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Senator Jack Reed, D-R.I., has written letters to the heads of the Financial Accounting Standards Board and the International Accounting Standards Board asking how to improve the transparency of the types of assets linked to subprime mortgages.
February 15 -
XBRL US named Alfred R. Berkeley as the new chairman who will lead the board in 2008.
February 14 -
KPMG is holding a five-week competition among auditing students from more than 27 colleges and universities around the country.
February 13 -
A former PricewaterhouseCoopers auditor has settled charges with the Securities and Exchange Commission over his audits of video game developer Take-Two Interactive Software.
February 13 -
Catapult Communications Corporation recently announced that it is changing accounting firms. What was intriguing about the press release was the detailed reason given for changing from a Big Four to a regional firm. It made the change “to significantly reduce its accounting expenses.”
February 12 -
An appeals court has overruled $300,000 in penalties levied against accounting firm Grant Thornton in a case involving the firm's audit of the First National Bank of Keystone.
February 12 -
A study of internal auditors around the world has uncovered similarities and sharp differences within the profession.
February 12 -
The Foundation for Financial Planning has awarded nine new grants totaling $565,272. The grants went to:
February 11 -
Are you feeling overwhelmed by the task of sorting through a multitude of mutual funds to offer clients? Think of narrowing down the appropriate funds as a funneling process.This technique works for Sean Bergin, managing director of Citrin Cooperman Wealth Management Co., based in Philadelphia. For him, the key is to slim the selection down via a handful of requirements.
February 11 -
One dirty little secret of financial reporting is off-balance-sheet financing.
February 11