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]
Get Between the Spreadsheets with us.
No time for another typical newsletter? It's not exactly news, and it's definitely not typical. Just check out our archive.
Let's talk our favorite topic: money!
9 Sep 2014 | In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
10 Sep 2014 | Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
24 Sep 2014 | Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell.
Comp Watch '14
Accountants Behaving Badly Accounting jobs AICPA Auditors BDO Big 4 Brits Busy season Career advice CFOs China Compensation CPA Exam CPAs Deloitte Ernst & Young FASB Footnotes Fraud Grant Thornton Grover Norquist IASB IFRS Interns IRS Job of the Day KPMG Lawsuits Layoffs Lehman Brothers McGladrey NASBA Need a job? Partners PCAOB Politics Promotions Public Accounting PwC Quote of the Day Raises or Lack Thereof Rumors SEC Small Business Studying for the CPA exam Tax cuts Taxes Tax policy Technology Twitter