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Topic: Corporate Accounting

  
COMMENTARY   |  Comment

New $Num,ber.ss Language Coming Soon

Big change is coming to how companies report their results. So say goodbye to GAAP and hello IFRS because the language companies use to 'talk money numbers' will soon be very different. Read why there's nothing inconsequential about it.READ»

SAS 70 Sample Report | Obtain an Example SAS 70 Type II Report to Learn about SAS 70 Audits

The best way to learn about SAS 70 audits is to obtain a sample SAS 70 Type II audit report, which gives the interested reader a comprehensive understanding of the actual contents of a SAS 70 Service Auditor's Report.READ»

AUDIT   |  Comment

SAS 70 Audit Tutorial | Learn about SAS 70 Audits - Section 1.0

SAS 70 audits seem like they are everywhere these days. From regulatory compliance to corporate governance, SAS 70 Type I and Type II audits are having a profound impact on today's business arena.  Developed in 1992 by ...READ»

SAS 70 Definition for Type I and Type II Audits

Statement on Auditing Standards No. 70, know to many as SAS 70, was pronounced in 1992 by the AICPA as an auditing standard use to report on controls placed in operation, if a SAS 70 Type I audit is being conducted. For Type ...READ»

SAS 70   |  Comment

SAS 70 Audits | How Much do they Cost?

SAS 70 Type I and Type II Audits have become so common in today's regulatory compliance environment, and due in large part to the enormous growth of federal legislation, particularly the like of Sarbanes-Oxley, along with HIPAA ...READ»

SAS 70   |  Comment

SAS 70 Readiness Questionnaire | How to Prepare for the Audit

A SAS 70 readiness questionnaire is what should be considered the first and most important step when beginning the journey toward SAS 70 Type I or Type II audit compliance. These questionnaires are divided into ...READ»

Confidence Is Not a Game

Who: Charles D. Niemeier

Title: Acting Chairman of the U.S. Public Company Accounting Oversight Board

Where: Washington, DC

Challenge: To restore integrity to corporate accounting (and rescue capitalism)READ»

SAS 70 | Learn More about Type I and Type II audits

Many service organizations are falling under the SAS 70 mantra these days. Thus, if you are providing outsourcing services to companies, chances are that you may be asked for a SAS 70 Type I or Type II audit-and soon. Since ...READ»

CEOs in the Slammer

This year, a record number of CEOs were ousted. Some were fired, some retired, and some even died. But a great number were also sent to prison, like the CEOs of Enron and WorldCom. What happens to company leaders when they run roughshod over their corporations?READ»

From Villain to Victim

Richard Scrushy's ability to convince jurors that he was ignorant of the inner workings of his organization got me thinking about the nature of traditional corporate hierarchies and the general public's understanding of them. Does ...READ»

SAS 70   |  Comment

SAS 70 | Cost Factors for Type I and Type II Pricing of Audits

Because of the enormous significance that SAS 70 Type I and Type II audits have been given in recent years, it's important to gain a thorough understanding of cost factors when seeking a Certified Public Accounting (CPA) firm to ...READ»

Scandal, Us

Three years after Arthur Anderson's conviction on obstruction of justice charges, the revisionists are closing in. The public has largely moved on, satisfied that something is being done even if the outcome isn't neat and clean. The ...READ»

How to Spot the Next Enron

Want to know how to avoid being fooled by the next too-good-to-be-true stock-market darling? Just remember these six tips from the cynics of Wall Street, the short sellers.READ»

AUDIT   |  Comment

SAS 70 Audit Tutorial | Obtain SAS 70 Sample Reports - Section 4.0

SAS 70 sample reports can now be obtained from the official SAS 70 Resource Guide. Many service organizations will be faced with the growing costs of regulatory compliance due in large part to federal legislation such as the ...READ»

INNOVATION   |  Comment

Survival of the fittest

As the market changes, so finance professionals will have to learn to adapt Increasing globalisation and continuous pressure to generate cost efficiencies, together with investor demand for transparency, are supporting the ...READ»

INNOVATION   |  Comment

What's The ROI On That Skybox?

Bank of America's ticket inventory numbers in the hundreds of thousands, including seats in more than 80 suites for teams like the Boston Red Sox, the Dallas Cowboys, and the San Francisco Giants. Managing that inventory? That wasn't ...READ»

SAS 70   |  Comment

SAS 70 Download Available from the SAS 70 Resource Guide

A sas 70 download available option is now being offered to anyone seeking to learn more about SAS 70 Type II audits. After more than sixteen years of being an auditing standard, SAS 70 is still considered by many to be a ...READ»

All About CEOs

Surfing the Web recently, I found an interesting site: CEOGO, which is literally an encyclopedia about CEOs, or in its own term, "ceographics." Here are some facts gleaned from the site: 66 percent of CEOs manage all or most of ...READ»

Is Travel Your Weak Spot?

Can the Sarbanes-Oxley Act positively affect your corporate travel policies and practices? Here's how -- and why.READ»

ECONOMY   |  Comment

Market to Market Revisited

Jose D. Roncalwww.financialspeculation.comLast October we wrote an article explainingMark-to-Market Accounting. The article gave a basic overview about what Mark to Market means, how it works, and the pros and cons.  It was a ...READ»

SAS 70 Certification | Expert Advice on Pricing and Audit Scope | Type I and Type II Audits

SAS 70 Certification: Discussion on SAS 70 Audit pricing and scoping for Type I and Type II audits.READ»

BUSINESS   |  Comment

The SEC: What's Wrong And How To Fix It

Noted legal expert, Marc Morgenstern speaks his mind in this Selker Leadership interview on what is wrong with the SEC and potentially how it can be fixed, coming to the conclusion that the natural human tendency towards greater regulation is exactly the wrong approach to deliver safety, transparency and liquidity. This is part 1 of a 2 part seriesREAD»

SAS 70   |  Comment

SAS 70 Audits and What You Need to Know about Pricing, Scope and other Items

The SAS 70 auditing Standard, put forth in 1992, has become such an important element in today's ever-growing compliance world. From Sarbanes Oxley, to HIPAA and Gramm Leach Bliley, the auditing standard has exploded onto the scene ...READ»

SAS 70 Controls for Type I and Type II Audits | What you Need to Know

SAS 70 controls are essentially the "control objectives" that will be used by auditors for testing during the SAS 70 Type I and Type II audit. Learn more about these controls, how they are developed, and what they essentially mean. READ»

Bio

Mr. Martin Lapedus has been in business since 1967, managing his one-man financial consulting business in Toronto, Canada. With years of experience in the financial consulting field, Mr. Lapedus specializes in providing ...READ»