Topic
Audits
355 published works
Securities Law Prof Blog
Smallest Public Companies Will Begin Complying with SOX 404 in Nine Months
The SEC announced that the smallest publicly reporting companies will begin complying in nine months with the final portion of a key provision of a 2002 corporate governance law that requires…
Securities Law Prof Blog
SEC Suspends Las Vegas CPA for Auditing Deficiences
The SEC charged a Las Vegas-based CPA and his public accounting firm with securities fraud for issuing false audit reports that failed to comply with Public Company Accounting Oversight Board ("PCAOB")…
The Business of Benefits
CPA Group Struggles With 403(b) Rules
By Robert Toth
BNA reported on August 20th the concerns of the AICPA's 403(b) Plan Audit Task Force about practitioners "misunderstanding" of the impact of the recently issued DOL FAB 2009-2, where the DOL took…
Food Safety & Environmental Health Blog
Third Party Audits-Passing the Buck or Coming Full Circle?
By Roy Costa
In the absence of food safety regulations in many commodities or the lack of oversight in general, companies have turned to the private regulation of the food supply. On an…
Securities Law Prof Blog
SEC Charges Madoff’s Auditor with Fraud
The SEC charged the auditors of Bernard Madoff's broker-dealer firm with committing securities fraud by falsely representing that they had conducted legitimate audits, when in fact they had not. In its…
Marler Blog
Private Third-Party Audits or Government Audits – Choose Your Poison
When it comes to inspecting the thousands of food manufacturing facilities in our increasingly complex and intertwined food supply, some argue that we need more actual governmental audits while others…
Securities Law Prof Blog
Why an Obscure Accounting Firm Could Audit Madoff’s Records
We all know that Bernie Madoff's brokerage firm was audited by an obscure 3-person accounting firm that is not registered with the Public Company Accounting Oversight Board. This was permitted…
Nonprofit Law Prof Blog
California AG Begins Audit of Los Angeles Museum of Art
The New York Times reports that the Attorney General of California has begun an audit of the Los Angeles Museum of Contemporary Art. The Museum has operated at a deficit…
Green Building Law Update
A Tale of Two Cities: Los Angeles’ Audits
Continuing our discussion of topics from Greenbuild, we now move to Los Angeles’ green building regulation. We have already highlighted Portland’s innovative Feebate enforcement mechanism. Los Angeles has created a…
InsureReinsure
Third Circuit Upholds Liability of PricewaterhouseCoopers in Ambassador Insolvency
The United States Court of Appeals for the Third Circuit recently upheld a $182.9 million judgment against PricewaterhouseCoopers, LLP (āPWCā) for allegedly contributing to the failure of Ambassador Insurance Company…