All Accounting & Auditing articles – Page 75
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Blog
Oracle helps global companies manage tax reporting
Oracle announced a new finance cloud solution, Oracle Tax Reporting Cloud Service, that helps companies operating in multiple countries to meet complex taxation requirements and regulatory reporting standards imposed by each country.
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Audit change data shows differences at Big 4 firms
In the churn for new auditors, one Big 4 firm has held steady with its net number of audit clients while three others have seen net losses numbering in the 20s. Tammy Whitehouse has the results of the latest data from Audit Analytics.
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New IIA Pulse report will focus on overlooked risks
An upcoming report from the Institute of Internal Auditors will tell audit executives to turn their attention to overlooked risks as a way to win more confidence.
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Accounting for non-GAAP earnings measures
Alternative performance measures are valuable when properly used, but should traditional income statements include them? Guest columnist Gary Kabureck discusses.
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FASB to host roundtables on defining materiality in GAAP
FASB is hosting roundtable meetings in March to discuss defining materiality in accounting standards, a can of worms it opened in 2015 in connection to disclosures.
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Auditors prepare to inspect revenue recognition adoption
Public companies beware: Auditors plans to scrutinize the impending switch to new revenue recognition accounting. Tammy Whitehouse reports.
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Tipalti tax ID and document collection capabilities now cover 50 countries
Tipalti, a provider of global supplier payments automation, now supports more than 3,200 new tax validation rules across 47 countries to help finance teams keep up and stay compliant with the complex and ever-changing tax and regulatory rules across the globe.
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EY Indonesia firm settles $1 million action with PCAOB
U.S. audit regulators have settled a $1 million action with an EY affiliate in Indonesia over allegations of audit failure and noncooperation.
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Wolters Kluwer Tax & Accounting launches TeamMate+
Wolters Kluwer Tax & Accounting recently announced the launch of TeamMate+, an intuitive, easy-to-use audit power tool that delivers a modern and streamlined approach to effective and efficient internal audits.
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Second company adopts revenue rule in 2017, this time at a loss
Another aerospace company has early adopted the new revenue recognition standard, and this one says the new accounting will reduced in its reported revenue.
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Internal auditors get new guidance to protect independence
New standards tell internal auditors to safeguard their independence when asked to perform work other than internal audit—like helping with revenue recognition. Tammy Whitehouse reports.
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First engagement partner names emerging via new PCAOB rule
The earliest Form AP filings by audit firms are providing a first glimpse into who is overseeing and signing off on audit reports for public companies. Tammy Whitehouse has more.
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IRS identifies 13 "campaigns" for tighter compliance scrutiny
The IRS has issued guidance giving large business taxpayers some insight into which parts of their tax filings will get the greatest scrutiny going forward.
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Trump's 2-for-1 regulatory rollback won't touch SEC, FASB, PCAOB
President Trump’s 2-for-1 executive order meant to curtail federal regulation apparently will not apply directly to the SEC, FASB, or PCAOB. Tammy Whitehouse reports.
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SEC still zeroing in on loss contingency disclosures
Recent enforcement actions contain a not-so-subtle reminder to public companies that the SEC is still looking skeptically at legal settlements that blindside investors. Tammy Whitehouse reports.
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Raytheon adopts new revenue rule under GAAP on Jan. 1
Raytheon takes the lead among public companies in disclosing it has adopted the new revenue recognition accounting standard under U.S. GAAP as of Jan. 1. More from Tammy Whitehouse.
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FASB kills burdensome goodwill impairment test
FASB has finalized its action to eliminate “step two” from goodwill impairment testing, relieving public companies of the costly, complex fair-value exercise. More from Tammy Whitehouse.
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NIST seeks comment on cyber-security framework update
A leading framework for addressing cyber-security is getting an update, and the National Institutes of Standards and Technology is looking for input. Tammy Whitehouse reports.
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AICPA sets target to review revenue recognition issues
The AICPA is targeting the end of the first quarter to reach initial consensus to the last batch of a vast assortment of revenue recognition questions.
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Article
In stock options, accounting simplicity begets payroll complexity
If the payroll office is scrambling to change tax withholdings for folks holding stock options, simplification in the accounting office is the likely reason why. Tammy Whitehouse reports.