Auditors and companies looking to adhere to a proposed internal control framework for financial reporting were told yesterday at a Baruch College auditing conference not to sweat the actual implementation date when the draft framework is finalized in March 2013. Comparing the new framework from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to Microsoft’s Windows 8, David Landsittel, chairman of COSO, said that users may initially favor the older framework, which will be “available as long as the market wants it.” But the new version will be “more robust” than the previous version, which dates back to 1992. [CFO]
For better or worse, career progression in public accounting is tied to performance reviews.
Sponsored: The Evolving Accounting Education: A Conversation with University of Scranton Professor Doug Boyle
Today we welcome Dr. Douglas Boyle, Chairperson and Associate Professor of the University of Scranton Accounting Department.
Sponsored: This San Francisco Accounting Firm Is Celebrating Its 40th Anniversary by Taking Its People to Hawaii0 1,565
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