The Public Company Accounting Oversight Board, which oversees company auditors, sent lawmakers a draft bill that would repeal a requirement that its enforcement proceedings remain secret. Daniel Goelzer, acting chairman of the PCAOB, said the public does not have access to information about accountants who have been charged or sanctioned by the board. http://www.journalofaccountancy.com/Web/20103172
also the Wall Street Journal http://online.wsj.com/article/SB10001424052748704206804575467582668103578.html?mod=dist_smartbrief
Tuesday, September 7, 2010
Friday, September 3, 2010
Thursday, September 2, 2010
Audit fee trend
According to Tim Reason of CFO Magazine, a three-year slide in audit fees may be beginning to bottom out. Fees have been dropping for several years now, first as Sarbanes-Oxley work became more routine and then as companies scrutinized expenses in response to the economic crisis. http://www.cfo.com/article.cfm/14519712/?f=rsspage
Sunday, August 29, 2010
Thursday, August 26, 2010
Bernie Madoff's prison life
CNBC has this article with a few videos describing Bernie Madoff's current life in prison http://www.cnbc.com/id/38771172/
Thursday, August 19, 2010
Tuesday, August 17, 2010
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