Not only are there technological obstacles, but there is also no definitive guidance on what data should be made available to auditors.
The lawsuit accused Freddie Mac executives of misleading investors about the amount of subprime housing loans on the GSE's books.
FASB responds to feedback that having different balance-sheet presentation for for debt issuance costs and debt discount spawns unneeded complexity.
The former chief of TelWorx Communications falfsified earnings and revenue in the runup to an acquisition, the SEC says.
The board votes to delay implementation for one year, after previously debating a two-year deferral.
A new study finds that the size of a finance chief's signature may be correlated with more aggressive accounting and weaker internal controls.
The SEC has been granting disqualification waivers “automatically — and disproportionately for large financial firms,” says Rep. Maxine Waters.
BDO, a Global Six firm, did particularly well, winning 54 new clients compared with 14 losses, for a net increase of 40 engagements in 2014.
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting…