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  • Article

    Internal Audit Assessment Service Sheet

    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...
    United StatesAccounting and Audit
    FTI Consulting
    FTI Consulting
  • Article

    Jonathan Jacobs Believes CECL Will Have An Impact On Banks And Other Financial Institutions

    Amid the COVID-19 pandemic, the Financial Accounting Standards Board has come under pressure to relax its credit losses standard...
    United StatesAccounting and Audit
    Duff and Phelps
    Duff and Phelps
  • Article

    Navigating The Uncharted: Kelsey Weeks' Serendipitous Journey Into Forensic Accounting (Video)

    Kelsey Weeks, a Senior Associate at Ankura, navigated an unexpected yet fulfilling career path into forensic accounting. Although her academic background in accounting, marketing, and sports management.
    United StatesAccounting and Audit
    Ankura Consulting Group LLC
    Ankura Consulting Group LLC
  • Article

    New Chair And Board Member Sworn In At PCAOB

    Two new members of the Public Company Accounting Oversight Board ("PCAOB") were sworn in after being appointed by the SEC on December 12, 2017.
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Non-GAAP Explained

    The use of non-GAAP financial measures by US public companies continues to attract scrutiny.
    United StatesAccounting and Audit
    Morrison Foerster
    Morrison Foerster
  • Article

    OIG Semiannual Report Highlights FY 2016 Fraud Recoveries, Enforcement Actions

    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...
    United StatesAccounting and Audit
    Reed Smith
    Reed Smith
  • Article

    PCAOB Adopts New Auditor Reporting Standard

    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.
    United StatesAccounting and Audit
    A&O Shearman
    A&O Shearman
  • Article

    PCAOB Issues Report On Initial Impact Of CAM Requirements

    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)...
    United StatesAccounting and Audit
    Stinson
    Stinson
  • Article

    Public Companies Expected To Be Required To Disclose Government Subsidies

    This article in Bloomberg BNA reports that FASB is expected to issue new rules this year that will require public companies to disclose the amount of their government subsidies.
    United StatesAccounting and Audit
    Cooley LLP
    Cooley LLP
  • Article

    Regulatory Impact Of New Accounting Standards

    In an effort to better assess the impact on regulatory capital and the regulators' assessment of earnings of our banking clients of two new accounting standards, Accounting Standards Update No. 2016-01 Financial Instruments-Overall, and Accounting Standards Update No. 2016-02 - Leases (ASU 2016-01 and 2016-02), we recently spoke with personnel in the Boston and New York Regional FDIC offices.
    United StatesAccounting and Audit
    Baker Newman Noyes
    Baker Newman Noyes
  • Article

    SEC And CFTC Grant No-Action Relief Regarding Capital Treatment Of Deferred Tax Liabilities

    The SEC and CFTC granted no-action relief to broker-dealers (SEC) and to futures commission merchants and introducing brokers (CFTC) regarding the net capital implications resulting ...
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC And PCAOB Warn Of Impact Of Coronavirus On Financial Reporting

    SEC and Public Company Accounting Oversight Board ("PCAOB") leaders alerted market participants to potential impacts from the coronavirus on financial disclosure and reporting.
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Chair Urges Continued Efforts on Global Accounting Standards

    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."
    United StatesAccounting and Audit
    WilmerHale
    WilmerHale
  • Article

    SEC Chief Accountant Gives Speech On Effective Financial Reporting In A Period Of Change

    On November 14, 2017, SEC Chief Accountant Wesley R. Bricker gave remarks before the Financial Executives International 36th Annual Current Financial Reporting Issues Conference.
    United StatesAccounting and Audit
    Morrison Foerster
    Morrison Foerster
  • Article

    SEC Chief Accountant Recommends Improving The Quality Of Financial Reporting

    SEC Chief Accountant Wesley Bricker made recommendations to improve the quality of financial reporting for regulatory agencies and firms.
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Leaders Consider The Role And Responsibilities Of Audit Committees

    SEC Chair Jay Clayton, Chief Accountant Sagar Teotia, and Director of the Division of Corporation Finance William Hinman offered observations
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Names New Leadership At Financial Accounting Standards Board And Financial Accounting Foundation

    The SEC named Richard Jones as the next Chair of the Financial Accounting Standards Board ("FASB"). He will succeed Russ Golden, beginning his term July ...
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Withdraws Staff Accounting Bulletin No. 121

    On January 23, 2025, the SEC issued Staff Accounting Bulletin (SAB) 122, formally withdrawing the controversial SAB 121.
    United StatesAccounting and Audit
    Gesmer Updegrove LLP
    Gesmer Updegrove LLP
  • Article

    Single Audit Extension

    On March 19, 2021 the Office of Management and Budget (OMB) issued Memorandum M-21-20 that includes a six-month extension (beyond the normal due date) for single audit submissions of organizations...
    United StatesAccounting and Audit
    ORBA
    ORBA
  • Article

    What Is An Autodesk Audit

    Autodesk makes software products and is probably best known for the variations of AutoCAD.
    United StatesAccounting and Audit
    Kirkpatrick Law PC
    Kirkpatrick Law PC

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