China regulators quiz large audit firms about

audit information that is shared with oversears regulators.
 http://www.reuters.com/article/2011/10/19/us-china-accounting-idUSTRE79I16420111019

Worst corporate boards of the last decade

See this article http://www.thedailybeast.com/galleries/2011/09/23/10-worst-corporate-boards-photos.html

ASB issues SAS 122-124 from Clarity Project

A description follows here.  http://www.aicpa.org/InterestAreas/FRC/AuditAttest/Pages/DescriptionofClarifiedSASs.aspx

Resources from AICPA to combat fraud

and look at risk http://www.aicpa.org/INTERESTAREAS/BUSINESSINDUSTRYANDGOVERNMENT/RESOURCES/CORPORATEGOVERNANCERISKMANAGEMENTINTERNALCONTROL/Pages/riskmanagmentandinternalcontrol.aspx

Audit Committees

Quarterly publication from Ernst and Young http://www.ey.com/US/en/Services/Assurance/BoardMatters-Quarterly--September-2011---Enhancing-audit-committee-performance-through-ongoing-feedback

SEC destroy fraud files

See attached information http://finance.townhall.com/columnists/mikeshedlock/2011/08/18/sec_destroys_9000_fraud_files/page/2

also see this more detailed information in smartpros on the same subject http://accounting.smartpros.com/x72543.xml

AIG sues Bank of America - charging fraud

American International Group Inc. is suing Bank of America Corp to recover more than $10 billion over a "massive fraud" on mortgage debt, deepening the litigation morass facing the largest U.S. bank.



http://www.reuters.com/article/2011/08/08/bankofamerica-aig-lawsuit-idUSN1E7770B620110808