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Results for auditor liability. Search took 0.12 seconds.
More on the Satyam-PWC scandal
in Sox First, on May 27, 2009
...ate governance regimes with laws like Sarbanes-Oxley. But nothing will be fixed until the issue of auditor independence and integrity is addressed. As Angur points out, the company was able to inflat...
SOX and complacency
in Sox First, on May 5, 2009
...er in this piece Today's Financial Crisis, Corporate Governance, and the Issue of Third-Party Liability . The problem, he says, is that corporate governance has not been fixed, contrary to what...
GM death watch
in Sox First, on March 6, 2009
... written, 2009 will go down as the year of the dead man walking. The New York Times reports that auditors Deloitte say GM's survival is in serious doubt, and that's even with $30 billion of...
Saving Money and Setting Up an Emergency Fund
in The Personal Finance Weblog, on February 9, 2009
...r your expenses for several months. You want to remember that there are
deductibles on your medical liability and auto coverage if you get into an accident. Besides that, one thing that many people ar...
Mayor Of Gulfport Mississippi Charged With Committing "Katrina" Fraud
in Exclusive from our news room , on January 28, 2009
...lfport Mississippi and his wife, Laura Jean Warr, have been charged with fraud in connection with a liability insurance claim they filed.
The couple also defrauded FEMA, and federal housing officials...
Hedging the bets
in Sox First, on January 13, 2009
...ing it easier to sue hedge funds and even legislation restoring so-called "aiding and abetting liability," which would make it easier to sue lawyers, accountants and bankers working on behal...
Corporate ethics and law
in Sox First, on January 9, 2009
...y." So to claim that ethics merely means complying with the rules is limited. Indeed, limited liability which is the cornerstone of corporate law and which is the reason why businesses choose to...
How Madoff played the SEC for suckers
in Sox First, on December 15, 2008
...d not be nearly replicated by our quant analyst. The feeder funds had recognized administrators and auditors but substantially all of the assets were custodied with Madoff Securities. This necessitate...
Britain moves on bribery
in Sox First, on November 28, 2008
...also an offence. The Law Commission explains: "Under our recommendations, traditional criminal liability should be extended only as far as the creation of an offence of negligently 'failing t...
The Lori Drew Case and the Future of Anonymity on the Web
in The Social Networking Weblog, on November 18, 2008
Steven Hodson at The Inquisitr published an interesting piece yesterday on the Lori Drew case and the legal implications it may eventually have for anonymity on the web.
Lori Drew's trial began today.
Hodson (along with Mark 'Rizzn' Hopkins over at Mashable) wants you to thin...
Fair value battle escalates
in Sox First, on October 29, 2008
...en more difficult when companies have to measure fair value based on the exit price of an asset and liability and a hypothetical third party's value placed on that asset or liability. But as repo...
Britain is a laggard on bribery
in Sox First, on October 27, 2008
... the UK to address deficiencies in its laws on bribery of foreign public officials and on corporate liability for foreign bribery has hindered investigations. The Working Group reiterates its previous...
Oil watchdog's "corruption"
in Sox First, on October 15, 2008
...allegations of drug use and totally inappropriate sexual relations. And the fascinating part is how auditor Bobby Maxwell lost his job just after he received the department's highest award. He was...
The Problem with College and the Value of a Degree
in The Universities Weblog, on October 12, 2008
...ystem. The big land grant universities make their money from research and see students as more of a liability than an asset. If you're in the bottom half of your high school class in GPA or in ACT...
Legal Things for peace of mind
in Biz Plan Hacks, on September 3, 2008
... sue.
Finally separate your business from your personal assets. Set up a corporation or a limited liability business entity to shield your personal assets incase of a fore mentioned lawsuit.
The m...
Portable Cell Jammer Puts the Smack Down on Noisy Talkers
in The Gadgets Weblog, on August 15, 2008
... to keep your cell phone silenced forcibly and without your knowledge. More importantly, what is my liability if I am using this device and an emergency call is jammed. This cell jamming device opens ...
GM and Deloitte settlement over lying to investors
in Sox First, on August 9, 2008
...
General Motors Corp. and its auditor, Deloitte have reluctantly agreed to pay $303 million to settle claims that the automaker lied to investors about its finances. The settlement seeks closure o...
The Lock Cup
in The Gadgets Weblog, on July 22, 2008
... idea, but fortunately, it doesn't seem to be for sale anywhere. I can only imagine the product liability lawsuits stemming from this product. The lawyers would have a field day with this. ...
Audit liabilty - the PwC case
in Sox First, on July 12, 2008
...a supreme court in a case involving PricewaterhouseCoopers could set a precedent for accountant liability. At the center of the case is the creditor's committee for the bankrupt Allegheny He...
Bootstrapping best for small business solutions
in BootStrapMe, on July 8, 2008
...nagement of a project well before it has been established as successful. There is risk of liability for large loans and other debt which might endanger other assets if the business fails.
• Reward. ...
Clueless about XBRL
in Sox First, on July 2, 2008
...on't entirely know what to do with XBRL either. How will this be enforced? What happens when an auditor sees glaring mistakes in tagging, but the rule (as proposed right now, at least) says audito...
Do I Really Need Car Insurance in Mexico?
in Latina Viva, on June 27, 2008
... Bad plan.
What do I need?
The minimum required insurance coverage to drive in Mexico is civil liability insurance. You need it to cover you in case you cause injury or damage.
And no, your Amer...
VoIP Providers One Step Closer To Proper 911 Access
in The VoIP Weblog, on June 19, 2008
...astructure to provide 911 service. It would also provide emergency dispatch centers with some legal liability if VoIP 911 calls fail.
The bill previously passed the House of Representatives in Novem...
Outsourcing Confidence
in The Outsourcing Weblog, on June 5, 2008
...tled employees. Furthermore, because of the risk allocation profiles of most outsourcing deals, the liability for harmful code intrusions often falls on the vendor (along with hefty consequential dama...
Email liabilities
in Sox First, on May 25, 2008
How seriously should companies treat their outbound emails? And are they handling the issue appropriately? For some, these might be significant questions in light of study, reported in the National Law Journal , showing that more than one in three large US companies had their emails subpoenaed...
Auditors, independence and distance
in Sox First, on May 21, 2008
... when you read through accounts, you come across a "going concern statement'' from the auditors. It's basically a red flag signalling that the company's state is looking terminal....
Enporion completes SAS 70 supply chain audit
in Supplychainer, on May 17, 2008
... Solution provider Enporion announced that it has done a successful SAS 70 audit, an independent auditor's review of its e-commerce supply chain management hosted solutions, Supply and Demand ...
Homeowner's Insurance and Your Home Business
in Home Based Business, on May 2, 2008
...home-based retail store displays or a hair stylist's chair in a home beauty parlor-and general liability which includes bodily injury such as slips and falls, third party property damage, and pers...
Average 2007 SOX compliance bill: $1.7 Million
in Sox First, on May 2, 2008
...revenues of $4.7 billion. And while compliance costs are actually slipping, that hasn't stopped auditors from cashing in big time. According to the latest Financial Executives International surv...
Auditors and independence
in Sox First, on April 23, 2008
...
Auditors take note: from now on, you will have to tell audit committees all about compromising links BEFORE you do any work for them. As expected, the Public Company Accounting Oversight Board ha...
Send Wesley Snipes to jail: prosecutors
in Sox First, on April 16, 2008
...osecutions play a vital role in our nation's tax system because our system of self-reported tax liability depends upon citizens' being assured that those who do not honestly report their incom...
Fewer big corporations getting tax audits
in Sox First, on April 15, 2008
...argest companies are less than half what they were 20 years ago with the number of field audits and auditor hours aimed at the large corporations down 30 per cent and the total of additional taxes the...
Personal Responsibility?
in Under My Helmet, on April 2, 2008
Here we go again ... some fool trying to insinuate that helmets don't do any good. Or more specifically, helmet LAWS don't do any good.
Ok, look... the bottom line is this: I'm not advocating more legislation. We've got plenty. But for people like Jeff Hennie, Vice-President...
Biovail's fraud and SOX
in Sox First, on March 27, 2008
...n effort to conceal the fraud, Biovail's senior officers intentionally misled the company's auditors and the investing public, showing their complete disregard for their responsibilities to sh... ...quivalent of "the dog ate my homework". Given that Sarbanes-Oxley establishes criminal liability for failure of corporate officers to certify financial reports - where they would get up t...
SOX and the Bear deal
in Sox First, on March 19, 2008
...ting question from Larry Ribstein in his Ideoblog : "Is there potential SOX internal controls liability for Bear executives? If not, and melt-downs like this can happen after SOX (worth $80+/sha...
How A Gambler Lives On His $26.7 Million Lotto Win?
in The Gambling Weblog, on March 19, 2008
...rate of $1.3 million per year?
