Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Tag: accounting

overturned boat in water

Dems Join Crusade to Overturn Contentious SEC Crypto Accounting Guidance

overturned boat in water

Several House Democrats have thrown their support behind a congressional effort to overturn controversial accounting guidance that affects how regulated banking organizations account for and safeguard their customers’ digital assets. The de...

Read More
View through rose-colored lenses

CrowdStrike’s Woes Highlight Concerns About Bespoke Accounting Metric

View through rose-colored lenses

By any measure, the last two weeks of July have been brutal for cybersecurity firm CrowdStrike. CrowdStrike reported what it called “exceptional” first quarter financial results in early June – taunting competitors Microsoft and Palo Alto N...

Read More
Beehive

A Flurry of Audit Activity at PCAOB, FASB

Beehive

There is no indication of the typical “summer slowdown” at the Public Company Accounting and Oversight Board or the Financial Accounting Standards Board. In fact, the PCAOB and FASB have been quite active in June, approving a slew of rule c...

Read More
Dart board

New Audit Standards Accompanied by Calls for Stronger Leadership

Dart board

The top accountant at the Securities and Exchange Commission has had enough with auditors behaving badly, and he’s taking aim at the leadership of their firms as regulators move to tighten up auditing standards. In a statement issued earlie...

Read More
Building with saw-toothed roof architecture

Growth of SPACs Prompts Concerns Over Audit Quality

Building with saw-toothed roof architecture

Special purpose acquisition companies – more commonly known as SPACs – have seemingly disappeared from the investing scene in recent years. And when they do make the news, it’s usually news of the wrong kind. After a tidal wave of SPACs was...

Read More