Reports

PCAOB Targets Rules at Disclosures, Audit Reports

Tammy Whitehouse March 15, 2011

Audit regulators are starting to percolate some new guidance that would tell auditors to think and act a little more like detectives when auditing financial statement disclosures and to say more about their work in their audit reports. Details inside.

Amid Bickering, FCIC Issues Final Report On Crisis

Melissa Aguilar January 28, 2011

The panel created by Congress to investigate the causes of the financial crisis has issued its final report, concluding that the crisis was avoidable. The 600-page report found fault with regulators, Wall Street banks and their boards, and mortgage lenders. Two dissenting reports were also issued.

SEC 2008 Enforcement Results: Second Highest Number of Actions Ever

Bruce Carton October 22, 2008

The SEC announced today that it brought 671 enforcement actions in its fiscal year 2008 (ended Sept. 30, 2008), the second-highest number of enforcement actions in agency history. It also announced that for the second year in a row, it returned more than $1 billion to harmed investors through Fair...

Treasury: No Consensus on Limiting Auditor Liability

Bruce Carton October 17, 2008

On October 6, the U.S. Treasury Department's Advisory Committee on the Auditing Profession issued its Final Report. The report was the product of 12 months of work by the Committee, which was headed up by former SEC chairman Arthur Levitt and former SEC Chief Accountant Donald Nicolaisen, and consisted of...

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Survey of the Week

Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets.