Cost Accounting Standards Board, final rule, filed 31 August 2026
The Cost Accounting Standards Board filed a final rule on Monday lifting the basic applicability threshold from $2.5m to $35m, full coverage and Disclosure Statements from $50m to $100m, and agency waiver authority from $15m to $100m.
Five Deloitte partnerships have agreed to pay the United States $21.5m over allegations they falsely certified compliance with the anti-discrimination clause in federal contracts. The whistleblower receives $4.3m.
The audit committee dismissed CBIZ CPAs and appointed WithumSmith and Brown on 19 August. The Form 8-K reports no disagreements and five material weaknesses, and it was filed on the deadline.
From 1 August the add-back stops. Fiscal 2026 non-GAAP operating income of $8,935m becomes $6,879m on the new basis, and that is the base the 17 to 18 percent growth guidance is measured against.
The Farm Credit Administration has removed formally restructured loans from its regulatory high-risk loan performance categories. The change took effect on 24 August, four years after the accounting standard behind the category was withdrawn.
Samuel Poletti, chief strategy and M&A officer since the June 2025 separation from Holcim, succeeded Baris Oran the same day. Base salary is $725,000, the bonus can reach 200 percent of it, and neither agreement carries a change-of-control payment.
Ash Bhumbla starts on 8 September. Base salary is $700,000, the long-term incentive target is $2.1m, and the sign-on is $700,000 in cash plus $1.2m of restricted stock. Paul Kuehneman stays on as controller.
Three people who ended a line of business describe what it cost them. One puts the line at about 10 percent of revenue, one at 15 to 20 percent, one at just under half her income. None of them names the lost revenue as the expensive part, and all three describe a long interval between knowing and acting.
Nasdaq told the logistics company on 20 August it is out of compliance for the late second-quarter report. Any further exception is capped at 180 days from the 2025 annual report due date, which is 14 September.
LAO Professionals says it withheld consent for lack of sufficient appropriate audit evidence, and that the company sent inaccessible links instead of documents. The same afternoon, NYSE American suspended the shares.
The board determined on 14 August that the June quarter in the Form 10-Q filed ten days earlier cannot be relied upon. Net income falls from $580,542 to $218,658 and an operating loss becomes a small profit.
A 68 page proposed rule would end the requirement that the Secretary publish grant application notices in the Federal Register. The Department puts the saving at $399,701 a year and the whole package at $586,064.
The AICPA publishes six CPA Exam section pass rates and no overall figure. The 50 to 55 percent that circulates as the overall rate is the unweighted average of three of those six sections, and it drops the Discipline sections entirely. Weighting the six by the structure of the exam puts the equilibrium rate at 52.9 percent for the first half of 2026, inside a range of 48.9 to 56.0 percent that moves on nothing but which Discipline candidates pick.
Boeing appointed Ryan L. Shedd as senior vice president and controller, effective the first business day after its 2026 annual report is filed. Michael J. Cleary holds the role until then and retires in 2027.
Solesence will restate three annual reports and seven quarterlies after concluding its inventory costing did not comply with ASC 330. Inventories were overstated and cost of revenue misstated. No dollar figure is given.
Tim Ryan, chair and senior partner of PwC in the United States from 2016 to 2024 and now head of technology at Citi, joined AMD's board on 19 August, and KC McClure takes the audit and finance committee chair.
Chairman Paul Atkins opened the search for a PCAOB board member on Tuesday. The seat is closed to anyone who has ever been a CPA, the term ends on October 24, 2031, and applications close on September 8.
The audit committee ran a competitive review and appointed PricewaterhouseCoopers for the year ending June 30, 2027. There were no disagreements and no reportable events, and both KPMG opinions were clean.
The audit committee concluded on Monday that the quarter ended March 31 should no longer be relied upon. About 36.7 percent of the undistributed earnings belonged to participating warrants.
Progress Audit Corporation declined to express any conclusion on Kaiho's first quarter accounts. The Japan Pension Service attached ¥32.6m of deposits and ¥2.8m of card receipts over ¥41.9m of arrears.
A seventy day extension was approved on 14 August. NISSHA says an investigation into improper accounting at USM Healthcare, the Vietnamese company it consolidated on 20 May, is not finished and the auditor cannot review in time.
The audit committee concluded on Wednesday that the quarter ended March 31 was misstated under ASC 820. Net loss for that quarter rises from $10.2m to $25.1m, with cash unchanged.
ASC 842 required lessees to put leases on the balance sheet from fiscal years beginning after 15 December 2018. Measured across every SEC filer that reports one, the operating lease right-of-use asset came to $952.79bn in the first year and $1,147.29bn at the end of 2025. The figure the SEC's own structured-data API returns for 2025 is $2,137.3bn, and $957.0bn of that is a single company's fact.
A Nasdaq listed company filed a non-reliance notice, three amended quarterly reports and a fresh quarter of results in one morning. The reported net loss changes in none of them.
Northann says its auditor resigned on 8 June and disclaimed the audit report attributed to it. The company now tells investors not to rely on its 2024 or 2025 accounts.
The audit committee of National Energy Services Reunited dismissed Grant Thornton's Dubai branch after a competitive tender and appointed PwC's Dubai branch from the 2027 financial year. Grant Thornton still audits 2026.
A final rule effective on publication replaces the State Department's forty-seven fraud recovery sections with six, implementing the renamed Administrative False Claims Act. The civil penalty is $14,308 and the administrative ceiling is $1,000,000.
Sumitomo Chemical filed its subsidiary's rebuttal of a Gotham City Research report to the Tokyo exchange on Friday afternoon. The reply says 116.2 billion yen of a 164.5 billion yen intra-group dividend was charged against carrying value.
The credit reporting company told the SEC on Thursday that its audit committee concluded seven reporting periods should no longer be relied upon. It expects a sales tax liability of about $1.77m and income tax of about $210,000.
Danaher named Julie Sawyer Montgomery chief executive from 1 October. The same 8-K grants Steven and Mitchell Rales options over 1,000,000 shares each plus 500,000 restricted stock units, and excludes the program from adjusted earnings per share.
Pro forma statements filed on Monday value the Qorvo merger at $8.43bn, made up of $2.87bn in cash and $5.48bn in Skyworks stock. Estimated goodwill is $4.16bn against $4.28bn of identifiable net assets.
Terex voluntarily filed pro forma accounts for its REV Group merger on Friday afternoon. The six months that produced 20 cents of reported earnings per share produce $1.19 once the deal is moved back to January 2025.
Money & World counted every annual report filed with the Securities and Exchange Commission since 2001 that carries the going concern language the auditing standard requires. The count has fallen by more than half since 2009. The rate has hardly changed, because the population of public companies fell with it.
New Era Energy & Digital told the SEC on Thursday that its first quarter accounts should no longer be relied upon, and that it cannot yet quantify the combined effect of the errors, which may be material.
Microsoft reported fourth quarter and full year results on Wednesday in an 8-K accepted by the Securities and Exchange Commission at 4:04 p.m. Eastern, alongside its 10-K.
Nearly 90 percent of surveyed audit partners called their largest client's AI governance developing or early stage.
Comments close July 17. Investment companies would disclose the discount attributable to sale restrictions.
Form 15644 replaces the old supplemental group ruling submission. It is due 30 to 90 days before the year closes.
The FRC direction covers audit reports signed between 1 September 2026 and 1 September 2028.
The audit partner was fined £33,412. Both admitted serious breaches and received severe reprimands.
Generative AI shows up in narrative reporting. Use inside the financial statements stays limited.
Dame Jayne-Anne Gadhia would succeed Sir Jan du Plessis, who steps down on 30 September 2026.
The staff publication groups technologies by traits such as opacity and autonomy rather than by name.
Financial services scored highest and construction lowest. Small firms rated financial reporting least important.
Unity Partners keeps a minority position in the Chicago firm. Terms were not disclosed.
Senate Bill 1233 adds a bachelor's plus two years of experience path to licensure, effective August 28.
SAS No. 150 makes external confirmation of cash and cash equivalents a requirement, with limited exceptions.
Nothing filed under that subtopic yet.