webcpa news from FierceComplianceIT

Overall, the number of financial restatements fell in 2007 for the first time since 2001, reports WebCPA. That could be seen as good news, indicating more companies have adapted to Sarbanes-Oxley... Read more...

Most of the talk about AS5 has noted the many hoped-for benefits, a streamlined, less confused approach. But there is an obvious litmus test: audit fees. One would expect a fairly dramatic decline.... Read more...

Sarbanes Oxley of course was designed to instill confidence in financial statements. We've certainly seen a lot of restatements (though the big company trend seems to be down). Now comes news that... Read more...

Small-companies are gearing up to comply with Sarbanes Oxley, and it could prove painful for those who are not prepared. Hoping to ease the transition, the Public Company Accounting Oversight Board... Read more...

There has been a lot of ink spilled on small companies and Sarbox. What about small... Read more...

One beneficiary of the Sarbanes-Oxley act was the Securities and Exchange Commission, which received a significant boost in funds for its enforcement and examinations divisions. Now, congress has... Read more...

The Committee of Sponsoring Organizations of the Treadway Commission, known to all of you as COSO, has taken a few lumps as of late. When Sarbox was first passed, many assumed--indeed, regulators... Read more...

Conrad Hewitt is set to take over as the SEC's chief accountant. A one-time partner at Ernst & Young, Hewitt's background made him an ideal choice to become a very public figure for the SEC.... Read more...