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Results for auditors litigation. Search took 0.05 seconds.
Emanuel presses for another Sarbanes-Oxley exemption
in Sox First, on November 3, 2009
... Mary Schapiro had granted yet another reprieve, giving small firms until next year to start paying auditors to scrutinize their internal controls. But in her press release at the time, Schapiro sai...
What can newspapers learn from the music business?
in Sox First, on October 12, 2009
... will suffer. Just as the music industry caused all sorts of problems for itself when it engaged in litigation against Napster, the print media is on a hiding to nothing with its plans to charge for o...
Should ratings agencies go the way of Arthur Andersen?
in Sox First, on October 3, 2009
...hur Andersen? The giant accounting firm ceased operation in 2002 after authorities learned that its auditors had shredded documents related to Enron's fraudulent schemes and were probably complici...
Citigroup and Norwegian greed
in Sox First, on August 11, 2009
So the fallout from the meltdown continues with reports that Norwegian municipalities and a bankrupt securities broker, Terra Securities, are suing Citigroup for $200 million after losing all their money in investments in notes which they claim Citigroup said was conservatively geared. The f...
GE cooks the books
in Sox First, on August 9, 2009
...res GE's locomotives shenanigans to Enron's barges deal and raises questions about GE's auditors KPMG. Echoes of Arthur Andersen. Accounting commentator J. Edward Ketz says the Securiti...
Google 出价 1.065 亿美元收购 On2
in Wangtam, on 2009-08-06
Google 表示 将斥资 1.065 亿美元收购数字视频压缩技术提供商 On2 Technologies。
根据协议规定，每股 On2 股票将转换为价值 0.60 美元的 Google 普通股。交易规模大约在1 .065 亿美元。整个交易预计将在今年第四季度完成。
Google 拥有广受欢迎的视频共享网站 YouTube。而 On2 是一家数字视频压缩技术提供商，在网络视频日益盛行的今天，数字视频压缩技术已成为一个重要法宝。
Google 产品管理副总裁 Sundar Pichai 在声明中表示，"现在视频已经是 Web 体验的一个重要组成部分，我们相信高品质的视频压...
Skype to shut down?
in Sox First, on August 1, 2009
...ourt ruling. The filing says: "Although Skype is confident of its legal position, as with any litigation, there is the possibility of an adverse result if the matter is not resolved through nego...
微软与 Yahoo 达成为期 10 年的搜索合作协议
in Wangtam, on 2009-07-31
微软和 Yahoo 今天共同对外宣布，双方已达成为期 10 年的搜索和广告合作协议，称该交易将为全球消费者和广告主带来更多选择，并有利于进一步加强全球互联网产业的技术创新步伐。
微软、 Yahoo 称，总而言之，通过该交易，微软将成为 Yahoo 搜索的技术提供商，而 Yahoo 将独家负责两家公司全球范围内的搜索广告销售事务。
两家公司称，对网民和广告主而言，该交易在整合双方产品资源和搜索平台后，将推动互联网产业的持续技术创新。网民们会发现，他们查找信息的速度将更快，所获得信息准确性也更高。通过微软具有市场竞争力的搜索平台，将为广告主、内容提供商带来更多价值，并提高网民们的互联网活...
Pacific islands' climate change litigation threat
in Sox First, on July 27, 2009
An alarming Oxfam Australia report shows very clearly that Pacific islands like Tuvalu and Kiribati will probably need one strategy to stop climate change: complete evacuation. "Rising sea levels, heavier floods, more frequent and severe storms, extensive drought, contamination of drinki...
CalPERS sues ratings agencies
in Sox First, on July 16, 2009
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Ratings agencies have been prime targets for litigation as their conflicts of interest contributed to the global market meltdown. But they have always defended their actions, hiding under the Firs...
AMR: Oracle/Sun to 'Wreak Havoc' on Enterprise Software Market
in Java Entrepreneur, on July 9, 2009
...lawyers are already getting ready to go to the mattresses. This battle will make the Peoplesoft/DoJ litigation look like a first grader's Little League game," writes Seeking Alpha's Denn...
Climate change: the lawyers' picnic
in Sox First, on June 28, 2009
...sed by the narrowest of margins and business opposition, we can expect to see it open up a spate of litigation. Writing in Forbes earlier this week, Institute for Liberty president Andrew Langer wa...
