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Financial Planning November 1, 2008 Jane Worthington |
Ways to Stop Fraud Firms can take effective steps to lessen the risk of fraud. Begin with thorough background checks before hiring. |
CFO October 1, 2011 Sarah Johnson |
Making Audits More Audible New rules would require auditors to speak up about possible problems, and describe in more detail what they do and don't look at. |
IEEE Spectrum April 2009 Willie D. Jones |
Automated Auditors to Chase Down Cheats Data mining and math tricks might catch a Madoff or an Enron earlier. |
CFO September 1, 2002 Andrew Osterland |
No More Mr. Nice Guy A new CFO survey suggests why new rules for auditors may be a wise idea. |
U.S. Banker January 2002 |
Trust Big Accounting Firms? Arthur Andersen, the huge accounting firm, hides behind legal technicalities to excuse itself for approving Enron's financial statements. Rather than working for shareholders and investors as it is supposed to, Andersen seems to have done whatever Enron's management wanted it to... |
The Motley Fool June 28, 2011 Matt Koppenheffer |
Chinese Auditors: Where Were You Yesterday? The auditors of small Chinese companies are finally starting to get tough. Is it too little too late? |
CFO July 1, 2003 Kris Frieswick |
How Audits Must Change Auditors face more pressure to find fraud. |
Foundation News & Commentary Jul/Aug 2005 Andras Kosaras |
Thinking About an Audit? Read This First What kinds of grantmakers get audits and how should a foundation choose an auditor if it opts for this process? |
National Real Estate Investor January 1, 2005 Brian Harris |
Why Do REIT Auditors Resign? Several auditor resignations, such as those at Shurgard Storage Centers, Glimcher Realty Trust and National Health Investors, have recently occurred in the REIT sector. |
BusinessWeek March 7, 2005 David Henry |
How Clean Are The Books? As companies begin to release new report cards on their financial controls, here's how to tell if there are problems in your portfolio. |
BusinessWeek December 27, 2004 Amy Borrus |
Auditors: The Leash Gets Shorter Providing tax services to audit clients will no longer be allowed. |
CFO March 15, 2006 David M. Katz |
A Tough Act to Follow What CFOs really think about Sarbox -- and how they would fix it. Included are the results of an exclusive survey of finance executives on the topic. |
Knowledge@Wharton |
Do Accountants Who Act as Consultants Take Greater Care or Cut Corners? New Wharton research challenges the idea that lucrative consulting contracts routinely lead auditors to look the other way when preparing financial audits, a key allegation in the scandals at WorldCom, Tyco and Enron. |
CFO June 15, 2012 Sarah Johnson |
Do Your Internal Auditors Have the Right Skills? Companies are putting a premium on critical thinking and data-mining expertise. |
The Motley Fool March 30, 2004 Rich Smith |
Auditors Are Getting Skittish Post-Enron, auditors are firing their clients, and getting fired by them. |
Knowledge@Wharton June 18, 2003 |
Board Members Feeling the Heat of Public Scrutiny Should Bone Up on Finance, Accounting What you don't know can't hurt you. That old adage may be true some of the time, but not for people serving on boards of directors and audit committees in the wake of recent scandals that have tarnished the reputation of corporate America. |
The Motley Fool June 5, 2007 Rich Duprey |
SEC Backs Scheme Liability In an effort to deflect the criticism that it's too pro-business, the SEC has decided to back a theory that may ultimately prove to be a particularly shareholder-hostile action. |
The Motley Fool July 11, 2011 Matt Koppenheffer |
10 Hilarious Chinese-Stock Red Flags You Need to Know Want to avoid getting taken for a ride on a Chinese-stock scam? Here are 10 key red flags to look out for. |
Wall Street & Technology March 22, 2005 Jim Middlemiss |
Internal Auditors Traditionally, internal auditors have been feared by IT organizations. But, rather than view auditors as foes, technology executives must learn to embrace auditors' expertise. After all, auditors' advice can help IT departments deliver better results. |
Fast Company May 2002 John Ellis |
Wall Street's Den of Thieves If you follow the trail of deceit from Enron to its natural lair, it only leads to one destination: Wall Street. Here's why... |
BusinessWeek November 22, 2004 Nanette Byrnes |
Auditing The Auditors J.D. Power & Associates is now evaluating the very audit firms that are supposed to protect investors from improprieties. |
IndustryWeek March 1, 2002 John S. McClenahen |
Goodbye To GAAP? Probably not. But Enron's collapse makes changes in financial regulation likely... |
BusinessWeek August 1, 2005 |
Mr. McDonough, You Have The Floor An interview with William J. McDonough, chairman of the Public Company Accounting Oversight Board, on Sarbanes-Oxley. |
CFO |
What Must Be Done? The experts weigh in on how to prevent future Enrons... |
CFO May 1, 2010 Sarah Johnson |
The SEC Has a Few Questions for You This is the envelope no CFO looks forward to opening, even if the inquiry proves to be fairly routine. |
CFO April 1, 2003 |
From All of Us Middle managers certify their numbers... Auditors make a company fire its sterling CFO... blind trusts for stock options... the SEC levies fines but doesn't collect them... etc. |
CFO September 1, 2005 John Goff |
Fractured Fraternity Oh for the days when auditors were counselors and not pricey overseers. In fact, some CFOs say dealings with external auditors have become a lot like encounters with the Internal Revenue Service: shrill, chilly, and frustrating as hell. |
U.S. Banker April 2002 Mark Bruno |
Broken Affair? Banks, as most companies, have enjoyed close relationships with their accountants for decades, and have been becoming more and more dependent on them for a variety of services, often far removed from auditing their books. Now those relationships are being called into question... |
CFO July 1, 2003 Julia Homer |
Lifting the Fog How audits must change. |
CFO May 1, 2008 Alix Stuart |
Auditor Angst Want faster, cheaper audits? Your auditor humbly suggests you avoid last-minute data dumps and other less-than-helpful practices. |
CFO May 1, 2004 Lori Calabro |
Looking Under the Hood New attestation standards for internal controls put more power in the hands of auditors. |
The Motley Fool June 24, 2005 Nathan Parmelee |
What's Next for Healthcare Realty? Healthcare Realty recently dumped its auditor and filed unaudited results. Investors would be wise to wait for the fully audited financial statements. |
Financial Planning March 1, 2007 Glenn G. Kautt |
SEC Audit, Part Deux An SEC audit is like a visit to the dentist: The anticipation is scarier than the actual event, but a little pain is inescapable. Here is a recount from a financial planning firm's chief compliance officer of his recent audit experience. |
Knowledge@Wharton January 29, 2003 |
Lawyers and Accountants Can Expect Curbs and Compromises in New SEC Rules Recent rules adopted by the U.S. Securities and Exchange Commission to curb the kind of legal and accounting shenanigans that toppled companies like Enron and Arthur Andersen are not as strong as the SEC first indicated they might be. But do they still have enough teeth to work? |
Financial Planning May 1, 2012 Peggy Tracy |
Finding Fraud To uncover intentional - and increasingly sophisticated - deceits, planners need to know about forensic accounting, financial planning, tax law and criminology. |
CFO March 1, 2003 Tim Reason |
Two Weeks in January The SEC put much of the Sarbanes-Oxley Act into effect by passing a slew of new rules. Here's what was proposed and what was disposed. |
Knowledge@Wharton |
Do High Consulting Fees Compromise the Independence of CPA Firms? Key components of the audit process---the independence and objectivity of auditors---may be eroding, according to some industry observers. |
Fast Company May 2005 Alan Deutschman |
Which Stage of Change Are You In? Here is a widely influential model of the "stages of change." What stage are you in? See if any of the following statements sound familiar. |
IndustryWeek January 20, 2010 Jill Jusko |
Not a Financial Exec? It's not only financial executives who could benefit from an awareness of fraud risks in their organizations. |
Wired February 2002 Adam Lashinsky |
The Post-Enron Economy Sometimes it takes a meltdown to force regulators into action... |
Science News July 2, 2005 |
Evolution at the Academies This Web site provides access to books, position statements, and additional material on evolution education and research. |
CFO February 1, 2012 David M. Katz |
The Cost of Confidence Two proposals aim to increase auditor independence, but may cause problems for CFOs. |
CFO May 1, 2005 Tim Reason |
Feeling the Pain Are the benefits of Sarbanes-Oxley worth the cost? Many companies are voicing their concerns to the SEC. The top complaint about 404 is that auditors must point out management's own assessment of internal controls. |
The Motley Fool February 18, 2004 Selena Maranjian |
Big Four Auditors Losing Clients The big names carry less prestige in the wake of scandal. Many big companies are no longer paying big accounting firms to audit their books. |
The Motley Fool June 29, 2011 Travis Hoium |
Add A-Power to Nasdaq's Naughty List A-Power's auditor and two directors quit this week putting shares on the shelf. |
U.S. Banker April 2011 |
Noted & Noteworthy A recently released survey from electronic-payments firm ACI Worldwide found that nearly one-third of consumers say they were victims of credit or debit card fraud in 2010. |
CFO April 1, 2004 Ronald Fink |
Playing Favorites Why Alan Greenspan's Fed lets banks off easy on corporate fraud. |
CFO March 1, 2010 Sarah Johnson |
Now You Don't See It Auditors are less likely to find manipulated earnings when management directs their attention away from areas of financial statements that contain errors. |