Accounting
Congress’ Version of Sarbanes-Oxley: Car-Box?
I’m not sure if you’re aware or not, but fairly recent legislation has provided job security for almost every accountant. It’s called “Sarbanes-Oxley” or “SARBOX” for short - and it was created in the wake of Enron and WorldCom to prevent similar corporate fraud. It’s basic function is to (1)formally assign responsibility to […]
Picalo - The Accounting Industry’s Answer to Fraud
I attended a lecture today by Conan Albrecht on using technology to detect fraud in a method called “Fraud Hypothesis Testing Approach.” It sounds like a mouthful, but the potential for detecting fraud using this method is enormous. As most people are aware, Accountants usually deny any responsibility for detecting fraud unless it’s staring […]
The Profile of a Fraudster
I’ve been doing a lot of research lately into fraud and have been wondering how I can share what I’ve been learning with you - without making it too boring. So I’ve decided to share with you some facts about fraud that you can use in your daily career. After all, most frauds […]
Take a Dive Into the Deep End (of the Profit Pool)
For some reason, after writing about becoming a profitable blog network in “Show Me the Money!” I have had profit on the brain. And this week I happened to come across an interesting concept first introduced by Gadeish & Gilbert called “Profit Pools” that has an impact not only on my previous comments but also […]
Big 4 Partnerships May Consolidate into Single ‘Global Partnership’
AccountingWeb.com reported this week that William Parrett, chief executive of Deloitte Touche Tohmatsu, the firm’s global umbrella organization, said that he expected “both from a business standpoint and a regulatory standpoint, [that the] larger firms will evolve to a global partnership over the next decade.”
This is a fairly large move for accounting firms. […]
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