Apple Computer Inc. still hasn’t filed its annual report with the Securities and Exchange Commission, saying that it is still investigating the backdating of stock options. Apple needs to restate some historical financial statements to record additional compensation expense, and […]

Today Jeffrey Skilling, the 53-year-old former CEO of [tag]Enron[/tag], reported to [tag]prison[/tag] in Waseca, Minnesota. He begins his sentence of 24 years and 4 months in a low-security Federal Correctional Institution. Skilling’s conviction includes federal charges of [tag]fraud[/tag], [tag]conspiracy[/tag], and […]

Did you know that under the Sarbanes-Oxley Act of 2002, each registered public accounting firm providing audit report for more than 100 companies (issuers) must undergo an annual Public Company Accounting Oversight Board (PCAOB) inspection? The PCAOB examines selected financial […]

ViAnna Jordan is seeking to unseat criminal and Milwaukee Common Council member Michael McGee (Jackson). ViAnna’s supporters circulated petitions for a recall of McGee/Jackson. McGee/Jackson signed one of those petitions, and is now claiming that he was told it was […]

A group of so-called community leaders have come out publicly to defend Michael McGee (Jackson), Milwaukee criminal and city council member. They claim he is very involved in the community, and that should overshadow his criminal behavior, which includes: Perjury […]

Jospeh Stromei, a Milwaukee police officer who was fired because of his involvement in the Frank Jude Jr. beating case, has admitted to a federal judge that he lied to investigators and during the trial. At a hearing for Stromei’s […]

Home Depot, one of the many companies involved in the “options backdating scandal,” has announced that the company has been routinely backdating options for its executives since 1981. An internal investigation revealed that this practice went on from 1981 until […]

A class action suit against AllianceBernstein LP (formerly known as Alliance Capital Management LP) has been dismissed by a federal judge, and she has ordered the plaintiffs to pay the attorneys’ fees. She also said it would be appropriate for […]

Milwaukee Alderman Michael McGee Jackson is the target of a recall effort, led by ViAnna Jordan. It seems that her supporters are busy getting the word out as evidenced by some recent comments on this blog. The comments include: “As […]

I was recently interviewed for an article in Financial Executive Magazine. The article contained comments from a variety of executives, educators and consultants. We were asked to speculate on the future of financial reporting and the finance function in corporations. […]