Accounting and auditing regulations

This cartoon says it all  http://tedgoff.tumblr.com/post/30937501208/would-you-mind-if-we-keep-one-hundred-crates-in

A neat antitrust brief

Well this doesn't have much to do with auditing, except lawsuits can take place and auditors have to address disclosures, so I'll sell it here on that point.   I really just want to keep this one handy so I don't lose it.

What - a comic strip embedded in a legal brief!  http://ia601206.us.archive.org/6/items/gov.uscourts.nysd.394628/gov.uscourts.nysd.394628.110.0.pdf

And here is some background on it.  Enjoy!

http://legalblogwatch.typepad.com/legal_blog_watch/2012/09/lawyer-files-extraordinary-amicus-brief-in-form-of-a-comic-strip.html

New GAAP taxonomy unveiled

and awaiting comments.  See article at http://www.complianceweek.com/fasb-unveils-proposed-2013-gaap-taxonomy/article/257035/

Leaving public accounting at the 3-6 year mark

According to a recent research report.   Also check out the comments.  http://www.accountingtoday.com/news/leave-public-accounting-coehnen-brothers-63814-1.html

whistleblower reward

from SEC, sparks concerns that some individuals will prefer to go that route, instead of reporting first in-house.   8 tips a day since the program was implemented last year.
http://www3.cfo.com/article/2012/8/risk-compliance_sec-iia-whistleblower-chambers-goldman

PCAOB giving out more bad grades

in its inspections of firms.  What is behind this?   New York Times takes some perspectives.  http://www.nytimes.com/2012/08/24/business/bad-grades-rising-at-audit-firms.html?pagewanted=1&_r=1 

Fake audit in New Mexico Finance Authority

begets concerns in subsequent treatment.   Internal controls, transparency, objectivity, responsibility of the audit committee are issues to consider.  http://accounting.smartpros.com/standard/IMA/IMA_0812c.html