All Accounting & Auditing articles – Page 67
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Blog
Cooper Standard names vice president of internal audit and compliance
Cooper Standard, a global supplier of systems and components for the automotive industry, has appointed Annemarie Kleabir to vice president, internal audit and compliance, effective Oct. 2.
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Blog
With revenue adoption lagging, grim predictions unfold
Evidence is mounting that companies are way behind in complying with new revenue rules, prompting predictions of late filings, internal control weaknesses, even restatements.
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PCAOB revises proposal on supervising outside audit work
The PCAOB is asking for a new round of public comment on a revised proposed standard that seeks to raise the bar on how audit firms supervise outside auditors.
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Hungry for a ‘win,’ Republicans unveil tax reform framework
Republican legislators have released the outline of an ambitious tax package that rethinks payments by individuals and corporations alike. Among the plans is reducing the corporate tax rate to 20 percent.
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Blog
FASB proposes tweaks to lease accounting rules
Just as new rules on revenue recognition required some tweaking as companies prepared to implement them, so apparently do the new rules on lease accounting.
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Article
Companies gear up for Q4 dash to revenue rule ready date
As the fourth quarter approaches, companies are expected to break into a sprint to complete their efforts to adopt new revenue recognition requirements.
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Deloitte confirms cyber hack exposed client information
Deloitte says information on a small number of clients was accessible to hackers after an intrusion of the firm's email platform.
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Natural disasters raise accounting, reporting implications
Companies affected by recent natural disasters may need to consider the effects on their accounting, financial reporting, and tax compliance.
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FASB plans to distinguish liabilities from equity
The FASB plans to distinguish liabilities from equity in financial statements to make the accounting rules less complex and easier to understand.
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Titan International chief accounting officer departs
Titan International said in a securities filing that Christopher Bohnert has stepped down from his role as chief accounting officer, effective as of Sept. 13, 2017.
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Blog
Could revenue rule chill IPOs in 2018? Poll suggests maybe
A Deloitte poll suggests new revenue recognition accounting requirements taking effect next year may put a chill on initial public offerings.
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Article
New ERM framework links risk to strategy, performance
Courtesy of COSO, companies have a new risk framework to consider that has the potential to drive a new risk mindset deeper into the organization.
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Blog
Webster names new chief accounting officer
Webster Financial, the holding company for Webster Bank, has named Albert Wang as chief accounting officer of Webster Financial and Webster Bank.
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Ryder appoints controller, principal accounting officer
Ryder System has appointed Frank Mullen as vice president and controller and principal accounting officer, effective as of Sept. 18, 2017.
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Cherokee Global Brands appoints audit committee chair
Cherokee Global Brands, a global brand marketing platform that manages fashion and lifestyle brands, has appointed John McClain to the board of directors. McClain will serve as an independent director and chair the board’s audit committee, effective immediately.
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Half say revenue rule is immaterial, one-fifth still evaluating
A PwC analysis shows about half of Fortune 500 companies expect revenue recognition changes to be immaterial, but nearly 20 percent are still evaluating.
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PCAOB flags increased number of audits at Crowe
After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest PCAOB inspection report.
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Blog
Board members wary of CAM disclosures in audit reports
Half of public company board members say critical audit matters will not make audit reports more useful to investors, but instead will make their jobs more difficult.
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Article
The classic post-scandal question to auditors: What happened in the black box?
When investors decry the black box of public company auditing, asking for more visibility, they’re referring to cases like KPMG’s audit work at Wells Fargo.
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Blog
Aeterna Zentaris chief accounting officer departs
Aeterna Zentaris, a Canada-based specialty biopharmaceutical company, announced the departure of the Geneviéve Lemaire as vice president, finance and chief accounting officer, effective on or before Sept. 30, 2017.