• @Going_Concern “Making Money The Old Fashioned Way: Exploiting IFRS Mandates”

    By • Sep 2nd, 2009 • Category: Pure Content, Writing for Others

    My new post is up @Going_Concern  

    The largest audit firms are suffering, not only because of the “financial crisis,” but because the Sarbanes-Oxley gravy train slowed in early 2006, came to almost a complete stop when Auditing Standard 5 was passed in early 2007 and hit a full stop when the SEC started pushing AS5 via the PCAOB in mid-2008.

    Now the firms are looking for the next holy grail…the audit firms are now exploiting the delays and confusion and, along with that, circumventing the stricter scope of service and independence rules enacted with Sarbanes-Oxley…

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    3 Responses »

    1. Francine – I would love to read your posts but where the heck is @Going Concern posted?


    2. My post has a link or you can go to http://www.goingconcern.com


    3. Funny Francine…I just posted about something similar I saw in the JofA. Also, thanks for the comments over at AN…I should have delineated between the two parts. I’ll make sure to factor into my posts should the topic of “male parts” come up again (can’t image what context they would…but then again I never anticipated it either)