Accounting

Accounting

Technical Accounting: The CFO’s Secret Weapon

A great partnership with accounting will actually help drive and influence financial results (legally, of course).

Shauna Watson
January 21, 2020
Auditing

SEC Planning to Loosen Auditor Independence Rules

On Monday, the SEC proposed changing the rules to keep auditor committees and auditors from spending time on "non-substantive" rule breaches.
Budgeting

Total Cost to Perform the Finance Function: Metric of the Month

The right structure, processes, technology, and people help organizations increase finance function effectiveness while growing the bottom line.
Accounting

EY Partner Named New FASB Chair

“Rich Jones brings together all of the important qualities we were looking for in FASB’s next leader,” said FAF Chairman Charles H. Noski.
Accounting

Metric of the Month: Days to Perform a Site-Level Annual Close

The process can be made faster and easier by performing pre-close activities throughout the year in the run-up to the annual close.
GAAP and IFRS

Has Non-GAAP Reporting Become an Accounting Chasm?

Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.
Auditing

RSM Charged by SEC with Violating Auditor Independence Rules

The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
Accounting

MetLife Fined $10M Over Annuity Accounting

The SEC says the insurer failed to maintain a sufficient system of internal controls, resulting in an improper release of annuity reserves.
GAAP and IFRS

FASB Proposes Later Standards Deadlines for Private Companies

The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
GAAP and IFRS

Lease Accounting Post-Adoption

Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies, and controls.
Accounting

AICPA Urges Delay of Lease Accounting Rules

FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Accounting

KushCo Loss to Double With Earnings Correction

The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.
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