CFO Magazine: Nothing If Not Critical
Ira Solomon, dean and Debra and Rick Rees Professor of Business, is quoted in the current issue of CFO Magazine on a proposal to require auditors to disclose “critical audit matters” in their reports. The article explains the Public Company Accounting Oversight Board’s rationale for the plan as well as reasons why many CFOs and audit firms are uncomfortable with it.
What are we signaling to the users of financial statements when the auditor has to say, ‘Well, I reached that conclusion, but boy, it was really tough’?” asks Solomon. “Does it tell you that you ought to be more uncertain about that? What is it that you want me to think about when I consider loaning money to the company or investing in it?
To read the article in its entirety, visit CFO.com:
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Recommended Reading
- A Guide to Using Accounting Information Systems
- Audit vs. Tax Accounting: How Are They Different?
- How to Become a Tax Manager
- How to Advance Your Accounting Career at Tulane
- What Does It Take to Work in Government Accounting?
- How to Choose an Accounting Specialization
- Finance Curriculum vs. Accounting Curriculum: How Are They Different?
- How to Become a Forensic Accountant
Other Related Articles
- Research Notes: Sunil Parupati
- Mike’s Amazing founder comes full circle
- Research Notes: Jasmijn Bol
- The Hill: Whom is AI replacing? We deserve to know.
- AACSB Insights: Business Education Gets More Specialized
- Bloomberg Tax: Accounting Chair Pushes for New Look at Cash Flow Statement
- Freeman recognizes more than 800 degree candidates at 109th graduation
- Research Notes: Jake Krupa