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The Institute of Chartered Accountants of England and Wales is calling for a “big bang” approach to implementing a series of new International Financial Reporting Standards.
February 4 -
Irving H. Picard, the trustee for the liquidation of Bernard Madoff’s asset management firm, has filed a complaint against JPMorgan Chase, claiming the bank had suspicions about Madoff’s Ponzi scheme going back to at least 2006, but waited until 2008 to alert authorities while it earned hundreds of millions of dollars from doing business with Madoff.
February 4 -
The Public Company Accounting Oversight Board said Thursday that Steven Richards, the former assistant chief accountant in the Securities and Exchange Commission’s Division of Enforcement, will be joining the board as special adviser to the PCAOB’s new chairman, James R. Doty, at the end of March.
February 3 -
The focus of internal audit activities is expected to change significantly in the next five years, according to a new study.
February 2 -
President Obama has launched a new initiative to fund small business entrepreneurs known as Startup America, which sounds like something that might better belong on Sand Hill Road in Silicon Valley than on Pennsylvania Avenue in Washington.
February 1 -
A Florida Circuit Court jury ruled in favor of the estate of a philanthropist in a case involving BDO’s audits of a defunct real estate firm.
February 1 -
Question: Are the Big Four and national audit firms better off with regard to reputation and public trust than they were eight years ago at the height of the Enron and WorldCom debacles?
February 1 -
The Miller and Bahnson article "Duh-preciation: Why is this elephant still in the room?" (Accounting Today, Dec. 13-Jan. 10, 2011, page 17) is a great example of the damage sitting in an ivory tower without anything useful to do but play with your ankus does to one's brain cells.
February 1 -
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Like others, we're watching the trumpeted "Blue Ribbon Panel" on accounting standards for private companies. Unlike others, our expectations are very low because we aren't confident this group understands what reforms are needed.
February 1
