Critical Audit Matters provide the opportunity for auditors to explain their view of the risks and financial implications of climate change and ESG. According to an AASB report, potential implications often arise from (but are not limited to) assumptions and … Continue reading
Author Archives: Marie Pupecki
Why are most restatements negative? Behavioral Accounting at work
In our most recent report, Financial Restatements: A 20-Year Review, we found that 68% of restatements resulted in a negative income impact during 2022. If most restatements are a result of complex accounting rules that are misapplied or misunderstood, why is … Continue reading
Impending SEC Cybersecurity Rules: What Lies Ahead for Tech Titans
The SEC’s new rule on cybersecurity has finally been issued. As I sit here pondering what it means, I keep reflecting on a conversation a colleague and I once had about Microsoft. The final decision to disclose cybersecurity breaches will … Continue reading