There is even a movement toward an Extensible Markup Language (XML) standard to promote a global GAAP. The Extensible Business Reporting Language (XBRL) is an attempt to create an internet-based global reporting language. XBRL would permit investors, analysts, and regulators to review and evaluate financial data more easily and efficiently. Because it is an XML […]
Popularity: 37% [?]
Latest survey from Georgia State and Clemson universities about Sarbanes Oxley. Said that While the chiefs of corporations across the United States view the 2002 federal accounting statute as reactionary and over-burdensome, they still cite “improper accounting practices” as the No. 1 ethical issue facing business today, according to a survey conducted by ethics centers […]
Popularity: 38% [?]
The Corporate Fraud Task Force claims more than 1,300 corporate fraud convictions since its inception less than six years ago. That includes more than 200 CEOs and presidents, 50 CFOs, and 120 vice presidents. That’s a lot of fraud.
Just looking at technology-related companies, federal agencies have successfully brought fraud and related charges against executives of […]
Popularity: 34% [?]
The increased demand on a variety of information systems that will come with IFRS conversion. gThe following operations need special consideration:
Collection of data and notes
Validation and adjustment of external and internal data
Full reporting process mapping
Detailed reports
Filing processes (e.g., 20-F, 6-K)
Low-level, ad hoc analysis
Integrated reporting and controlling dialogue
There will also be greater demand for near real-time […]
Popularity: 28% [?]