SOXexchange

New Accounting Guidance for Earnings-per-share

EPS is always important...especially when the rules change.  The speed at which accounting guidance is being issued amazes me.  I can't keep up.

Anti-Fraud Guidelines Issued

This would be fun reading,.. for those with insomnia (me).

PwC Sees Revenue Recognition Snags in IFRS

IFRS has me worried for our clients, particularly those in software.  Here are some observations from companies who have converted.

KPMG: Risk Management Tops Audit Committee Agendas

I thought this study was noteworthy.

SEC and PCAOB Guidance Aids SOX Compliance

Well...the results are out, AS5 has helped companies rebalance their work according to this article.  We have definitely seen the improvements for our clients.

IFRS Date to Be Proposed, Sort Of

For those holding their breathe to hop onto the IFRS conversion, the SEC will confirm a date to mandate IFRS within 2 years.

Women Urged to Strive for More Leadership at Firms

This article has great tips for women rising in the professional world. 

Sloppy Spreadsheets

Beng accountants, we work with spreadsheets alot.  I saw this CFO.com article on the 'worst practices' for spreadsheets and had to smile when I read the reader comments.

SOX ROX

For years now, I have been looking for a SOX tool that gives me visibility, easy reporting, data security, is cost effective, is scalable, and doesn't require an IT dept to support.  There are SOX tools out there, but they have their limitations or you pay $50K for the license and $100K to implement it.  For our clients, that's not an option.

I have hired people to build a tool in Access. That didn't scale. I have hired people to build a tool with Apache/mySQL/whatever-other-open-source-code.  That didn't work.

I was desperate and decided to build a tool using the Salesforce.com platform. I've tested the tool with CNET and noticed at least a 10% decrease in hours.  I attribute the decrease to better workflow management and no rework due to version control issues.  The workpapers also look so much more organized and consistent compared to when we used Excel.  Better access control. 

I'm really proud of our efforts, considering I don't have a software development background and taught myself to build the tool using Salesforce.com for Dummies.  The next stage is to launch this baby.

All Sides Warm to IFRS as Global Standard

It looks like the train for International Financial Reporting Standards is gaining speed according to this article.  I must admit I have been sitting on the sidelines waiting to see the tipping point before I invest significant brain cells to IFRS.