All Accounting & Auditing articles – Page 73
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Article
Internal auditors show signs of taking up data analytics
Internal audit shops are buzzing over data analytics, with more audit leaders planning to adopt or expand their use across the scope of their audit work.
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Blog
Restatement study will show second year of decline in 2016
Restatements in 2016 experienced a drop of 11 percent one year after dropping 12 percent and following a stubborn leveling off from 2008 to 2014, showing another year of incremental improvement in financial reporting.
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Blog
CAQ, others issue update to auditor assessment tool
Audit committees have an updated tool available for use to help them assess their external auditors, courtesy of a collaborative group of advocates for audit quality.
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Article
Latest internal audit studies suggest path forward for leaders
The latest crop of internal audit studies reveal some promising insights into the trajectory of the profession and strategies to undertake on the path forward.
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Blog
Top accountant provides blueprint for effective audit committees
From education to composition, the SEC's top accountant recently gave audit committees a primer on everything it takes to be effective in the job these days.
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Blog
Is KPMG getting tainted audit inspection results?
The inspection information leak that led to dismissals at KPMG and the PCAOB raises big questions about how to assure fair and transparent inspection results for all Big 4 firms.
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Blog
KPMG, PCAOB dismiss personnel over inspection leak
Heads are rolling at both KPMG and the PCAOB over an information leak that gave KPMG auditors a leg up heading into its annual regulatory inspections.
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Blog
Investors demand more ESG disclosure, new study says
Investor interest is growing in getting expanded information out of companies about their environmental, social, and governance issues, based on a recent global study.
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Blog
Regulators globally say 42 percent of audits are deficient
Audit quality is an even bigger concern outside the United States, where inspectors spot deficiencies at major network firms in 42 percent of the audits they check.
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Blog
Pension sponsors pay unnecessary premiums, study finds
Companies sponsoring defined benefit pension plans have seen their PBGC premiums skyrocket in recent years — in some cases needlessly.
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Article
Revenue recognition implementation way behind schedule for most: survey
With less than a year to go before implementation, a new survey from Workiva shows that many companies are not as prepared as they ought to be.
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Article
As firms adopt revenue rules, are they ignoring disclosure?
Whether you think your company is ready for the new accounting for revenue recognition or not, it’s probably not ready to comply with new disclosure requirements.
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Blog
AICPA release 11 more revenue recognition drafts
Accounting experts are releasing their latest views on how to apply the new revenue recognition standard to some industry-specific questions.
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Blog
FASB shortens write-down period for some debt securities
The Financial Accounting Standards Board has settled on a new way for companies to amortize, or write down the value, of certain debt securities.
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Blog
Execs use audit insights to improve business, poll says
A Deloitte poll says C-suite executives and audit committee members use audit insights to improve business performance and operational processes.
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Blog
Internal audit increases uptake in data analytics
Internal auditors are developing at least a baseline capability in data analytics, with most departments using the high-tech tools or making plans to do so.
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Blog
Going concern rules produce puzzling disclosure scenario
Companies and their auditors are following different going concern disclosure rules, leading to a puzzling disclosure from Sears that has left capital market players scratching their heads.
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Blog
PCAOB inspection findings rise at Grant Thornton
While audit inspection findings across the major firms generally improved in the most recently reported year, such was not the case at Grant Thornton.
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Blog
Newest internal audit poll calls for focus on disruption
If there’s a point to internal audit beyond fulfilling a compliance requirement, it seems as if corporate America is still trying to figure it out.
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Article
Can inline XBRL save XBRL, or at least improve data quality?
Slow progress in shifting financial statement data to the digital realm may be getting a boost, but the clock is ticking for proponents to show the real benefits of XBRL.