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SEC: Early IFRS Adoption Will Cost Firms $32M
The regulator releases its roadmap for transitioning U.S. companies to international accounting rules, and estimates the costs. November 17, 2008
GAO to IRS: Get Control of Yourself
The tax regulator's lax internal controls have federal auditors worried about whether future IRS financial reports can be trusted. November 12, 2008
KPMG International Picks Insider as CFO
Helen Spice has worked for the Big Four firm for 23 years. November 12, 2008
EU Fails its Spending Audit, Again
Long sequence of poor reports continues. November 12, 2008
"Spineless?" UK Pressure Targets Fair Value Weakening
IASB's independence is questioned at a Parliamentary hearing today, as politicians look to soften mark-to-market accounting. November 11, 2008
Deloitte Insider Case Sparked Client Doubts about Audits
The auditor accused a 30-year partner of using his internal client data for personal gain, prompting companies for a time to investigate on their own as the quarter was winding down. November 10, 2008
Not Fair
In response to the financial turmoil, EU lawmakers weigh in on fair-value accounting. Not everyone is happy about that. November 3, 2008
Fair-Value Fight Packs a Punch
Tomorrow's SEC roundtable will pit banks, accountants, rule-makers, and investors in a slap-fest over the virtues and ills of FAS 157. October 28, 2008
The Crisis over How to Audit in a Crisis
The PCAOB's standing advisory committee examines the task of recession-time auditing, including the likelihood that fraud will be a growing problem. October 22, 2008
Internal Audit Automation Set for Takeoff?
A fledgling software developer may be pointing to the future of audit technology and a boost to the internal audit profession. October 22, 2008