A PCAOB proposal to require auditors to detail where they had issues with management is likely to stir an outcry over the cost involved. But a study shows that would probably be just a smokescreen.
Proponents of one supplemental pay disclosure model hopes theirs wins out. Whether investors go along is another matter.
Like other settlements, the historic deal between beleaguered hedge fund firm SAC Capital and the Justice Department calls for a compliance monitor. This person will be tasked with reviewing the...
Today's developments remind us that the devil's especially in the details when it comes to journalism. Just peruse the headlines and you'd think that corporate earnings couldn't be better, that Obamacare is freshly doomed, that Goldman Sachs did not lose $1.3 billion in currency trading in its most recent quarter, and that its back to business as usual with Iran. Well, not exactly.
An admission of culpability and on-going criminal investigation mean that JPMorgan Chase's $13 billion settlement isn't the end of its legal troubles over bad mortgage securities.
A sum-of-the-parts analysis of GE by Seeking Alpha could add to calls for the conglomerate to break itself up. If nothing else, the company may face more pressure to spin off its finance arm.
The proxy advisory firm is for sale amid a backlash from critics. But are their complaints about conflicts of interest and fiduciary relief a smokescreen for protecting managers?
For CFOs, the takeaway from last week's PCAOB Staff Audit Practice Alert on internal control over financial reporting is that audit season won't be getting any less stressful, any time soon. For the second time in less than a year, the Public Company Accounting Oversight Board advised auditors, and indeed audit committees, to be vigilant about internal controls.
Macro concerns have given way to micro ones for CFOs, as audit season approaches. Just in time, the PCAOB warned late last week that deficiencies in companies' internal controls were on the rise. And our first story today by Hilary Johnson lays out the problems in detail. But the rise in deficiencies doesn't surprise is, as its in line with the backlash against regulation we're seeing in such legislative efforts as the JOBS Act, which, however well intended, will in our view inevitably lead to serious corporate accounting problems.
>> Finance: Markets are watching for start of the Federal Reserve's QE taper But have they taken into account Wall Street dealers' recent aversion to taking big bets on corporate bonds,...