All Accounting & Auditing articles – Page 82
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Blog
Alert calls out audit risks under new revenue rule
With implementation of the revenue standard looming, the American Institute of Certified Public Accountants has issued some guidance to help companies keep audit risks in mind. More from Tammy Whitehouse.
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BlogLatest survey suggests uneven costs for Sarbanes-Oxley
A recent survey from Protiviti finds that half of those accelerated and large accelerated filers participating in the survey claim their external audit fees related to Sarbanes-Oxley compliance increased in fiscal 2015, while 52 percent of non-accelerated filers said their fees decreased. Tammy Whitehouse has more.
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Blog
Retailer pushes back on Delaware unclaimed property audit
Office Depot is taking on the state of Delaware over its unclaimed property audit tactics, asking the U.S. District Court in Delaware to declare that the state’s unclaimed property law violates federal law and the U.S. Constitution. Tammy Whitehouse reports.
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Article
Strength through diversity: Q&A with Maria Castañón Moats
The former chief diversity officer for PwC is now the leader of the firm’s U.S. assurance practice. With her strong background and bright future, what does Maria Castañón Moats have in store? Tammy Whitehouse has the answers.
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Audit quality improves as a result of oversight and regulation
Revised EU audit rules have formalized the Financial Reporting Council's role as the United Kingdom’s competent authority for audit. This and more developments have created a regulatory regime that is actually improving audit quality across the board. Paul Hodgson has more.
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Blog
Tripwire announces Tripwire Configuration Compliance Manager Express
Tripwire, a provider of endpoint detection and response, security and compliance solutions, announced a new version of Tripwire Configuration Compliance Manager (CCM): Tripwire CCM Express is designed to simplify compliance audits for mid-sized organizations and stand alone divisions of larger organizations.
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BlogFASB proposal would target income tax disclosures
FASB proposed a change to the disclosure requirements under Topic 740 in the Accounting Standards Codification that would require public companies to add nearly a dozen new items to their existing income tax disclosures, including income or losses from continuing operations along with income tax expense or benefit, separated by ...
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Blog
Accounting leaders advocate looking at non-GAAP accounting measures
As the Securities and Exchange Commission continues its focus on use of non-GAAP accounting measures, accounting experts are advising companies to take a look at their internal controls and assure they are appropriate. Tammy Whitehouse reports.
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Article
Inside the quest for better corporate reporting
Laura Phillips is in the trenches trying to help key capital market players understand why so many public companies sense a misalignment between how audits and managers deal with internal controls. Tammy Whitehouse gets the inside track.
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Blog
Auditing your data breach incident response plan
The time to discover when your data breach incident response plan actually works is not in the middle of data breach. Jose Tabuena offers some insights on how to make sure that the incident response plan in place is actually up to the task.
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Blog
Front-loading at HSBC
The woes at HSBC continue as executives in its forex unit face charges of trading manipulation. Tom Fox has more.
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Blog
Even CAEs see need for change, latest poll shows
It’s not just regulators or professional associations calling the internal audit profession to transformation. Even chief audit executives in the trenches recognize the internal audit function needs to evolve to remain relevant, according to a recent Deloitte study that surveyed 1,200 CAEs worldwide to get a pulse on the state ...
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Blog
FERF report spotlights audit possibilities via technology
For companies still struggling to get their arms around financial compliance, especially with respect to internal control over financial reporting, technology may provide the answer, according to the Financial Executives Research Foundation. Tammy Whitehouse reports.
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Blog
Certent acquires DisclosureNet
Certent, a provider of software-as-a-service solutions for equity compensation and financial disclosure management, has signed an agreement to acquire DisclosureNet, a provider of software-as-a-service solutions that improve the quality of external and internal reporting by enabling peer comparisons and analysis, access to accounting standards, and quantitative benchmarking.
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Blog
Profession rolls out more guidance for internal audit
Tammy Whitehouse explores new guidance and intelligence that has emerged recently on how internal audit can raise its game in the face of rising regulatory expectations and market demands.
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Article
Despite SEC approval, inline XBRL filings still provide challenges
Is the cure worse than the disease? That’s what some compliance officers are wondering as inline XBRL, a method to help facilitate the harmonization between XBRL and HTML formats for machine-readable financial data, might just be adding one more complication to an already complicated process. Tammy Whitehouse has more.
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Blog
Restatement analysis identifies seasonality to disclosures
While Audit Analytics was reviewing the results of its recent annual report on financial restatements, the company noticed an interesting—although not unexpected—trend. Restatements are most commonly disclosed in the spring.
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Blog
PCAOB targets controls, related parties in 2016 inspections
As inspectors are fanning out this year to scrutinize 2015 financial statement audits, they are looking for all the usual problem areas that have plagued audit firms the past few years, but they’re also looking at economic risks and how well auditors have observed a new standard on related-party transactions. ...
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Blog
Internal audit faces more change, technology, papers say
A pair of recent white papers by Big 4 firms suggest transformation for the internal audit profession is far from finished. In, fact, some of the biggest changes in store for the profession may still be around the bend.EY focuses its attention specifically on internal auditors in financial services, where ...
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Blog
Audit regulators globally pen agreement to share information
The International Forum of Independent Audit Regulators has adopted a memorandum of understanding around how audit regulators will cooperate in exchanging information for audit oversight purposes. Tammy Whitehouse has more.