Nearly one out of five public companies expected

to have a going concern opinion.  This 6-10-10 update from CFO also discusses the results of last year's slightly higher than that % of going concerns.  8 % of those are no longer registered with the SEC.  These are hard times indeed
http://cfo.com/article.cfm/14504227/c_14504896

Bernie Madoff now

http://nymag.com/news/crimelaw/66468/  This article about Bernie Madoff in prison was interesting.  Prison has set him free!  He can just be who he is...notice how he has similar company with others including the two Rigas family members (Adelphia) in the same prison. 

Keeping fraud at bay discussion

http://www.journalofaccountancy.com/Issues/2010/Jun/20102852.htm  Interview with Joseph Wells

COSO report on fraud updated

The report looks at the companies that were caught with fraud and provides some statistics on the industries involved, auditors, changing auditors, types of frauds, methods of perpetuating, amount of fraud etc.
http://www.coso.org/

Supreme Court decision on PCAOB constitutionality is expected soon

The issues are outlined in this Journal of Accountancy article.
http://www.journalofaccountancy.com/Web/20102871.htm

tips help detect kickbacks

http://www.fraud-magazine.com/article.aspx?id=4294967730  An interesting fraud story inclusive of red flags.  Article is from the Fraud Magazine, published by ACFE

PCAOB and issues in jurisdiiction external to the US

http://www.webcpa.com/news/PCAOB-Provides-Guidance-Firms-Outside-US-54426-1.html
Story here also links to the PCAOB site information.