Accounting
Accounting Articles
From AAO Weblog Kind of a rare daily double: two separate clips in the news about the Sarbanes-Oxley Act. And not one of them mentions how it’s making the sky fall! First up, reported by CFO.com,...
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From AAO Weblog This in from Sydney, Australia via WebCPA: actor Paul Hogan, a.k.a. “Crocodile Dundee,” has been linked to an Australian investigation of tax fraud. “According to the newspaper...
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From AAO Weblog As blogged previously, the SEC’s SAB 108 is two, two, two materiality tests in one. It requires firms to assess materiality of known but uncorrected errors on both a rollover basis...
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From AAO Weblog Yesterday, software provider BEA Systems filed a nonreliance 8-K on its financial statements from fiscal 1998 through 1Q 2007. Its estimated pretax stock compensation expense to...
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From AAO Weblog Nearly two years ago, then-chief accountant Don Nicolaisen outlined a “roadmap to convergence” between United States generally accepted accounting principles and those embodied in...
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From AAO Weblog Bassett Furniture Industries filed a non-reliance 8-K yesterday on its financial statements for 2005. Specfically, the 2005 and 2004 balance sheets contained in that year’s 10-K are...
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From AAO Weblog At the Practising Law Institute’s “SEC Speaks” series last Friday, SEC Chairman Christopher Cox delivered a speech recapping his first 80 weeks on the job, likening himself to...
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From AAO Weblog It’s stress-testing time in the subprime market. On Wednesday, mortgage finance REIT New Century Financial issued a non-reliance 8-K, revoking investor reliance on all its quarterly...
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From AAO Weblog Winter freeze or not, the options backdating investigations are heating up. On Tuesday, the SEC announced the filing of civil suits against both the former CFO Gary C. Gerhardt, and...
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From AAO Weblog When FIN 48 starts popping up in 2007 financials, it’s reasonable to expect that it will result in charges being taken to wring water out of existing tax assets on balance sheets....
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Tyco (TYC-NYSE) is one that has finally shed its old corrupt image and is now in the ‘pending’ file of companies that are in the break-up group. The stock has traded back above $30.00 back for...
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From AAO Weblog Maxim Integrated’s CFO is out, according to this nonreliance 8-K filed yesterday. The company also expanded the age range of the financials that should be disregarded by investors....
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From AAO Weblog Maxim Integrated’s CFO is out, according to this nonreliance 8-K filed yesterday. The company also expanded the age range of the financials that should be disregarded by investors....
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According to The Wall Street Journal, Gartmore Small Cap Fund has risen about 30% in the last year, due, in part, in buying shares depressed by the options back-dating scandals. Shares in companies...
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From AAO Weblog Last June, we saw the invention of ESOARS – Employee Stock Option Appreciation Rights – by Zions Bancorporation. Zion’s purpose in designing the securities: to provide a...
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