All articles by Tammy Whitehouse – Page 4
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ArticleSEC takes questions on knock-on effects of new lease rules
SEC staff members met with the Center for Audit Quality’s SEC Regulations Committee to acknowledge concerns and answer questions associated with new lease accounting rules.
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ArticlePCAOB to auditors: better document independence issues
The Public Company Accounting Oversight Board issued guidance to auditors to explain how they should handle communication with audit committees under Rule 3526.
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Bricker resigns chief accountant post at SEC
Wes Bricker, chief accountant at the Securities and Exchange Commission, is leaving his post in June, to be succeeded by Sagar Teotia as acting chief accountant.
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SEC eyeing non-GAAP numbers that alter GAAP
SEC staff members are signaling to public companies that they still have concerns over uses of non-GAAP measures that seem to thumb their nose at GAAP.
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New bill sits on Senate agenda to block, study CECL
A new bill intended to block CECL is awaiting action in the Senate Banking Committee, much to the delight of big banks.
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ArticleSEC focus: Reduce burden while protecting investors
The SEC has stuck to its promise to focus on initiatives that can improve capital formation and lighten the regulatory burden.
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GE shareholders still want new auditor, vote suggests
While the rancor appears to have softened a bit, General Electric shareholders are still signaling to the audit committee that they want a new auditor.
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ArticleKristy-Grant Hart: Six strategies to win more resources for compliance
Getting resources to fund and execute important compliance initiatives takes some carefully crafted strategy, said compliance expert Kristy Grant-Hart during an inspirational keynote at Compliance Week’s annual conference.
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ArticleInside look at compliance challenges of Trump White House
Establishing compliance and ethics under the Trump administration provided valuable lessons on dealing with media and preparing for crises, said Compliance Week annual conference keynote Stefan Passantino.
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ArticleCompliance pioneer defines the future path of profession
Compliance functions of the future need to better use data, measure outcomes, and deal with differing views on what constitutes good ethics, says expert Hui Chen.
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ArticleDOJ looks for robust internal audit, guidance says
Companies have new reasons to dial up internal audit in light of recent DOJ guidance on how its prosecutors should evaluate corporate compliance programs.
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ArticleFASB revises CECL to resolve dual measurement glitch
FASB has finalized a small change to CECL to help companies that were facing a conundrum based on a fair-value election elsewhere in GAAP.
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ArticleNon-banks still have plenty of work ahead to adopt CECL
Efforts to adopt CECL are generally underway in the banking sector, but companies outside financial services may still have plenty to do.
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ArticleSOX did not end audit opinion shopping, study says
Despite regulatory efforts to make auditors more independent and more skeptical, companies have been able to shop for audit opinions, a new study says.
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ArticleSome companies are ready for CECL, some are not
Citigroup raised its expected loan loss reserves under CECL as it prepares for parallel testing of its methodology, but plenty of organizations have barely started.
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ArticleAudit committees get some help overseeing CECL
The Center for Audit Quality is giving audit committees a hand in overseeing implementation of the new credit losses standard.
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ArticlePCAOB inspectors find recurring problems, but evidence of effort
Auditors are still struggling with many of the same issues that have appeared prominently in inspection reports the past several years—but many firms are taking steps to address recurring problems, audit regulators say.
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ArticleLeo Mackay, Jr.: The compliance commander
The former Navy pilot brings military tenets into business ethics and compliance.
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ArticleStephen C. King: The intrepid investigator
In an effective, disarming style, this Top Mind is using investigations to guide compliance, not just club noncompliance.
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Citing misconduct in procurement, Kraft will restate
Kraft Heinz will restate nearly three years of financial results after determining employee misconduct in procurement caused a net $208 million misstatement in product costs.