Critical Audit Matters: Does Anybody Care?
As if the standard auditor’s opinion weren’t already sleep-inducing enough. Standards in the United States now require auditors to identify critical audit matters (CAMs) in their reports on the financial statements of large public companies—things that, in the language of Auditing Standard 3101.11 of the Public Company Accounting Oversight Board, involved “especially challenging, subjective, or […]
Richard Houston Is the New CEO of Deloitte U.K., While Dion Shango Takes the Reins Down in PwC Africa
I know this news won’t interest any of you guys, but TPTB are making us work today and Adrienne already warned you about shitposts this week. Plus, I selfishly wanted to write an article with a title that was similar to the chorus in Toto’s hit song, “Africa.” So, here we go. First, Richard Houston […]
The Accounting World Issues a Collective Sigh as Soon Enough, We Won’t Have to Talk About Revenue Recognition
Anyone else sick of this topic? Did you ever really care? Just go ahead and do what you have to do already, FIASB: The top line on financial statements around the world is about to change. And companies need to move quickly to determine which personnel will be responsible for implementing the new revenue recognition […]