Archive

Archive for the ‘Auditing’ Category

Financial restatements are occurring less frequently.

 

The number of financial reporting restatements fell in 2009 for the third year in a row according to an analysis by the research firm Audit Analytics.  Is the Sarbanes-Oxley (SOX) Act, and, is the more recent focused enforcement of that Act by the Securities and Exchange Commission, responsible for the better reporting?

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Headaches for headphone-maker Koss Corporation

 

No head for separation of duties.

No head for separation of duties.

Koss Vice President Sujata Sachdeva has been accused of embezzling 31 million dollars.

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Brought to you by the producers of the housing bubble

February 24th, 2010 John Brian Fast, CPA No comments

 

Sovereign debt.

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Pete Sessions told Allen Stanford that he loved him.

February 17th, 2010 John Brian Fast, CPA No comments

 

And he is not giving him his ring back.

Texas Congressman Pete Sessions

Texas Congressman Pete Sessions

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Toyota was late in recalling its defective cars.

February 10th, 2010 John Brian Fast, CPA No comments

 

Four people died in this runaway Avalon.

Four people died in this runaway Avalon.

Was this because of arrogance?

 

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Spreadsheets, spreadsheets, everywhere, but not a cell to check.

February 3rd, 2010 John Brian Fast, CPA No comments

 

Spreadsheet ManagementAccountants love spreadsheets.   They are very flexible and useful in manipulating and presenting information.  The problem with spreadsheets is that they are easy to create but difficult to control.

 

 

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