Tag:
accounting firm
Latest Headlines
Latest Headlines
Deloitte's deep regulatory influence
Is Deloitte the Goldman Sachs of the accounting industry? Few audit firms have been as controversial recently as Deloitte. Just look at the tension over the recent PCAOB rebuke of the company's audit
PCAOB continues efforts to reform financial statement
Recall that the PCAOB, under Chairman James Doty, has embarked on an ambitious effort to rethink the time-honored American financial statement, which many think would be ripe for some big changes.
Lots of auditor shopping underway?
Is a new era dawning for the Big Four accounting firms? That's hard to say, but the industry has suffered some big hits as of late. The financial crisis has not been kind to the industry, as the
Auditor to face liability in Lehman case?
The 2,200-page post-humous examiner's report about Lehman Brothers ( Lehman Brothers news) and what eventually killed it off contained some harsh words for a number of people, including the auditors.
Sarbanes-Oxley and the High Court
In some ways, it's hard to believe that the constitutional challenge to the PCAOB has made it this far. But it is indeed on the docket for the Supreme Court to hear in its new term, which began last
Should a certain computer platform be considered a red flag?
In a minor PR hit to IBM, IT Jungle offers an article noting "the fact that the AS/400 is a notoriously difficult platform for auditors to crack ." Many regulations that affect IT are commonly written
Audit conflicts must go!
We recently suggested it would be a good idea for firms to get rid of all potential conflicts of interest in
Get rid of related party conflicts
While Sarbanes-Oxley does not strictly proscribe contracts with firms owned by directors, it is a bad idea. Many companies have worked to put an end to what seems like inside dealing (fair or not).
BDO Seidman's brush with fate
The future of BDO Seidman is something that you have to question right now. A Florida jury hit BDO Seidman, a top five accounting firm, with a $351 million in damages for failing to uncover massive
Sarbox court challenge steps up
Most people in Washington, from both parties, are in favor of some sort of Sarbox reform. A less-heard argument is that the basic structure of Sarbox is unsound, the PCAOB is unconstitutional, and
