Accounting News

Friday, May 18, 2007
404 Audit Costs Down

Financial Executives International (FEI) has issued their yearly survey of audit costs for the 404 section of Sarbanes-Oxley. They report that average billing for audits was $2.9 million in 2006. This is a reduction of 23 percent from 2005. FEI attributes the reduction in costs to auditing efficiencies. The companies reported that internal time on the audits has dropped 10%.

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Accounting News

Friday, May 11, 2007
Accounting Red Tape

Are accounting rules hurting Canadian pensioners? According to Bank of Canada Governor David Dodge the answer is yes. He thinks that cumbersome laws are discouraging companies from offering defined-benefit pensions plans. It is these plans that give workers a steady retirement income. The problem is individuals are often to conservative to make the risky investments that would benefit their retirement accounts.

Accounting News

Thursday, May 3, 2007
Accounting Aisle Launches News

Today the Accounting Aisle launched the news section of their website. The website will now provide news updates on accounts, accounting, CPAs and bookkepping.

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