2,126 results found

It is unavoidable – public companies must disclose sufficient information to allow an independent accounting firm to perform the financial statement audits necessary for compliance with federal securities laws.

On May 9, the Department of Defense Inspector General ("DoD IG") released Audit Report No. DODIG-2017-081, Summary of Audits on Assessing Contractor Performance: Additional Guidance and System...

The European Parliament and the EU member states recently reached a preliminary agreement on auditor reform. The agreement includes a provision mandating auditor rotation every 10 years for listed companies, banks, and insurance companies, with extensions for 10 years, if the engagement is put out for public bid, and 14 years, if the audit is conducted by multiple firms.

On October 1, 2017, the Delaware Department of Finance published final regulations in the Register of Regulations repealing its former unclaimed property regulations and promulgating...

The SEC's chief accountant has recently indicated that there were concerns at the SEC regarding auditor independence as a result of this push for non-auditing work from accounting firms

The role of internal auditing is expanding rapidly in complexity and scope as companies cope with myriad regulations, technological transformation, legacy transition, and external threats...

Microsoft licensing is a complex, multi-faceted undertaking, with different rules and license metrics applying to different products.

The SEC recently brought an unusual case in which the alleged violations of law related principally to failure to maintain adequate internal control over financial reporting.

The HHS Office of Inspector General's (OIG) latest its Semiannual Report to Congress highlights top audits, investigations, and enforcement activities for the period of April 1 to September 30, 2016...

On 1 June 2017, the Public Company Accounting Oversight Board ("PCAOB") adopted new standard S 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.

The PCAOB's latest expansion of its outreach efforts follows a little over a year from the launch of its Audit Committee Dialogue webpage.

The PCAOB released an interim analysis report and two accompanying white papers providing the PCAOB's perspective on the initial impact of critical audit matter (CAM)...

Companies’ capital raising activities and equity-based employee benefit plans would be adversely affected if the PCAOB adopts its reproposed amendments to require disclosure in the auditor’s report of (1) the name of the engagement partner on the most recent period’s audit, ...

SEC and Public Company Accounting Oversight Board ("PCAOB") leaders alerted market participants to potential impacts from the coronavirus on financial disclosure and reporting.

Outgoing Securities and Exchange Commission (SEC) Chair Mary Jo White has urged her successor and the SEC to continue to pursue high-quality, globally accepted accounting standards "as one of its highest priorities."

On November 14, 2017, SEC Chief Accountant Wesley R. Bricker gave remarks before the Financial Executives International 36th Annual Current Financial Reporting Issues Conference.

In May 7 remarks at Baruch College, SEC Chief Accountant James Schnurr appeared to acknowledge what many have expected for some time—it is unlikely the SEC will mandate the incorporation of IFRS into US accounting standards.