Topic
Audits
357 published works
China Law Update Blog
Regulatory Challenges for the “Big Four”
By Amin Amirkia The “Big Four”, which dominate the Chinese market, are facing regulatory changes that could mean that only accountants with Chinese qualifications can be partners in their China-based…
Federal Securities Law Source
PCAOB Censures Accounting Firm and Imposes a Record $2 Million Penalty
On Wednesday, February 8, 2012, the Public Company Accounting Oversight Board ("PCAOB") announced that it had settled a proceeding with Ernst & Young LLP ("E&Y"). PCAOB censured the accounting firm…
Securities Law Prof Blog
Ernst & Young Settles PCAOB Disciplinary Order for Audit Failures
The Public Company Accounting Oversight Board announced a settled disciplinary order censuring Ernst & Young LLP, imposing a $2 million civil money penalty against the firm, and sanctioning four of…
Washington Energy Report
FERC Releases Audit Reports for Form No. 552 Compliance
On January 26, 2012, FERC released its first audit reports for Form No. 552 compliance. Form No. 552 is a reporting mechanism for natural gas market participants (see June 18, 2010…
Food Safety & Environmental Health Blog
Jensen’s hot potato passed to the auditor
By Roy Costa
Looks like we will not see then end of the Jensen/Frontera/ Primus Auditor issue for some time. While there is plenty of room for criticism of Jensen, Fonterra, and Primus there are also…
Don't Mess With Taxes
Last week at my other tax blog: Auditing the rich;
Last week at my other tax blog: Auditing the rich; Watch out for tax scams Saturday, January 14, 2012 Taxes are all about collecting money. Sometimes it's the Internal Revenue…
Don't Mess With Taxes
13 tax related facts for Friday the 13th Friday, January
13 tax related facts for Friday the 13th Friday, January 13, 2012 Happy Friday the 13th! What? You don't celebrate this day? As a sufferer of paraskevidekatriaphobia you think nothing…
Securities Law Prof Blog
Former BDO Auditor Pleads Guilty to Lying to SEC
A former audit partner at accounting and consulting firm BDO USA LLP, Bryan N. Polozola, pled guilty to criminal charges for lying to SEC enforcement staff during investigative testimony. According to the…
The Contractor's Perspective
OFCCP document requests as an unreasonable search and seizure
Just one month after its decision in United Space Alliance, the District Court for the District of Columbia has again addressed the question of limits on OFCCP’s audit rights. In…
Nonprofit Law Prof Blog
China–New Audit Requirement for Chinese NPOs Effective January 1, 2012
The new Audit Guidelines, available in Chinese at http://www.mca.gov.cn/article/zwgk/fvfg/mjzzgl/201112/20111200248698.shtml, for the first time require that financials of foundations be reviewed by certified public accountants. This guidance comes in response to…