Audit committee

ComScore to Restate Three Years of Financials
Risk & Compliance

ComScore to Restate Three Years of Financials

An internal investigation concludes that the company incorrectly recognized nonmonetary transactions as revenue.
By Matthew Heller | September 16, 2016
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Staffing Firm Fires CFO for Misstating Costs
Risk & Compliance

Staffing Firm Fires CFO for Misstating Costs

Barrett Business Services stock plunges 33% after it discloses James Miller made "“unsupported journal entries” in financial records.
By Matthew Heller | March 11, 2016
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Thirteen Hot Shareholder Topics for 2016
Risk & Compliance

Thirteen Hot Shareholder Topics for 2016

Executives and boards should be prepared to address these issues with shareholders at annual meetings this year.
By CFO Staff | March 8, 2016
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Brixmor Property’s CFO, Other Top Execs Resign
Risk & Compliance

Brixmor Property’s CFO, Other Top Execs Resign

CFO Michael Pappagallo leaves the REIT after an internal review finds employees "smoothed" income to make quarterly results more consistent.
By Katie Kuehner-Hebert | February 8, 2016
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IIA Calls for Internal Auditors at All Public Companies
Regulation

IIA Calls for Internal Auditors at All Public Companies

The organization tells the SEC that an internal audit function should be recognized as "a matter of basic good governance."
By Matthew Heller | September 14, 2015
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Big Firms Expanding Voluntary Audit Disclosures
Governance

Big Firms Expanding Voluntary Audit Disclosures

More companies are disclosing how they oversee external auditors and the audit committee's involvement in the auditor selection process.
By Matthew Heller | September 9, 2015
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Nearly Half of Public Company Audits Found Defective
GAAP and IFRS

Nearly Half of Public Company Audits Found Defective

Audit deficiencies were most prevalent in internal controls, fair value measurement, and revenue recognition, says the IFIAR.
By Matthew Heller | March 4, 2015
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Are Audit Committees Overworked?
Corporate Finance

Are Audit Committees Overworked?

The risk environment is clearly straining many audit committee agendas, finds a KPMG survey.
By Katie Kuehner-Hebert | January 30, 2015
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Hertz Board Finds $87M in Accounting Errors
Risk Management

Hertz Board Finds $87M in Accounting Errors

An audit committee review shows the rental car company overstated GAAP net income for three years.
By Matthew Heller | November 14, 2014
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Investors Suggest External Auditor Review of Audit Committees
Management Accounting

Investors Suggest External Auditor Review of Audit Committees

“The work of the audit committee could be more transparent, and the evaluation of the auditor’s work could be more specific," says one former CFO.
By Matthew Heller | October 24, 2014
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Fortune 100 Disclosing More About Audit Committees
Management Accounting

Fortune 100 Disclosing More About Audit Committees

In their proxy statements, more large companies are explaining how they pick an external auditor, says EY.
By | September 9, 2014
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Auditors Favor Curbs on Changes to the Audit Report
Risk & Compliance

Auditors Favor Curbs on Changes to the Audit Report

Ninety-eight percent of “critical audit matters” identified during a field test involving 51 audits were previously communicated to the audit committee.
By David Katz | June 20, 2014
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It’s Time for Boards to Have Technology Committees
The Cloud

It’s Time for Boards to Have Technology Committees

Boards should focus as much on technology as they do on financial statements and executive compensation.
By Timothy Chou | April 15, 2014
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Internal Auditor Reports Getting ‘Sanitized’
Risk Management

Internal Auditor Reports Getting ‘Sanitized’

But one audit committee chair knows how to get a fuller picture from internal auditors.
By David Katz | April 9, 2014
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How Allstate’s Internal Audit Chief Tackles Fraud
Leadership

How Allstate’s Internal Audit Chief Tackles Fraud

The insurer's top internal auditor works with the CFO and the chair of the audit committee to prevent financial misstatements.
By David Katz | October 29, 2013
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