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Sarbanes Oxley on trial
in Sox First, on December 4, 2009
...rguments that seek to dismantle Sarbox by wiping out the Public Company Accounting Oversight Board (PCAOB). The case, as detailed here , involves a small accounting firm Beckstead and Watts which wa...
No autographs, say auditors
in Sox First, on October 18, 2009
...t with a proposal requiring engagement partners to personally sign corporate audit reports. The PCAOB writes: "A requirement for the engagement partner to sign the audit report could improve audit...
PCAOB chairman Mark Olson quits. What now for Sarbanes-Oxley?
in Sox First, on June 9, 2009
... to take up a case that questions the constitutionality of the board. The questions surrounding the PCAOB's constitutional validity is spelled out in the US Supreme Court document here . That cas...
PCAOB to auditors: turn up the heat
in Sox First, on December 9, 2008
...ors on notice. in the wake of the economic meltdown, they need to exercise extreme scepticism. The PCAOB has put out a report telling auditors what to watch out for, pointing out this economic clim...
Court upholds Sarbanes-Oxley
in Sox First, on August 25, 2008
...w to the Free Enterprise Fund which had filed suit in 2006 against the board, claiming that the way PCAOB members were appointed by the SEC violated the Constitution, which gives the president the pow...
Ben Dyer Goldsmith & Jewelry Designer
in The Jewelry Weblog, on August 13, 2008
... no nickel and is hypo-allergenic for most women with metal allergies.
$515
Artist Statement
I wrestle with living in tune with both history and the needs and dreams of the future. I was driven t...
PCAOB to get smashed?
in Sox First, on July 16, 2008
...t through, there will be an appeal. During which time Congress will bring in changes to prop up the PCAOB and neutralize the legal challenge....
Clueless about XBRL
in Sox First, on July 2, 2008
... financial reporting all along the chain of every major business process. Companies will be able to wrestle with XBRL at the end of major business processes, once they have the final numbers they want...
Bringing accounting firms to account
in Sox First, on June 11, 2008
The Public Company Accounting Oversight Board has brought in new rules that will require public accounting firms to file annual reports. They will also be required to come clean on things like disciplinary action information about people who have joined the firm. They will also have to provi...
PCAOB targets mortgage securities
in Sox First, on May 2, 2008
... Young went about auditing an undisclosed originator of mortgage loans. The concerns raised by the PCAOB are valid given that these are the audits that are the most high risk and that Wall Street has...
PCAOB's fifth birthday
in Sox First, on April 27, 2008
In case you missed it, the Public Company Accounting Oversight Board had its fifth birthday last week on April 25. So to help celebrate, Sarah Johnson at CFO.com reviews its short life life by the numbers . She has come up with some good stats too. 4000 public company audits reviewed in ju...
Auditors and independence
in Sox First, on April 23, 2008
...o increase some badly needed transparency. It's not before time and it's just common sense, PCAOB board member Daniel L. Goelzer told CFO.com's Alan Rappeport . "The new rule will m...
PCAOB and the new independence rule
in Sox First, on April 20, 2008
...w independence rule designed to force auditors to come clean on their links with corporations. The PCAOB has announced it will hold an open meeting this Tuesday to consider adopting Rule 3526 which...
PCAOB punches Grant Thornton
in Sox First, on April 16, 2008
...ny had placed on stock options it had issued actually measured up. With another client, the PCAOB said the firm had failed to adequately test the valuation assertion regarding inventory. And ...
Touch My Body [Mariah Carey]
in Wangtam, on 2008-03-16
Mariah Carey 新专辑 E=MC2 中的首发单曲 Touch My Body 还不错哦。歌词:
Criminalizing capitalism: Sarbanes-Oxley and the latest crisis
in Sox First, on February 15, 2008
.... Set up post-Enron to compel firms to make more pertinent and timely disclosures to investors, the PCAOB did not force perfect disclosure of banks' subprime-related obligations. How could it? And...
End of the boomers? Bring on the leeches
in Sox First, on December 19, 2007
...." All this suggests we might be entering an era of intergenerational tensions as Governments wrestle with spending allocations as the population ages. And it will get nasty. As my good friend,...
PCAOB action
in Sox First, on December 13, 2007
...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's reported revenues from...
