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News Update

4/3/08 PCAOB Addresses Emerging Audit Issues In 2008 Forums on Auditing in the Small Business Environment
From: PCAOB | April 3, 2008
The Public Company Accounting Oversight Board today announced the 2008 series of its Forums on Auditing in the Small Business Environment. These forums are designed to help share important .…read the press release
4/3/08 SEC Content Released onto the FASB Accounting Standards CodificationTM for the Verification Phase
From: FASB | April 3, 2008
The Financial Accounting Standards Board (FASB) has released selected portions of Securities and Exchange Commission (SEC) and SEC staff content onto the FASB Accounting Standards .…read the press release
4/2/08 Lawmaker wants answers on SEC Bear Stearns probe
From: Reuters | April 2, 2008
A senior U.S. lawmaker said on Wednesday he wants answers on why the Securities and Exchange Commission declined to bring a case against Wall Street investment bank Bear Stearns Cos Inc .…read the article
4/1/08 Crunching the Words
From: CFO.com | April 1, 2008
New software purports to give auditors clues as to when executives' public statements indicate that fraud may be at hand. .…read the article
4/1/08 Fair-Value Stalls Derivative Standard
From: CFO.com | April 1, 2008
Different definitions in London and Connecticut complicate an effort to simplify accounting. .…read the article
4/1/08 One Standard, Many Laws
From: CFO.com | April 1, 2008
Accounting convergence could be derailed by countries making too many modifications..…read the article
4/1/08 Paulson plan faces gauntlet of critics - SEC's Cox
From: Reuters | April 1, 2008
Securities and Exchange Commission Chairman Christopher Cox said on Tuesday a Bush administration proposal to overhaul U.S. financial regulation faces an uphill battle to win legislative approval .…read the article
3/31/08 Paulson Wants Top Corporate-Finance Cop
From: CFO.com | March 31, 2008
Under the Treasury Secretary's proposal, the new Corporate Finance Regulator would look like a trimmed-down version of the SEC. .…read the article
3/31/08 Small Biz, Big Concerns
From: CFO.com | March 31, 2008
The Institute of Management Accountants forms a committee to bring the accounting-rule gripes of small companies to the forefront .…read the article
3/31/08 SEC Wants Firms to Explain Fair-Value Choices
From: CFO.com | March 31, 2008
In the next quarterly filing, companies should include new disclosures for valuations of assets and liabilities marked against nonexistent markets, according to commission guidance. .…read the article
3/31/08 Bush regulatory plan could do more harm than good
From: Reuters | March 31, 2008
A White House plan to overhaul the U.S. financial regulatory system could usher in an era of smaller investment returns and capital flight overseas as investors shy away from a tough new market cop. …read the article
3/31/08 US Treasury regulatory overhaul plan sparks debate
From: Reuters | March 31, 2008
Treasury Secretary Henry Paulson revealed sweeping plans on Monday for streamlining a hodgepodge of financial regulations that are blamed for allowing the U.S. mortgage crisis to balloon into a …read the article
3/31/08 State insurance overseers slam Paulson revamp plan
From: Reuters | March 31, 2008
In a sign of the rough road ahead for a Bush administration proposal to overhaul financial regulation, state insurance authorities on Monday criticized the plan's call for a federal insurance regulator.…read the article

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