Is Contract Accounting under the Microscope?

Posted on February 17, 2016 by John Pakaluk

Last week, news came out that the SEC was investigating Boeing Co. for possible irregularities in the company’s long-term contract accounting. (Bloomberg) The U.S. Securities and Exchange Commission is investigating whether Boeing Co. properly accounted for the costs and expected … Continue reading →

SEC Staff Addresses Developments in Pension Accounting

Posted on December 14, 2015 by Derryck Coleman

At last week’s AICPA Conference on Current SEC and PCAOB Developments, the topic of pension accounting came up more than once. In one session, Ashley Wright, a Professional Accounting Fellow in the SEC’s Office of the Chief Accountant, discussed a recent … Continue reading →

Netflix Change in Amortization Estimate

Posted on October 19, 2015 by John Pakaluk

In its Q3 2015 10-Q, Netflix, Inc. (NASDAQ: NFLX) disclosed a change in accounting estimate made to their amortization of certain intangible assets. 1. Basis of Presentation and Summary of Significant Accounting Policies In the third quarter of 2015, the … Continue reading →

2014 SEC Filing Highlights, Part 2 of 2

Posted on September 22, 2015 by Audit Analytics Staff

This week we present the second installment of our inaugural SEC filing highlights blog, in which we cover some of the unique and unusual events from the past year. In this one we look at Auditor Changes, Out of Period … Continue reading →

AAA Annual Meeting 2015 Recap

Posted on August 18, 2015 by Audit Analytics Staff

Audit Analytics was honored to participate at another successful Annual Meeting of the American Accounting Association. It was great to see so many friends and colleagues and talk about the latest research in the accounting field. Lots of professors this year … Continue reading →

PCAOB Audit Committee Dialogue

Posted on May 18, 2015 by Erica Jacobsen

The PCAOB’s May 2015 release of its Audit Committee Dialogue provides audit committee members of publicly traded companies with insight into concerns that have consistently arisen in discussions between audit committees and auditors over the past few years. In addition, the … Continue reading →

Genworth Financial: Fewer Adjustments, But Controls Still Ineffective

Posted on May 1, 2015 by Olga Usvyatsky

As we discussed in our previous blog, the remediation of control deficiencies can be a lengthy and costly process. The case of Genworth Financials (NYSE: GNW) is no exception. Its most recent quarterly report, filed on Wednesday, April 29, states that its … Continue reading →