Michael Jackson's debt legacy
in Sox First, on June 27, 2009
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There's bound to be massive litigation over Michael Jackson's estate. For the last years of his life, the pop icon was bogged down in controversy. But more to the point, he was trappe...
Directors warned about greenwash
in Sox First, on June 22, 2009
...ACCC's findings would not have any direct impact on directors, it potentially opens the way for litigation and prosecution down the track. All this coincides with moves by the World Business Summ...
More on the Satyam-PWC scandal
in Sox First, on May 27, 2009
...addressed. As Angur points out, the company was able to inflate its profits by $1.6 billion and its auditors at PwC didn't pick up the problem. Francine McKenna at The Auditors blog really gets...
Free Screenwriting Software
in Wangtam, on 2009-04-07
... AnswersFinder.com
• Google Loses A Round In Sponsored Search Litigation
• Chinese Social Networks 'Virtually' Out-Earn Facebook And MySpace: A Market Analysis
• Henry Porter: Google is ...
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...
Satyam: do we need a global Sarbox
in Sox First, on January 21, 2009
...ad intentionally overestimated, to $1.4bn, the value of the company's assets. The company's auditors PricewaterhouseCoopers have been replaced. A good rundown of the story from the New York T...
Subprime meltdown drives litigation
in Sox First, on January 8, 2009
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The financial meltdown is driving litigation. New data released in the Securities Class Action Filings: 2008 Year End Assessment , from Cornerstone Research and the Stanford University Law Schoo...
Climate change chain of command
in Sox First, on January 6, 2009
.... What impact, for example, will an emissions trading scheme have on contracts? Or for that matter, litigation? Businesses don't have departments or experts who are across all these issues and fe...
The Madoff scandal: now for the auditors
in Sox First, on December 23, 2008
Yesterday, I did a blog entry on how the Madoff scandal had out accountants in the gun. The view now is that no-one could have pulled off a scam as big as this, and kept it going for so long, without some outside help. Now The Wall Street Journal reports that investigators have jumped on a ...
Insurance brokers warn
in Sox First, on December 20, 2008
...ccountancy Age reports that insurance broker Marsh is warning that the global crisis will increase litigation against accountants. The global crisis has hit everyone hard, but the currency forex tra...
Will there be more Madoffs?
in Sox First, on December 16, 2008
... protect investors because it was all too hard, and one that allowed him to get away with complicit auditors. And the other point too is that Madoff would never have been able to get away with it for ...
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...
PCAOB to auditors: turn up the heat
in Sox First, on December 9, 2008
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The Public Company Accounting Oversight Board has put auditors on notice. in the wake of the economic meltdown, they need to exercise extreme scepticism. The PCAOB has put out a report tellin...
Auditors slam bailout
in Sox First, on December 3, 2008
The Government Accountability Office has raised questions about the transparency of the US Government's $700 billion rescue package for profligate banks. In its report , the GAO says nobody really seems to be tracking how the money is being spent. "The banking regulators indicated t...
Auditors can't beat fraud
in Sox First, on November 25, 2008
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Some 12 months ago, I did a blog entry suggesting that it might be easy to pull the wool over auditors' eyes when it comes to fraud.
Now a piece in CIO Today, Investigations or Audits: Fr...
G20 undermines accounting independence
in Sox First, on November 18, 2008
...s a different funding system. Accounting standard setters share one thing in common with judges and auditors: they not only need to be independent, they need to be visibly independent. Unfortunately,...
Competes and Non-Competes
in The CIO Weblog, on November 4, 2008
...y have been, as I have, vaguely following the IBM versus Apple shootout (now seemingly destined for litigation after the opening press release bombardments have failed to budge either party) over form...
GM-Chrysler merger: a bad idea for bad times
in Sox First, on October 12, 2008
... headaches? All the plants to close, all the tortuous discussions with the UAW, all of the possible litigation with dealers. It's too horrible to contemplate." The Autoblog has a similar w...
How global warming will change corporate governance
in Sox First, on September 24, 2008
...ications at Law.com . And this is just the beginning. These changes will fuel more climate-linked litigation....
