CFOs Shout Down Idea of Mandatory Auditor Rotation
The PCAOB's effort to push the concept forward meets with considerable ire from the corporate side.
Will Auditors Influence How Executives Are Paid?
PCAOB proposals would have auditors reading the employment and compensation contracts of corporate leaders and, possibly, forcing changes to comp programs due to unacceptable risks of material restatement.
Censuring E&Y, PCAOB Hits Firm’s Lack of Skepticism
The regulator has imposed its largest penalty, $2 million, on Ernst &spamp; Young over the auditor's review of a company’s revenue-recognition practices.
The Cost of Confidence
Two proposals aim to increase auditor independence, but may cause problems for CFOs.
Cutting Costs Out of the Last Audit Mile
Audit complexity is a growing – and costly – problem for CFOs of big and small companies.
The Goodwill Two-Step
FASB's new way to bypass numeric goodwill testing might add to the compliance costs of big, complex companies rather than curb them.
PCAOB: Deloitte Trusted Management Too Much
In a rare release of information about one of its inspections, the regulator noted deficiencies stemming from Deloitte's culture.
Making Audits More Audible
New rules would require auditors to speak up about possible problems, and describe in more detail what they do and don&spamp;rsquo;t look at.