(All photos by James Ulvog are from the Wells Fargo museum in Old Town park in San Diego.)
It’s not a new idea to seal containers so tampering with the contents is obvious. In the Wells Fargo Museum in San Diego, you can see how that idea was used in the 1860s.
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Internal control, 1860s edition – sealed containersRead More »
Internal control, 1860s edition – sealed containers Read More »
You recall that your audit opinions will be completely revised starting with December 31, 2012 financial statements. The opinion is completely different.
I’ve discussed that here and here with sample reports.
After you draft your reports with the practice tools used by your firm, it would be wise to double-check them. What to use?
Check out Charles Hall’s article – The Clarity Project – Vetting Your Clarity Opinions with the AICPA Peer Review Checklist.
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Double check your revised audit opinions with the AICPA Peer Review checklistRead More »
Double check your revised audit opinions with the AICPA Peer Review checklist Read More »
….you might want to read this:
Libel in the Blogosphere: Some Preliminary Thoughts by Glenn Reynolds. It’s a free download. Only 14 pages long.
(Cross-posted from my other blog, Nonprofit Update.)
Although the paper was written in 2006, it is remarkably current.
Full disclosure time. Yes, I have a biased and vested interest in the idea of not suing bloggers. Take my comment with whatever size grain of salt you wish.
The biggest issue to consider is the pushback you may receive from the rest of the blogosphere if you even threaten a blogger.
A few minor points are that most bloggers don’t have enough of a deep pocket to make litigation worthwhile and you can probably get a near instantaneous correction with a polite request.
Back to the major issue.
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Before you think about suing a blogger… Read More »
They haven’t quite made sense to me. Probably because of a complete lack of previous effort on my part.
Well, David Albrecht has a post that opens the door. Check out LinkedIn Endorsements and Accountants. He gives some background on the endorsement feature at LinkedIn. He thinks it is a good thing in terms of providing a basic level validation of your skill sets.
His comment: …
Don’t quite understand those LinkedIn endorsements?Read More »
Don’t quite understand those LinkedIn endorsements? Read More »
There is a lot of stuff accumulated during the audit that doesn’t belong in the workpapers. Toss it.
Charles Hall provides a list of reasons things are sometimes included in the audit file that don’t belong there: Seven Reasons for Unneeded Work Papers.
Of course the list starts with SALY. Look at the last item:
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7 lousy reasons for putting documentation in your audit work papers.Read More »
7 lousy reasons for putting documentation in your audit work papers. Read More »
That is the core point of a new book, The Bankers’ New Clothes, reviewed by John H. Cochrane in the Wall Street Journal – Running on Empty – Banks should raise more capital, carry less debt – and never need a bailout again.
Federal policy guarantees essentially all bank deposits. That creates moral hazard, which means banks can take extreme risks and depositors don’t care. The feds are on the hook for any failure, so why should bank management or depositors worry about risk levels? To mitigate risk, the regulators have thousands of pages of rules on the asset side of the balance sheet. Check this out: …