Deloitte news from FierceComplianceIT
News
What happens when your auditor is a fraud?
In the post-Enron era, the reputation of corporate accountants collectively has taken some massive hits. The on-going financial crisis certainly isn't helping. So it is with some chagrin that we note... Read more...
Bankrupt companies more likely to be charged?
Financial Week notes that some of the largest companies ever to file for bankruptcy, Enron and WorldCom, were subsequently charged with massive fraud. Such cases, of course, led to the law that has... Read more...
Deloitte auditor fined $25,000 by PCAOB
The Public Company Accounting Oversight Board has fined Christopher Anderson, 46, a partner in Deloitte & Touche's Chicago office, $25,000 for his audits of Navistar Financial Corp. He has also... Read more...
Golden era ending in accounting also?
None other than Ken Lewis, CEO of Bank of America, says that the golden era in financial services is ending. Can we say the same for the accounting profession, which was turbo charged by... Read more...
XBRL standards body stokes worry
Most people think XBRL is pretty good idea. But not everyone thinks the tag standards should be set by XBRL US, a non-profit group comprising top accounting firms KPMG, PricewaterhouseCoopers, Ernst... Read more...
ALSO NOTED: Deloitte's take on GRC software; Sarbanes laments SEC funding;
> Deloitte's take on GRC software. Article > E&Y: Bribery on the rise. Read more...
ALSO NOTED: Workforce mobility an extra burden at global companies; "White Hat" hackers in demand;
> State tax auditors charged. Article > Background on compliance the right way. Read more...
ALSO NOTED: How to deal with 404 at foreign subsidiaries; The compliance risks of running a global operation;
> PCAOB budget boosted. Article > Deloitte to pay $38 million in Delphi case. Read more...
PCAOB finally fines a Big Four firm
It had to happen. I guess later rather than sooner is good enough. For the first time, the PCAOB has fined a big four accounting firm. Deloitte has been fined $1 million for the troubled 2003 audit... Read more...
ALSO NOTED: Stumped for more ethics training?; Deloitte launches Asia forensics team;
> Conrad Black gets 6 1/2 years. Article> Survey: Nonprofits embrace Sarbanes Oxley. Read more...
