Tag:
accounting
Latest Headlines
Latest Headlines
Should companies be forced to rotate audit firms?
The obvious conflict of interest in the accounting industry--the fact that companies pay audit firms to sign off on their financials--has long vexed regulators. The system is clearly not ideal, but
Time to outsource financial work?
The offshore outsourcing industry has progressed to the point that massive savings are now available for many companies--a fact that has more small-company CFOs pondering whether to offshore their
Better media coverage of accounting issues needed
Since the corporate crime wave that brought forth Sarbanes-Oxley, the media has essentially been forced to cover accounting issues more aggressively. A strong accounting background would certainly
Lots of XBRL tagging errors?
So is the move to XBRL moving along nicely? Recall that the SEC's mandate has moved about 1,400 companies to tag financial data in the format so far. All listed companies will use the format as of
The most effective anti-fraud tools?
So you really want to prevent fraud? It may help to know what steps are most effective. A recent survey by the Association of Certified Fraud Examiners (ACFE) offered some surprising results. While
Supreme Court and Sarbox update
It looks like the Supreme Court will begin its deliberation of "Free Enterprise Fund and Beckstead and Watts vs. the Public Company Accounting Board and the United States of America" on December 7.
An anonymous security manager weighs in
More business applications are being hosted on the web these days, including payroll and accounting apps. You can't stop the trend. But when security managers hear about such plans, there is often
A lesson in invoice accounting controls
When you get right down to it, it's pretty easy to game things like expense reports and invoices. At most companies, employees fill out forms and submit them. The forms get processed by office
New guidance for auditors: Focus on small-company CFOs
When it comes to small companies, a really good CFO can make all the difference. The PCAOB has released new guidance in the form of an instruction manual designed to complement AS5, notes CFO.com. It
Unintended consequence: Sarbox clawback helps execs keep money
Recall that Section 304 of Sarbanes-Oxley offered what everyone thought was a clawback provision: If an issuer is "required to prepare an accounting restatement due to material noncompliance," the
