• Losses and Changes at Merge Technologies

    Merge Technologies went from a $9.6 million profit in the third quarter of 2005, to a $10.8 million loss in the same period this year. The dramatic swing is related to a drop in sales from $35 million to $14 […]

  • Audit Firms Suggesting Companies Be Required to Have Forensic Audits

    The six biggest accounting firms in the United States have suggested that companies should be forced to submit to forensic audits every three to five years. These types of engagements would be aimed at finding fraud. The six firms include […]

  • More Pictures of Post-Hurricane New Orleans

    Here is a follow-up to last week’s post on my visit to New Orleans and my tour of hurricane-damaged areas. These two are pictures of the levees being rebuilt:

  • Computer Associates Ex-Executive Sentenced to Prison

    Sanjay Kumar, the former chief executive of Computer Associates International (now called CA Inc.) has been sentenced to 12 years in prison and fined $8 million for his guilty plea to charges of securities fraud and obstruction of justice. Prosecutors […]

  • Pictures of Post-Katrina New Orleans

    In late September, I visited New Orleans and took a tour of the hurricane-damaged areas. Specifically, we visited one of the hardest-hit areas, the Ninth Ward and Lower Ninth Ward. These are just a few of the pictures that I […]

  • Richard Hatch of “Survivor” fame gets prison sentence

    The first winner of the popular reality television show “Survivor” was sentenced to 51 months in prison for his conviction on tax evasion charges. Richard Hatch, 45, was convicted in January of failing to pay taxes on the $1 million […]

  • The IRS Is Using Outside Debt Collectors

    Starting in September, the IRS is contracting with outside debt collectors to go after delinquent taxpayers. The American Jobs Creation Act of 2004 authorized the IRS to contract with private firms to do this work. The three firms currently under […]