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Company News
2003 | 2002 | 2001
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| December 31, 2001 |
Stafford Consulting Alert: Mark Cheffers quoted regarding Andersen's future as a result of Enron's problems. |
| December 5, 2001 |
USA Today: Mark Cheffers quoted regarding the SEC's warning against the misuse of pro-forma earnings. |
| December 1, 2001 |
Chicago Tribune: Mark Cheffers quoted regarding Andersen's problems as a result of their involvement in Enron. |
| December 2001 |
India Times: Mark Cheffers quoted regarding accountant's liability. |
| November 7, 2001 |
Reuters | CNETNews.com: Mark Cheffers quoted regarding Andersen's role in the demise of Enron. |
| November 1, 2001 |
Mark Cheffers quoted by Reuters regarding "Andersen's Handling of Enron." |
| October 18, 2001 |
Accounting Today states that AccountingMalpractice.com is a site that "provides CPAs with the latest information and tools to help them reduce their exposure to accounting malpractice claims." |
| October 1, 2001 |
October issue of the Practical Accountant quotes Mark Cheffers, CEO of AccountingMalpractice.com, regarding 21 tips for managing risk. |
| August 15, 2001 |
Industry Standard: Mark Cheffers quoted regarding the new treatment of Goodwill and its affects on companies' earnings. |
| August 12, 2001 |
NPR: Mark Cheffers discusses the problem when an auditor provides both audit and non-audit services. |
| June 5, 2001 |
AccountingMalpractice.com is a featured resource in AccountingWeb's Weekly Resource Guide. The site and its products are further discussed in an article at http://www.accountingweb.com/item/48206. |
| June 2001 |
The Practical Accountant features an AccountingMalpractice.com study in an article "Bankruptcies Speeding Up." |
| May 26, 2001 |
AccountingMalpractice.com is featured in an article by Reuters. The article entitled "Web site Prescribes Remedy for Accounting Maladies." The article described the products and services offered by the site and how they address liability issues such as the widening expectation gap. The article concluded that "As angry shareholders are more and more prone to sue accounting firms, a new site ... Is offering these companies a variety of information to protect themselves." |
| May 22, 2001 |
CFO.com: Mark Cheffers discussion with Dow Jones regarding the new rules on the treatment of Goodwill. |
| May 22, 2001 |
Mark Cheffers, CEO of AccountingMalpractice.com, is quoted in the National Post (formerly The Financial Post). The article, entitled "New Rules could force Cisco into writedowns: Goodwill hunting," discussed the effect of the new FASB regulations regarding writing of goodwill. Mr. Cheffers opined that "Given that Cisco expects to report a relatively weak fourth quarter, the company might decide to throw in the writedowns even before the FASB rule goes into effect, cleaning the books in hopeful preparation for an improved fiscal 2002." |
| May 17, 2001 |
AccountingMalpractice.com's study of publicly traded companies featured on The Electronic Accountant's Newswire in an article titled "CPAs Vulnerable When Large Companies Fail." |
| May 16, 2001 |
AccountingMalpractice.com released the latest findings of a study of the 282 publicly traded companies with more than $50 million in assets that filed for bankruptcy during the period of 1996-2000. The study revealed that, despite operating during a period of economic prosperity and a marked decline in business bankruptcies, the bigger companies were failing more often and more quickly than ever before. The study was prepared in support of a Risk and Resource Report on "Assessing Going-Concern" considerations in financial reporting for accounting firms. Concerning exposure to accountants, the quicker failures have the potential to cause a great number of lawsuits against accounting firms who do not enhance their procedures to identify these circumstances. Mark Cheffers noted, "Our research has shown that the most significant exposure facing a CPA practitioner is the failure to identify and conduct himself properly during a quick failure circumstance. In almost all such circumstances, the CPA will get sued." |
| May 14, 2001 |
Mark Cheffers, CEO of AccountingMalpractice.com, is quoted in the Business Technology section of U.S. News & World Report. The article, titled "Uncooking the Books - Some companies may want earnings to look as bad as possible" discusses how companies are taking excessive write-downs now so that they can show improving earnings in the future. Mr. Cheffers noted, "It seems that write-downs are excessive. If you can believe it, there's a tendency to get greedy on the downside as well." |
| May 3, 2001 |
Mark Cheffers, CEO of AccountingMalpractice.com, is quoted in the Wall Street Journal. The article, titled "New Disclosure Rules Become an Issue for Raytheon" discusses the effect of the new disclosure rules of the SEC related to the amount of non-audit fees companies are paying their auditors. In its latest proxy statement Raytheon indicated that it paid its auditor $51 million in fees last year with only $3 million representing audit fees. Concerning the effect on any litigation brought against the accountants Mr. Cheffers remarked, "You can't expect a jury to believe that such a disparity... doesn't matter." |
| May 2001 |
CPArunner, another of IVES Inc.'s sites is featured in the Net Tools section of the Tech Bulletin of The Practical Accountant's May issue. The article indicates that CPArunner "takes a good stab at the title" of the Web-Entry portal for the profession. |
| April 27, 2001 |
Mark Cheffers, CEO of AccountingMalpractice.com, is quoted in the Wall Street Journal. The article, titled "Tech Companies Charge Now, May Profit Later" covers earnings management in tech companies attributable to the write-down of excess inventory. |
| April 2, 2001 |
AccountingMalpractice.com receives the Web Star of the Week award from Electronic Accountant. |
| April 2001 |
AccountingMalpractice.com is a featured Net Tool in the Tech Bulletin section of The Practical Accountant. |
| March 15, 2001 |
AccountingMalpractice.com publishes Challenges for the Next Decade: A Primer on Accounting Malpractice and its Prevention, authored by Mark Cheffers and Jeff Bourassa. |
| March 1, 2001 |
AccountingMalpractice.com opens its doors and starts beta testing.
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