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

the do's and don'ts of garnishment

for small business http://www.openforum.com/articles/what-every-employer-needs-to-know-about-garnishment?extlink=em-openf-SBdaily

CPAs as whistleblowers

Article about a recently implemented whistleblower program that would financially reward a CPA. Possible problems this controversial program are discussed. http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2011/CPA/Jul/Whistleblowers.jsp

Regulators and standard setters

a deepening conflict. http://news.idg.no/cw/art.cfm?id=7670CB1F-1A64-6A71-CEF8BA0648EEC9D2

PCAOB concept release on audit report available

per Journal of Accountancy http://www.journalofaccountancy.com/Web/20114281.htm

PCAOB considers changes to

audit reporting model.  See this AICPA article http://www.journalofaccountancy.com/Issues/2011/Jul/20113954.htm