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.
The New Accounting for Collaborative Arrangements
Here's what you need to know about FASB's new guidance on "collaborative arrangements" between entities.
ASC 606: Trips, Traps, and Troubleshooting
Clever private company CFOs can learn from the mistakes, pitfalls, and land mines that tripped up their public company peers last year.
Rate of Growth in Audit Fees Doubled in 2017: FERF
New accounting standards, greater M&A activity, and PCAOB documentation requests drove up fees, according to the Financial Executives Research Foundation.
SEC: Telecom Firm Artificially Boosted Revenue
How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
16 Years Later, SOX Compliance Continues to Evolve
Sarbanes-Oxley compliance costs shot up this year, underscoring the need for companies to automate more of their compliance activities.
Want to Be a Nonprofit CFO? Much Will Be Familiar
Even in the nonprofit world, finance chiefs often view things differently than their C-suite colleagues do.
New Accounting Rules Test Companies’ Mettle
Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds PwC.
MiMedx Announces Restatement, Replaces CFO
The biotech firm's stock falls 23% but its CEO says, "It is important that investors understand that our business performance remains strong."
Deloitte & Touche Fined Over Auditing Lapse
The auditor missed errors in how Jack Henry & Associates accounted for license revenue, charges the PCAOB.
Controller Charged in Revenue Recognition Scheme
The SEC says a sales scheme that inflated financial results at Maxwell Technologies should have been detected by the former CEO and former controller.