PCAOB's global inspections
in Sox First, on December 8, 2007
...nal counterparts inspections of non-US audit firms going over the books of US public companies. The PCAOB has noted a growing evolution of shared objectives of investor protection, improved audit qual...
Weihnachtsbaum aus Balsaholz für 1.414 US-Dollar
in Worldwide Luxus, on 06.12.07
.... Da kann man dann auch verstehen, dass Gizmodo vom Kauf abrät und schreibt:
you will wrestle with it for three hours, your father-in-law will tell you that it sucks donkey balls and it's jus...
PCAOB slates audits of small firms
in Sox First, on October 26, 2007
...uge whether the revenue figures were recorded in the appropriate reporting period. Worse still, the PCAOB also found auditors frequently relied on management assertions without corroborating evidence....
More problems with the PCAOB
in Sox First, on October 15, 2007
...t Board has doing its job . These include, for example, the amount of time that passes between the PCAOB inspection and the date it issues its report. And the ridiculous situation where Sarbanes-Oxle...
Businesses Wrestle With Social Networking
in Networking for Pros, on October 11, 2007
The InfoTech Research Group has conducted a study of enterprises and their willingness to make social networking sites available to employees on company time. About half of the organizations surveyed indicated that their employees were welcome to use the sites during work hours.
Social networ...
SEC charges accounting firms
in Sox First, on September 15, 2007
...ped self-regulation in the accounting industry and firms now are required to register with the PCAOB. Five years on, and this case really does raise questions whether Sarbanes-Oxley is that effe...
Part Four > Toronto
in carzz.org, on September 10, 2007
...iant and never did the harshness of trolley tracks (trams) or undulating tar bother my posterior or wrestle my nerves. I finally arrived at the Holiday Inn on King Street (yes - that company did event...
Spectacular Race Footage From Monaco, 1935-36
in Classical Drives, on August 29, 2007
...e footage may be old but it's spectacular. You'll wonder how those racing greats managed to wrestle their charges through the corners. You'll marvel at their bravery, especially in the rai...
Audit deficiencies
in Sox First, on August 27, 2007
...ybark, also provides interesting insights in her paper, An analysis of audit deficiencies based on PCAOB inspection reports issued during 2005 . The paper looks at all the mistakes, including the bl...
YouTube Has Some Competition
in The Social Networking Weblog, on August 6, 2007
ADOTAS - Aug 3 - Yahoo! is determined to steal the lucrative U.S. online video market (130 million people) from YouTube . The company has announced plans to overhaul their video site by focusing on media deals with various content providers and providing more television shows, spot highlig...
PCAOB roasts KPMG
in Sox First, on July 30, 2007
...e Public Company Accounting Oversight Board for some pretty basic deficiencies. Read through the PCAOB report , and you realize we are talking Accounting 101. The deficiencies cover a broad range...
Watchdog slates Deloitte
in Sox First, on June 20, 2007
...c Company Accounting Oversight Board for shortcomings in its handling of clients' books. The PCAOB report makes interesting reading and the problems it reveals are pretty mind-boggling. It fo...
Audit rules eased
in Sox First, on May 28, 2007
...ew eased-back standard for Section 404, which the public company Accounting Oversight Board (PCAOB) details here , is more principles-based and less sweeping in how risks are defined. Less foc...
Watchdog slams Ernst & Young audits
in Sox First, on May 3, 2007
...its defence, E&Y stood by its work although it did acknowledge it had agreed in response to the PCAOB findings to pull its finger out and do some extra work. But in the end, it stuck to the way it...
Michael Oxley: Sarbox sucks? Blame the PCAOB
in Sox First, on April 9, 2007
...mented and blaming it on the audit oversight agency, the Public Company Accounting Oversight Board (PCAOB). Section 404, he says, was only two paragraphs long originally. "By the time the PCAOB ...
Mending SOX - more work ahead
in Sox First, on April 7, 2007
.... Like, for instance, the differences between the SEC's "management guidance" and the PCAOB's proposed auditing standard known as AS-5 which critics have slated as too inflexible. E...
PCAOB's international push
in Sox First, on March 27, 2007
...R. China Ministry of Finance and the China Securities Regulatory Commission. More details in this PCAOB statement . All part of a double act with the Securities and Exchange Commission which is tra...
