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First Auditor Change, Now Wells Notice for CFO
The CFO and audit committee chair of Mannatech Inc. received SEC notices signaling potential action against them. This follows a change in audit firms. September 8, 2008
Education Lags Behind IFRS Momentum
Accounting professors predict they'll need at least two years before they can ready students for widespread use of international standards. Don't expect the first knowledgable class until 2011. September 4, 2008
Death by Committee?
As SEC and Treasury Department committees on financial reporting and auditing near their conclusions, it looks like the former may be more fruitful than the latter. September 1, 2008
Small-Biz IFRS: Sarbox Deja Vu
For the smallest of public corporations, is it a savvy business move to take a wait-and-see attitude — or just a case of procrastination? August 29, 2008
Blame Game: A Jury Tackles CFO-CEO Fraud
Hayes Lemmerz trial suggests that when the two top executives face SEC accounting-abuse charges, the CFO's expertise can hurt. August 29, 2008
Big Four: Get a Head Start on IFRS
The SEC's proposed timeline gives credence to a call by auditors for companies to start paying attention to international accounting rules. August 28, 2008
The End of GAAP Could Begin Next Year
The SEC suggests that some companies could forgo GAAP by the end of 2009, and that all companies may have to do the same by 2016. August 27, 2008
Changes to Declarations of Independence
The SEC agrees to the PCAOB's new rules requiring audit firms to disclose possible conflicts of interest before taking on a client. August 26, 2008
SEC to Reveal IFRS Start Dates This Week
The commission's unveiling of the long-awaited proposed timeline, guiding U.S. companies in switching to international accounting standards, would intensify the debate. August 25, 2008
Whistleblowers Gone Wild? For Cash, Sure
Some oppose an IRS policy that could grant fraudsters rewards for their own wrongdoing. An early test case: between the CEO and ex-CFO of "Girls Gone Wild." August 21, 2008