Number 5 BDO: Problems Under The Radar
CFO.com reports on a situation at Number 5 accounting firm BDO Seidman that seems reminiscent of news we heard frequently a couple years ago....

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Epilogue: Frank’s 140 Request
About a month ago, House Financial Services Committee Chairman Barney Frank sent a letter to SEC Chairman Christopher Cox asking for clarification on...

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KPMG In The News
Things happen fast these days. There’s hardly time for a litigation victory dance, then whattaya know? More stuff happens. Yesterday, KPMG (an ...

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Audit Profession Advisers Wanted
About a month ago, I mentioned the Treasury Department’s latest initiative for “enhancing U.S. capital market competitiveness.”...

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Paulson’s Plans
Last week, the Treasury Department Secretary Henry Paulson unveiled his initiatives for enhancing U.S. capital market competitiveness - most of which...

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Ghosts Of Scandals Past: Tyco Settles For $3 Billion
Tyco International, the company that made shower curtains an element of corporate intrigue, will settle class-action investor suits for almost $3...

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Crawling Toward A “Big 4.333″
Interesting development in London, as reported in the Financial Times: Grant Thornton and RSM Robson Rhodes plan to combine operations. The co...

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PCAOB Report: What Auditors Miss
Upfront disclosure: the PCAOB is a subscriber to The Analyst’s Accounting Observer. (But that doesn’t mean I know any more about them than y...

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PCAOB: Deloitte’s Issues
Last week, the PCAOB released its report on its 2005 inspection of Deloitte & Touche. The report indicated that one of the eleven audits insp...

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Mail Call, 11/10/06
Dominic Jones, of the IR Web Report, has some terrific comments on the Big Four + Next Two “vision document” that I mentioned yesterday. I’d recommend a cl...

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NEC Goes On GAAP Hiatus
Interesting 6-K filing by Japanese electronics giant NEC: it seems that the company is having trouble preparing its financial results on a United St...

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