Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
Over the 10 years of the study, tax preparation time has fallen by a total of nearly a week and a half.
Former CFO and CEO directed staff to falsify occupancy rates of senior residences to avoid violating the covenants of a lease agreement, says the SEC.
The SEC has also been frequently commenting on segment reporting, revenue recognition, income taxes and internal controls over financial reporting.
The accounting standards setter tries to clear up the issue of pushdown accounting and when it can be used.
The former CFO of Alotech defrauded the company of $1.2 million using the company's checking account and a corporate credit card.
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.
The brand-new CFO of an energy-technology firm talks about making the transition after 14 years as a venture capitalist.
For second place on the priority list, finance chiefs chose a perennial, budgeting. Periodic forecasting came in third.