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Tags: accountingtemplates.com, Sarbanes-Oxley, Vibato, accounting, accounting templates
An effort made by the Public Company Accounting Oversight Board (PCAOB) to require companies to rotate their auditors is receiving an overall negative response from the community it would affect.
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Tags: Competition Commission, external audit, mandatory audit rotation, PCAOB, Lloyd
CEO of JPMorgan, Jamie Dimon, expresses confidence in the upswing of the economy based on the first-quarter results of the New York-based bank. Pointers of this are that the bank had set aside less budget to cover bad loans in its retail banking business, and that housing prices were beginning to improve. The bank funded $53 billion in mortgages, which is 37% higher than last year.
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Tags: Internal Controls, shareholders, JPMorgan, Jamie Dimon, mortgages, trading loss
It’s been a big week for KPMG. They resigned as external audit from Herbalife and Skechers and fired the Senior Partner, Scott London, for insider trading. London had been at the firm for 29 years.
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Tags: skechers, Herbalife, insider trader, KPMG, SEC, cnbc, Scott London
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Tags: audit, SOX, auditing standards, audit committee, best practices, internal audit, IIA, Institute of Internal Auditors, Sarbanes-Oxley, audit scope, Richard Chambers
