Audit committee Archives - CFO

PCAOB Inspection of SPAC Audits Finds Flaws

PCAOB Inspection of SPAC Audits Finds Flaws

The U.S. audit watchdog found at least one deficiency in 46% of about 115 SPAC-related audits it inspected.

By Vincent Ryan | April 24, 2023

EY, Partners Charged With Auditor Independence Violations

EY, Partners Charged With Auditor Independence Violations

The charges may reignite the discussion around the too-cozy relationship of some finance executives and their audit firms.

By Vincent Ryan | August 2, 2021

Audit Chairs Give 2020 Audits Mixed Reviews

Audit Chairs Give 2020 Audits Mixed Reviews

In discussions with the PCAOB, audit committee chairs cited areas of auditor strengths and weaknesses.

By Vincent Ryan | February 2, 2021

Anatomy of a Short Attack

Investor Relations

Anatomy of a Short Attack

The current conditions of the COVID-19 pandemic have created a perfect storm for companies that are subject to an attack by short-sellers.

By Vincent Ryan | May 26, 2020

SEC Planning to Loosen Auditor Independence Rules

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.

By Vincent Ryan | January 2, 2020

CAQ Releases Guide to Reviewing Auditors

Investor Relations

CAQ Releases Guide to Reviewing Auditors

There continues to be interest from investors, regulators, and others regarding how audit committees perform their responsibilities, says the CAQ.

By Vincent Ryan | April 2, 2019

Audit Committees Warned on Meeting with PCAOB

Audit Committees Warned on Meeting with PCAOB

When the PCAOB asks to speak with an issuer's audit committee, it "may be a gateway to enforcement activity," note attorneys from Stinson Leonard Street.

By Vincent Ryan | March 19, 2019

Chief Audit Execs: Internal Audit Can Do Better

Chief Audit Execs: Internal Audit Can Do Better

CAEs say their function doesn't make adequate efforts in communicating with the board and management, among other shortcomings.

By David McCann | March 6, 2019

Lesson from Nissan: Go the Extra Mile

Risk Management

Lesson from Nissan: Go the Extra Mile

When it comes to executive compensation reporting, err on the side of over-disclosure.

By Robert Rostan | December 19, 2018

Not Your Father’s Tax Department Anymore

Not Your Father’s Tax Department Anymore

The complexities wrought by tax reform could prompt companies to revamp their tax leadership, a recruiter says.

By Lenny Vairo | May 25, 2018

Symantec Stock Dives on News of Internal Probe

Financial Performance

Symantec Stock Dives on News of Internal Probe

The cybersecurity firm discloses the audit committee of its board has begun an investigation of "concerns raised by a former employee."

By Matthew Heller | May 14, 2018

SEC Audit Committee Rule Is Worthless: Study

Risk & Compliance

SEC Audit Committee Rule Is Worthless: Study

Investors gain no benefit from a 1999 rule requiring audit committees to have at least three members and be free of conflicting interests, research finds.

By David McCann | November 1, 2017

External Board Membership: Gains & Pains

Robotic Process Automation

External Board Membership: Gains & Pains

CFOs that hold directorships for others swear by the benefits, but the majority that don't serve on boards have good reasons for shying away.

By David McCann | August 21, 2017

Audit Committees Face Expertise, Risk Management Challenges

Risk Management

Audit Committees Face Expertise, Risk Management Challenges

More than four in ten (41%) audit committee members say the effectiveness of companies' risk management programs poses the greatest challenge this year.

By Sean Allocca | January 11, 2017

S&P 500 Firms Beefing Up Audit Disclosures

Financial Reporting

S&P 500 Firms Beefing Up Audit Disclosures

A survey finds disclosure of information on key areas of external auditor oversight has more than doubled in the past two years.

By Matthew Heller | November 2, 2016