The Consolidated Appropriations Act, 2018 ("Act"), was signed into law on March 23rd. The Act contains a number of changes to the partnership audit rules that went into effect for partnerships...

The World Health Organization (WHO) announced that COVID-19 (also known as coronavirus) has become a pandemic on March 11.

Delaware Unclaimed Property Bill passes both the Senate and the House and is now on the Governor's desk for signature. Action is required if your company is under a Delaware audit.

Once the FASB issues the proposal on their website, there will be a 30-day comment period for feedback on the proposed extension.

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 February 25, the Financial Accounting Standards Board (FASB) published its long-awaited standard on lease accounting.

The Internal Revenue Service ("IRS") final regulations and removal of temporary regulations regarding the centralized partnership audit regime ...

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

Thunder rolled down from Capitol Hill last week when Sen. Charles Grassley (R–Iowa) claimed that certain hospital systems and associations were misapplying the intent of Section 501(r)(5)(B) that prohibits the use of gross charges under the Patient Protection and Affordable Care Act.

In a decision earlier this year, a New York appellate court affirmed prior decisions holding that actuaries are not "professionals" like lawyers, doctors and accountants.

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...

Amid the COVID-19 pandemic, the Financial Accounting Standards Board has come under pressure to relax its credit losses standard...

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

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.

Two new members of the Public Company Accounting Oversight Board ("PCAOB") were sworn in after being appointed by the SEC on December 12, 2017.

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.

On July 2, the SEC announced the formation of a Financial Reporting and Audit Task Force. The task force, which will include attorneys and accountants from the Division of Enforcement, working with other offices of the SEC staff, "will concentrate on expanding and strengthening the Division's efforts to identify securities-law violations relating to the preparation of financial statements, issuer reporting and disclosure, and audit failures."