A week ago I was trading blog posts with David Rachford about accoun­tants marketing their profes­sional services using MySpace. The discussion had resulted in both of us signing up with the mega-popular site in an effort to under­stand the potential oppor­tu­nities. Results are still out on that avenue, but out of the Web 2.0 ether, […]

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The Inter­na­tional Accounting Standards Board (IASB) has announced they won’t be issuing any new standards or major amend­ments to existing standards with effective dates before January 1^st, 2009, in order to give companies reporting under the standards a bit of a breather to get their house in order. Word around the accountant blogos­phere has been tentatively […]

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Brocade Commu­ni­ca­tions Systems has become the first company to be formally inves­ti­gated by the SEC regarding the recent options backdating issue. According to the SEC’s complaint document, which names three former execu­tives of the company as plain­tiffs, from 2000 through 2004 the company inflated net income by under­stating their options-related expense through fraud­ulent schemes to […]

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The results were out this morning at 10am, and I passed! Congrat­u­la­tions to Krupo as well! We’re repre­senting the CA student blogosphere well.

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Enron burst into flames around January 2002. I was just starting my second semester at Brock University in the esteemed Bachelor of Accounting program when the Houston-based company went down. What did this mean to a 19-year-old Canadian accounting student with no share holdings and no knowledge of the energy trading giant from Texas? Actually, a […]

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