Friday, July 23, 2010

Confirmation Standard released for comment

http://www.journalofaccountancy.com/Web/20103112.htm 
Journal of accountancy article discusses the PCAOB proposed standard that has been released for commnet.

Tuesday, June 15, 2010

Nearly one out of five public companies expected

to have a going concern opinion.  This 6-10-10 update from CFO also discusses the results of last year's slightly higher than that % of going concerns.  8 % of those are no longer registered with the SEC.  These are hard times indeed
http://cfo.com/article.cfm/14504227/c_14504896

Monday, June 14, 2010

Bernie Madoff now

http://nymag.com/news/crimelaw/66468/  This article about Bernie Madoff in prison was interesting.  Prison has set him free!  He can just be who he is...notice how he has similar company with others including the two Rigas family members (Adelphia) in the same prison. 

Monday, June 7, 2010

COSO report on fraud updated

The report looks at the companies that were caught with fraud and provides some statistics on the industries involved, auditors, changing auditors, types of frauds, methods of perpetuating, amount of fraud etc.
http://www.coso.org/

Supreme Court decision on PCAOB constitutionality is expected soon

The issues are outlined in this Journal of Accountancy article.
http://www.journalofaccountancy.com/Web/20102871.htm