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Tag: accounting

restaurant server with a pencil and pad of paper

SEC Scrutinizing Non-GAAP Disclosures in Financial Statements

restaurant server with a pencil and pad of paper

Everybody has at least one of those friends who seem to insist on making everything more complicated than it needs to be. They ask for multiple substitutions when ordering at a restaurant. They try to convince everyone to watch the obscure...

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Banker with Briefcase running away from SEC Enforcement

SEC Taking an Interest in Accounting Enforcement

Banker with Briefcase running away from SEC Enforcement

The implosions of Silicon Valley Bank and Signature Bank this month may have come as a surprise to KPMG LLP, one of the so-called Big Four accounting firms. Both banks collapsed within two weeks of KPMG signing off on their audits. In the w...

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5 blocks on a table each with a different icon (from left to right): 3 books, clip-board to-do list, stick figure as a scale, magnifying glass, and a square with gears and a checkmark. Fingers go to pick up the block with the magnifying glass icon

No CAM Do: Fewer Critical Audit Matters Appearing in Reports

5 blocks on a table each with a different icon (from left to right): 3 books, clip-board to-do list, stick figure as a scale, magnifying glass, and a square with gears and a checkmark. Fingers go to pick up the block with the magnifying glass icon

Auditors are identifying fewer critical audit matters in the typical audit report, according to an analysis from the Public Company Accounting Oversight Board. At the same time, PCAOB also found that the number of audit reports communicatin...

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FASB Renews Call for Deeper Disclosures on Income Taxes

Horseshoe on a barn wall as a good luck charm

Is the third time really a charm? That’s the hot question floating around the offices of the Financial Accounting Standards Board in Norwalk, Connecticut, as the group once again pushes for expanding disclosure of corporate income taxes. Th...

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PCAOB Looks to Refresh Quality Control Standard for Accounting Firms

In the sci-fi classic “Terminator 2: Judgment Day,” the film’s heroes find themselves once again on the run from a relentless robotic assassin from the future. In the first sequel to the original “Terminator” film, the new Terminator, dubbe...

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