AS2 news from FierceComplianceIT

When a company publicly discloses information with a non-GAAP financial measure, Regulation G requires the disclosure to be accompanied and compared to a directly comparable GAAP measure. When... Read more...

A lot of companies with non-accelerated filer status are celebrating their latest reprieve from Sarbanes-Oxley 404(b). But there were a lot of companies that had really geared up, invested in... Read more...

A new survey from Compliance Week has found that many companies have been paring back a number of key controls significantly. Almost 15 percent say they have cut key controls by 60 to 80 percent,... Read more...

The one thing that vexed people in the AS2 era was a lack of implementation guidance.... Read more...

One of the big complaints about AS2 was about the way it defined materiality. It's "more than a remote likelihood that a material misstatement of the financial statements will not be prevented or... Read more...

Well, it has come to pass. The new guidance from the SEC and PCAOB will almost certainly be officially stamped in time for the guidance to apply to 2007 audits. So good luck. The new rules will... Read more...

The conventional wisdom on the new 404 guidance that so many people are eagerly anticipating is that it will not lead to meaningful change at the large-company level. Many are planning on... Read more...

So how efficient are auditors when they audit internal controls? Obviously, it's a huge issue. The entire debate over costs in a sense comes down to efficiency. A year ago, the Read more...

AS5 is shaping up as quite controversial, as you now. A bevy of comments hit the PCAOB just as the... Read more...

The Public Company Accounting Oversight Board has been much maligned recently. The constitutional attacks, the fiasco of AS2, the semi-confusion over AS5 are big problems. But the board is not... Read more...