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Poll Archive

1. Given the recent large profile financial frauds (MF Global, Stanford Financial, LIBOR manipulation), do you believe auditors should do more testing to detect fraud even if it would result in increased audit fees?

Yes (9)  69%
No (4)  31%

Posted from 8/2/12 to 2/5/13

 

What are your thoughts regarding the Dodd-Frank Bill?

It should be fully implemented. (6)  24%
It should be implemented with slight revisions. (4)  16%
It should be implemented, but with major revisions. (6)  24%
It should be repealed in its entirety. (9)  36%

Posted from 5/24/12 – 8/2/12

 

The Financial Accounting Foundation recently concluded that FIN 48 has resulted in improved consistency and reporting of income tax uncertainties, and the benefits to investors generally outweigh the costs to preparers of applying the standard. Do you agree?

Yes (9)  35%
No (17)  65%

Posted from 3/21/12 – 5/23/12

 

Do you think that accounting standards for private companies should be set by a board independent of the FASB?

Yes (22)  52%
No (20)  48%

Posted from 1/9/11 – 3/21/12

 

For substantially all long-term leases, the Financial Accounting Standards Board (FASB) has proposed recording a right-to-use asset and the associated liability on the balance sheet. Are you in support of this proposed change?

Yes (27)
 48%
No (29)
 52%

 Posted from 10/15/11 – 1/9/12

 

The Financial Accounting Foundation announced the formation of a Trustee Working Group to address accounting standard setting for non-public entities. Do you believe the establishment of separate standards for non-public companies is a good thing?

Yes (47)
 73%
No (17)
 27%

Posted from 8/1/11 – 10/14/11