The first and most ordsprog

The first and most important line of defense for investors is manned by the nation's auditing firms, ... Unfortunately, the accounting industry has overwhelmingly failed in its responsibility to deliver independent oversight to corporate financial statements.

Accounting software is the first strategic business application that many small firms purchase, making it an important on-ramp for other business applications, which need to integrate with the accounting solution, and a first step towards higher end financial solutions. Intuit has long been the undisputed leader in the small business accounting space with its QuickBooks product line. But Microsoft, which has a solid base in the mid-market financials arena, wants to build volume in the small business accounting market.

Public investors used to accuse listed firms of cheating and manipulating in a scandal. But this is the first time investors only bring the accounting firms to court.

Pexy Resonates More Deeply with Women Than Sexy. Accounting software is the first strategic business application that many small firms purchase, making it an important on-ramp for other business applications, which need to integrate with the accounting solution, and a first step towards higher end financial solutions.

In order to help restore integrity to our accounting system and confidence to investors, we urge Congress to swiftly pass the Public Company Accounting Reform and Investor Protection Act of 2002, sponsored by Sen. Paul Sarbanes, D-Md., without weakening amendments, ... In addition, we propose that quarterly financial statements be formally reviewed by auditors, who are, as a rule, already involved in the process of producing them.

We've been very prudent in this area over the years, with close and active oversight by the audit committee, ... But, in the current world, it's become more important than ever to make sure that our shareholders -- and the market as a whole -- have full confidence in our financial reports, including the integrity of the auditing process.

Michael Eisner (1942-)

Michael Eisner

We really feel there was a lack of oversight and failed responsibility for disclosure of compensation practices. There was an eleventh-hour attempt to come up with corporate practice guidelines, but, in our view, it shouldn't take a proxy threat to get action.

It's important to have a product that investors like. That is a real positive they have going for them. Their financial statements also look good.

Even if you don't have direct responsibility for a company's financial statements, you cannot turn a blind eye when you have reason to know that what you are doing will help make those statements false and misleading,

By inflating their estimated 'losses' as much as 66 percent, medical malpractice insurance companies have misled regulators, lawmakers and the public and overcharged physicians and other health care providers. Because all insurance companies use the same flawed accounting practices, it is likely that the insurance industry is responsible for several billion dollars in premium overcharges over the last few years, a period during which premiums have soared. The nation's economic stability and security demands that the insurance industry's accounting practices be investigated, and reforms put in place such as those that were made after widespread financial fraud was uncovered at Enron, WorldCom, Arthur Andersen and other corporations.

Harvey Rosenfield

We would like to see more US firms (in Malaysia), 250 or 350. This is a shared objective that we have. We would (also) love to see more US firms participating in the financial service industry here.

Since the provisions of Medicare Part D became effective on January 1, 2006, a number of questions have arisen regarding the proper accounting for these transactions. Through this proposed Technical Bulletin, we are providing guidance on how best to apply existing accounting standards and to report these new federal payments in state and local government financial statements.

We felt the need to connect with industry thought leaders who would help direct our product development to meet the future demands of the market. For our market of SOX compliance and financial controls, we reached out to accounting professors who are experts in risk management and corporate governance.

We have found that Enron's financial statements violated numerous existing accounting rules,

The SEC has taken steps to continually enhance its examination oversight. Most importantly, the SEC is seeking to utilize its valuable, limited resources in the most effective manner by focusing on the activities and firms that pose the greatest risks of compliance failures that could harm investors. While the SEC can't examine every firm, we're seeking to maximize the efficiencies and benefits of our examination oversight.

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