A&A news from around the web: Feb. 12 – 16, 2018

Written on Feb 15, 2018

Are CFOs and auditors too cozy?
"Familiarity threat" refers to the threat to auditor independence that arises when a CFO or other top executive of a company being audited was formerly employed by the accounting firm conducting the audit. Research tests the willingness of Big-4 managers to adopt a client’s position on a conjectural accounting matter.

Audit committees eye tax reform impact on companies
Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report.

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