PCAOB to ramp up inspections

now that the organization is in the clear from the question of whether its existence was constitutional http://www.bloomberg.com/news/2011-02-11/u-s-audit-watchdog-to-ramp-up-enforcement-new-chairman-says.html

PCAOB inspection chief

planning to retire in March http://www.accountingtoday.com/news/PCAOB-Inspection-Chief-Diacont-Retire-57209-1.html

Going concern blog

includes results of AICPA staffers discussings CPA exam changes http://goingconcern.com/2011/01/the-aicpa-talks-to-going-concern-about-the-new-cpa-exam/

A fun Video

of a PWC auditor competing on the American idol http://goingconcern.com/2011/01/is-this-pwc-auditor-your-next-american-idol/#more-24553
He's going to Hollywood!

Bernie Madoff fraud

The results in a picture http://www.usfst.com/The-Fraud-of-Bernard-Madoff.html

The CPA involved still had a pending sentence http://www.taxgirl.com/friehling-loses-cpa-license-still-awaits-sentencing/    But stay tuned for this upcoming March http://www.nysscpa.org/blog/2010/9/2/madoff-auditor-sentencing-postponed-until-march

Audits worth it?

article from Wall Street Journal.  Highlights theresults of one study of the interest savings derived from the audit   http://online.wsj.com/article/SB10001424052748703791904576076474014311438.html?mod=dist_smartbrief

New chairman of PCAOB

A new chairman and two members of PCAOB http://www.complianceweek.com/sec-firms-up-three-pcaob-appointments/article/193894/
This brings the board back to full capacity.  This article also details the current salaries http://www.bloomberg.com/news/2011-01-07/sec-s-schapiro-said-to-pick-doty-to-lead-public-accounting-oversight-panel.html
Also Francine McKenna offers some more personal insights on the selections at her blog http://blogs.forbes.com/francinemckenna/2011/01/07/sec-stacks-the-deck-against-investors-at-pcaob/