• ASC 606 Revenue Recognition eBook

    If your organization is in the process of adopting, or still researching, the new revenue recognition accounting standard, then this comprehensive, yet easy-to-read, 60+ page eBook is for you.
  • Effort to improve internal controls credited for gains in financial reporting

    PCAOB officials believe their recent focus on internal controls has brought about a necessary improvement in financial reporting and audit quality, despite it leading to some frustration among financial reporting professionals. Some of the tension may be no more than the result of the natural tension between auditing and financial reporting, said one member of the audit regulatory board.
  • Push to promote audit firm diversity comes into focus

    PCAOB officials have been pressing accounting firms to step up their efforts to promote diversity among their employees. At least one member of the audit regulatory board believes that the quality of an audit firm’s work is closely tied to the diversity of its workforce.
  • House Financial Services Committee passes Dodd-Frank rollback

    The House Financial Services Committee advanced a far-reaching bill to roll back the Dodd-Frank Act, ease disclosure and accounting rules on public companies, and place new constraints on financial regulators. H.R. 10, the Financial Choice Act, still faces substantial legislative hurdles that may prevent it from becoming law.