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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 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 Andrew Osterland |
No More Mr. Nice Guy A new CFO survey suggests why new rules for auditors may be a wise idea. |
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. |
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. |
CFO July 1, 2003 Kris Frieswick |
How Audits Must Change Auditors face more pressure to find fraud. |
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 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? |
The Motley Fool July 24, 2007 Rich Duprey |
The Answer to Japan's Enron The scandals that shook investors' trust in Japan's executives have led to a new law. Investors everywhere ought to benefit from the greater transparency that will result. |
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. |
CFO May 8, 2006 Russ Banham |
Party of Three With corporate reputations -- as well as their own -- on the line, finance managers are increasingly relying on outside advisers to help with internal controls. |
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. |
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. |
Job Journal August 10, 2008 |
Career Snapshot: Accountant Working behind the scenes, accountants keep business and personal finances organized. |
Entrepreneur August 2007 Jennifer Pellet |
The Land of the Audit-Free Small businesses are being liberated from SOX restrictions. The changes come at a critical time for companies with less than $75 million in market capitalization, which are to begin complying with the management guidance part of SOX during the 2007 audit cycle. |
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. |
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. |
BusinessWeek December 27, 2004 Amy Borrus |
Auditors: The Leash Gets Shorter Providing tax services to audit clients will no longer be allowed. |
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. |
Inc. September 2005 Amy Feldman |
Surviving Sarbanes-Oxley A law intended to clean up big public companies has taken its toll on small private ones -- both financially and emotionally. But there may finally be relief in sight. |
The Motley Fool March 30, 2004 Rich Smith |
Auditors Are Getting Skittish Post-Enron, auditors are firing their clients, and getting fired by them. |
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. |
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. |
U.S. Banker January 2010 Rob Garver |
No (More) Quarter...Perhaps The SEC says we've seen the last of the reprieves for small companies that have so far avoided complying with the 404(b) provision in the Sarbanes-Oxley Act. Community bankers best hope now is that Congress will step in and give them a permanent exemption. |
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. |
InternetNews March 9, 2007 Andy Patrizio |
Sarbox: The Blacktop To Financial Hell Sarbanes-Oxley was more of an emotional reaction than reasoned law when it was passed. Now there's enough evidence that it's doing more harm than good. |
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. |
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. |
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. |
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 September 1, 2003 Alix Nyberg |
Sticker Shock When Congress passed the Sarbanes-Oxley Act of 2002, it didn't worry about how much it would cost companies. Today, CFOs are totting up the compliance bill -- and they don't like what they see. |
CFO June 1, 2004 Kate O'Sullivan |
CPA Ascendant With accounting savvy more important than ever, is the CPA (rather than the MBA) the new must-have credential for finance execs? |
CFO May 1, 2004 Lori Calabro |
Looking Under the Hood New attestation standards for internal controls put more power in the hands of auditors. |
U.S. Banker March 2008 Christopher Myers et al. |
SOX Relief for Smaller Banks The SEC and the Public Company Accounting Oversight Board apparently agree that SOX may be too burdensome on small companies, and some relief may be on the horizon. |
CFO April 1, 2006 Alix Nyberg Stuart |
The People Who Count With too few accountants to go around, companies are grabbing people wherever they can find 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. |
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? |
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 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. |
Reason January 2006 Brian Doherty |
You Can Be Too Careful How the U.S. government's new corporate accounting rules impede efficiency and stifle innovation. |
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? |
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. |
BusinessWeek September 22, 2003 Paula Dwyer |
A Talk with William McDonough The new accounting oversight board's chairman says the profession should see the PCAOB (Public Company Accounting Oversight Board) as "its mentor-cum-ally." |
CFO March 15, 2004 Craig Schneider |
A World of Trouble Even with an extended deadline for Sarbox compliance, questions about offshoring have companies on edge. |
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. |
National Real Estate Investor January 1, 2005 Matt Valley |
Is Sarbanes-Oxley worth the pain and suffering? A year ago in this column, I predicted that the Sarbanes-Oxley corporate governance act (SOX) would be a big story for the REIT world and beyond in 2004. The evidence suggests that I was correct. |
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 September 1, 2004 Alix Nyberg |
Raising Red Flags As they identify control weaknesses, companies find a common one: inadequate finance staffs. |
The Motley Fool November 17, 2006 S.J. Caplan |
A Brave New World for Bean Counters? Accounting firms advocate a radical overhaul of the financial reporting system. Will it be an investor's utopian dream or are they seeking to insulate themselves from the fury of shareholders burned by fraud? |
CIO July 1, 2004 Christopher Koch |
The Sarbox Conspiracy Sarbanes-Oxley compliance efforts are eating up CIO time and budgets. Worse, CIOs are being relegated to a purely tactical role. And that may be the CFO's plan. |