I stumbled across this story through digg and it seemed pretty well supported even though it hasn’t been covered in the mainstream media at all yet. The Bush admin­is­tration appears to be planning for a Mexico-USA-Canada “super corridor” to bypass a couple unions. The new road will allow containers from the Far East to enter […]

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Posting may be infre­quent over the next few weeks as I focus on the School of Accoun­tancy, which started yesterday and doesn’t end until July 4. It’s being held at York University’s Keele Campus in North York (Toronto). It consists of classes every day, two practice exams this Friday and the following Friday, and the […]

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The Financial Accounting Standards Board and the American Institute of CPAs have announced a joint project whose aim is to seek “constituent feedback on proposed enhance­ments to the FASB’s standard-setting proce­dures that would determine whether the Board should consider differ­ences in accounting standards for private companies.” This is the classic conundrum commonly known to those […]

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The SEC has announced it’s going to be including companies’ external auditors in their inves­ti­gation into options timing abuses commonly known as backdating. Author­ities were said to be looking at what auditors knew about company manip­u­lation of options’ grant dates and exercise prices to boost their value to execu­tives who got them. About 30 companies […]

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US public company Ferro Corp. said in a May 18 SEC filing that KPMG’s audit report on their 2004 and 2003 state­ments were not adverse or even qualified reports. One wonders why they would go out of their way to make the claim. Anyway, KPMG submitted a statement to the SEC yesterday that their audit report […]

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