2,126 results found

On June 29, 2023, the New York City Department of Consumer and Worker Protection (DCWP) released an FAQ regarding the city's Automated Employment Decisions Tool (AEDT) law.

In a memorandum dated June 18, 2020, the U.S. Office of Management and Budget (OMB) revised and reversed their flexibility on Single Audit submission extensions.

The FASB recently issued proposed Accounting Standards Update (ASU), Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, to respond to stakeholders’ concerns raised while implementing the guidance in ASU 2011-11, Disclosures about Offsetting Assets and Liabilities.

The FASB Board discussed the following topics related to proposed changes to the guidance for accounting by investment companies.

Last week, PCAOB Chairman William Duhnke delivered a keynote speech at the American Law Institute's Accountants' Liability 2018 Conference in Washington DC, in which he described recent efforts and future plans for the PCAOB to further its goal of ..

Yesterday, the Public Company Accounting Oversight Board issued its 2019 Staff Inspections Outlook for Audit Committees which offers a concise outline of what audit committees should expect from the PCAOB's 2019 inspections activities.

The discussion in the Preview is intended to offer useful information to auditors as they prepare for upcoming audits and to audit committees as they engage with their auditors.

Last week, the PCAOB shared additional insights regarding its latest conversations with audit committee chairs – Conversations with Audit Committee Chairs: COVID-19 and the Audit (the "Summary").

SEC and PCAOB regulations impose stringent requirements to ensure that auditors of SEC registrants are independent of their audit clients

On September 15, 2011, Financial Accounting Standard Board (FASB) issued Accounting Standards Update (ASU) No. 2011-08,Testing Goodwill for Impairment.

Consistent with its current focus on internal control over financial reporting (ICFR), the Securities and Exchange Commission recently sanctioned a company and individuals for failing to adequately evaluate and audit the company's ICFR.

Margaret McGuire, Vice Chair of the SEC’s Financial Reporting and Audit Task Force, recently offered insight into the purpose and goals of the Task Force. Speaking at a D.C. Bar event on February 11, McGuire indicated that the Task Force was established in an effort to ensure that the SEC is doing everything it can to detect and investigate financial fraud issues as early as possible.

In the wake of Mary Jo White's appointment as the new Chair of the Securities and Exchange Commission, the SEC's Division of Enforcement has sought to aggressively investigate alleged accounting violations.

The lawyer for Plaintiff Sunrise Firefighters was on the hot seat for most of the hearing on Oracle's Motion to Dismiss the Amended Consolidated Class Action Complaint.

The Texas Supreme Court heard oral argument November 7 in a case that raises far-reaching questions about the rights of private parties to contract, particularly in class action settlements.

Almost every business today operates with the support of digital tools. One recent survey put the number of companies investing in digital technologies to transform their business at an astounding 97 percent.

On the closing day of the third quarter, Company Z's financial team began running the numbers to report to executive leadership and the board on the quarter's progress.