assets news from FierceComplianceIT

This is the sort of thing that engenders suspicion, especially at a time when distrust of banks is running high. Bank of America (NYSE: BAC) has announced via filing that it wrongly classified nearly... Read more...

Specific companies could be helped or hurt by macro climate changes, but it seems more likely that all will be facing more disclosure over time. The SEC has offered guidance to help companies... Read more...

Nothing is more painful from the IRS point of view than a corporate audit. They can be really complex and take several years. So it's not surprising that they are asking for help--from the companies... Read more...

eWeek makes an interesting point about compliance with the Payment Card Industry Data Security Standard (PCI DSS): At some point, given all the vendor activity, you might think that compliance is a... Read more...

We're seeing a lot of new executive pay ideas being floated, as more boards grapple with the likelihood of new laws and more intense scrutiny by boards. Already, Wall Street firms are making some... Read more...

When it comes to bank audits--at banks small and large--the bean-counters are taking an even more conservative tack than usual, which has forced more than a few to restate earnings. The Los Angeles... Read more...

In the minds of many, the adoption of IFRS is fait accompli, a done deal. But not if the New York State Society of Certified Public Accountants has anything to do with it. The influential group has... Read more...

As the economy worsens, more companies may be faced with going-concern issues, according to the PCAOB. This will task the auditors and audit committees, who are on the front lines of determining... Read more...

We've noted that serving on an audit committee is not an easy gig right now, especially at a financial services firm. Auditors are feeling a certain amount of pressure to take a hard line on... Read more...

Floyd Norris of the New York Times wonders: Wasn't Sarbanes-Oxley supposed to do something about the hidden, off-balance sheet risks? He writes: "The rules require that companies make some... Read more...