Accounting

ASC 606: What’s the Impact So Far?
Revenue Recognition

ASC 606: What’s the Impact So Far?

From an investor perspective, it's difficult to tell how much of any change in revenue or earnings is due to the new revenue recognition rule.
By Derryck Coleman and Olga Usvyatsky | March 5, 2018
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Auditor Independence Rule Isn’t Tough Enough
Risk & Compliance

Auditor Independence Rule Isn’t Tough Enough

Requiring top corporate executives to be only a year or two removed from a prior job with the company's auditor is insufficient, study suggests.
By David McCann | February 12, 2018
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Big Pension Funding Opportunity Is At Hand
Risk Management

Big Pension Funding Opportunity Is At Hand

There's plenty of time left to save bucks on 2017 taxes by accelerating pension contributions, but beware surpassing the 100%-funded level.
By Brian Donohue | February 1, 2018
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FASB Seeks Rescue of Stranded Taxes
Tax

FASB Seeks Rescue of Stranded Taxes

Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
By David Katz | January 24, 2018
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Six CPAs Accused of Rigging Audit Inspections
Risk & Compliance

Six CPAs Accused of Rigging Audit Inspections

The SEC says PCAOB staffers leaked confidential materials to KPMG partners to boost the firm's inspection results.
By Matthew Heller | January 23, 2018
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‘Taxpayer Friendly’ IRS Guidance Could Ease Offshore Worries
Tax

‘Taxpayer Friendly’ IRS Guidance Could Ease Offshore Worries

The IRS and Treasury rush to clarify uncertainties about repatriation of offshore earnings.
By David Katz | January 10, 2018
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PwC Found Liable for $2B Colonial Bank Fraud
Risk & Compliance

PwC Found Liable for $2B Colonial Bank Fraud

A judge rules the accounting firm failed to meet professional standards in its audits of Colonial's mortgage warehouse lending division.
By Matthew Heller | January 2, 2018
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Deferred Taxes Could Drive Big Earnings Swing
Tax

Deferred Taxes Could Drive Big Earnings Swing

The new tax cuts will make winners out of companies with big deferred tax liabilities and losers of those with large tax assets, an expert forecasts.
By David Katz | December 22, 2017
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Investors Speak: Down With GAAP!
Risk & Compliance

Investors Speak: Down With GAAP!

Non-GAAP metrics command far more attention from investors than do the official numbers, new research shows.
By David McCann | December 18, 2017
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Investors on Rev Rec Changes: Who Cares?
Risk & Compliance

Investors on Rev Rec Changes: Who Cares?

The changes to GAAP accounting for revenue recognition won't have a material effect on companies' finances, investors say.
By David McCann | December 13, 2017
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SEC Accountants Voice Resource Constraints
Risk & Compliance

SEC Accountants Voice Resource Constraints

The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
By David Katz | December 5, 2017
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Judgment Calls Stalk Revenue Recognition
Revenue Recognition

Judgment Calls Stalk Revenue Recognition

Non-cash and financing components could become brain busters under the new, principles-based revenue recognition standard.
By David Katz | December 1, 2017
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Shares Drop When Cos. File Late: Study
Financial Reporting

Shares Drop When Cos. File Late: Study

Investors punish companies for late financial statements, according to new research.
By David Katz | November 29, 2017
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How Revenue Recognition Impacts Pricing Strategy
Revenue Recognition

How Revenue Recognition Impacts Pricing Strategy

The new revenue recognition rules demand tight teamwork between pricing and revenue teams.
By Monika Saha | November 27, 2017
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Rev Rec Rule Transforms Accounting: FASB’s Siegel
Revenue Recognition

Rev Rec Rule Transforms Accounting: FASB’s Siegel

The revenue recognition standard will turn a diverse set of industry standards into “one framework about how to think about revenue.”
By David Katz | November 15, 2017
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