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SmartPros Accounting News & Insights May 15, 2012   Home | Member Services | News | Resource Library | Career Center | Professional Education | Marketplace | Investor Relations

IN THIS ISSUE Newsline: Chesapeake May Have Big Undisclosed Liability Op/Ed: Bring Audits Up To Expectations CPE: SEC's Enforcement Agenda: Trends and Top Concerns Book Pick: Auditing Cloud Computing: A Security and Privacy Guide Web version | Archive & subscriptions | Email us  NEWSLINE Chesapeake May Have Big Undisclosed Liability Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability. Also in the News: Yahoo CEO Scott Thompson Stepping Down SEC Chief Says Regulators "Focused" on JPMorgan SEC: Company Paid for Kilpatrick Trips SEC Charges 11 in 2 Stock-Selling Cases Victims of Tax Refund Theft Turn to Lawmakers for Help   OP/ED: EDITORIAL Bring Audits Up To Expectations If the public expects an audit to do more than it does, then the auditing process itself had better be revised and improved to meet public expectations.   ONLINE CPE NEW CPE FROM FMN ONLINE SEC's Enforcement Agenda: Trends and Top Concerns An essential part of regulating the capital markets in general, and the stock market in particular, involves vigorous enforcement of securities laws. Marta Alfonso, a principal at the accounting firm of MBAF, examines the recent compliance trends, as well as the top concerns of SEC regulators, in connection with financial statement and accounting fraud. Take this class  BOOK PICK Auditing Cloud Computing: A Security and Privacy Guide Many organizations are reporting or projecting a significant cost savings through the use of cloud computing—utilizing shared computing resources to provide ubiquitous access for organizations and end users. Just as many organizations, however, are expressing concern with security and privacy issues for their organization's data in the "cloud." Auditing Cloud Computing provides necessary guidance to build a proper audit to ensure operational integrity and customer data protection, among other aspects, are addressed for cloud based resources. Buy this book

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