Tag: accounting
SubscribeSEC Taking an Interest in Accounting Enforcement
The implosions of Silicon Valley Bank and Signature Bank this month may have come as a surprise to KPMG LLP, one of the so-called Big Four accounting firms. Both banks collapsed within two weeks of KPMG signing off on their audits. In the w...
Read MoreNo CAM Do: Fewer Critical Audit Matters Appearing in Reports
Auditors are identifying fewer critical audit matters in the typical audit report, according to an analysis from the Public Company Accounting Oversight Board. At the same time, PCAOB also found that the number of audit reports communicatin...
Read MoreFASB Renews Call for Deeper Disclosures on Income Taxes
Is the third time really a charm? That’s the hot question floating around the offices of the Financial Accounting Standards Board in Norwalk, Connecticut, as the group once again pushes for expanding disclosure of corporate income taxes. Th...
Read MorePCAOB Looks to Refresh Quality Control Standard for Accounting Firms
In the sci-fi classic “Terminator 2: Judgment Day,” the film’s heroes find themselves once again on the run from a relentless robotic assassin from the future. In the first sequel to the original “Terminator” film, the new Terminator, dubbe...
Read MoreAre Corporate Climate Change Programs Doing Any Good?
The broad-based commitment to fighting climate change has become one of the dominant themes in the global business community. But what if all the promises about carbon emissions and breathless reports of progress on climate-related goals ar...
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