All Accounting & Auditing articles – Page 70
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Resource
Changing the Revenue Recognition Landscape
Title: Changing Revenue Recognition LRead the new report from TechVentive CEO Brian Sommer to gain key insights into how you can successfully transition your organization to the new standards.
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Resource
A CFO’s Guide to the New Revenue Recognition Standard
Title: A CFO’s Guide to the New RevenThis eBook from CFO, an Argyle company, breaks down the new ASC 606 standard so you can better understand how it will impact your entire business.
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Blog
Pitney Bowes names chief accounting officer
Pitney Bowes, a global technology company, announced that Steven Green, vice president, finance and chief accounting officer, is retiring, effective Aug. 4. Taking his place, Joseph Catapano has been named vice president, chief accounting officer.
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Article
Add tax to the growing list of revenue recognition crises
Just as tax is the last thing to happen in a financial statement close, it seems to be the last thing happening in preparing for the new revenue rules as well.
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Blog
New transparency rolls out in Form AP audit filings
Here’s a call to attention for audit committees. Audit regulators are rolling out a powerful new gift that will help you assess the quality of your external audit.
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Blog
IMA's updated guidance tells accountants to be ethical
The Institute of Management Accountants has issued new guidance reminding members of the most basic behavior they should embrace. Be ethical.
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Blog
AICPA proposes valuation framework for financial instruments
The accounting profession is looking to raise the bar again on valuations that underpin financial statement assertions with a proposed new framework.
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Blog
AICPA issues more revenue recognition guide drafts
Companies adopting new revenue rules have yet more guidance to consider as the AICPA releases four more working drafts for its evolving revenue recognition guide.
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Article
Delayed but not dead, tax reform waits behind healthcare
Taking a back seat to healthcare reform, tax reform is still on the agenda, with experts predicting Congressional action in late 2017 or early 2018.
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Blog
SEC charges Penn West Petroleum with accounting fraud
The Securities and Exchange Commission has charged a Canadian-based oil and gas company and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud.
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Blog
Auditors get notice to scrutinize SAB 74 disclosures
Auditors have been notified to be alert to whether corporate SAB 74 disclosures about pending new accounting standards are adequate.
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Blog
RiceBran Technologies names chief accounting officer
RiceBran Technologies, a food and animal feed ingredient company, has appointed Dennis Dykes as chief accounting officer. He reports directly to RBT's Chief Financial Officer Brent Rystrom.
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Blog
Doubt creeps in on ability to adopt lease rules on time
Another new poll says public companies are starting to freak out over how they’ll meet the 2019 effective date to adopt new lease accounting rules.
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Article
Proposed rules would shore up auditing of estimates
Proposed new rules for auditors could lead to more documentation and evidence requests around accounting estimates—or not—depending on how auditors have already adapted.
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Blog
New poll suggests slow uptake of new lease accounting rules
A new poll suggests nearly one-fourth of companies are not yet preparing to comply with new lease accounting standards that begin to take effect in 2019.
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Blog
FASB plans corrections to lease, financial instrument rules
FASB is planning a series of technical corrections on lease accounting and financial instruments, but it resisted the temptation to tweak revenue recognition any further.
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Blog
SOX exemption saves plenty, costs more, study says
A new study calculates the cost and benefit of exempting smaller companies from SOX internal control audits — and it suggests investors aren't better off.
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Blog
CAQ offers blueprint for asking auditors about Form AP filings
Audit committees now have some talking points on how to engage auditors and management on the audit profession's new Form AP filing requirement.
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Article
In the final push to new revenue rules, some turn to manual solutions
Delays in preparing for new revenue recognition requirements are starting to pinch the IT timeline, forcing many companies to develop manual workarounds.
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Blog
Half of Fortune 500 still non-committal on new revenue rules
More than one-fourth of Fortune 500 filers still had not figured out how they will be affected by new revenue recognition rules as of April and May.