PCAOB and Chinese firm inspections

Some agreements to move ahead in a sort of trust building exercise.  http://www.accountingtoday.com/news/pcaob-china-audit-firm-inspections-64051-1.html

White paper released on financial statement

preparation being a non-attest service.  http://blog.aicpa.org/2012/09/why-financial-statement-preparation-is-proposed-to-be-a-nonattest-service.html

Fraud reports amongst employees

is climibing.  http://www3.cfo.com/article/2012/9/regulation_fraud-whistleblower-sec-jimmy-lin-jonny-frank

Ethics classes

Does teaching this make a difference today?  http://accounting.smartpros.com/standard/ima/IMA_0912i.html

Fraud reporting incidents increased

after a two year decline.   This is per the 2012 Corporate Governance and Compliance Hotline Benchmarking Report from BDO Consulting as summarized by the IMA.     http://accounting.smartpros.com/standard/IMA/IMA_0812t.html

Penalties for noncompliance with regs

by 1/3 of midsized companies.  http://accounting.smartpros.com/standard/IMA/IMA_0812p.html

Audit Committee Effectiveness Center

While some of the resources are limited to AICPA members, there are some good articles and links that are open  free of charge.  http://www.aicpa.org/ForThePublic/AuditCommitteeEffectiveness/Pages/ACEC.aspx

Accounting and auditing regulations

This cartoon says it all  http://tedgoff.tumblr.com/post/30937501208/would-you-mind-if-we-keep-one-hundred-crates-in

A neat antitrust brief

Well this doesn't have much to do with auditing, except lawsuits can take place and auditors have to address disclosures, so I'll sell it here on that point.   I really just want to keep this one handy so I don't lose it.

What - a comic strip embedded in a legal brief!  http://ia601206.us.archive.org/6/items/gov.uscourts.nysd.394628/gov.uscourts.nysd.394628.110.0.pdf

And here is some background on it.  Enjoy!

http://legalblogwatch.typepad.com/legal_blog_watch/2012/09/lawyer-files-extraordinary-amicus-brief-in-form-of-a-comic-strip.html

New GAAP taxonomy unveiled

and awaiting comments.  See article at http://www.complianceweek.com/fasb-unveils-proposed-2013-gaap-taxonomy/article/257035/

Leaving public accounting at the 3-6 year mark

According to a recent research report.   Also check out the comments.  http://www.accountingtoday.com/news/leave-public-accounting-coehnen-brothers-63814-1.html