Audit

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      More problems with the PCAOB

      Posted by SoxFirst

      The Public Company Accounting Oversight Board has lots of deficiencies. One of them is that it The provides little information to clients as to whether their auditors are up to scratch. Just another way of keeping investors in the dark.

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      Audit squeeze

      Posted by SoxFirst

      More evidence that Sarbanes-Oxley ahs been a bonanza for accountants. Median fees earned by the world's top auditing firms shot up by 345 per cent in the five years to 2006. Now, more attention is paid on compliance work and internal control testing. Extra work created by Sarbanes-Oxley.

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    • SEC-PCAOB arm wrestle on accounting rules

      Posted by SoxFirst

      Nearly five years after Sarbanes-Oxley was brought in, US regulators are still trying to sort out how much testing accountants will have to do in corporate audits. The Securities and Exchange Commission is trying to strong arm the Public Company Accounting Oversight Board

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    • Accountants go defensive

      Posted by SoxFirst

      Accountants might be cleaning up big time from Sarbanes-Oxley and all the other corporate governance regimes around the world, but increased scrutiny and threats of litigation are taking their toll. That's why they have created a new non-profit organisation to look after their interests

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    SoxFirst

    Member since Aug 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne


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