Taking Back Our Words
How do we assure the use of the word “audit”?
Continuing the series on hopes I had for XBRL: “using technology to make clearer and differentiate the role of the auditor and the role of management.”
Eric Cohen's Blog
The Case for “Sticky” Assurance
Twenty-one years ago, the U.S. Securities and Exchange Commission began the first of a series of “Internet Securities Fraud Sweeps”[1], bringing enforcement actions against individuals and companies across the United States for committing fraud over the Internet and deceiving investors around the world. The SEC’s Cyber Fraud website[2], set up as part of those sweeps and last updated in 2011, sounds as relevant today as it was then – especially when applied to cryptocurrencies.
Why Can’t Documents Be Secure, Like Databases?
Continuing the series on changing the business reporting supply chain, and the goals I sought to achieve leveraging XBRL that have not come to fruition during XBRL’s first 20 years, I come to this item from the August 18 blog, “Security methods, including selective encryption, for selective unfolding of single documents to different stakeholders – one version of the truth.”
Slipped DISC - #9 Goal Not Yet Achieved
Continuing the series on ten areas I had hoped XBRL would help.
We are officially in the 20th anniversary month for XBRL. On October 14, 1999, we (then known as XFRML rather than XBRL) kicked off at the AICPA offices in New York. Two weeks later, at the Palmer House Hilton in Chicago, committees were set up and the effort was underway.
We Need the Legal Entity Identifier
I attended a Global Legal Entity Identifier Foundation (GLEIF)/Data Coalition event on October
24: “GLEIF Washington Forum: Accelerating into a Digital Future: Simplifying Entity
Identification for the Digital Age”. If you are unfamiliar with the LEI, this is what GLEIF says
about LEI:
Tomorrow’s Audit Opinion – Confidence, Confidence Game or Confidence Levels?
The audit opinion is largely perceived as black and white, go and no-go. But most decision makers understand that waiting for black and white confidence may give you information too late. American political and retired four-star general Colin Powell is noted in decision-making circles as remarking that a decision made after having 70% confidence means the window of opportunity has already started to close.
Chartered Professional Accountants of Canada (CPA Canada), one of the largest national accounting organizations in the world, has chosen to become a founding partner of ThinkTwenty20.
