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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 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. |
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 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 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. |
CFO July 1, 2003 Kris Frieswick |
How Audits Must Change Auditors face more pressure to find fraud. |
BusinessWeek September 3, 2007 Nanette Byrnes |
The Comeback Of Consulting It's once more a huge business for Big Four auditors like Deloitte & Touche, thanks partly to Sarbanes-Oxley rules. |
BusinessWeek December 27, 2004 Amy Borrus |
Auditors: The Leash Gets Shorter Providing tax services to audit clients will no longer be allowed. |
BusinessWeek January 10, 2005 Nanette Byrnes |
Green Eyeshades Never Looked So Sexy Raises, perks, long sabbaticals -- auditors can write their own ticket these days. |
CFO September 1, 2002 David M. Katz |
The Insiders Do internal auditors have a bigger role to play in ensuring the integrity of financial reports? |
CFO May 1, 2010 Sarah Johnson |
You Complete My Audit The relationship between accounting firms and their corporate clients has been shaky over the past decade, to say the least, but amid the tumult of Sarbanes-Oxley and thorny auditor-client issues lie long-lasting relationships, some that have endured for more than 50 years. |
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. |
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. |
CFO January 1, 2004 John Goff |
They Might Be Giants It's been nearly two years since Arthur Andersen went under and Sarbanes-Oxley was passed. Have the Big Four audit firms changed since then? |
CFO February 1, 2003 Ed Zwirn |
The Second Six: Ready to Step Up? The largest of the Group B accounting firms are facing new challenges and enjoying new opportunities. |
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. |
BusinessWeek January 12, 2004 |
Professional Services: Auditors Applaud, Consultants Cope New regulations will boost both the hours put into audits and the fees paid. Low-cost competition and fewer new technologies will hold back consulting. |
CFO February 1, 2003 Alix Nyberg |
Auditor Independence: Separation Anxiety Many tax services may be "inappropriate" work for auditors to perform for their audit clients, says the SEC. |
IndustryWeek March 1, 2002 John S. McClenahen |
Goodbye To GAAP? Probably not. But Enron's collapse makes changes in financial regulation likely... |
CFO September 1, 2010 Tim Reason |
Fees Still Falling, but Not as Dramatically The latest analysis of audit fees shows continued good news for most companies, but not all. |
BusinessWeek September 26, 2005 |
Report From A General In The SEC's War On Fraud The Securities & Exchange Commission chief accountant Donald T. Nicolaisen talks about the reliability of financial reports, scandals and accounting standards. |
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 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. |
CFO May 1, 2008 Kate O'Sullivan |
Can This Relationship Be Saved? Auditors and CFOs aren't the friends they once were, but they are working out their differences. |
CFO August 1, 2004 |
The Enforcer If audit firms don't voluntarily improve their processes, Public Company Accounting Oversight Board (PCAOB) chairman William McDonough promises he'll make them. |
CFO October 1, 2004 Kate O'Sullivan |
Can We Talk? Ironically, as the amount of communication between auditors and top executives has increased, the content of these conversations has become much more restricted. The Sarbanes-Oxley Act is partly the reason. |
HBS Working Knowledge February 4, 2013 Martha Lagace |
Are the 'Big Four' Audit Firms Too Big to Fail? For over a decade, there have been articles and op-eds in the popular and business press arguing that the auditing industry, currently dominated by Deloitte & Touche, Ernst & Young, KPMG, and PwC, is a tightening oligopoly, increasingly insulated from the risks of failure. |
CFO November 1, 2008 Robert Hertzberg |
Can Companies Excel at Fair Value? Finance departments are using spreadsheets to tackle FAS 157, an approach few regard as optimum. |
The Motley Fool March 30, 2004 Rich Smith |
Auditors Are Getting Skittish Post-Enron, auditors are firing their clients, and getting fired by them. |
CIO April 15, 2003 Geoffrey James |
The Auditors Are Coming, the Auditors Are Coming... and That Could Be Good News for You Corporate accountability has Washington's attention, and now the auditors have their pencils sharpened for IT processes and projects. Here are nine strategies for working with auditors before, during and after an accounting exam. |
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? |
CFO April 1, 2010 Tim Reason |
Auditing Your Auditor After nearly a decade of turmoil, companies have gained the advantage in negotiating with their auditors. |
U.S. Banker May 2007 Thomas P. Vartanian |
Crisis and Opportunity In Subprime Mortgage Markets Problems in the subprime mortgage business will inevitably lead to opportunities for those who can evaluate, service or manage the underlying loans, securities and real estate. |
Knowledge@Wharton |
You Say IASB, I Say FASB, You Say... A description of efforts to harmonize U.S. and international accounting standards, and shifts in the accounting profession caused by recent scandals. |
BusinessWeek October 27, 2003 Henry & Borrus |
Honesty Is A Pricey Policy Execs are grumbling about the steep costs of complying with new financial controls. |
BusinessWeek September 17, 2007 Dawn Kopecki |
The SEC Wants More Answers The Securities & Exchange Commission is expanding its probe into the mortgage mess. |
Bank Director 3rd Quarter 2010 Jack Milligan |
This Plate Runneth Over Audit committee members are taking hits from all sides these days. |
CFO November 1, 2002 Andrew Osterland |
Board Games Boards are supposed to monitor top executives, but too often give them carte blanche. That's why regulators are writing stricter rules for the corporate-governance game. |
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 October 1, 2002 Julia Homer |
How Did We Get Here? Much of what happened in the 1990s also happened in the 1980s. Here's hoping we don't do it again. |
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 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. |
FDIC FYI March 11, 2002 |
Bank Auditing and Accounting Faces Scrutiny Regulators should consider strengthening the ground rules governing bank auditing and accounting, according to FDIC Chairman Don Powell... |
Bank Director 3rd Quarter 2010 Charles Keenan |
Front-burner Issues for the Audit Committee The audit committee's roles and responsibilities continue to broaden as evolving regulation and increasing demands for risk oversight turn up the heat on bank boards. |
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. |
BusinessWeek December 13, 2004 David Henry |
Where's That Quarterly Report? Companies, striving to clean up their books, are filing late -- and seeing shares fall. |
CFO August 1, 2004 Julia Homer |
Suspicious Minds Relations between auditors and finance executives, once warm and congenial, are experiencing a marked chill. |
CFO September 1, 2008 Vincent Ryan |
Death by Committee? As SEC and Treasury Department committees on financial reporting and auditing near their conclusions, it looks like the former may be more fruitful than the latter. |
U.S. Banker July 2009 Andrew Dubinsky |
Electronic Lending Could Help Avert Another Crisis If regulators had the tools in place to effectively view complex debt instruments and the links between the financial institutions that securitize, hold, and insure them this crisis may not have happened. |
BusinessWeek April 25, 2005 Henry et al. |
The Boss on the Sidelines Auditors, directors, and lawyers are asserting their new-age power, and the reason for their defiance is no great mystery. The watchdogs are finally facing genuine liability for their failures. |