But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting…
Small publicly held companies pay more than $5,000 in audit fees (on average) for every $1 million in revenue, finds Audit Analytics.
"It's pretty obvious there's going to have to be a deferral," says IASB member Patrick Finnegan.
Caught between the need to serve clients and the requirement to be skeptical of them, auditors may stint on audit quality.
The finance staffer worked with an insider trading ring that generated nearly $750,000 in illegal profits.
If that emphasis is at the expense of PCAOB rule-making, “those priorities need to be re-examined," the SEC's chief accountant says.
IRS charged that amount for errors including end-user mistakes, tax and accounting rule errors, and organizational boo-boos.
Finance execs expect to have to report on forecasting, sustainability, and social responsibility within three years, adding to an already heavy…
Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
FASB issues an accounting standards update that eliminates the "Extraordinary Items" classification.