All articles by Tammy Whitehouse – Page 20
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ArticleLease accounting relief will ease adoption—but only a little
With work winding down to get ready for the massive shift in how to recognize revenue, the next major accounting change exercise still awaits—lease accounting.
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Blog
Tax reform deal will set reporting scramble in motion
With a tax reform package all but complete, experts are alerting companies to get their tax records in order to prepare for a flurry of year-end transition activity.
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Blog
SEC appoints all new board to lead PCAOB in 2018
The SEC is cleaning house at the Public Company Accounting Oversight Board, appointing five new board members to take over the reins beginning in January.
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Blog
Delayed inspection reports will show plateau in audit improvements
When reports begin to emerge on the latest inspection findings for the major audit firms, they will show no broad, appreciable improvements over the prior year.
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Article
Time runs out on getting ready for new revenue recognition
With little time remaining to prepare for a wholesale change to revenue recognition, accounting leaders share some final insights to help companies wrap it up.
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Blog
SEC says it will respect well-reasoned revenue judgments
The SEC has signaled it doesn’t plan to pick apart the many detailed judgments they must exercise as they follow new revenue recognition rules beginning next year.
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Auditors get guidance on altering audit report
Auditors have some new guidance from the PCAOB about how to begin revising their audit reports to reflect new requirements that take effect this year-end.
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SEC halts initial coin offering, calling it fraud
Companies can expect no new guidance from the SEC anytime soon on digital currencies, but they can expect its enforcement arm to act if it sees indications of fraud.
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Article
Companies advised to stay alert to non-GAAP issues
The regulatory furor over non-GAAP reporting may be diminishing, but the need for continued corporate vigilance on proper use of non-GAAP measures is not.
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Blog
FASB agrees to simplifications to ease into new lease rule
The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.
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Blog
IRS prepares to assess penalties under Obamacare
With Obamacare still intact, the IRS plans to begin assessing penalties on companies that failed to meet their obligation to provide coverage to employees.
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SEC hones in on non-GAAP in 2016 comment letters
The SEC focused its comment letters in 2016 on non-GAAP reporting more than any other topic, surpassing even MD&A, the perennial favorite area of focus.
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Article
Audit technology pushes companies to get data in order
To stay in step with audit technology, companies need to start thinking hard about their own technological capabilities to stand up to the audit process.
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Companies make progress, face more work on revenue
Third-quarter filings suggest companies are making progress implementing new revenue rules, but still have plenty of work to do in the fourth quarter.
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Article2018’s internal audit agenda: culture, technology, and change
Internal audit plans for the coming year will reflect more consideration of corporate culture and the risks it might pose to the company’s success.
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Blog
SEC comments on leasing expected this year-end
If history is any indicator, companies can expect the SEC to begin scrutinizing disclosures about the pending new lease accounting requirements at this year-end.
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Blog
Migration to simpler goodwill test will be slow, data says
FASB may have given companies a simpler way to determine whether goodwill must be marked down, but not all public companies are rushing to adopt it.
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Blog
PCAOB reduces budget, accounting support fee for 2018
The PCAOB is reducing its budget in 2018, along with the accounting support fee companies must pay to fund the board’s audit regulatory activities.
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Tax reform pace could produce major year-end reporting
If tax reform is enacted by the end of 2017, companies could be facing a mad scramble to report the effects in their year-end financial statements.
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Calling out usual audit ills, PCAOB also ponders next steps
While acknowledging audit firms have taken measures to address adverse inspection findings, the PCAOB also is starting to ask if the firms are doing enough.