The Financial Crisis and Legal Process Outsourcing Conflicts
in The Outsourcing Weblog, on September 23, 2008
...cial market that have occurred in the past two weeks, there is little doubt that an avalanche of litigation will ensue. In fact, it is possible that the quantity of securities litigation will be so ...
PokerTek Hits the Strip at Excalibur
in Internet Poker, on August 21, 2008
...es Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. The forward-looking statements herein include, but are not limited to, the ...
How global warming will change companies
in Sox First, on August 20, 2008
...l the changes will be the result of the new compliance costs foisted on business, and the threat of litigation. It will be a new world order , and no-one yet knows how it will end up looking....
FASB has drug makers squealing
in Sox First, on August 15, 2008
... Standards Board, reported here , requiring companies to account for the potential cost of ongoing litigation. As The Wall Street Journal points out, it would give attorneys a licence to print money ...
Pax World's irresponsibility
in Sox First, on August 5, 2008
Pax World Funds, which calls itself a socially and environmentally responsible mutual fund, has come to grief after it agreed to pay $500,000 to settle Securities and Exchange Commission charges that it violated its own investment rules. Pax World was caught red-handed when two of its mutual fu...
Subprime + volatility = litigation
in Sox First, on July 30, 2008
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It's clear that the subprime debacle has resulted in an outpouring of litigation. The trend was fairly obvious just months ago when I looked at the issue here . Now, the trned seems to be ga...
SEC is wrong on short selling
in Sox First, on July 29, 2008
...vored "nationally recognized" credit-rating agencies. It is the agency that watched while auditors became corporate consultants, selling the kind of services that audits should detect and re...
A Bump in Disputes For Outsourcing Contracts?
in The Outsourcing Weblog, on July 28, 2008
Photo courtesy of iStockphoto, christine balderas
In a recent ComputerWeekly.com article , the London-based law firm of Pinsent Masons suggested that the current credit crunch will lead to a an increase in the number of re-negotiations, reductions-in-scope, terminations and disputed within I...
Managers' behavior and fraud: warning signals
in Sox First, on July 25, 2008
...ions. The authors say that these variables need to be incorporated into auditing standards to give auditors enough of a warning sign....
PCAOB to get smashed?
in Sox First, on July 16, 2008
The Public Company Accounting Oversight Board, the centerpiece of the sarbanes-oxley legislation , is under serious legal threat, reports Bloomberg's Jane Bryant Quinn . The legal challenge, brought on by a small accounting firm in Nevada and backed by the conservative free market ch...
Audit liabilty - the PwC case
in Sox First, on July 12, 2008
...lean audit opinions before the company collapsed in bankruptcy in 1998. PwC won the first round of litigation but a three-judge panel in the 3rd Circuit has thrown that ruling into question, reports ...
Limited liability for US auditors coming in?
in Sox First, on June 19, 2008
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Last week, I looked at how European auditors were on the way to getting limited liability . Now it looks like their US counterparts are going to get the same thing with reports that the Securi...
Computing is Bigger in Vegas
in Bizinformer, on June 12, 2008
... see if I could justify a convention trip on the business tab. No dice. The Institute of Internal Auditors have the next big convention out there in July (with the exception of a June seminar on Acc...
Auditor liability caps
in Sox First, on June 12, 2008
...o, I wrote about some disturbing developments where a European study pushed for liability caps for auditors . There is an issue of moral hazard here. Auditors should be held accountable and not havin...
Bringing accounting firms to account
in Sox First, on June 11, 2008
...nsparency. But CFO.com raises one obvious problem in its great headline: But Who'll Audit the Auditors' Reports? ...
Microsoft increasing commitments to India
in The CIO Weblog, on June 11, 2008
...in terms of right and wrong, but I don't happen to agree with that perspective) than in funding litigation against open-source projects which serve the same purpose....
The audit cartel
in Sox First, on June 4, 2008
...r medium-sized firms. They could insist on compulsory retendering or company audits and rotation of auditors. They could invite new players to the audit market. The Securities Exchange Commission or t...
Failed audit in Iraq
in Sox First, on May 25, 2008
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No surprises that US government auditors have found that the contracting practices in Iraq are deficient. And a complete waste of taxpayers' money. The New York Times reports that the us ...
