accounting news from FierceComplianceIT

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... Read more...

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.... Read more...

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... Read more...

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... Read more...

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... Read more...

With all the doom and gloom, perhaps we should sit back and try to see the lighter side of life. Therefore, here is an account of one harrowing client visit by a young Big Four employee on Accounting... Read more...

Just when the industry was starting to talk about declining growth and even--gads--layoffs in the audit industry, along comes the credit crunch, which seems to have lifted the demand for accounting... Read more...

For audit committees, IFRS stands as a huge challenge. The new standards are a reality. Deal with it. It really is up the committee to get the firm through the transition. But few audit committees... Read more...

The media was chock full of stories recently about the dearth of venture-capital-backed initial public offers. The easy culprit is Sarbanes-Oxley. But as a counter to that view, consider some... Read more...

Recall that AS5 changed the concept of the "likelihood" of material misstatement, adopting the phrase "more than remote" likelihood from "reasonable possibility." That was part of a larger effort to... Read more...