Month: October 2018

Lessons on Auditing from Carillion’s Collapse

By Russ Banham CFO magazine If past is prologue, U.K. accounting regulators may want to take a hard look at the great American business tragedy known as Enron. In 2002, the scandalous collapse of the energy company caused the demise of one of the Big Five audit firms, Arthur Andersen, resulting in the Sarbanes-Oxley Act’s stern reforms…. Read more »

Can We Bear the Cost: The Planet Is Warming. How Can We Prepare?

By Russ Banham Leader’s Edge It’s one thing to read about raging wildfires in California and quite another to experience the possibility of such a catastrophe. In early August, our secondary home in Idyllwild, a small town nestled in the San Jacinto mountains, was imperiled by the Cranston fire, just one of the many wildfires… Read more »

This Deep Learning Technology Is Redefining Ad Integrity

By Russ Banham Perspectives In the pre-social media era, marketers had a good idea about how many times consumers saw their corporate logo and other brand images. Then, around 2010, after social media sites took off, millions of people could see a company’s logo, unbeknownst to the organization. That was both good and bad news…. Read more »

Meet Rose, the One-of-a-Kind Chatbot of the Future

By Russ Banham Perspectives magazine Her name is Rose, and she is exactly the kind of person one would expect to handle customer queries at The Cosmopolitan of Las Vegas, a hotel known for its decadent tag line, “Just the right amount of wrong.” Listening to Rose speak, she conjures images that seem to align… Read more »

Critical audit matters coming into focus

By Russ Banham Journal of Accountancy As auditors prepare for a new auditing standard requiring the disclosure of critical audit matters (CAMs) in their reports, they are traveling in uncharted territory and contemplating new information that they will be providing to investors. The new auditing standard AS 3101, The Auditor’s Report on an Audit of Financial Statements… Read more »