Constitutional challenge thrown out of court.
in Sox First, on March 23, 2007
...e lawsuit, saying it presents "nothing but an hypothetical scenario of an overzealous or rogue PCAOB investigator". You can read more about it in BusinessWeek . As expected the Free Enter...
Interview with Professor Paul M. Healy
in Sox First, on March 6, 2007
...izarre that the auditors felt their boss was management.The audit profession is now overseen by the PCAOB. It remains to be seen how effective that organisation is. I personally think there are some b...
Stop tweaking SOX, says PCAOB
in Sox First, on February 21, 2007
...more changes to Sarbanes-Oxley took a hit last week when Public Company Accounting Oversight Board (PCAOB) member Charles Niemeier came out with the warning that policy makers risk damaging the repu...
LAMP, MAMP, WAMP now SAMP
in HackITLinux, on February 14, 2007
... revolutionary technologies (D-Trace, Containers/Zones, etc.), it might take awhile before they can wrestle the "lead" of Linux in the geek scene. With projects like Nexenta , however, I re...
Faults in fraud auditing
in Sox First, on January 27, 2007
... 12
months after the issuance of the inspection report on the firm." According to the report, PCAOB inspection teams found that auditors "often document their consideration of fraud merley ...
Spamdexing: The Bleak Abyss of SEO
in The Search Engine Weblog, on January 9, 2007
... boost high SEO rankings. There are lots of techniques to do the spamdexing. Before, it was hard to wrestle with them but at present, it is on the contrary.
Major search engines use a variety of algo...
Audit reform: the half-loaf solution
in Sox First, on December 21, 2006
...posals this week to scrap the audit rule targeted by businesses as expensive and burdensome. The PCAOB's new accounting game plan proposes looser guidelines that would direct beancounters to fo...
Is SOX unconstitutional?
in Sox First, on December 19, 2006
...rd by the Free Enterprise Fund , a conservative think tank. While the case is focused only on the PCAOB, it has the potential to bring down the entire Act. And it's being heard this week, just d...
FEDERLINE THE FAKER
in The Celebrities Weblog, on December 15, 2006
... appearance in October at one of those ludicrous "professional" wrestling things to "wrestle" with john cena , and was booed.
I guess in his world that's attention and i...
Crunching the numbers on Section 404
in Sox First, on December 9, 2006
... financial reporting. The meeting, to be held at 9.30am Washington DC time, will be webcast on the PCAOB site The open meeting will be held six days after the SEC holds its meeting to change requ...
Fixing SOX
in Sox First, on October 23, 2006
...cost to date has exceeded the incremental benefit. In my opinion, this underscores the need for the PCAOB to take another look, and build into its standard clearer guidance regarding efficient, risk-b...
Is Sarbanes-Oxley the global standard?
in Sox First, on September 14, 2006
It's an interesting question and the answer, I suspect, is yes and no. Corporate governance regimes around the world have been overhauled in the aftermath of the corporate scandals led by Enron. Which is what makes a recent article by Ethiopis Tafara, the director of the Securities and Exch...
Sarbanes-Oxley remakes accountants
in Sox First, on September 13, 2006
Yes, we all know accountants are the real winners out of Sarbanes-Oxley. The changes in the law have been an El Dorado for beancounters, something I have written about here , here and here . But it's not just the extra demand and work that's earning them big bucks. Sarbanes-Oxley h...
SEC moves on PCAOB lawsuit
in Sox First, on September 6, 2006
The Securities and Exchange Commission has come out in defence of the Public Accounting Oversight Board against the lawsuit challenging its constitutionality. The lawsuit, filed in February by the Free Enterprise Fund , a conservative think tank, is being led by Ken Starr , the prosecutor w...
Interview with Jim Turley, Ernst & Young global chairman and CEO
in Sox First, on August 26, 2006
Just had a chance to catch up with Jim Turley, the global chief of accounting giant Ernst & young . Here's what he had to say about Sarbanes-Oxley, compliance, remuneration for beancounters, the accounting profession itself and international accounting standards.
PCAOB alert on backdating
in Sox First, on July 31, 2006
Auditors have been put on notice about options backdating. The Public Company Accounting Oversight Board has issued its first ever "audit practice alert" on options backdating. "Auditors planning or performing an audit should be alert to the risk that the issuer may not have p...
