Jun 24, 2011 | Uncategorized
Crain’s New York Business.com reported this week that New York’s Medicaid Inspector General has been asked to resign within 30 days by New York’s Governor. I’m deeply concerned about this firing and its impact on the auditing profession.New York’s...
Jun 20, 2011 | Uncategorized
Without much research, I can identify seven professional associations I follow which issue auditing standards.These include: AICPAGAOIFACIIAINTOSAIISACAPCAOBEach of these professional associations has a vested interest in issuing standards and they do so claiming...
Jun 11, 2011 | Uncategorized
Many times I read audit reports and a crucial element of the audit finding is missing – the cause of the finding. Sometimes, auditors will identify a component of internal controls as a cause –...
Jun 8, 2011 | Uncategorized
I think the comments in response to the Barron’s column by JIM MCTAGUE are worth reviewing. It gives you a sense of the frustration people have with auditors not doing their...
Jun 7, 2011 | Uncategorized
Here’s an interesting article in Barron’s – March 19, 2011.”The financial statements of Lehman Brothers, AIG, Fannie Mae, Freddie Mac, Washington Mutual, Bear Stearns and Countrywide all were graced with unqualified opinions by their auditor a...
Jun 6, 2011 | Uncategorized
PCAOB chair, Jim Doty’s June 2, 2011 speech, “Rethinking the Relevance, Credibility and Transparency of Audits is a must read for auditors. Mr. Doty’s identified a number of important challenges to the auditing profession.He’s concerned about auditor...
