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ALSO NOTED: Banks say no to Sarbox-like set of rules;

> Bank reform and IT issues. Article> Building a home-grown auditing system with SQL server. Read more...

Companies fret about auditor-held information

The New York Times notes that more companies are worried that the information their auditors amass in the course of audits will somehow become public--to be used against them. In one suit recently, a Read more...
Tags: audits   audit firm   auditing  

Travel expense controls in place?

Does your company have a hefty travel and expense bill every month? If so, you need to be careful that your accounting for such expenses is up to the challenge. At a minimum, you need a way to Read more...
Tags: accounting   auditing  

Bank showdown with auditors looming

The worst job in the industry right now: Auditing the books of top banks, the likes of Citigroup and JP Morgan Chase. The stakes are really high. The New York Post notes that little-known law, passed Read more...

The litmus test for AS5's value

Most of the talk about AS5 has noted the many hoped-for benefits, a streamlined, less confused approach. But there is an obvious litmus test: audit fees. One would expect a fairly dramatic decline. Read more...
Tags: webcpa   compliance   auditing   audit firms   AS5  

PCAOB issues small-company advice

Small-companies are gearing up to comply with Sarbanes Oxley, and it could prove painful for those who are not prepared. Hoping to ease the transition, the Public Company Accounting Oversight Board Read more...

CDA disclosures to follow Sarbox precedent?

The ramp-up to Sarbanes Oxley compliance was painful for many companies. For many, the pain got even worse in subsequent years, as many companies were left flailing for standards and guidance. Are Read more...

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...

Are the costs of Sarbox compliance really going down?

The conventional wisdom, when it comes to large-ish companies anyway, has been that companies are getting more savvy about compliance and that the costs have plateaued. Well, the latest Foley & Read more...

Get your privileged password system up to par

A new report has found that companies are spending lots of money managing privileged passwords. Privileged passwords--which are not Read more...

Tags: auditing