The auditing profession has been lusting for caps on their legal responsibility for failed audits for some time now. The failure of Arthur And...

Continue Reading Limiting Auditor Legal Liability

Another rough week for the market. With war drums beating for Iran, new highs in oil, and fears over upcoming bank and financial failures, yo...

Continue Reading Another Rough Week

Good morning. Higher oil prices and expectation for the nationalization of Fannie and Freddie are depressing premarket futures after GE reported an inline but overall disappointing earnings report. In addition, global tension over Iran continues to h...

Continue Reading Fannie, Freddie, GE, & Oil

Many of you have asked our plans over the next few weeks leading up to and including our move to Cedar City, Utah. So, I thought I'd take a mo...

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Good morning. Premarket futures are indicating a mixed start following some M&A activity (see ROH, CTLM, & XLTC) and better than expected jobl...

Continue Reading Ahead of Bernanke & Paulson

We started off ok, but volume dried up and the market gave up yesterday's gains. Once again, financials are having a tough time holding any upside and the biggest gai...

Continue Reading More Hatred & Fear

Bernanke demands ultimate power The Fed may have a hard time justifying higher borrowing costs as long as a temporary program for emergency lending to nonbanks remai...

Continue Reading A Market Of Stocks

Good morning. Premarket futures are in positive territory lead by strength in overseas markets. The news flow is light this morning but foc...

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Saturday's New York Times featured a front-page piece by reporter Stephen Labaton on the forthcoming timetable to be set by the SEC for American co...

Continue Reading NY Times: What Comes Next At The SEC

Hitachi's XBRL Business Unit runs a blog on all things - what else? - XBRL. One of their regular contributors, Bob Schneider, asked me a few sali...

Continue Reading A Few Thoughts On XBRL

The "death by delay" strategy seems to live on. Probably because it's working. On Friday, the SEC announced that they will give another year of clemency to small companies (u...

Continue Reading Yet Another Section 404 Delay For Smaller Companies