Audit Committees and Financial Reporting 2018: Recent Developments and Current Issues

Front Matter
Faculty Bios
Table of Contents
Chapter 1. Audit Committee Checklist and Compliance Timeline
Chapter 2. SEC Proposes Amendments to Securities Regulations to Modernize and Simplify Disclosure (October 13, 2017)
Chapter 3. Emily Childs, Eric Knachel, and Rob Moynihan, Deloitte, Heads Up, Volume 25, Issue 1, Observations from a Review of Public Filings by Early Adopters of the New Revenue Standard (January 22, 2018)
Chapter 4. SEC Staff Accounting Bulletin No. 118, https://www.sec.gov/interps/account/staff-accounting-bulletin-118.htm
Chapter 5. SEC Staff Provides Important Guidance for Disclosure and Accounting Implications of the Tax Cuts and Jobs Act—Practical Considerations for Reporting Companies (December 26, 2017)
Chapter 6. Deloitte: Financial Reporting Alert 18-1—Frequently Asked Questions About Tax Reform (March 20, 2018)
Chapter 7. SEC Release Nos. 33-10459; 34-82746, “Commission Statement and Guidance on Public Company Cybersecurity Disclosures” (February 26, 2018), https://www.sec.gov/rules/interp/2018/33-10459.pdf
Chapter 8. Wesley R. Bricker, Chief Accountant, Office of the Chief Accountant, Statement in Connection with the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2017), https://www.sec.gov/news/speech/bricker-2017-12-04
Chapter 9. Wesley R. Bricker, Chief Accountant, U.S. Securities and Exchange Commission, Speech, Remarks before the Financial Executives International 36th Annual Current Financial Reporting Issues Conference: Effective Financial Reporting in a Period of Change (November 14, 2017)
Chapter 10. Sagar Teotia, Deputy Chief Accountant, Speech, Addressing Implementation Matters to Improve Financial Reporting (September 21, 2017), https://www.sec.gov/news/speech/speech-teotia-2017-09-21
Chapter 11. Ryan Wolfe, Senior Associate Chief Accountant, Office of the Chief Accountant, Speech, Remarks before the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2107)
Chapter 12. Michael P. Berrigan, Professional Accounting Fellow, Office of the Chief Accountant, Speech, Remarks before the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2017)
Chapter 13. SEC Comment Letters—Including Industry Insights (November 2017)
Chapter 14. Information about 2017 Inspections (August 2017)
Chapter 15. Preview of Observations from 2016 Inspections of Auditors of Issuers (November 2017)
Chapter 16. Standard-Setting Update, Office of the Chief Auditor (March 31, 2018)
Chapter 17. Q&A: PCAOB Standard-Setting Initiatives (December 7, 2017)
Chapter 18. Building a Foundation for Audit Quality (December 6, 2017)
Chapter 19. Remarks at the AICPA Conference on SEC and PCAOB Developments (December 5, 2017)
Chapter 20. PCAOB Issues Proposals to Enhance and Strengthen Requirements for Auditing Accounting Estimates, Including Fair Value, and to Address the Auditor’s Use of the Work Specialists (June 12, 2017)
Chapter 21. PCAOB Adopts Changes to the Auditor’s Report (June 20, 2017)
Chapter 22. Staff Audit Practice Alert No. 15, Matters Related to Auditing Revenue from Contracts with Customers (October 5, 2017)
Chapter 23. William Hinman, Director, Division of Corporation Finance, Speech, Keynote Address at the PLI’s Seventeenth Annual Institute on Securities Regulation in Europe (February 1, 2018), https://www.sec.gov/news/speech/speech-hinman-020118
