Trends in Material Weakness – December, 2013
In December of 2012, the PCAOB issued a report summarizing the findings from their review of the 2010 audits for eight registered accounting firms [1].
In December of 2012, the PCAOB issued a report summarizing the findings from their review of the 2010 audits for eight registered accounting firms [1].
Welcome to the Summer edition of CFGInsights.
A material weakness is when a control is missing, designed improperly, or not operating effectively such that a material error could exist in the financial statements.
ASU 2012-02 Intangibles-Goodwill and Other (Topic 350): Is there an opportunity to reduce testing and gain efficiencies in impairment testing? Testing Indefinite-Lived Intangible Assets for Impairment provides companies an opportunity to do just that.
SEC COMMENT LETTERS Addressing SEC comment letters can be an arduous process.