Mister Finance
Financial insights, commentary, and advice.


The Protected Class, Continued
Posted on June 12th, 2007 on The AAO Weblog
CFO.com reports that Senators John Kerry (Massachusetts) and Olympia Snowe (Maine) have sent another letter to SEC Chairman Christopher Cox requesting further delay in ...

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Anticipating Fair Value Auditing
Posted on June 8th, 2007 on The AAO Weblog
Compliance Week hosted its annual governance and risk conference yesterday, and one of the speakers was PCAOB Chairman Mark Olson. His speech was ...

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As AS 5 Evolves…
Posted on May 25th, 2007 on The AAO Weblog
The week’s big news, regs-wise at least, was the SEC’s approval of its “principles-based” interpretive guidance for man...

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The Next Phase In Internal Control Evaluations
Posted on May 24th, 2007 on The AAO Weblog
As expected, the SEC approved the proposed replacement for Auditing Standard No. 2. Lots of promises are being made for this standard - scal...

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Atkins: More Than Just Sarb-Ox Complaints
Posted on April 23rd, 2007 on The AAO Weblog
SEC Commissioner Paul Atkins delivered a speech last week at a conference co-sponsored by the American Enterprise Institute and the Brooking...

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PCAOB’s 2006 Report On 2005 Audits
Posted on April 19th, 2007 on The AAO Weblog
Yesterday, the PCAOB released its report on the study of 275 examinations of internal control audits performed by auditors engaged to report on...

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AES: Restating Due To Remediation
Posted on March 21st, 2007 on The AAO Weblog
Monday, AES Corporation issued a non-reliance 8-K covering its financials for 2006 to date and the years ended 2005, 2004, and 2003. The company is still...

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Lessons From A Floundering Giant
Posted on March 19th, 2007 on The AAO Weblog
Time for a break from the drone of SAB 108 adjustments… I’ll drone instead about the internal controls report in the General Moto...

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Chairman Cox: Supporting SOX 404
Posted on March 15th, 2007 on The AAO Weblog
Yesterday, SEC Chairman Christopher Cox spoke before the U.S. Chamber of Commerce’s First Annual Capital Markets Summit, and delivered su...

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A 404 Analogy
Posted on March 8th, 2007 on The AAO Weblog
Interesting article in the New York Times by David Leonhardt forwarded to me by my Chicago friend, Lisa P. The article wasn’t about finance or accountin...

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The 2006 Restatement Tally
Posted on March 1st, 2007 on The AAO Weblog
Great article by Steven Taub at CFO.com on Glass Lewis’ annual study on restatements. Link here. Key points: in the aggregate for 2006, restatements are up - way up. According to the article,...

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