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Audit Board Finds Fault with BDO Seidman
The accounting firm should have done more work to support its audit opinions for five of its clients, according to the PCAOB. May 8, 2008
The Beginning of the End of GAAP
FASB chairman Robert Herz announces that a public forum, slated for June, will kick off an effort to move American companies to international accounting standards. May 2, 2008
E&Y Mortgage Audits Faulted by PCAOB
Problematic reviews of unnamed lender draw criticism in the auditor watchdog's latest round of inspections. May 1, 2008
Cigna Pins 80 Percent Dip on Fair Value
The health insurer applied FAS 157 to value one of its businesses and saw its first-quarter profits fall dramatically. May 1, 2008
To Err Is Human, and Common
Yes, accounting standards are complex, but simple mistakes are what cause most financial restatements. May 1, 2008
Want faster, cheaper audits? Your auditor humbly suggests you avoid last-minute data dumps and other less-than-helpful practices. May 1, 2008
Can This Relationship Be Saved?
Auditors and CFOs aren't the friends they once were, but they are working out their differences. May 1, 2008
Will Americans Foul Up Global Standards?
Many outside the U.S. would rather American companies and auditors stick to their own accounting standards, says a panel of experts. April 30, 2008
Illiquid Markets Rock Fair-Value Accounting
But firms should share information about their fair-value assumptions, says Fitch Ratings, and quit trying to change the rules. April 29, 2008
How Old Are Ye, PCAOB?
We're inspired by the regulator's birthday to review its short history -- by the numbers. April 25, 2008