Oracle’s lawsuit woes go on

First lawsuit against Google, then with HP; now an ex employee. Oracle lost the first two lawsuits, question is would third time be a charm! Svetlana Blackburn, a senior finance manager at Oracle has filed a whistleblower lawsuit against the company alleging that she...

Goodwill accounting made easier

Recently FASB announced that Private entities could chose to account for Goodwill in a simpler manner. Instead of doing an impairment test every year to get to the value of Goodwill (which is what Public companies need to do), private companies can chose to amortize...

Unauthorized release!

What really happened today?  As the news goes, apparently RR Donnelly relased Google’s 8K (earnings release) at 12:30 PM EST instead of the expected time of 4:30PM EST  “without authorization”. Among key highlights of the unfinished...

Is there enough competition?

After the major meltdown of the banks in Europe, the industry that has come under scrutiny almost as much as financial institutions is the audit industry. Had the auditor’s done their job well, the meltdown could have been avoided. This actually can be said of...

Who is a whistleblower?

A recent case , Spinner vs Lawson, extended the definition of the whisteblower under Section 806 of SOX. According to the ruling in the case, not only public company employees but also the contractors or sub contractors of the public company could be whistleblower and...