Auditor rotation

 bill to ban PCAOB moves forward  http://blogs.wsj.com/cfo/2013/06/19/bill-to-ban-pcaob-from-forcing-auditor-rotation-advances/?mod=djem_jiewr_AC_domainid

SEC charges cross-border company in fraud

The alleged loss - millions of dollars of cash improperly reported since the company China MediaExpress went public.   Auditor resigned, and forensic accountant auditor refused to take bribe   http://www.sec.gov/news/press/2013/2013-115.htm

Ex-Enron CEO Jeff Skilling's prison sentence shortened

under an agreement with Federal prosecutors.  He could get out in 2017 with the time he has served.  http://www.usatoday.com/story/money/business/2013/06/21/ex-enron-ceo-skilling-resentenced-to-14-years/2447223/

House bill to prohibit mandatory rotation of auditors

PCAOB proposed mandatory rotation; many opposed it as noted with comment letters.   http://www.reuters.com/article/2013/06/19/us-house-sec-bills-idUSBRE95I1NS20130619

The AICPA, not surprisingly,  had a letter also in suppport of the bill and in opposition to mandatory rotation. http://www.aicpa.org/Advocacy/Issues/DownloadableDocuments/2013-6-17-MFR-Letter.pdf

SEC, fraud, CPAs

This post by Francine McKenna is rich with links that synthesize issues of interest to those interested in studying and finding fraud   http://www.forbes.com/sites/francinemckenna/2013/06/18/where-should-sec-start-a-fraud-crack-down-maybe-look-at-fake-restatements/

How new COSO framework may affect business

Three ways are mentioned   http://blog.aicpa.org/2013/06/3-ways-the-new-coso-framework-may-affect-your-business.html

The accountant who created a fashion book

This has nothing to do with auditing, but it is a nice distraction on a summer's day.  Accountants and auditors could be stylish, even in the 16th century.  Here's to defeating the dreary stereotypes!    Enjoy.  http://www.bbc.co.uk/news/magazine-22766029

Regulations extending the CPA's day

As per this article, the regs come from a variety of avenues that require compliance  http://www.journalofaccountancy.com/News/20138124.htm

An interesting site for aspiring CPAs

http://crushthecpaexam.com/