Companies face internal control compliance challenges

A survey of 600 audit executives indicated 48% had not yet begun to implement the new COSO internal control framework changes. Other challenges were discussed with PCAOB, and SOX compliance. http://www.accountingtoday.com/news/sarbanes_oxley/companies-face-compliance-challenges-from-sox-pcaob-and-coso-70779-1.html

Preparing for the revenue recognition standard

This Journal of Accountancy article highlights some of the issues for implementing the new revenue standard. http://www.journalofaccountancy.com/News/201410219.htm