coffin of defined benefit pension plans as a form of compensation.
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Blog
SAP simplifies regulatory tax reporting with SAP S/4HANA
SAP SE, an enterprise application software services provider, has announced the launch of SAP S/4HANA for advanced compliance reporting, a new solution that helps corporate finance executives manage statutory reporting.
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Blog
SEC tasks audit committees to set tone for accounting changes
Audit committees take note: SEC is putting a lot of faith in you to set the tone for corporate adoption of major changes in accounting requirements.
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Blog
AICPA delivers more revenue recognition working drafts
In the ongoing movement to new methods for recognizing revenue in financial statements, the AICPA has issued yet more new guidance for companies to consider.
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Article
Auditors tasked to study revenue readiness at year-end
Auditors are under clear orders from their regulators to show no mercy in their assessment of corporate transition to the new revenue recognition rules.
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Blog
Ideagen releases new version of Pentana Disclose
Ideagen—developers of quality, safety, audit, risk, and performance management software—has released the latest version of its financial disclosure checklist software, Pentana Disclose.
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Blog
Audit leaders issue another year-end alert on key risks
Audit leaders have handed out yet another alert to auditors to dig into high-risk areas as they prepare for the upcoming year-end audit cycle.