Topic
Audits
357 published works
Health Industry Washington Watch
Medicaid RAC Program
On September 16, 2011, CMS published a final rule to implement section 6411 of the ACA, which requires all states to contract with Recovery Audit Contractors (RACs) to audit Medicaid…
Securities Law Prof Blog
PCAOB Solicits Public Comment on Auditor Independence & Audit Firm Rotation
On August 16 the Public Company Accounting Oversight Board released a CONCEPT RELEASE ON AUDITOR INDEPENDENCE AND AUDIT FIRM ROTATION. According to the summary:The Public Company Accounting Oversight Board ("PCAOB"…
Nonprofit Law Prof Blog
State Dept. Reacts to Hamas Audit Threat for American-Financed Charities in Gaza
The NY Times reports that the U.S. State Department is threatening to withdraw $100 million of spending in Gaza unless Hamas leaders drop their demand to audit American-financed charities operating…
The Faculty Lounge
Is the Audit Market Too Concentrated?
The UK Office of Fair Trading is worried about the market for large company audits: The OFT has been concerned for some time that this market is highly concentrated, with…
Inside Privacy
UK ICO Calls for More Privacy Audits
By Mark Young
The U.K. Information Commissioner's Office (ICO) issued a press release yesterday calling on companies to undergo more data protection audits. (Currently, only some public sector entities in the UK can…
Securities Law Prof Blog
SEC Proposes Ways to Strengthen Audits and Reporting of Broker-Dealers to Protect Customer Assets
The SEC proposed amendments to the broker-dealer financial reporting rule in order to strengthen the audits of broker-dealers as well as the SEC’s oversight of the way broker-dealers handle their customers’…
Securities Law Prof Blog
SEC Brings Stop-Order Proceedings Against Two Chinese Issuers
The SEC announced that it instituted proceedings to determine whether stop orders should be issued suspending the effectiveness of registration statements filed by two companies – China Intelligent Lighting and Electronics Inc.…
Securities Law Prof Blog
SEC Looking for CPA for PCAOB Board
Do you know someone who is well-qualified to serve on the Public Company Accounting Oversight Board? The SEC is seeking suggestions. Sarbanes-Oxley requires that Board members be “appointed from among prominent individuals…
Securities Law Prof Blog
SEC Releases Study on Section 404(b) Required by Dodd-Frank
On April 22 the SEC posted on its website the staff's Study and Recommendations on Section 404(b) of the Sarbanes-Oxley Act of 2002 For Issuers With Public Float Between $75…
Securities Law Prof Blog
Auditors can be Liable for Broadcom’s Backdating Fraud, According to 9th Circuit
Courts have been reluctant to find that auditing firms can be primarily liable for misstatements contained in audited finanical statements. Recently, however, the 9th Circuit upheld plaintiffs' allegations of Ernst & Young's involvement…