News

Sarbanes-Oxley costs dropped a whopping 41% with outside audit spending related to 404 compliance down 5.4%. But a spike in external audit fees resulted in an overall increase in all accounting costs for the year

A phased implementation of XBRL is imminent, and the largest U.S. companies may take the plunge first

Alliance One International Inc., the $2 billion leaf tobacco merchant with headquarters in Morrisville, N.C., has appointed Robert A. Sheets as executive vice president and CFO

The Public Company Accounting Oversight Board (PCAOB) has approved two proposals designed to clarify possible conflicts of interest between a public auditing firm and a potential client by increasing transparency

The globalization of business sourcing and outsourcing has raised the bar when it comes to supply chain risks. Nearly 75% of 110 risk managers surveyed by Marsh Inc. reported higher supply chain risk levels since 2005, while 71% reported increased costs as a result of unexpected disruptions during those years

U.S. companies are prepared to settle for lower investment returns in exchange for reduced risk on short-term investments, according to a recent survey of 293 global CFOs, treasurers and assistant treasurers by Greenwich Associates