accounting news from FierceSarbox

The media was chock full of stories recently about the dearth of venture-capital-backed initial public offers. The easy culprit is Sarbanes Oxley. But as a counter to that view, consider some Read more...

Recall that AS5 changed the concept of the "likelihood" of material misstatement, adopting the phrase "more than remote" likelihood from "reasonable possibility." That was part of a larger effort to Read more...

The big issue right now in the accounting world is International Financial Reporting Standards (IFRS). There's a whole lot of anxiety about when companies will have to comply. One idea that cfo.com Read more...

> Software for "green" auditing? Article> Ex-CFO of Monster charged in options backdating case. Read more...

Here's another one of the unintended consequences of Sarbanes-Oxley: Arena Resources is among the many oil and gas companies that hires experts to estimate how much oil they have in reserves. But in Read more...

Computer Technology Review brought together three experts to discuss compliance, e-discovery and relevant IT issues. One question was about the "pain points" that companies likely will feel this Read more...

The massive Biovail settlement calls for the biomedical firm to pay $10 million to settle a slew of financial fraud charges with the SEC. The Read more...

Lord & Benoit, in a report, says that smaller companies face myriad Sarbox challenges, especially those moving up from start-up status. It lists the top ten threats to compliance: (1) Accounting Read more...

> PCAOB to move ahead on Sarbox-mandated engagement standard. Article > Three more restatements Read more...

The effects of the subprime mortgage begs an obvious questions: wasn't Sarbanes Oxley supposed to prevent these sorts of things? The wrong-doing in the mortgage market is clear enough that people are Read more...