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Auditors: Nearly 25% of Companies May Not Be Going Concerns
A research firm predicts 3,589 companies will report that their auditors doubt they will continue as going concerns. April 22, 2009
Can PCAOB Fair-Value Guidance Calm Jittery Auditors?
The Public Company Accounting Oversight Board counsels accountants about their responsibilities in the fast-changing world of mark to market. April 22, 2009
Deloitte to PCAOB: Don't Second-Guess Us
The Big Four firm disputes the inclusion of two audit deficiencies in the Public Company Accounting Oversight Board's most recent inspection report. April 21, 2009
CFOs on IFRS: Forget about It
CFOs urge the SEC to drop a proposal mandating U.S. companies to use the international accounting rules. April 17, 2009
Former Freddie Mac CFO Named PCAOB's Chief Auditor
Before joining the audit overseer, Baumann led the now-nationalized Freddie Mac through a massive earnings restatement. April 15, 2009
Regulators Eye "Going Concern" Concerns
With the economic crisis deepening, auditors and their clients get testy with each other about companies' ability to survive. April 6, 2009
Subprime Suit Accuses KPMG of Negligence
A trustee for New Century Financial claims KPMG partners ignored lower ranks' concerns about the lender's accounting for loan reserves. April 2, 2009
Investors: Stem the Anti-Fair Value Tide
Investors, perhaps futilely, call on FASB to rethink proposals issued under high political pressure. April 1, 2009
Guessing the Costs of IFRS Conversion
U.S. companies believe they will spend more than European ones did to adopt the global rules, according to an Accenture survey. March 30, 2009
FASB Impairment Changes Could Boost Banks' Profits
A Financial Accounting Standards Board proposal would amend how companies record other-than-temporary impairments for securities they have no current plans to sell. March 19, 2009