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KPMG liable for mortgage lender implosion

Once again, we can ask: Wasn't Sarbanes-Oxley supposed to prevent this? Mortgage fraud has been front-page news. A 581-page report by a bankruptcy court examiner has found that New Century--a Read more...

ALSO NOTED: Ernst & Young has avoided an Arthur Andersen-like fiasco; Cox to AG: what would happen to XBRL?;

> For the moment, Ernst & Young has avoided an Arthur Andersen-like fiasco. Four current and former employees have been charged with tax fraud conspiracy over their work on dubious Read more...

Sarbanes-Oxley gives rise to new accounting service providers

Recall that Sarbanes-Oxley banned accounting firms from providing consulting services to their audit clients--for good reason. That gave rise to a new group of service providers. The need to Read more...

But it was supposed to be a good PR move

For most of the past 72 years, the fact that PricewaterhouseCoopers has been validating the Academy Awards voting has been a good PR move. A great way to get a brand out there--almost like a major Read more...

Accountants aim to repair Sarbox-related image

For the accounting firms, the Sarbanes-Oxley era has been one in which their professional image has suffered some huge PR blows. They were once seen as impartial, bean-counters making sure that a Read more...

Lawyers emerge unscathed from regulatory changes

You could argue that the accounting profession has been strengthened immeasurably by Sarbanes Oxley. It didn't always look that way though, not after Arthur Andersen was put out of business and Read more...

Options grants backdating probe takes a new turn

The unrolling scandal involving backdating--or spring-loading--of options granted to executives has veered, somewhat predictably, towards the auditors. Apparently, the SEC and others are taking a Read more...