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.
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.
Voluntary Audit Disclosures Continue to Grow
An EY report says more companies are disclosing how they oversee and appoint external auditors and the reasons for changes in fees.
ComScore to Restate Three Years of Financials
An internal investigation concludes that the company incorrectly recognized nonmonetary transactions as revenue.
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.
Thirteen Hot Shareholder Topics for 2016
Executives and boards should be prepared to address these issues with shareholders at annual meetings this year.
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.
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."
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.
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.
Are Audit Committees Overworked?
The risk environment is clearly straining many audit committee agendas, finds a KPMG survey.