He plays slot machines and he took on the IRS.
Image Source:www.auditor.leg.state.mn.us
...
Top 10 big business risks for 2008
in Sox First, on March 17, 2008
...al innovations such as securitizations and derivatives; legal risk, particularly with environmental liability, managerial liability where aggrieved shareholders might hold corporate directors personal...
Microsoft's new OS
in The CIO Weblog, on March 5, 2008
...ly increase as SaaS continues to grow and the desktop operating system as we know it becomes more a liability than an asset. In order to continue to sell operating systems, Microsoft needs to both mak...
Bad apples and bad trees
in Sox First, on February 19, 2008
...he University of Houston. Her paper, Of bad apples and bad trees: considering fault-based criminal liability for complicit corporations , argues that where a corporation encourages or induces crimina...
Ordering the "Wrong" Bottle of Wine: Whose Fault is It?
in Celebrate Wine, on February 15, 2008
...istake that this diner claims...not even close. The discussion centers around the restaurant's liability in all of this. Now, as a former fine dining server and restaurant manager, my init...
Charges Brought in Toxic Pet Food Case
in China Venture News, on February 10, 2008
The BBC and other news sources are reporting that two Chinese firms and an American Company have been indicted in the US for "their alleged role in a tainted pet food scandal."
We reported back in May of last year on toxins in pet food and other substances imported from China. ...
The Challenge of Accounting For Gift Cards
in Businesspundit, on January 31, 2008
...not be recorded as revenue under normal retail accounting. But chalking it up as a deferred revenue liability only presents a partially correct picture. The author of the article analyzed the 10-K sta...
The Role of Cultural Awareness in Doing Business in China
in China Venture News, on January 23, 2008
It's easy to say or do something "wrong" when you're in an unfamiliar culture.
I remember one of my first meals in an Australian home. As a male raised in the southern US, I thought my remark after the meal was a compliment. I said the food was delicious, then patted my stomach a...
Supremes screw investors
in Sox First, on January 23, 2008
... they had supplied to the cable firm. But the Supremes said the two companies bore no scheme liability because neither Scientific Atlanta nor Motorola made any statements that had been relied o...
What is your risk?
in Biz Plan Hacks, on January 16, 2008
...Do you know what your liability exposure is?
The Risky Business Blog recommends that you go through your place of business and find anything that might cause someone to get hurt, or to damage t...
The Year In VoIP: Q1 2007
in The VoIP Weblog, on December 26, 2007
Let's face it: news is slow around the Christmas holidays. And, of course, everyone does these long, massive "year in review" posts. Instead of doing one gigantic one, I am going to do a few smaller ones, using my blog posts as a guide for "what happened."
The initia...
Keeping it real with bootstrap approach
in BootStrapMe, on December 13, 2007
...rporation when starting your company to protect your personal assets. Mike recommends a Limited Liability Company through a service like My New Company with a cost of between $204 and $379 depend...
PCAOB action
in Sox First, on December 13, 2007
...loitte partner in charge of the Ligand audit, has accepted a two-year ban from association with any auditor registered with the PCAOB. The PCAOB found that Fazio had failed to adequately audit Ligand&...
Porn Bill Could Bring a $150,000 Fine for an Open Wi-Fi Network
in The Wireless Weblog, on December 8, 2007
...tes the Mac Observer's Jeff Gamet . "An open network could potentially lead to unexpected liability if a passerby uses the access point to find or share child pornography. It could also caus...
Security Software As A Liability
in Networking for Pros, on December 3, 2007
Network administrators are becoming so security-conscious that they may be doing more harm than good to their network. The networks most at risk? Those that use more than one anti-virus engine.
Anti-virus programs can be affected by bugs, just like any other computer software program. In...
Lodi Memorial Hospital Selects Broadlane For Purchasing Management Services
in Supplychainer, on November 30, 2007
...tient length of stay, resulting in lower cost-per-patient-day
- Increased patient safety, reducing liability risk
- More efficient use of resources
- Improved quality of care
- Improved teamwork t...
Enron, stakeholders and the consequences for corporate governance
in Sox First, on November 27, 2007
...al questions concern duties owed to shareholders. Officers and directors who want to avoid personal liability for alleged duty violations may choose to consider impacts on corporate stakeholders, espe...
Virtual theft, real world law
in Sox First, on November 20, 2007
...ns are transactions in securities, and are therefore subject to registration requirements and fraud liability under the securities laws. What's needed though, she says, is an exemption regime to d...
