Moreover, accounting experts whose opinions I know and trust have suggested that the next wave of accounting inquiries may involve fair value accounting for assets and liabilities.

FORBES: Accounting Fraud Cases Are Dead. Long Live Accounting Fraud Cases.

He will also have to deal with subprime-linked lawsuits and a regulatory investigation of Merrill's accounting for illiquid assets.

ECONOMIST: Investment banking

The Powershares ETF is very well-diversified with the Top 10 holdings only accounting for about 25% of the funds assets.

FORBES: Technology Dividends To Look Forward to in 2012

Even those banks that are in good shape may want to hold back amid uncertainty over capital-adequacy requirements and accounting rules for off-balance-sheet assets.

ECONOMIST: Credit in America

But the numbers were complicated by a dizzying array of accounting gains and losses for tax credits and devaluation of European assets.

NPR: General Motors Posts $898M 4Q Net Profit

At present, the American industry still dwarfs all others, accounting for over half of the world's mutual-fund assets.

ECONOMIST: A survey of fund management

Developers are a big chunk of the economy-accounting for 33% of total investment in China's fixed assets last year.

FORBES: Revolution by Block

Foreign banks have long targeted China as a key market for future growth, but they are still niche players, accounting for less than 2% of the banking sector's total assets, according to the KPMG report.

WSJ: Foreign Banks in China Rev Profit Engines