Tag:
finance
Latest Headlines
Latest Headlines
PCAOB: Financial controls not being properly tested
In the wake of Sarbanes-Oxley, which was passed in 2002, there was a multi-year, mad rush to comply with Section 404, which vexed more than a few companies.
The compliance process was costly, but many finance units eventually got it right, working out controls and processes that ultimately sat
Time to outsource financial work?
The offshore outsourcing industry has progressed to the point that massive savings are now available for many companies--a fact that has more small-company CFOs pondering whether to offshore their finance and accounting work.
Traditionally, the biggest drawbacks to this have been compliance an
New York City, a mini Silicon Valley?
New York City is still the country's financial capital, but more people are also seeing it as something of a technology center, one that rivals Boston as the Silicon Valley of the East. These days, there are plenty of reasons to conclude that the city is living up to the hype.
TheDeal.c
Will Sarbox exemption lead to fraud?
So many people have jumped on the anti-404(b) bandwagon for small companies that we have lost sight of the potential benefits. Some people just can't see past the pain of auditor attestation of management's efforts. But along comes a really troubling case of fraud at Koss Corp., where a financial
The state of dating on Wall Street
Dating on Wall Street has long been a weird game built on money and glamor. Now that the boom has gone bust, relationships have taken a hit. We brought you news recently of Dating a Banker Anonymous , which billed itself as "a safe place where women can come together--free from the scrutiny of
So you wanna work for Citigroup?
Of all the ways the government's hefty ownership of Citigroup hurts the banks, the number one harm has to be recruitment. Fortune asked Citigroup chairman Dick Parsons about why anyone would want to work there. His answer: "It's almost like a patriotic duty...Plus it's damned interesting." App
More ideas on executive pay
We're seeing a lot of new executive pay ideas being floated, as more boards grapple with the likelihood of new laws and more intense scrutiny by boards. Already, Wall Street firms are making some moves. Morgan Stanley for example seems to be shifting more toward salaries as well as making other ch
Can hedge funds game the PPIP?
Business Week reports that hedge funds and investment banks are scouring the proposed PPIP for ways to "exploit" the partnership and auctions. One expert tells the magazine the system is highly "gameable." The basic problem is that "everyone gets to play. Banks selling dubious assets can finan
Lessons from Continental Illinois?
The 1984 takeover of Continental Illinois seemed to be a success on the surface. But then head of the FDIC William Isaac has caused a stir with his column in the Wall Street Journal arguing that nationalization wouldn't work today. He has some good points, notably that the scale we're talk
Jim Cramer under fire
Of late, hedge fundie-turned-pundit and TV personality Jim Cramer has been called the "Jerry Springer of finance." I'm not sure if he would dispute that. Cramer of course has made enemies of AIG employees, whom new AIG CEO defended in a letter that ended up on a Wall Street Journal deal blog.
