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Audit Fees Rise, But Not by Much
The good news is that the hikes trail the inflation rate. The bad: companies are taking on more audit burdens internally. June 4, 2009
Internal Auditing: The 24/7 Approach
Not satisfied with monitoring small data samples, more companies are seeking complete automation of the audit function. June 1, 2009
IASB Proposes Its Own Fair-Value Rule
The international standard-setter presents its version of FAS 157, with just a few differences. May 28, 2009
PCAOB Rips E&Y on Revenue Recognition
Two of Ernst & Young's clients had to restate financial results after the accounting-firm overseer found departures from GAAP. May 27, 2009
Attack on the 7-foot-tall Woman
Auditors hired to investigate corporate borrowers' working-capital assets pledged against their credit lines say they've been busier than last year. May 19, 2009
Supreme Court to Rule on PCAOB's Fate
The justices will hear oral arguments this fall over whether the audit firms' regulator —and the Sarbanes-Oxley Act — is constitutional. May 18, 2009
PCAOB Knocks McGladrey on Loan-Loss Reserves
The audit firms' oversight body found several deficiencies at seven of McGladrey's clients last year. May 8, 2009
Since Sarbox, Non-audit Fees Dove from 51% to 21%
The auditor-independence law has proved remarkably efficient in keeping accountants focused on audits. May 7, 2009
Deloitte to Pay $1M in Beazer Suit
A class-action lawsuit, settled earlier this week, says the audit firm should have considered the homebuilder's "make the numbers" culture to be a red flag as the housing market tanked. May 7, 2009
The Next Accounting Controversy
Standard-setters have moved on from fixing fair-value rules and have set their sights on off-balance-sheet accounting and loan-loss provisioning. April 30, 2009