All articles by Tammy Whitehouse – Page 29
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NIST seeks comment on cyber-security framework update
A leading framework for addressing cyber-security is getting an update, and the National Institutes of Standards and Technology is looking for input. Tammy Whitehouse reports.
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AICPA sets target to review revenue recognition issues
The AICPA is targeting the end of the first quarter to reach initial consensus to the last batch of a vast assortment of revenue recognition questions.
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In stock options, accounting simplicity begets payroll complexity
If the payroll office is scrambling to change tax withholdings for folks holding stock options, simplification in the accounting office is the likely reason why. Tammy Whitehouse reports.
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Groups unveil valuation credential to aid financial reporting
With a new professional credential, the valuation profession is raising the bar on how intangible assets should be valued and documented. More from Tammy Whitehouse.
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Bank regulators back scaling of CECL model for smaller banks
Bank regulators issued a year-end Q&A on new credit loss rules to assure examiners and institutions understand that scaled modeling of loan loss allowances is permitted. Tammy Whitehouse explores.
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Does tax reform mean tax risk for companies with deferred positions?
In the face of tax reform, companies with deferred tax assets on balance sheets could be looking at hits to earnings. But, asks Tammy Whitehouse, is that a risk to disclose to investors?
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Companies get proactive to control audit costs, report says
Companies are mitigating increases in audit fees, and in some cases are even reducing audit costs, using some key tactics outlined in a new report. More from Tammy Whitehouse.
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Flap over non-GAAP gets standard setters' attention
The disturbing rise of non-GAAP reporting in 2016 has prompted standard setters to take a closer look at whether changes to current rules are in order. Tammy Whitehouse explores.
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Technical side of revenue recognition still vexes companies
The more complex the transaction, the more difficult it gets to apply new revenue recognition rules. Eventually, something’s got to give, writes Tammy Whitehouse.
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FASB finalizes tweaks on business definition
FASB has finalized new guidance to make it more clear when a particular transaction constitutes the purchase or sale of a business or just a collection of assets. Tammy Whitehouse has more.
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White plugs for accounting convergence in parting statement
Outgoing SEC Chair Mary Jo White is urging her successor to prioritize continued improvement and convergence of accounting standards globally. Tammy Whitehouse has more.
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Going concerns fall in 2015, but not due to better financials
Going concern filings appear to have tapered off in 2015, but that doesn’t necessarily mean public company balance sheets are getting healthier. More from Tammy Whitehouse.
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PCAOB’s reorganized auditing standards rule book takes effect
Now that the calendar has turned to 2017, auditors will be following a new nomenclature with respect to citing auditing standards after a reorganization of the rules has taken effect. Tammy Whitehouse reports.
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Agenda 2017: revenue recognition, meet internal controls
In 2017, monumental accounting change in the form of revenue recognition will crash head on with continued intensity around internal controls. Tammy Whitehouse reports.
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PCAOB publishes views on conflict with China rules
To address how U.S. audit rules intersect with those in China, the PCAOB has published a four-page Q&A to explain its views on why firms subject to its rules should observe them. Tammy Whitehouse reports.
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IOSCO joins call for disclosure on new accounting standards
International regulators, like SEC in the United States, are calling on companies to give plenty of disclosure about transition to new accounting standards.
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Hanson resigns abruptly from PCAOB
Jay Hanson, the lone career auditor among U.S. audit regulators, resigned abruptly from his position at the Public Company Accounting Oversight Board. Tammy Whitehouse has more.
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FASB makes "minor, minor, minor" changes to revenue recognition
FASB has issued the last batch of intended changes to clarify or correct various points raised in the new revenue recognition accounting requirements.
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Some plan to dig into leases in 2017, some not so much
The latest poll on big accounting change says some companies are making plans to devote time in 2017 to the new requirements around lease accounting, according to Tammy Whitehouse.
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ArticleAre companies ‘grieving’ over new revenue recognition rules?
Maybe it’s a collective sense of grieving that is keeping so many companies on the sidelines as big accounting change looms over revenue recognition. Tammy Whitehouse reports.