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Doty Takes Aim at Auditors' Controls Testing and Says Mandatory Rotation Could be Difficult
Posted on November 17, 2011 at 11:40am 0 Comments 0 Favorites
photo source: SOXRight
Internal accounting controls are not being properly tested by auditors, according to James Doty, chairman of the Public Company Accounting Oversight Board. Instead, he said, "some auditors are just taking the business process that the company has put in place as a control." Internal controls were a chief change mandated by the Sarbanes-Oxley Act. Doty also said recently that a PCAOB…
A Thanksgiving Meal Gets More Expensive by the Year, AFBF Finds
Posted on November 17, 2011 at 11:00am 0 Comments 0 Favorites
The cost of a typical Thanksgiving Day meal has risen 13% from last year to nearly $50 this year, according to the American Farm Bureau Federation. Rising commodity and food prices are the culprit, according to a study by 24/7 Wall St., which found that the cost of a 16-pound turkey is up 22.1% from last year; the cost of fresh cranberries by 2.9%; sweet potatoes, 2.1%; green peas, 16.6%; and rolls, 8.5%.…
ncCPAp President Andrew Hult named in Accounting Today's Top 100 Most Influential People in Accounting
Posted on October 13, 2011 at 1:26pm 0 Comments 0 Favorites
Mineola, New York October 14, 2011 For the second year in a row, ncCPAp President Andrew Hult has been named as one of the Top 100 Most Influential People in Accounting.
Accounting Today, a leading provider of online business news for the tax and accounting community, compiles this annual list, an accounting equivalent of Whos Who in America.
Hult, president of ncCPAp since November 2009, has been a strong advocate, educator and voice into Congress and the…
Continue Opinion: FASB should Require Companies to Report what they Pay in Federal Taxes
Posted on September 21, 2011 at 8:30am 0 Comments 0 Favorites
Opinion: FASB should require companies to report what they pay in federal taxes
"If the Financial Accounting Standards Board were to change its rules to require…
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