Auditing
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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
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Satyam CFO Quits as Scandal's Scope Widens
Giant list of global clients turns to assessing damage. Satyam auditor PwC will be involved in the internal self-evaluation, although its role, too, is under review. January 8, 2009
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Best of 2008: IFRS
The SEC's proposed timeline confirmed regulators are serious about pursuing global standards but shaky on the details. CFOs will have to figure out the specifics on their own. December 30, 2008
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Rulemakers Launch Revenue-Recognition Makeover
The accounting boards aim to make a dent in a mile-high stack of problems facing companies in terms of reporting sales that are linked to customer contracts. December 22, 2008
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A Holiday Reconciliation Gift from the EU
With expiration looming, the European Union extends its policy of allowing American companies listed on EU exchanges to use U.S. GAAP. December 12, 2008
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UK Inspectors Name Names in Grading the Big Four
The PCAOB's British counterpart releases its inspection findings of the large accounting firms for the first time, noting areas for improvement. December 9, 2008
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Watchdog Puts Auditors on High Alert
New PCAOB guidance highlights the riskier areas created by the credit crisis. December 8, 2008
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PCAOB to Auditors: Turn Up the Skepticism
The auditor watchdog's latest report covers a litany of problems inspectors uncovered at the eight largest firms. December 8, 2008
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Report Your Financials, Big Four Audit Firms Urged
Under one plan, a big audit firm could gain liability caps and tax deductions if it submits its own audited GAAP financial statements to the Public Company Accounting Oversight Board. December 5, 2008
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Internal Auditors: Mission Unaccomplished?
Companies want the "compliance police" to get more involved with process improvements and enterprise risk assessment, but they may be unprepared to make the change, E&Y research suggests. December 4, 2008
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