The US Financial Accounting Standards Board (FASB) issued an accounting standards update that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent.
Cost management is a stated emphasis for CFOs, but an Accenture survey shows that finance chiefs are not always following through on cost management initiatives.
One-third of UK employees are dissatisfied with their career progression, and many think they are in the wrong career altogether, citing lack of guidance at school and poor line management in the workplace as the major contributing factors.
Organisation design is atop the minds of global business leaders in an annual Deloitte survey. But concerns about leadership, culture, and engagement continue to be cited as challenges for many companies.
Expect Chinese businesses to boost overseas investments, but not necessarily where they have put their money in the past decade, research by the Economist Intelligence Unit suggested.
Five key traits help leaders of the most effective internal audit functions develop teams that provide effective risk management and an integrated assurance strategy across the organization.
Audit regulators across the globe saw some improvement in audit quality in their latest annual survey, but they say the pace of improvement needs to be faster.
Auditors and others that deal with a company’s financial statement will experience new challenges as a result of implementation of new financial reporting standards requiring reporting of expected credit losses related to financial instruments.
Just 28% of CPA decision-makers in business and industry say they are optimistic about the US economy for the next 12 months, and fewer than half are optimistic about their own companies.
Sustainability initiatives can make sense from an environmental and reputational perspective, but there is evidence that sustainability also can be profitable.
The results of a recent PwC survey might not appear to be particularly alarming: the percentage of organisations that experienced economic crime in the previous 24 months was down, albeit only slightly. Scratch beneath the surface, however, and it doesn’t take long to find signs of trouble.
The first step in compliance for many companies following the US Financial Accounting Standards Board’s (FASB’s) issuance of its new leases standard will be an evaluation of whether they possess all the data they need to report under the new rules.
Lessees will be required to recognise assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting standard issued by the US Financial Accounting Standards Board.
The risks associated with doing business globally include third-party bribery, fraud, or supply-chain issues. A PwC report offers steps audit committees can take to better manage third-party risk.
Executive pay and perceptions of inherent unfairness are key elements in the lack of public trust in business. The Institute of Business Ethics has issued recommendations for remuneration committees on how to establish fairer and more sustainable executive pay.
Many internal audit departments are short on cyber-security expertise and lack involvement in evaluating the quality of the data used in their organisations.
An annual list of common passwords underscores the need for more education about overall cyber-security. A strong password policy is one of several steps organisations can take to enhance cyber defences.