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Can This Relationship Be Saved?

Auditors and CFOs aren't the friends they once were, but they are working out their differences.

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Networking, education, and information for finance executives.

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Today in Finance May 9, 2008

Bank Gives Up on Lost Money, Reassigns CFO

Willow Financial Bancorp has spent five months and $2 million to investigate why its books are off balance by $6.2 million. It still doesn't have the answers.

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New Video from CFO.com

How to Be a Great Presenter How to Be a Great Presenter video icon

Tim Koegel, author of The Exceptional Presenter, explains how everything is a critical presentation, and how to improve your skills.

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Features

  • Audit Board Finds Fault with BDO Seidman

    The accounting firm should have done more work to support its audit opinions for five of its clients, according to the PCAOB. May 8, 2008

  • Baby Boomer Brain Drain Looms

    More companies are hatching plans to compensate for the impending crush of retirements by senior executives. Will they be able to put a dent in a potentially ruinous problem? May 7, 2008

  • Congress Probes SEC's Role in Credit Crisis

    Former SEC chairmen say the current U.S. regulatory system needs to be modernized, and that the commission needs more money to keep up with its responsibilities. May 7, 2008

  • Patents under Pressure

    The battle over business-method patents heads to court in what may be a landmark decision. May 1, 2008

  • White House Picks Paredes for SEC

    The law professor, 37, is the Administration's choice as the Republican to replace the departing Paul Atkins. May 6, 2008

  • Auditor Angst

    Want faster, cheaper audits? Your auditor humbly suggests you avoid last-minute data dumps and other less-than-helpful practices. May 1, 2008

  • REIT Tax Rule Could Help in a Downturn

    Cryptic rule may give REIT shareholders a dividend without nixing the tax deduction for the trust. May 6, 2008

  • Fair Value Rule Triggers $800 Million Loss

    American Capital explains the fair value hit to investors in its latest regulatory filing. May 7, 2008

  • How Far Can Fair Value Go?

    An SEC committee hopes standard-setters will hold off on extending mark-to-market accounting to the assets and liabilities that rules don't yet cover. May 6, 2008

  • Putting the Dimmer on Bright Lines

    Members of an SEC committee believe eliminating threshold tests will help their goal of allowing more judgment in financial reporting. May 5, 2008

  • CFOs on the Move: Week Ending May 9

    Sprint Nextel, iRobot, Autodesk, Thor Industries, Model N, AmericasBank, Blue Holdings, Artes Medical, Outdoor Channel, EMS Technologies, Blue Nile, RailAmerica, Total, Aer Lingus, Mayr-Melnhof Karton, Pearl. May 8, 2008

  • Courting Disaster

    Confusion over 401(k) plan fees is triggering lawsuits and congressional inquiries. What can plan sponsors do to head off trouble? May 1, 2008

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- Fed board of governors member Susan Bies

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