auditing news from FierceComplianceIT

If there has been a whipping boy of the GRC movement, it's been the spreadsheet. Vendors regularly lambaste spreadsheet-based processes, almost defining the use of Excel as synonymous with manual, ad... Read more...

The notion of continuous auditing and continuous monitoring carries a powerful intuitive appeal. The terms conjure the idea of a system running constantly, checking data and controls and processes in... Read more...

TheDeal.com asks this regarding the Bernard Madoff scandal: "What about those tough auditing rules imposed after the Enron and WorldCom scandals? Surely, such a massive fraud would light up... Read more...

Recall that the $700 billion bailout deal passed by Congress included a requirement that the SEC study the impact of fair-value accounting on the financial system. Some thought this might presage an... Read more...

In the Sarbanes-Oxley era, it seems to many that the goal of auditors is to prevent fraud. Deterring crime and thus instilling investor confidence was the point of the law, after all. Of course that... Read more...

We're stuck in an era when people--from executives, to nonprofit chiefs, down to retail investors--have to wonder about the safety of even money market mutual funds, not to mention the health of... Read more...

Blackstone Group CEO Stephen Schwarzman has come out with a plan to save the world financial system. And guess what? It doesn't include Sarbanes-Oxley. He says the law "makes a fetish" of compliance.... Read more...

Recall that Boeing ended up in some PR hot water when its hometown newspaper ran a long series detailing its Sarbanes-Oxley compliance woes. Rarely does internal activity explode in the media as... Read more...

How will economic hardship affect the audit process? That's a good question, and one that the Public Company Accounting Oversight Board is addressing with an advisory group. CFO.com reports that the... Read more...

Purchasing card abuse has long been a challenge in the back office. In today's highly regulated environment, more companies are taking steps to minimize their risk and enhance their auditing and... Read more...