The importance of relationships

between auditors and audit committees and CFOs are highlighted in this article that summarizes a recent PCAOB report in which re-educating about the PCAOB inspection process was part of the aim.   Also the article highlights discussion from an AICPA forum.    http://www3.cfo.com/article/2012/8/auditing_pcaob-audit-rotation-audit-committee-aicpa

Cybersecurity

Mobile and cloud presents risks along with the opportunities  http://www.journalofaccountancy.com/Issues/2012/Aug/20125900.htm

Confidentiality of client information is key

This article has 7 elements to help CPAs in the area of ensuring privacy   http://www.journalofaccountancy.com/Issues/2012/Aug/20125580.htm

How SOX has changed corporate culture

After ten years, reflection upon this by the former lawmakers who sponsored it.  http://journalofaccountancy.com/news/20126140.aspx

10th Anniversary of SOX

has them still debating..   The impact on IPOs, restatements and other matters are alluded to.  http://journalofaccountancy.com/News/20126125.htm?cm_mmc=smartbrief-_-27Jul12-_-CPALD-_-SOXHouse&utm_source=smartbrief&utm_medium=12Jul12&utm_term=CPALD&utm_content=SOXHouse&utm_campaign=smartbrief

Holistic Risk

Article on 8 question to ask toward a holistic approach to risk.  http://www.journalofaccountancy.com/News/20126025.htm

A funny acronym that rhymes with GAAP

This article references that GAAP can sometimes be CRAP   (Cleverly Rigged Accounting Ploys).   The article is summarized at http://accounting.smartpros.com/x73821.xml