Audit

High tax rates and cybersecurity are among the most pressing concerns of CFOs at technology companies, according to a new survey by BDO USA.

The Equipment Leasing and Finance Association, a trade association that represents companies in the equipment finance sector, had been pushing back against some of the earlier versions of the new lease accounting standard that were proposed in recent years, but it is satisfied with the final standard.

Now that the Financial Accounting Standards Board has released its long-awaited lease accounting standard, companies and their accountants will need to get ready to put their operating leases on the balance sheet.

The Financial Accounting Standards Board issued its long-awaited lease accounting standard Thursday, one of the major convergence projects on which it has collaborated for a decade with the International Accounting Standards Board.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard Thursday.

A post-implementation review of the Financial Accounting Standards Board’s 1997 standard on earnings per share found the standard generally achieved its purpose.

Christine Ann Botosan, an accounting professor at the University of Utah’s David Eccles School of Business and a former president of the American Accounting Association, has been appointed as the newest member of the Financial Accounting Standards Board.

Chief audit executives are not so confident about the accuracy of the data their companies rely on to make decisions.

The American Institute of CPAs’ Accounting and Review Services Committee has issued an interpretation on reviews of financial statements.

The Securities and Exchange Commission has charged Marrone Bio Innovations, a pesticide company, and its former chief operating officer, with inflating financial results to meet projections it would double revenues in its first year as a public company.

CFOs and audit committee chairs are not getting enough insights into corporate risk management from their companies’ internal audit function, according to a new survey.

Charles Munger just burned through another auditor.

Audit committees need to have oversight of risks to their organizations from third parties such as suppliers, distributors, sales people and service providers, according to a new report.

Internal audit practitioners are facing new demands for improving cybersecurity and communicating the risks of cyberattacks to their organizations, according to a new report.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard this quarter, and companies are bracing for the impact on their balance sheets.

Under the Whistleblower Program, the SEC must make monetary awards to eligible individuals who voluntarily provide the Commission with original information about a violation of the federal securities laws that has occurred, is ongoing, or is about to happen.

The International Public Sector Accounting Standards Board has released for comment an exposure draft amending the standards for public sector entities under the cash basis of accounting.

The International Ethics Standards Board for Accountants has released for public comment an updated exposure draft on a standard for addressing how audit firm personnel should act toward an audit or assurance client who has a long association with the firm.

Hans Hoogervorst has been re-appointed as chairman of the International Accounting Standards Board for a second five-year term, but his vice-chairman, Ian Mackintosh will not be seeking a second term.

The U.S. Securities and Exchange Commission is investigating whether Boeing Co. properly accounted for the costs and expected sales of two of its best known jetliners, according to people with knowledge of the matter.