accounting firm news from FierceComplianceIT

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.... Read more...

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... Read more...

We recently suggested it would be a good idea for firms to get rid of all potential conflicts of interest in... Read more...

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).... Read more...

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... Read more...

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... Read more...

You may have heard about the mock disclosure document that has garnered notoriety. It's couched in the obtuse language of "risk disclosure" and contains some real gems: "We are at the mercy of our... Read more...

The government has responded to the somewhat novel notion that the PCAOB is unconstitutional. The charge was levied originally in a suit filed by the think-tank Free Enterprise Fund. A small... Read more...

You're hot! And didn't even know it. Accounting and financial pros are in heavy demand at all levels, not just the C-level. At the same time--and this might surprise you--financial employees seem... Read more...