Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
Al Drewes describes his move from publicly held Pepsi Bottling Group to private-equity-owned Sun Products.
The PCAOB will take a second crack at a proposal to require an auditor to reveal the thinking behind troublesome audit opinions.
Increases in audit fees often signal trouble ahead for a company, and speeding disclosure of fees could “reduce the severity of negative market…
The SEC has also been frequently commenting on segment reporting, revenue recognition, income taxes and internal controls over financial reporting.
Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
Executives say they will have to make changes to internal controls and put more effort toward disclosures regarding revenue.
Auditor independence violations can spawn significant costs, distract management and limit a company’s access to the capital markets
And the amount of tax data companies report changes in response.
Among the 10 worst global companies for organizational transparency and country-by-country financial disclosures: Berkshire Hathaway.