September 22, 2018

CAQ

The PCAOB Is Considering Naming Partners In a Separate Partner Naming Form

We're still on this, apparently, and the PCAOB isn't letting up. In an attempt to satisfy stakeholders, curious accounting tabloids, and industry lobbying groups and the firms they serve, the PCAOB is floating the idea of a new form that exists solely for the purpose of naming partners. "Form 5" would be filed shortly after […]

The Possibility Remains the FASB Could Turn Their Simplification Initiative Into a Giant Charlie Foxtrot

Accounting rules are complex. It is known. The Financial Accounting Standards Board, in an effort to serve its stakeholders, has made it a priority to make them a little less awful. This is no small feat and Russ Golden, FASB Chairman, is looking for tap-ins:   “Complexity in accounting can be costly to both investors and […]

Auditors Tell PCAOB They’d Rather Not Report on the Already Reported On

Back in August of 2013, the PCAOB floated a few new auditing standards that would bring major changes to audit reports: The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, which would supersede portions of AU sec. 508, Reports on Audited Financial Statements, and The Auditor's Responsibilities Regarding […]