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…
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.