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Accounting: a Narrative Art?
If U.S. GAAP becomes principles-based, financial executives would do well to become students of Mother Goose. March 13, 2009
The Growing Concern over "Going Concern"
GM's dismal-future disclosure from Deloitte is just one of many that will be part of an "unprecedented" trend this year, experts predict. March 5, 2009
How Auditors Self-audit: PCAOB Revises Plan
The overseer of audit firms rethinks the proposal it first introduced last year covering the conduct of internal reviews by auditors. March 3, 2009
Auditors need greater assurance before approving going-concern self-assessments this reporting season. March 2, 2009
The Cost of Auditor Independence
The line Sarbanes-Oxley drew between audit firms and their clients may have been a good idea overall, but it increased accounting risk, a new study indicates. February 12, 2009
Schapiro Distances Herself from Cox
Incoming SEC chairman provides insight into how she'll differ from her predecessor — like in slowing momentum for international accounting standards, and speeding the requirement for small companies' Sarbox compliance. January 26, 2009
PCAOB to Auditors: Focus on the CFO
A new guidance by the audit oversight board shows how finance chiefs can either buttress or make a hash out of a small company's internal controls. January 23, 2009
Top Obama Advisers Clash on Global Accounting Standards
With Paul Volcker delivering a strong endorsement of International Financial Reporting Standards, the nominee for SEC chair, Mary Schapiro, testifies that she has concerns about the IFRS timeline. January 15, 2009
One of Many Issues: Does Satyam Have Enough Cash?
Scandal-ridden computer-services outsourcer, now turning to KPMG and Deloitte for restatement help, will find it nearly impossible to borrow more until financial results get a clean bill of health. January 14, 2009
Price Waterhouse Denies Report of Office Raid in India
Contrary to reports about police forcing their way into the Hyderabad office of Price Waterhouse — yes, it's still two words there — the audit firm insists it turned over records without any raid. January 13, 2009