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A couple of days ago, Sagar Teotia, SEC Chief Accountant, issued a Statement on the Continued Importance of High-Quality Financial Reporting for Investors in Light of COVID-19.

On Friday, SEC Chief Accountant Paul Munter released a public statement in which he expressed concerns about the risk assessment process of both auditors and management.

The SEC has announced the creation of a new enforcement team focused on auditing-related misconduct, signaling heightened scrutiny of auditors and potential SOX violations.

Software-compliance audits initiated by IBM can be extremely burdensome and time-consuming and can force companies to face challenges that are somewhat unique among major-publisher audits.

In a recent 44-page ruling, the Interior Board of Land Appeals vacated in full, without remand, an Order to Perform Restructured Accounting and Pay issued by the Office of Natural Resources Revenue (ONRR) that would have required an offshore operator to recalculate and repay more than $20 million.

In a win for Wiley's client, the United States Court of Appeals for the Tenth Circuit, applying Oklahoma law, has issued a published opinion holding that a lawsuit alleging negligence...

On March 30, the Financial Accounting Standards Board (FASB) published an updated standard to simplify some provisions in share-based compensation accounting.

As audit practices evolve, integrating technology into audit methodology becomes essential for maintaining both efficiency and audit quality.

In a software audit, there are two categories of information to be collected: data regarding what products are deployed and records demonstrating the licenses that the business has acquired.

On March 26, 2020 the Mississippi Department of Revenue issued a response to requests for relief. The response covers four main areas:...

The need for alternative investment funds to report their investments at fair value is long-standing.

The New York Attorney General has issued guidance about the audit oversight requirements under the Non-Profit Revitalization Act.

Join Carter Ledyard and management consultants Plan A Advisors on a lively exploration of nonprofit boards and bylaws. This multi-part series will help nonprofit executives and board members...

As we approach the end of conflict minerals compliance year 4 (with 3 years of reports behind us), companies are budgeting for how they will address conflict minerals in 2017.

The Public Company Accounting Oversight Board recently proposed new auditing standards that, if adopted, would substantially expand the content of audit reports.

2025 marked a year of transition at the Public Company Accounting Oversight Board (the “PCAOB” or the “Board”), with a newly constituted Board, a new Chair, and a decline in enforcement actions compared to 2024.