All articles by Tammy Whitehouse – Page 25
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Article
10 reasons to be wary of new auditor disclosure rules
New disclosures required by auditors don’t produce any direct new rules for the public firms they audit, but companies can expect at least 10 potentially serious consequences.
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Blog
FASB nears release of final standard on hedge accounting
FASB plans to issue its final standard on hedge accounting in August, taking effect in 2018 among other major accounting changes over the next few years.
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ArticleValuation specialists rise to financial reporting challenge
Companies can expect some shift in how valuation specialists produce and document valuations underpinning financial statement assertions.
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Blog
Deloitte analysis shows slow move to new revenue rules
An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.
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Blog
The latest strains in revenue rule adoption: technology
It’s starting to get tense in the trenches where finance and technology staff are preparing to implement new revenue recognition standards in 2018.
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Blog
PCAOB floats new rules for auditing estimates, specialists’ work
Audit regulators have proposed two new standards to beef up requirements for auditors as they scrutinize accounting estimates and the work of specialists.
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Blog
Auditors get new disclosure requirements sure to expand audits
Auditors have just been handed extensive new disclosure requirements that are largely expected to make public company audits take more time and cost more money.
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Article
Financial instrument rule plays second fiddle to bigger changes
As companies prepare for new revenue recognition and lease accounting standards, a new rule on how to classify and measure financial instruments is finding itself on the back burner.
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Blog
FASB warns Codification to undergo reconstruction
The FASB is advising accountants to sit tight through some reconstructive work in the coming months in the online Accounting Standards Codification.
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Blog
Global report suggests better leveraging audit committees
Audit regulators are pondering how audit committees can be better leveraged to raise the bar on audit quality, including whether audit committees should have a more direct line of contact with audit regulators.
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Blog
Auditors armed with new method to audit cyber-risk
Auditors now have a new guide available to them to help examine and report on companies’ efforts to manage their cyber-risk, and the profession is touting their ability to contribute to the effort.
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Blog
PCAOB preps final rule on audit report, proposal on estimates
The PCAOB is preparing to issue a final standard to overhaul the audit report and to propose new rules on auditing accounting estimates and using the work of specialists.
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Blog
Valuation group proposes rules for contingent consideration
A professional valuation group is working on new guidance that would produce formal standards on how to value contingent consideration, a common provision in business combinations.
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Article
Have you vetted fraud risk under new revenue standard?
The risk of fraud in revenue recognition is growing as companies’ sluggish adoption of new rules creates fresh opportunities for would-be perpetrators.
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Blog
IASB issues big change in accounting for insurance contracts
The IASB has issued new standard on how to account for insurance contracts, considered among the most significant changes ever made to international accounting rules.
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Blog
FASB asks for ideas to make GAAP Taxonomy easier to use
Companies that have struggled with navigating the U.S. GAAP Taxonomy to complete their XBRL filings will want to weigh in on the effort to make it more useable.
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Blog
FASB clarifies stock compensation, service agreement accounting
In a pair of updates to accounting standards, the FASB is looking to shore up differences in how companies account for stock compensation and service concession arrangements.
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ArticleTechnical conclusions taking shape in revenue recognition
Technical consensus is starting to gel in certain aspects of the new revenue recognition accounting requirements, but the answers are not black and white.
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Blog
FASB addresses lease accounting transition questions
Facing questions about how to transition to the new lease accounting requirements in 2019, FASB recently explained what it had in mind when it issued its guidance.
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Blog
IIA guidance digs into big data risks, opportunities
Big data represents both a growing risk and a growing resource for internal auditors, prompting the IIA to offer new guidance to address it and leverage it.