Advanced Issues in Financial Statement Analysis
While legislation in the wake of high-profile fraud cases has reduced the occurrence of financial fraud, many companies still use what are called “creative accounting techniques” to improve their appearance and more easily secure financing, much to the chagrin of B2B vendors…[More]

Pay-if-Paid Provisions Lose Big in Nevada Supreme Court
With the construction sector struggling as the U.S. real estate market deflates, the onus placed on measures enabling contractors and subcontractors to get paid has strengthened. Around the country, the triggering of mechanic’s liens has been on the rise and that trend is expected to continue into the foreseeable future. In line with that inclination, other payment resolution gambles will also likely garner greater attention as well…[More]

SEC Urged to Increase Awareness of XBRL Among Preparers
The Center for Audit Quality (CAQ) recently urged the Securities and Exchange Commission (SEC) to increase awareness of the eXtensible Business Reporting Language (XBRL) among financial statement preparers and auditors across the nation. The letter came as a response to the SEC’s proposed release, Interactive Data to Improve Financial Reporting, which sought comment on the subject of interactive data filing systems like XBRL… [More]

How Now Global Dow
All eyes are on the global stage. The world’s economies are changing, and more and more profitable opportunities are blooming in new and exciting markets. Not to be caught flat-footed, Rupert Murdoch, chairman and chief executive, News Corporation, has announced two initiatives to cash in on the increasing need for international investment information… [More]

Treasury Sanctions Mexican Companies Tied to Cartel Operator
The U.S. Department of the Treasury recently named 14 companies and 17 individuals with whom American companies can no longer conduct business due to their ties to drug trafficking kingpin Rigoberto Gaxiola Medina. Each of the designated companies and individuals are based in Mexico and are now subject to the economic sanctions pursuant to the Foreign Narcotics Kingpin Designation Act, which applies financial measures against significant narcotics traffickers worldwide. Since June 2000, more than 300 businesses and individuals associated with 75 separate kingpins have been designated… [More]