Leadership Succession Continues to Challenge Consumer Products and Services Companies

Horror movie fans are well-versed in the ever-popular “zombie apocalypse.” But for those who work in the consumer products and services industry, the “retail apocalypse” is more frightening. The retail...

PCAOB Issues Outlook to Audit Committees for 2019 Staff Inspections

On March 14, the PCAOB released a Staff Inspection Brief highlighting its strategic focus on enhanced engagement with key external stakeholders, including audit committees. The brief is intended to help audit...

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Private Companies: Avoid Revenue Reckoning — Tackle Revenue Recognition Now

As of January 1, 2019, private companies are required to comply with new revenue recognition rules designed to make accounting more transparent and uniform across industries. This change is part of a broader initiative to align global accounting...

A Clear and Broad View of Digital Transformation Can Create Long-Term Value for Manufacturing Firms

From the back office to the factory floor to e-commerce operations, manufacturing companies have abundant opportunities to enhance their businesses digitally. But with so many options come decision and resource problems. This often results in...

Proactive ESG Reporting Could Give Energy and Utilities Firms a Competitive Advantage

It’s becoming increasingly difficult for energy and utilities companies to dismiss the important role of environmental, social and governance (ESG) reporting in their long-term success. Investors not only want to incorporate ESG data into their...

Insurance Accounting Changes Are Coming Globally, and a Coordinated Approach Is Best

Most public companies have already switched to the new revenue recognition standards and have moved on to the implementation of new lease accounting rules. Private companies, which were given a year longer to prepare, are close on their heels...