Most Auditors Ace Internal Controls Tests

While PCAOB's year-one review of its revised standard for auditing financial-reporting controls offers praise, it also outlines some problem areas.

COSO Releases Thought Paper on Board Risk Oversight
The Committee of Sponsoring Organizations of the Treadway Commission has released a new thought paper, Effective Enterprise Risk Oversight: The Role of the Board of Directors. It is aimed at helping boards of directors strengthen their oversight of enterprise risks.

SEC Charges Perot Company Employee in $8.6 Million Insider Trading Scheme

The Securities and Exchange Commission today charged Richardson, Texas resident Reza Saleh with insider trading around the public announcement of Dell Inc.'s tender offer for Perot Systems earlier this week.

SEC Creates New Risk, Strategy Division

The Securities and Exchange Commission has merged several offices and functions to create a division of risk, strategy and financial innovation.

Effective Board Oversight of M&A
One of the most important areas of board decision-making involves reviewing merger and acquisition transactions. Expert Bill Bates describes the best practices and the worst mistakes. 

FASB Allows Early Adoption of Key Provisions of New Revenue Recognition Approach
FASB brought U.S. GAAP closer to the approach FASB and the International Accounting Standards Board (IASB) have outlined in their preliminary views documents for their joint revenue recognition project that is scheduled for completion in 2011.

Cash Flow Strategies for Small Businesses
Small business is built on personal relationships with our customers and the competition is fierce for almost any product or service. These tough economic times have been particularly hard for many small businesses and many of my best clients have seen their cash flow come down to a trickle. 

President Tells Wall Street: Return To Normalcy Cannot Lead To Complacency
President Barack Obama spoke at Federal Hall on Wall Street. His speech marked the one-year anniversary of Lehman Brothers Holdings Inc.'s downfall - an event viewed as the penultimate trigger point in the credit crisis, leading to the broader economic crisis beginning in the fall of 2008.

The Forbes 400
America's super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, our annual tally of the nation's richest people, has declined, falling $300 billion in the past 12 months from $1.57 trillion to $1.27 trillion.