Home Depot buys a bank to improve its value chain
in Supplychainer, on May 26, 2006
...ome improvement market. Local contractors would no longer have to watch passively as consumers wrestle with issues relating to whether they will or won't be able to finance their projects. An...
PCAOB goes for the technical defence
in Sox First, on May 24, 2006
... Starr leading the constitutional challenge to the Public Company Accounting Oversight Board , the PCAOB has flagged its defence strategy which you can read about here and here . Basically, the P...
News flash: No Sarbanes-Oxley exemptions for smaller companies
in Sox First, on May 18, 2006
... some companies, should be enough. "The expected actions will also include SEC inspections of PCAOB efforts to improve Section 404 oversight and a brief further postponement of the Section 404 r...
SOX On The Roundtable
in Sox First, on May 12, 2006
...s quiet. No more, no less. According to this report , Cox later told journalists that the SEC and PCAOB hoped to release public statements on the issue in the next few weeks. But if you read this ...
Pulling Auditors Into Line
in Sox First, on May 2, 2006
...d the ongoing push to exempt smaller companies from Section 404 requirements of Sarbanes-Oxley, the PCAOB has come out saying it will try and pull gung-ho auditors into line. In the PCAOB statement ...
Harvey Pitt - How to Fix Sarbanes-Oxley
in Sox First, on April 17, 2006
... provided a framework for private-sector regulation of the accounting profession in the form of the PCAOB, and it mandated that all public companies (and their outside auditors) annually attest to the...
The future of Sarbanes-Oxley
in Sox First, on April 7, 2006
...ccounting Oversight Board has been getting more attention lately.Basically, the law suit claims the PCAOB is in breach of the US constitution because its members are named by the Securities and Exchan...
Special rules for the Big Four: You Can Run And You Can Hide
in Sox First, on March 23, 2006
...So why are the Big Four treated differently from other companies. It's the law, stupid. As the PCAOB points out in its report : ''Both the Act and the board's rules ... made plain th...
SEC's Moves On SOX: The Big Guns Come Out
in Sox First, on February 23, 2006
... achieve real reform, not just the appearance of reform. It would be unfortunate now if the SEC and PCAOB undercut the effectiveness of congressional legislation through misguided regulatory action.&q...
Legal challenge to Sarbanes-Oxley
in Sox First, on February 9, 2006
...f a legal team challenging the constitutionality of the Public Company Accounting Oversight Board (PCAOB), on behalf of the Free Enterprise Fund. According to the claim, the watchdog is unaccountabl...
Regulator worried about Big Four Dominance
in Sox First, on November 23, 2005
Britain's Financial Services Authority has warned that the dominance of the so-called Big Four accounting firms, and the problems regulating them, could present problems for market confidence. In its International Regulatory Outlook report , the FSA warned: "There is now a potentially s...
MICHELLE HEATON WANTS JODIE MARSH & ABI TITMUSS TO WRESTLE
in The Celebrities Weblog, on May 3, 2005
Source: www.befuddle.co.uk
Michelle Heaton, shown above, guarantees that the girls on the " ITV " show, " Celebrity Wrestling ," will shock viewers, and I believe her.
She says her dream is to have Jodie Marsh and Abi Titmuss go at it.
Source: www.sportaction.g...
WANNA WRESTLE WITH THIS GIRL?
in The Celebrities Weblog, on December 1, 2004
...
Lots of guys, myself included, and some women, would love to wrestle with her, and the rest of the girls portraying the characters in Konami's upcoming video game, "Rumble Roses."
...
SEC-PCAOB arm wrestle
in Sox First, on February 27, 2008
...to protect the markets? Some valuable insights into these questions in this interview with former PCAOB member Kayla Gillan in Compliance Week . And it's not pretty. According to Gillan, the SE... ... the SEC and PCAOB can work together to enforce Sarbanes-Oxley. But then maybe the bureaucratic arm-wrestle and power struggle was inevitable. When the PCAOB was created, it was taking over areas that...
SEC-PCAOB arm wrestle on accounting rules
in Sox First, on April 4, 2007
...lace to prevent accounting errors and shenanigans. SEC Chairman Christopher Cox has written to the PCAOB urging it to revise its rules for outside accountants under the requirement to adapt them to t...




