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Tag: accounting

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Regulatory Focus on Crypto Continues as FASB Tentatively Approves New Accounting Standards

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In keeping with U.S. regulators’ efforts to get a grip on cryptocurrency, the Financial Accounting Standards Board last week tentatively approved much-anticipated rules affecting how businesses account for and disclose crypto assets. The ne...

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PCAOB: Audits Getting Sloppier

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The overall quality of audit work has been poor for years and is only getting worse, according to a recent report from the Public Company Accounting Oversight Board. The report detailed the preliminary findings of the PCAOB’s annual inspect...

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Auditors Swept Up in SPAC Regulation

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Like other trendy investment vehicles that skyrocketed in popularity and then faced a sharp decline, special purpose acquisition companies (SPACs) are seeing yet another indication that they are subject to the laws of financial gravity. New...

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First Inspections Find Massive Holes in Chinese Audits

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Regulators have released the results of their first inspections of audits of U.S.-listed Chinese companies, and they’re not pretty. Analyses revealed “unacceptable deficiencies” in audits performed by KPMG’s Chinese arm and PricewaterhouseC...

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New Intelligize Report Documents M&A Decline in 2022

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Corporate mergers and acquisitions fell off dramatically in 2022, and activity doesn’t appear to be picking up anytime soon. That’s the key takeaway from The Intelligize M&A Report, a new study published today on dealmaking activity in...

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