All Accounting & Auditing articles – Page 76
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Blog
Lease survey suggests companies are moving toward adoption
A software company’s recent survey suggests two-thirds of companies are on schedule in adopting new lease accounting requirements, but even the firm’s CEO is wary.
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Blog
FASB appoints new members to Emerging Issues Task Force
FASB has announced the appointment of Kimber Bascom, partner-in-charge of the Accounting Standards Group of KPMG’s Department of Professional Practice, and Lawrence Dodyk, an assurance partner in PwC’s National Professional Services Group, to the Emerging Issues Task Force.
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Blog
SEC proposes requiring inline XBRL, provides IFRS taxonomy
The SEC has taken steps to advance the use and accuracy of digital financial statement data, proposing required use of inline XBRL and providing IFRS taxonomy.
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Blog
AICPA issues five new revenue recognition drafts
In the steady march to new accounting for revenue recognition, the AICPA has five more new industry-specific implementation drafts for companies to consider.
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Blog
FASB updates accounting for certain benefit plans
Companies with employee benefit plans held in master trusts have some new accounting rules to learn and observe, courtesy of the Financial Accounting Standards Board.
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Article
Is it a business or an asset? Companies get new guidance
Companies will have some new analysis to do to assure their accounting for business transactions reflects a new definition of “business” in GAAP. Tammy Whitehouse has more.
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Blog
Going concern audit rules updated for private, not public, companies
Private company audits soon will reflect new standards around the going concern call, but public companies will be getting their new standards no time soon. Tammy Whitehouse reports.
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Blog
FASB issues yet another revenue recognition clarification
Down deep in the weeds of the implementation of new revenue recognition accounting, companies have a new clarification to consider from FASB, writes Tammy Whitehouse.
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Blog
Database naming engagement partners mushrooms with new filings
The public database created by the Public Company Accounting Oversight Board to identify engagement partners overseeing public-company audits is growing, with partners on about 175 engagements now identified. Tammy Whitehouse reports.
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ArticleIRS campaigns point to new tax risks for public companies
Companies need to take a fresh look at their biggest tax risks to ensure they can withstand a new kind of scrutiny, both in tax filings and in financial statements. Tammy Whitehouse reports.
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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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Blog
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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Blog
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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Article
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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Blog
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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Article
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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Blog
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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Blog
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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Blog
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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Blog
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.