All GLG News Analyses Filed Under: Audit & Forensic Accounting

Hasty analysis leads to hasty judgments which, in turn, produce bad decisions.  Any consideration of the costs of Sarbanes should include identifying who bears the costs, what benefits are achieved, and who enjoys those benefits.  Taking these points into the analysis shows that perhaps the...

Fair  value  measurements  and  disclosures  have  for  the  last  few  years  been  gaining importance as the  basis of  accounting  statements. This  is  a  far  cry  from  earlier  years ...

Kenneth Wilcox, President of SVB Financial, believes that Sarbox has made the US economy less competitive. He disputes claims by a Big Four accounting firms that the costs are declining, with second year costs only 40% of the first year. In 2006 SVB paid over $20 million to the Big...

  The Sarbanes-Oxley Act of 2002 passed all most unanimously and received a grudging acceptance from corporate America. This article contains and interview with Mr. Oxley. Section 404 of the Act and the rules promulgated by the Public Company Accounting Oversight Board (PCAOB) a private-sector,...

  Dell Inc. announced that its 10-K, due April 3, 2007 extended to April 18, would not be filed on time. Dell has also failed to meet NASDAQ requirements for continued listing as a result of its delinquent periodic report filings. This delay was based on evidence of unspecified misconduct,...

  Mr. Kaplan, the head of Audit Integrity, is deeply disturbed by a Wall Street Journal article, “Companies Say Backdating Used in Days After 9/11” (March 7, 2007). Many companies rushed to grant options then claiming happenstance or rationalizing the action as a way to motivate executives in...

  KPMP found, in it 2007 survey of the global construction industry, that twenty percent of respondents were aware of fraud in recent projects. Richard Whittington, head of the firm’s construction practice was taken aback by the scale and the potential risks to the global economy and to the...

There  has  been  much  debate  on  the  concept  of  convergence  of  accounting  standards. A  topic  which  requires  even  more  detailed  attention  is  the  convergence  of ...

The  audit  profession  is  under  attack  on  all  fronts  and  needs  to  evolve. The  pinnacle  of  its  troubles  are  symbolized  in  the present  case  of  the  Japanese ...

Tiny S&L Greater Atlantic Financial restates due to an intercompany account being improperly reconciled for five years - another example of why small firms need to have internal control reviews.