Guest Post: Is Assurance Required For XBRL- Based Financial Reporting?
Another in a continuing series on XBRL, an open standard for exchanging business information between systems.
Posts
Dear PCAOB Board: Your Job Is To Serve And Protect Investors
/7 Comments/in Latest, Pure Content, The Big 4 And GlobalizationIt’s time for the PCAOB Board to think about how they might respond when the audit firms are not going to be so pleased as punch. There’s much for them to address. I’ll be talking about some of those changes and improvements in future posts. But, the most important role of the PCAOB is the inspections process. Let’s take a look at how well that’s going.
Auditing Standard 5: How Now, Brown Cow?
/8 Comments/in Audit Quality, Latest, Liability Caps, Pure Content, The Case Against The AuditorsOn September 24, 2009 the Public Company Accounting Oversight Board issued a report on the first year of implementation of Auditing Standard No. 5. There’s something negative to say about each of the components reviewed.
Squeeze Is On When Becoming A Partner
/3 Comments/in Partner Compensation, PricewaterhouseCoopersI’ve drawn comparisons between law firm management and audit firm management many times before. Forgive me one more indulgence. Audit professionals are making a significant investment in their firms when they become a partner, according to the report provided by the Center for Audit Quality to ACAP in January of this year. In addition, the […]
re: The Auditors on The Corporate Counsel.Net
/in Pure ContentBroc Romanek over at The Corporate Counsel.Net has blogged about re: The Auditors twice today. He links to a podcast he asked me to tape recently on the Ernst and Young restructuring outside of the US. For the original post that caught his attention, go here. He also liked my take on his poll about access, […]