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Testimonials |
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NAPLIA
is a tireless advocate for our firm. They are very
responsive to phone calls and inquiries about policy coverage.
So I never have to wait in the dark. Overall, NAPLIA makes this
a surprisingly enjoyable process and I look forward to my
periodic phone conversations.
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Sample X-Gap Newsletter
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Top
Stories
Court Tosses Conviction of Ex-Enron
Unit's CFO
IRS Provides Details of Tax Rebate
Program
Grant Thornton Avoids Penalty in
Keystone Audit
Now Available
A New
Approach To Understanding Accounting
Ethics
For a chapter by chapter summary
Click Here
For ordering information
Click Here
In Case You Missed It...
Subprime Accounting Stretched From Day
One
Peregrine Figure Agrees to Pay Fine
National Century Execs Deny Cover-Up
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Industry
News |
SEC Disciplines Ex-PwC Auditor
WebCPA.com
February 13,
2008
A former PricewaterhouseCoopers
auditor has settled charges with
the SEC over his audits of video
game developer
Take-Two Interactive Software.
Firms Vent Fury Over
Disciplinary Costs
accountancyage.com
February 14,
2008
Firms are set for a major clash
with the
UK accounting regulator
over plans to discipline members
of the profession over breaches
of guidance, as well as
accounting standards.
SEC Settles Fraud Suit with R&G
Financial
reuters.com
February 13,
2008
R&G Financial Corp has settled
allegations that the bank
holding company inflated profits
by improperly accounting for
mortgage-related transactions, a
U.S. Securities and Exchange
Commission attorney said on
Wednesday.
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SEC And
Other Regulatory Activity
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FASB Seeks Greater Asset
Allocation Disclosure
pionline.com
February 13,
2008
FASB today approved a proposal
to require a more detailed
breakout of corporate pension
fund asset allocations,
including derivatives, to obtain
a better assessment of
concentrations of risk.
SEC Advisory Committee Issues
Progress Report
WebCPA.com
February 15,
2008
The Securities and Exchange
Commission's Advisory Committee
on Improvements to Financial
Reporting has released a
progress report on its work to
date.
SEC Outlines '08 Agenda
cchwallstreet.com
February 13,
2008
SEC Chairman Christopher Cox
laid out an aggressive agenda
for the upcoming year that
includes 12b-1 fees,
broker-dealer/investment adviser
issues and point-of-sale
disclosure.
SEC Seeks More Financial
Transparency
kplctv.com
February 14,
2008
The
Securities and Exchange
Commission aims to
increase the transparency of
Wall Street's disclosures and
has more than 3 dozen
investigations underway amid the
fallout from the subprime
mortgage crisis,
Chairman Christopher Cox
said on Thursday.
A Labyrinthine Path to Justice
washingtonpost.com
February 14,
2008
FBI, SEC join complex
probe of housing crisis.
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Op-Ed
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AIG's Arbitrary Write-Down
portfolio.com
February 11,
2008
The news seems to be reasonably
clear: according to an 8-K it
filed today, AIG has suddenly
discovered that the value of its
credit default swaps is
$4.88 billion lower than it had
previously indicated. That's
Bloomberg's number, and the
WSJ's too, and they both cite
the same 8-K. But in reality
it's incredibly arbitrary, even
if you take the 8-K as gospel
truth.
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FASB Action Alert |
At its February 6th
meeting, the FASB considered the
following
topics:
>Application of Statement 157 to
Statement 13 and Its Related
Interpretive Accounting Pronouncements
That Address Leasing Transactions;
>Partial Deferral of the Effective Date
of Statement 157;
>Deferral of the Effective Date of
AICPA SOP 07-1.
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