| 
Results for auditors litigation. Search took 0.08 seconds.
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 27, 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 26, 2009
...
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 April 6, 2009
... 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 7, 2009
...
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 5, 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 19, 2008
...ccountancy Age reports that insurance broker Marsh is warning that the global crisis will increase litigation against accountants. ...
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
...
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
...
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 11, 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 20, 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
...
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 18, 2008
...
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 11, 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 24, 2008
...
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 1, 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
...
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 8, 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 1, 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 March 31, 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 21, 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 26, 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 18, 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...
An Introduction to Hedge Funds
in The Hedge Funds Weblog, on January 23, 2008
...nd and discusses how unregulated hedge funds are regulated.
The book also looks at hedge fund litigation and directs you to recommended resources. All of this is combined in a format that w...
The Siemens money trail
in Sox First, on December 28, 2007
... been for osama bin laden . According to the WSJ, the illicit transactions were picked up by auditors for a bank owned by Liechtenstein's royal family. Looking out for possible terrorist tr...
Skilling fights on
in Sox First, on December 22, 2007
...ling's appeal of his conviction on 19 counts of fraud, conspiracy, insider trading and lying to auditors right here . . The 161 page document lays down a number of challenges in a number of area...
TeleCommunication Systems Sues RIM for Patent Infringement
in The Wireless Weblog, on December 20, 2007
...nage multiple email accounts," according to a company statement . "The company initiated litigation to protect its rights only after business discussions with RIM failed to resolve the disp...
PCAOB action
in Sox First, on December 13, 2007
...ublicity for Deloitte. And in another development, the PCAOB has given long overdue guidance for auditors to sort through the risks associated with the subprime credit situation in relation to fair...
White collar crime professionals
in Sox First, on December 10, 2007
...nded Neo - Institutional Theory of Misconduct in Professional Service Firms . The paper found that auditors are much less likely than other professionals to engage in client-centered misconduct like ...
No accounting for Giuliani
in Sox First, on December 1, 2007
...s dog. Politico.com revealed that the mayor's office refused to explain the accounting to city auditors, citing "security". There are more revelations of accounting gimmicks from TPM...
Learning the Sarbox ropes
in Sox First, on November 30, 2007
...ng why Sarbanes-Oxley was unlikely to get overhauled in the near future. Simply put, businesses and auditors are getting used to it and getting rid of it, or at least changing it, doesn't play pol...
Curveball questions
in Sox First, on November 18, 2007
...ives (i.e., the company pays the taxes as well)? Are executive perquisites reviewed by the internal auditors and reported to the audit committee (compensation committee)? There are 59 pages of great...
Beyond the SOX shock?
in Sox First, on November 16, 2007
...itional SOX compliance functions.What that suggests of course is that five years on, businesses and auditors have now become used to it and have adjusted accordingly. In other words, companies are now...
