Audit reviewers may be unduly influenced by preparers' feelings about individual clients, finds recent research.
Audit deficiencies were most prevalent in internal controls, fair value measurement, and revenue recognition, says the IFIAR.
The Financial Accounting Foundation is seeking input on how well the council has addressed the needs of private company financial statement users.
"It's pretty obvious there's going to have to be a deferral," says IASB member Patrick Finnegan.
Private companies say a new, principles-oriented approach for classifying debt as either "current' or 'noncurrent' may have unintended consequences.
Caught between the need to serve clients and the requirement to be skeptical of them, auditors may stint on audit quality.
Under the “clawback” provision of the Sarbanes-Oxley Act, executives can return to the company and its shareholders money earned during a fraud.
YRC's controller is glad that a 2014 refinancing didn't fall under 'troubled debt restructuring,' like a 2011 recapitalization did.
The challenges and opportunities ahead for finance chiefs.
Finance execs expect to have to report on forecasting, sustainability, and social responsibility within three years, adding to an already heavy…