Tag:
Audits
Latest Headlines
Latest Headlines
Crackdown on Chinese reverse mergers
Reverse mergers have long been a controversial backdoor way for a company to list on the public markets in the United States. The basic idea is to merge a publically traded shell company with a private company, and, presto, that private company instantly becomes a listed company on an established
SEC seeks more accountability over custody, accounting
One little noticed requirement in Dodd-Frank was that the Public Company Accounting Oversight Board, which oversees most domestic audit activities, would take on an additional burden: oversight of the auditors of broker-dealers. The PCAOB is budgeting with more of this activity in mind. But this m
Stanford faces criminal charges
We haven't seen a lot criminal charges in the still-unfolding financial crisis, but that might be changing. A criminal indictment unsealed in Houston, Texas, charges Allen Stanford committed a host of jail-worthy sins: He paid "more than $100,000 to Leroy King, former chief executive of Antigua's
