Topic
Audits
355 published works
Securities Law Prof Blog
SEC Staff Begins Small Business Cost-Benefit Study on SOX 404 Compliance
The SEC today announced that its professional staff has commenced a cost-benefit study of an upcoming auditor attestation requirement for smaller companies under Section 404(b) of the Sarbanes-Oxley Act of…
Securities Law Prof Blog
Former Andersen Accountants for Enron Settle SEC Charges
The SEC settled a civil action against David B. Duncan, a former Arthur Andersen LLP ("Andersen") partner and former global engagement partner for the Enron engagement, in connection with the…
Securities Law Prof Blog
SEC Settles Fraud Charges Against San Diego’s Independent Auditor
The SEC filed a settled civil fraud action yesterday against San Diego's independent auditor, Thomas J. Saiz and his firm, Calderon, Jaham & Osborn (CJO), in connection with the city's…
Securities Law Prof Blog
PCAOB Censures D&T
The Public Company Accounting Oversight Board fined Deloitte & Touche $1 million and censured the firm for shoddy work in auditing the books of Ligand Pharmaceuticals. It is the board's…
Pension Risk Matters
Will Auditors Become the Next Dismal Scientists?
Since Thomas Malthus predicted the end of mankind as population growth surged, economists have been known as the dismal scientists. (Click here to check out U.S. and global person counts.)…
Securities Law Prof Blog
Paulson Appoints Committee to Study Auditors
Treasury Secretary Paulson has appointed a 21-person blue-ribbon committee to study changes in the auditing profession since Sarbanes-Oxley and make recommendations by summer 2008. Co-chairs will be former SEC Chair…
Securities Law Prof Blog
SEC Charges Auditors with Not Registering with PCAOB
The SEC charged 69 auditors with issuing audit reports on the financial statements of public companies while they were not registered with the Public Company Accounting Oversight Board. The SEC…
Securities Law Prof Blog
Cunningham on Auditors’ Caps
Securitizing Audit Failure Risk: An Alternative to Caps on Damages , by LAWRENCE A. CUNNINGHAM, George Washington University Law School, was recently posted on SSRN. Here is the abstract: For…
Securities Law Prof Blog
SEC Approves New Auditing Standard
The SEC today voted unanimously in favor of a new auditing standard and other measures to increase the accuracy of financial reports while reducing unnecessary costs, especially for smaller public…
Securities Law Prof Blog
SEC Issues Interpretive Guidance on Internal Controls
On June 20, the SEC issued interpretive guidance, unanimously approved on May 23, to help public companies strengthen their internal control over financial reporting while reducing unnecessary costs, particularly at…