The accounting scandals that brought Enron down, creating a crisis of confidence among investors that resulted in Sarbanes-Oxley, may pale in comparison to the fallout from the government's bailout of financial companies.
Money market funds have always provided refuge from the storm in a market crisis, but CFOs who have fiduciary responsibility for their company’s 401(k) plan may be questioning the safety of their plan’s money market fund these days.
Successful implementers tended to start the process early, paid close attention to important accounting issues and emphasized good project and change management.
The Department of Labor (DOL) has been dismissing whistleblower cases involving employees of subsidiaries of public companies because of broad language used by the statute.
The SEC's proposed road map for a move to International Financial Reporting Standards (IFRS) by U.S. issuers by 2014 is so sweeping that some critics are calling it the accountants' equivalent of Y2K.