Tag: internal control over financial reporting

Taking on “management review controls”

by Cydney Posner In a speech at the end of 2015 to the AICPA National Conference on Current SEC and PCAOB Developments, SEC Chair Mary Jo White  emphasized that “it is hard to think of an area more important than ICFR [internal control over financial reporting] to our shared mission of providing […]

SEC Chief Accountant addresses the new revenue recognition standard in the context of the life sciences industry

by Cydney Posner In late March, SEC Chief Accountant, James Schnurr, delivered remarks before the 12th Annual Life Sciences Accounting and Reporting Congress.   The remarks addressed the new revenue recognition standard and internal control over financial reporting as applied in particular to life sciences companies, and also cautioned companies regarding […]

SEC Chair and staff presentations at AICPA National Conference

by Cydney Posner SEC Chair Mary Jo White and a cast of thousands from the SEC’s Office of the Chief Accountant delivered remarks yesterday before the 2015 AICPA National Conference on Current SEC and PCAOB Developments. Summarized below are some of the key themes of their speeches: