“The work of the audit committee could be more transparent, and the evaluation of the auditor’s work could be more specific," says one former CFO.
Despite previous IRS statements, agents are combing corporate reporting of uncertain tax positions to grab more revenue.
FASB and the IASB back away from the goal of a single global accounting language.
The significant changes in revenue recognition include ones that need to be made in accounting for performance bonuses and licenses.
The accounting standards setter plans to address accounting for stock options and other share-based payments as part of its simplification initiative.
GWU business school students propose ways to highlight changing risk factors, among other recommendations for annual reports.
The impact of PCAOB inspections contributed to the rising cost of public-company audits, finds an FEI study.
The PCAOB appears to be backing away from requiring engagement partners be identified in an audit client's annual report.
Audit deficiencies attributable to fair-value measurement are increasingly related to business combinations as opposed to financial instruments.
FASB member Marc Siegel tells why the board is revisiting the cash-flow statement.