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Global accounting standards need more than just U.S. adoption
- 09/ 11
Everyone supports a single set of global accounting standards, and there is a big spotlight on the United States and its pending decision process to adopt or incorporate IFRS into its reporting structure. However, there is…
See MoreLess is more: the art of XBRL
- 08/ 11
It’s been observed that detailed tagging can create up to 10 times more tagging concepts than block tagging. Does it mean 10 times the work? It depends. There’s no doubt that detailed tagging creates more complexity, b…
See MoreNot all controls are equal: a fresh look at SOX 404
- 08/ 11
In my work with smaller companies I’m seeing that there’s still much more they can do to strengthen their control environment, create efficiencies and reduce compliance costs in their SOX 404 program by taking a top-do…
See MoreZynga’s IPO hiccup: why they got it right in the end
- 08/ 11
We tend to assume the worst when we hear the words “material weakness,” and for public companies required to comply with the Sarbanes-Oxley Act, it’s certainly not good news. But in terms of Zynga’s hiccup last wee…
See MoreDo auditors care about XBRL?
- 08/ 11
When I talk with finance executives about implementing XBRL, nearly everyone asks, “What will auditors be looking for? Do they care about XBRL?” The answer is no, they don’t. But they do care about your controls, and…
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