Chapter 24. Wesley R. Bricker, Chief Accountant, Speech, Remarks before the AICPA National Conference on Banks & Savings Institutions: Advancing High-Quality Financial Reporting in Our Financial and Capital Markets (September 11, 2017), https://www.sec.gov/news/speech/speech-bricker-2017-09-011
Chapter 25. SEC Press Release, Commission Staff Provides Regulatory Guidance for Accounting Impacts of the Tax Cuts and Jobs Act (December 22, 2017), https://www.sec.gov/news/press-release/2017-237
Chapter 26. Commissioner Robert J. Jackson, Speech at the Tulane Corporate Law Institute, Corporate Governance: On the Front Lines of America’s Cyber War (March 15, 2018), https://www.sec.gov/news/speech/speech-jacksoncybersecurity-2018-03-15
Chapter 27. Financial Reporting Oversight: Oversight of Financial Reporting Requires the Critical Review of Voluminous Documents Filled with Complex Accounting and Reporting Matters. Are You Prepared? (December 2016)
Chapter 28. To GAAP or Non-GAAP? The SEC Is Watching: The Use of Non-GAAP Financial Measures Is Surging, and the SEC Is Noticing (June 2016)
Chapter 29. Audit Committee Disclosures
Chapter 30. A Roadmap to Non-GAAP Financial Measures (2017)
Chapter 31. Audit Committee Disclosure in Proxy Statements—2017 Trends
Chapter 32. Quarterly Accounting Roundup
Chapter 33. How Your Board Can Be Effective in Overseeing Cyber Risk: Companies Are Under Constant Attack, Making It Critical That They Get Cybersecurity Right (December 2017)
Chapter 34. How Your Board Can Be Ready for Crisis: Being Prepared Gives a Company Better Odds of Bouncing Back from a Crisis Smoothly (June 2017)
Chapter 35. How Your Board Can Influence Culture and Risk Appetite: Boards Understand That Corporate Culture Is Vital. It Drives Behavior, Expectations and Norms—But It Can Also Lead Employees to Take Too Much or Too Little Risk (February 2017)
Chapter 36. NYCLA Committee on Professional Ethics Formal Opinion 746 (October 7, 2013)
Chapter 37. SEC Press Release: SEC Announces Its Largest-Ever Whistleblower Awards (March 19, 2018)
Chapter 38. SEC Release No. 34-82897, Whistleblower Award Proceeding
Chapter 39. Digital Realty Trust, Inc. v. Somers (February 21, 2018)
Chapter 40. Wadler v. Bio-Rad Laboratories, Inc., Appellant Letter to 9th Circuit Referencing Digital Realty Trust (March 5, 2018)
Chapter 41. SEC Amicus Curiae Brief in Wadler (December 13, 2016)
Chapter 42. SEC Release No. 34-82557, In the Matter of Brian Sweet, CPA (January 22, 2018)
Chapter 43. SEC Release No. 34-82556, In the Matter of Cynthia Holder, CPA, Jeffrey Wada, CPA, David Middendorf, CPA, Thomas Whittle, CPA, and David Britt, CPA (January 22, 2018)
Chapter 44. Chairman Jay Clayton, Statement on Charges Against Former KPMG and PCAOB Personnel (January 22, 2018)
Chapter 45. Laccetti v. SEC (March 23, 2018)
Chapter 46. PCAOB News Release: PCAOB Announces $1.5 Million Settlement with Grant Thornton for Quality Control Violations and Audit Failures (December 20, 2017)
Chapter 47. SEC Press Release: SEC Obtains Bars and Suspensions Against Individuals and Accounting Firm in Shell Factory Scheme (February 16, 2018)
Chapter 48. SEC Release No. 34-81396, In the Matter of KPMG LLP and John Riordan, CPA (August 15, 2017)
Chapter 49. SEC Chairman Jay Clayton, Statement on Cryptocurrencies and Initial Coin Offerings (December 11, 2017)
Chapter 50. Section 330 of the United Kingdom’s Proceeds of Crime Act 2002
Chapter 51. Money Laundering Regulations 2017: Consultation (June 26, 2017)
Index