Insurance Issues
in Biz Plan Hacks, on November 20, 2007
Are your employees using their own vehicles while on company business?
Do you have employees running errands with their personal car?
Many small business owners have employees run errands or other business related activities with their personal cars. Risky Business Blog has an entry that tell...
How To Win In the Stock Market
in Businesspundit, on November 17, 2007
Mytrade.com sponsored a Daily Idea about investing. Check it out below.
Restatements: CEO, CFO and top management turnover
in Sox First, on November 15, 2007
...
If you are a manager, chief financial officer or auditor working for a company that comes out with a restatement, start looking for another job. That's the only conclusion you can draw from a n...
Accountants and fraud
in Sox First, on November 13, 2007
...ng giant Grant Thornton asked chief financial officers and senior comptrollers whether they thought auditors were responsible for detecting any and all fraud, a whopping 82 per cent answered in the af...
Gambling Winnings And Taxes
in The Gambling Weblog, on November 10, 2007
...pay Federal taxes on the winnings.
There are changes coming in the way a gambler's Federal tax liability is handled, and you can read this article about the proposals, and what the government and...
Is the Constant Connected Society a Liability to Career Advancement?
in Businesspundit, on November 7, 2007
The book I chose for this week's plane ride is a biography of Joseph Schumpeter . A little over 100 pages in, it's a fascinating life story so far. Schumpeter's father died at age 31, and his mother left the small town their family had inhabited for generations and moved to a much la...
Charles Prince resigns - the domino theory of market meltdowns
in Sox First, on November 5, 2007
...e boards, but where have they been before? Only now, with a sense of public pressure and a sense of liability that they haven't had before, are they acting," Jeffrey Sonnenfeld of the Yale Sc...
Auditors, litigation and caps
in Sox First, on November 2, 2007
...
Hat tip to Francine McKenna at Re: The Auditors for alerting to us the prospect of entrepreneurial litigation funders threatening to drive auditors out of business. Certainly the case of third ... ...g to get some extra protection from litigation. In Washington, moves are afoot to introduce audit liability caps. And next year in Britain, the law will change to allow auditors to calculate and s...
PCAOB slates audits of small firms
in Sox First, on October 26, 2007
...ley deadline for smaller companies, can smaller entities cope when there is an expected shortage of auditors? After December 15, between 13,000 and 14,000 companies will for the first time have to com...
Pennsylvania Cutting Student Aid
in The Universities Weblog, on October 24, 2007
...uses it has given to agency employees and for luxury retreats that it sends employees on. The state auditor recently warned that PHEAA could run out of money after spending almost $4 million on bonuse...
No brakes! Rolls-Royce rolls on top of Peugeot
in carzz.org, on October 22, 2007
...xecs might not be aware that when they purchased Rolls-Royce Motor Cars, they also inherited an old liability.
In mark 1 Silver Spurs and Spirits (1980-1989), brakes would operate only if the engi...
What to Know Before Making that Outsourcing Deal
in The Outsourcing Weblog, on October 20, 2007
...scussed as compared to just ignoring it or dealing it in the latter part of outsourcing deals.
b. Liability - If ever something would go wrong, you would be able to devise an approach on how to deal...
Should Single Moms Use Kids To Score Dates?
in The Dating Weblog, on October 18, 2007
...ere emotional tips like realizing that your kids bring something to the table and aren't just a liability to your dating life. And some were advice on incorporating your kids into dating ... advic...
Internal auditor stress
in Sox First, on October 17, 2007
Internal audit teams are being stretched more than ever and they are having trouble finding the right people to fill the gaps, according to a new report. Ernst & Young's Global Internal Audit Survey found that recruiting in key areas is a big problem. Industry, IT, fraud, and business ...
De-Duplication Product
in On Storage, on October 10, 2007
...39;s a new de-duplication product - RenewData has announced the availability of its backup Tape Liability Management Service, which enables corporations to identify, de-duplicate, and possibly red...
ATV Trail Progress: The Alliance of Trail Vehicles of Maine
in Under My Helmet, on October 5, 2007
...o help land owners protect themselves when opening their land to ATVs:
The group offers landowner liability/event insurance for member clubs to purchase. "This helps in easing landowner concern...
Idea of the Week: Bookkeeping Home Based Business
in Home Based Business, on October 1, 2007
...bookkeeping. Someone, somewhere will always need help in figuring out which asset is what and which liability goes where. Plus, there's always the taxes to consider. No wonder why bookkeeping is o...
