All articles by Tammy Whitehouse – Page 14
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Article
Big 4 fill gap in GAAP on accounting for digital currency
With no explicit guidance in GAAP on how to account for business done in digital currency, Big 4 firms are starting to arrive at conclusions of their own.
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Blog
New standard triples revenue disclosures, Deloitte finds
Public companies are roughly tripling their revenue-related disclosures to comply with the new revenue recognition standard, according to a new analysis.
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Blog
IOSCO proposal seeks to set practices for audit committees
International regulators are developing a broad proposal to call for improvements in audit committee oversight of external auditors.
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Blog
PCAOB prepares new proposals on estimates, specialists
The PCAOB is preparing to issue new proposals in the fourth quarter on auditing accounting estimates and using the work of specialists.
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Article
SEC requires shift to integrated XBRL filing
A new requirement for companies to adopt some new XBRL technology will produce different levels of compliance burden depending on how companies are complying now.
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Blog
Companies have new rules on accounting for contributions
Companies have some new guidance on how to account for contributions they receive and make that are not clearly governed by revenue recognition rules.
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Blog
PwC ordered to pay FDIC $625 million in Colonial Bank case
PwC has been ordered to pay the FDIC $625.3 million as a result of a long-running accounting fraud that caused the 2009 failure of Colonial Bank.
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Article
Supreme Court decision upends state tax law compliance
A Supreme Court decision in a state sales tax case removed long-standing case law that told state governments they could only collect sales tax on commercial activity within their state borders from sellers that had a physical presence within those borders.
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Blog
SEC requires companies to move filings to inline XBRL
The SEC will require companies to integrate their XBRL and static financial statement data into a single filing beginning in 2019 for the largest entities.
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Blog
COSO publishes ERM examples to show case studies
COSO has published an addendum to its ERM framework to illustrate examples of how to apply the framework to real situations.
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Article
SASB prepares to codify full set of sustainability standards
The movement toward corporate sustainability reporting is approaching a big milestone as the Sustainability Accounting Standards Board prepares to codify its standards.
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Blog
FASB issues new guidance on share-based payments
FASB has given companies new accounting guidance to follow when accounting for share-based payments to non-employees.
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Blog
Supreme Court rules states can collect tax from online sales
Tax departments could soon face a mountain of new activity to collect and remit state sales tax after the U.S. Supreme Court overruled longstanding case law.
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BlogU.K. audit regulator rips quality at major firms
Audit regulators in the United Kingdom have taken off the gloves in their assessment of audit quality among the major firms, especially the Big 4.
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Blog
EITF recommends asset treatment for some cloud costs
FASB’s Emerging Issues Task Force has arrived at conclusions about how companies should account for certain cloud computing arrangement costs.
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ArticleCAM discussions may drive new corporate disclosures
Audit committees may soon reconsider certain areas of corporate disclosure to get ahead of “critical audit matters” that will begin appearing in audit reports in 2019.
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Blog
For early revenue adopters, SEC digs into year-end disclosure
SEC staff are showing an interest in some specific disclosures companies are providing under the new revenue standard, based on themes emerging in comment letters.
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Blog
FASB issues guides on revenue, consolidations
FASB staff issued two new implementation guides to help companies navigate the GAAP taxonomy in the areas of revenue recognition and consolidations.
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Blog
SAB 74 disclosures still lag, PwC analysis shows
Investors are not getting much warning about assets and liabilities soon to hit corporate balance sheets as companies prepare to adopt new lease accounting rules.
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Article
Tenure disclosure puts new pressure on audit committees
Now that audit reports are beginning to disclose auditor tenure, audit committees face new pressure to give it careful consideration in retention decisions.