All articles by Tammy Whitehouse – Page 17
-
Article
Auditors develop early plans for how to audit blockchain
Blockchain is evolving rapidly from enigma to imperative in financial reporting circles, and one audit firm has even introduced an audit approach.
-
Blog
FASB addresses feedback to lease, hedge proposals
FASB has reached some preliminary decisions about how it will revise rules on lease accounting and hedging to address implementation questions.
-
Blog
SEC answers questions on XBRL for IFRS filers
Foreign private issuers who file their financial statements following IFRS are getting some helpful tips from the SEC on how to do so in XBRL.
-
Blog
After audit, IRS agrees to revisit Schedule UTP
Encouraged to modify or do away with the filing entirely, the IRS is taking a look at how it might revise Schedule UTP regarding uncertain tax positions.
-
Blog
Former EY partner wins appeal of PCAOB disciplinary action
An appeals court has thrown out a PCAOB disciplinary finding against a former EY audit partner that was reviewed and supported by the SEC.
-
ArticleInternal auditors hear call to innovate, take up technology
The newest intelligence is calling on audit leaders to embrace their new normal—that nothing is normal—and innovate with technology to face it.
-
Blog
New study shows low levels of comprehensive ERM
Formalized, comprehensive approaches to ERM are not terribly baked into corporate practices, according to a recent study by the accounting profession.
-
Blog
SEC approves updated and new taxonomies for XBRL filings
The SEC has approved both the 2018 GAAP Financial Reporting Taxonomy and a new SEC Reporting Taxonomy that companies need to use to complete XBRL filings.
-
Article
Weary from accounting change, companies gear up for leases
With year-end reporting and revenue recognition implementation nearly complete, firms are preparing for their next accounting freak out—this time over leases.
-
Blog
Study establishes link between fee pressure and audit quality
New academic research suggests there is indeed a correlation between pressure on audit fees and audit quality — and it’s not pretty.
-
Blog
IRS winds down voluntary disclosure, ramps up investigations
Just as the IRS bolsters its international enforcement capabilities and activities, it is also phasing out its voluntary disclosure program.
-
Blog
SEC settles with audit firms over unregistered work
The SEC has settled charges with foreign affiliates of KPMG, Deloitte, and BDO for overseas audit work that was not properly registered with the PCAOB.
-
Blog
Reporting improves with KAM disclosures, study says
After a year of reporting “key audit matters” in audit reports abroad, financial reporting has improved, says a study by a global accounting group.
-
Article
Companies scramble to wrap up new revenue recognition
In the transition to new accounting rules on revenue recognition, it appears many companies are still trying to wrap up their implementation work.
-
Blog
PwC internal audit study centers on need for innovation
Technology and innovation should be a priority for internal auditors, in terms of both the risks it produces and how auditors use it to address risks.
-
Blog
IFIAR reports some audit improvement; calls for more
Audit regulators globally say they’re seeing some incremental improvement in audit inspection results, but not yet enough.
-
Blog
PCAOB censures former engagement partner over Koss audits
The PCAOB has censured the partner who oversaw audits at Koss, where a top finance executive went prison on charges of embezzling more than $30 million.
-
Blog
New study says long audit tenure slows corrections
Recently published academic research suggests there is indeed a detriment to audit quality when audit firms hold long tenures on audit engagements.
-
Article
Early adopters of simpler hedge rules pause in uncertainty
Simpler hedge accounting regulations have accountants and FASB alike wondering if they need even further clarification.
-
Blog
FASB fixes financial instruments, proposes fix to cloud costs
FASB has finalized some technical corrections to its standard on financial statements and proposed new guidance on accounting for certain cloud computing costs.