The PCAOB will take a second crack at a proposal to require an auditor to reveal the thinking behind troublesome audit opinions.
Increases in audit fees often signal trouble ahead for a company, and speeding disclosure of fees could “reduce the severity of negative market…
FASB struggles with changes that would make private company financial reporting easier – but only if the company remains private.
The SEC has also been frequently commenting on segment reporting, revenue recognition, income taxes and internal controls over financial reporting.
An investor lawsuit accuses a CFO of ignoring signs of fraud when he signed off on financial results, but the CFO says he believed they were accurate.
Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
Executives say they will have to make changes to internal controls and put more effort toward disclosures regarding revenue.
An audit committee review shows the rental car company overstated GAAP net income for three years.
Auditor independence violations can spawn significant costs, distract management and limit a company’s access to the capital markets
And the amount of tax data companies report changes in response.