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/

PCAOB Budget

includes costs related to implementing Dodd Frank provisions.  The budget is still pending SEC approval  http://www.journalofaccountancy.com/Web/20103597.htm

Test your knowledge

of professional ethics courtesy of the Journal of Accountancyhttp://www.journalofaccountancy.com/Issues/2010/Oct/20103166.htm

Plan for fraud detection

laid out by the Center for Audit Quality.  The 55 page document is embedded in the url at this link from the Journal of Accountnacy.  http://www.journalofaccountancy.com/Web/20103434.htm