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Get rid of related party conflicts

While Sarbanes-Oxley does not strictly proscribe contracts with firms owned by directors, it is a bad idea. Many companies have worked to put an end to what seems like inside dealing (fair or not). Read more...
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BDO Seidman's brush with fate

The future of BDO Seidman is something that you have to question right now. A Florida jury hit BDO Seidman, a top five accounting firm, with a $351 million in damages for failing to uncover massive Read more...

Sarbox court challenge steps up

Most people in Washington, from both parties, are in favor of some sort of Sarbox reform. A less-heard argument is that the basic structure of Sarbox is unsound, the PCAOB is unconstitutional, and Read more...

Backlash brewing against auditors?

You may have heard about the mock disclosure document that has garnered notoriety. It's couched in the obtuse language of "risk disclosure" and contains some real gems: "We are at the mercy of our Read more...

Is the PCAOB constitutional?

The government has responded to the somewhat novel notion that the PCAOB is unconstitutional. The charge was levied originally in a suit filed by the think-tank Free Enterprise Fund. A small Read more...

Suddenly, accountants are hot--and happy

You're hot! And didn't even know it. Accounting and financial pros are in heavy demand at all levels, not just the C-level. At the same time--and this might surprise you--financial employees seem Read more...