All Accounting & Auditing articles – Page 77
-
Article
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.
-
Blog
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.
-
Blog
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.
-
Blog
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.
-
Article
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.
-
Blog
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.
-
Blog
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.
-
Blog
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.
-
Blog
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.
-
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.
-
Blog
Oracle and PwC team up to offer IFRS 9 compliance expertise
Oracle Financial Services Analytical Applications and PwC have announced a global collaboration to offer technology, implementation, and consulting solutions to help financial institutions meet near-term and ongoing compliance with the International Accounting Standards Board’s new IFRS9 and FASB’s proposed CECL reporting standards.
-
Blog
Groups unveil valuation credential to aid financial reporting
With a new professional credential, the valuation profession is raising the bar on how intangible assets should be valued and documented. More from Tammy Whitehouse.
-
Blog
Bank regulators back scaling of CECL model for smaller banks
Bank regulators issued a year-end Q&A on new credit loss rules to assure examiners and institutions understand that scaled modeling of loan loss allowances is permitted. Tammy Whitehouse explores.
-
Article
Does tax reform mean tax risk for companies with deferred positions?
In the face of tax reform, companies with deferred tax assets on balance sheets could be looking at hits to earnings. But, asks Tammy Whitehouse, is that a risk to disclose to investors?
-
Blog
Companies get proactive to control audit costs, report says
Companies are mitigating increases in audit fees, and in some cases are even reducing audit costs, using some key tactics outlined in a new report. More from Tammy Whitehouse.
-
Blog
Flap over non-GAAP gets standard setters' attention
The disturbing rise of non-GAAP reporting in 2016 has prompted standard setters to take a closer look at whether changes to current rules are in order. Tammy Whitehouse explores.
-
Article
Technical side of revenue recognition still vexes companies
The more complex the transaction, the more difficult it gets to apply new revenue recognition rules. Eventually, something’s got to give, writes Tammy Whitehouse.
-
Blog
FASB finalizes tweaks on business definition
FASB has finalized new guidance to make it more clear when a particular transaction constitutes the purchase or sale of a business or just a collection of assets. Tammy Whitehouse has more.
-
Blog
White plugs for accounting convergence in parting statement
Outgoing SEC Chair Mary Jo White is urging her successor to prioritize continued improvement and convergence of accounting standards globally. Tammy Whitehouse has more.
-
Blog
Going concerns fall in 2015, but not due to better financials
Going concern filings appear to have tapered off in 2015, but that doesn’t necessarily mean public company balance sheets are getting healthier. More from Tammy Whitehouse.