Filed in archive markets
by leon on May 07, 2008
It's been a bad bad week for Swiss bank UBS.First it announces it's on the way to cutting 5500 jobs after losing $11 billion in the first quarter as a result of the US subprime crisis. Most...
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Filed in archive Ethics
by leon on May 06, 2008
Whether it's because of cigarettes, or binge drinking or pollution, it's often blamed on the big corporations.Now a group of academics at City University of New York and University of...
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Filed in archive Accounting
by leon on May 06, 2008
I have always talked about Sarbanes-Oxley being a gold-mine for accountants. So big a gold-mine that accountants seem to be recession-proof.That might explain the latest data showing that accounting...
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Directors pay is going up, according to a new study from the Corporate Library.Directors' pay has gone up 12 per cent and the explanation given is that it's because of the increased workload....
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Filed in archive SOX
by leon on May 05, 2008
Turning into a whistleblower is a fraught decision. Once it happens, you can expect some form of retaliation. Many would say doing the right thing is not necessarily the right thing to do in terms of...
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Filed in archive markets
by leon on May 03, 2008
No substance has held as much allure over the centuries as gold. And that allure still seems to hold with gold prices going up to as much as $1000 an ounce in March. The price has dropped back...
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Filed in archive risk
by leon on May 02, 2008
Phishing. E-bank theft. Spoofing. Botnets.All terms describing different forms of cybercrime. Some good details in this piece of research from Stan Kratchman, Jacob Smith and L. Murphy Smith from the...
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Filed in archive SOX
by leon on May 02, 2008
Average compliance with Sarbanes-Oxley has now hit $1.7 million for big companies with average annual revenues of $4.7 billion. And while compliance costs are actually slipping, that hasn't...
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Siemens earnings are sliding, down 67 per cent, because of project delays, cancellations and costs flowing the bribery investigation.Siemens latest woes coincide with a report from international law...
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Filed in archive Accounting
by leon on May 01, 2008
Here's a warning to all audit firms: the Public Company Accounting Oversight Board has signalled that it will target securitized mortgage loans and collateralized debt offerings when it inspects...
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