Audit & Accounting

A new report from Ernst & Young finds that many companies can improve their Sarbanes-Oxley compliance.

About a year and a half ago, our editorial team was involved in the annual ritual of envisioning new products that our sales team could potentially take to market and, hopefully, attract several interested sponsors.

A federal judge has thrown out most of the key claims in a class-action lawsuit against Ernst & Young over its audits of Lehman Brothers.

The Public Company Accounting Oversight Board has disciplined a pair of Ernst & Young auditors after they allegedly provided misleading documents and information to PCAOB inspectors and altered and backdated working papers.

Washington, D.C. - The Public Company Accounting Oversight Board has issued a concept release that aims to overhaul the auditor's reporting model, describing different alternatives to provide more information to investors from the auditors of publicly traded companies.

There has been a growing demand over the past 10 years for information on corporate behavior, which could include environmental impact, employee health and safety initiatives, community development, supply chain practices, and a host of other topics. A lot of these issues are addressed through sustainability reporting.

A BUSY SUMMER

The Securities and Exchange Commission has written to Groupon asking the company behind the popular group discount site to clarify the accounting measures it used in its filing for an initial public offering.

PwC has released the second edition of “A Guide to Forensic Accounting Investigation,” providing a step-by-step approach to fraud prevention, investigation and deterrence.

IMGCAP(1)]With Medicare fraud costing the federal government an estimated $60 billion a year, it makes perfect sense that the Centers for Medicare and Medicaid Services has tapped aerospace innovator Northrop Grumman to create a predictive model that will detect fraud. Or does it?