J2 Global Communications Trying to Hide Accounting Errors

J2 Global Communications (NasdaqGS: JCOM ), better known as eFax, is under fire. Yesterday, Sam Antar tore into the company for an accounting gimmick that the company (and its auditors) had to know was wrong. The issue involves revenue and deferred revenue. In the 10-Q for the first quarter of …

Should Big 4 Audit Firms Release Their Financial Statements?

A few months ago,  a committee advising Treasury Secretary Henry Paulson on the “state of auditing” recommended that Big 4 audit firms be required to submit audited financial statements to the Public Company Company Accounting Oversight Board (PCAOB). It’s suggested that the firms be required to report their financials in …