article thumbnail

ADM delays annual report, warns on internal controls

Accounting Today

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

article thumbnail

Here’s How Much Audit Fees Have Increased in the Last Twenty Years Making Us Wonder Why Salaries Didn’t Do the Same

Going Concern

Accounting standards ASC 606 Revenue from Contracts with Customers, ASC 842 Leases, and ASC 326 Financial Instruments – Credit Losses required companies to change existing accounting and financial reporting standards. These new regulations likely contributed to rising audit fees in prior years. 2 EY $4,272.2

audit 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

National Society Of Accountants For Co-ops Upcoming Webinars

Nancy McClelland, LLC

Agricultural Economic Outlook April 5, 2022 | 11:00 AM EST FREE NSAC Members | $56 Non-Members CPE: 1 Credit Hour Want to know more about current and expected market conditions affecting agricultural co-ops? This session will explore recent developments in the financial accounting standards relevant to cooperatives.

article thumbnail

Preparing for Upcoming ESG Disclosure Requirements

Withum

Companies will have to disclose specific ESG information that regulators and accounting standards require. ESG reporting standards are transitioning from the wild west to ridged government and accounting-imposed standards. Below is a summary of some sustainability reporting standards companies will be subject to.

article thumbnail

Accounting in farming

Martin Quinn

One might think it is something which should be covered in an accounting syllabus at university, but it in my experience it is not. I have never been taught or have I taught IAS 41 Agriculture. As an accounting standard, it is not very complex, so teaching it is not much effort.

Account 52
article thumbnail

Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Baker Tilly Partner to Lead Private Company Accounting Panel [ Bloomberg Tax ] Baker Tilly Managing Partner Jere G. Shawver will serve as the new chair of the Financial Accounting Standards Board panel devoted to private company accounting concerns, FASB’s parent organization announced Friday.

CPA 111