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....
Backdating litigation fails to deliver
in Sox First, on May 16, 2008
...protracted complicated cases. But now the latest data suggests that the returns for investors from litigation have not been that flash. A NERA Economic Consulting study reveals that settlements fr...
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...
PCAOB targets mortgage securities
in Sox First, on May 2, 2008
... at off-balance sheet transactions. The PCAOB has fired a shot across the bows of all audit firms. Auditors are on notice: the PCAOB has you in its sights....
The business of corruption
in Sox First, on April 29, 2008
...likely to peak in the next year or two, FPCA work, along with the coming flood of subprime mortgage litigation, should be enough to keep Washington 's legal industry humming, even as the res...
PCAOB's fifth birthday
in Sox First, on April 27, 2008
...viewed in just five years, 700 inspections of small and large firms, 17 enforcement actions against auditors and firms and 17 Deloitte & Touche clients that had audit deficiencies in their 2004 au...
Auditors and independence
in Sox First, on April 23, 2008
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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...
PCAOB and the new independence rule
in Sox First, on April 20, 2008
...e Public Company Accounting Oversight Board is looking at a new independence rule designed to force auditors to come clean on their links with corporations. The PCAOB has announced it will hold an ...
Subprime crisis drives litigation
in Sox First, on April 10, 2008
...;s been confirmed with latest research from ISS RiskMetrics showing that shareholder activism and litigation has increased as a result of the credit crisis. a significant number of subprime-related ...
Chinese stock market pains
in Sox First, on April 9, 2008
... Chinese companies follow international accounting rules but there is a shortage of accountants and auditors, and the rules for foreign takeovers are murky and untested. Investors face risks in this ...
Class actions rise: more to come
in Sox First, on April 2, 2008
... associated with significantly higher settlements. With the money power of institutions bankrolling litigation, we can expect the number of class actions to increase. The question is what impact the ...
SOX-related boardroom changes and share price
in Sox First, on April 2, 2008
...re forced to overhaul their systems of corporate governance. A Raft of changes were introduced. Auditors were required report to audit committees, audit committee had to comprise directors who wer...
Fraud and IPOs
in Sox First, on April 1, 2008
...out misrepresenting information to outside investors. This study sends a message to regulators and auditors. You can't expect investors to stop or monitor fraud. All they want are good returns. B...
What's caused the explosion in restatements?
in Sox First, on March 22, 2008
...were usually the result of internal mistakes made by their own accountants and the failure of their auditors to catch them. The research, conducted by Marlene Plumlee of the University of Utah and ...
Carbon world of 2028
in Sox First, on March 19, 2008
...hese companies will shape business, very much in the same way that Google and Microsoft have done. Litigation over damage from climate change will be common. And insurers might not want to write cert...
Top 10 big business risks for 2008
in Sox First, on March 17, 2008
...ability. It can also contribute to health problems as well as the spread of environmentally related litigation. Climate change also produces the political risk of conflicts over scarce resources, and ...
Business Disputes and Wasted Resources
in Bizinformer, on March 7, 2008
... Discourage litigation. Persuade your neighbors to compromise whenever you can. - abraham lincoln
Abraham Lincoln was asked by a young attorney how to build his law practice. His advice (p...
SEC-PCAOB arm wrestle
in Sox First, on February 27, 2008
...rding to Gillan, the SEC really pushed the PCAOB to water down standards, in particular the role of auditors in testing internal controls. The SEC, according to Gillan, wanted auditors to take a back ...
SEC litigation and share price
in Sox First, on February 27, 2008
...on the share price . But are some violations worse than others? Is there a difference between litigation being settled with fines and without? What happens if it's just left pending? These ...
Sponsored Post: SPAM, Viruses and the Blacklisting of Exchange Servers
in I got Spam?!, on February 19, 2008
...net gateway is infected and spamming.
Turns out that users with their own machines, which included auditors and sales reps plugged into the corporate network, not knowing they were infected with a SP...
Société Générale fallout: who's next?
in Sox First, on February 19, 2008
...n attack, either through deliberate targeting or through the failure of IT security staff and auditors who in the interests of saving a nail in their budget are prepared to risk the Kingdom. Société G...
