@Going_Concern “Making Money The Old Fashioned Way: Exploiting IFRS Mandates”
By Francine • Sep 2nd, 2009 • Category: Pure Content, Writing for OthersMy 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…
Francine is
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Francine McKenna (@retheauditors) has more than twenty years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. For more info, click the "About" page link at the bottom of this page.
Francine – I would love to read your posts but where the heck is @Going Concern posted?
Gaylen
My post has a link or you can go to http://www.goingconcern.com
Francine
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)
http://www.accountingnation.com/post/IFRS-Planning-for-the-Excessively-Risk-Averse.aspx