Accounting News 07/2007 (Page 2)

Investors ignore accounting scandals (Market Watch)

SAN DIEGO (MarketWatch) -- Face it: Nobody cares much about accounting scandals anymore. Proof is the stock market's reaction (or lack, thereof) to the continuing saga surrounding "accounting irregularities" at International Rectifier, a Wall Street favorite and stalwart among technology companies. (Jul 8, 2007)

Former Brocade chief may escape conviction in stock options case (International Herald Tribune)

Deciding whether to dismiss a criminal case against Gregory Reyes, the former chief executive of Brocade Communications, a judge repeatedly asked government lawyers to show proof that Reyes understood accounting rules about stock option grants or handled them recklessly. (Jul 9, 2007)

Awards honor memory of two students (Louisville Courier-Journal)

Kyle Nauert will study nursing and physical therapy at Bellarmine University this year, and Anita Smith will study accounting at Georgetown College. The students, along with eight other Louisville-area graduates, won a renewable $5,000 scholarship from the Jamie and Cory Foundation that enabled them to attend their college of choice. (Jul 9, 2007)

Award-Winning Accounting Firm Clark Nuber Hires DialPro Northwest to Design and Install Speech Attendant System for ... (Business Wire via Yahoo! Finance)

SEATTLE----DialPro Northwest, a leading provider of enterprise voice messaging and unified communications systems, today announced that it has been awarded a contract by accounting firm Clark Nuber for a voice-enabled telephone attendant system to automatically route and handle calls corporate wide. (Jul 9, 2007)

Connecticut Gov Vetoes GAAP Bill (WebCPA)

Hartford, Conn. (July 9, 2007) - Connecticut Governor Jodi Rell vetoed a bill passed by the state legislature that would have allowed Connecticut to set its own accounting standards to balance the budget. (Jul 9, 2007)

New EU financial support to be made available in 2007 (di-ve)

VALLETTA, Malta (di-ve news)--July 9, 2007 -- 1700CEST-- Following the adoption of the 2007 Work Programme for the new Preparatory Action Solidarity in Action, two call for proposals, accounting for a total of 14.000.000 ?, are being launched on Monday for actions in the areas of return of illegal immigrants, employment of returnees, information on immigration and reception challenges. (Jul 9, 2007)

Arkansas firm buys Raleigh accounting concern (Triangle Business Journal)

Lynch & Howard, a 28-employee accounting firm based in Raleigh, has been purchased by Arkansas' Moore Stephens Frost. (Jul 9, 2007)

LexisNexis Acquires Juris, Inc., Cementing its Leadership in the Time, Billing, and Accounting Software Market (Business Wire via Yahoo! Finance)

NEW YORK & NASHVILLE, Tenn.----LexisNexis today announced it has acquired Nashville-based Juris, Inc., the leading provider of time, billing, and accounting software for mid-sized law firms. (Jul 9, 2007)

Another LI accounting firm to merge (Newsday)

Accounting mergers show no sign of a let-up on Long Island. The latest company with the urge to merge is Melville-based Marcum & Kliegman, which Monday announced that it had signed a letter of intent to buy CBIZ/Mayer Hoffman McCann in Manhattan. (Jul 9, 2007)

Unhealthy Truckers Try to Shape Up (Washington Post)

GREEN BAY, Wis. -- Truck drivers _ the people who deliver our food, cars and clothing _ have one of the most dangerous jobs in America _ accounting for nearly 15 percent of U.S. work-related deaths. And that's only counting the accidents. (Jul 9, 2007)

Unhealthy truckers try to shape up (AP via Yahoo! News)

Truck drivers — the people who deliver our food, cars and clothing — have one of the most dangerous jobs in America — accounting for nearly 15 percent of U.S. work-related deaths. And that's only counting the accidents. (Jul 9, 2007)

'Enron accounting practices' play into school funding (Mesabi Daily News)

The Bill Hanna articles recapping the past legislative session have been interesting and insightful, especially regarding the “behind the scenes” dynamics that drove the outcomes of legislation, both harmful and helpful to our area. (Jul 10, 2007)

Unhealthy truckers try to shape up (Provo Daily Herald)

Truck drivers -- the people who deliver our food, cars and clothing -- have one of the most dangerous jobs in America -- accounting for nearly 15 percent of U.S. work-related deaths. And that's only counting the accidents. They are also more at risk than average Americans for a number of health problems. (Jul 10, 2007)

Costco Accounting Exec Exercises Options (AP via Yahoo! Finance)

The principal accounting officer of discount retailer Costco Wholesale Corp. exercised options for 7,500 shares of common stock, according to a Securities and Exchange Commission filing. (Jul 10, 2007)

P2 Energy Solutions Is Revealed as a Leading Global Vendor of Hydrocarbon Accounting Solutions by 'Energy Insights' (An ... (PR Newswire via Yahoo! Finance)

Energy Insights' Industry Short List for Hydrocarbon Accounting report ranks P2 Energy Solutions as a leading supplier of hydrocarbon accounting solutions in terms of 'fit-to-market'. (Jul 10, 2007)

Rethink is urged over accounting proposals (Financial Times)

International and US accounting standard setters should rethink their goal of converging the two systems into a single global code, a leading accounting regulator has said. (Jul 10, 2007)

CFOs Weigh Accounting Grads' Universities (WebCPA)

Menlo Park, Ca. (July 11, 2007) - Chief financial officers are split on the importance of an accounting graduate’s university when evaluating a candidate for an entry-level job, says a new survey. (Jul 11, 2007)

Accounting error forced Antioch's hand (Dayton Daily News)

YELLOW SPRINGS — Accounting irregularities in Antioch University finances discovered by a recently hired chief financial officer led to Antioch College's projected $10 million deficit, which forced the board of trustees' decision to close the college in July 2008. (Jul 11, 2007)

Private equity ready to target miners: report (Reuters via Yahoo! News)

Private equity corporate raiders who have so far sidestepped the mining sector despite widespread consolidation, could soon reset their sights, global accounting and consulting firm Ernst & Young said on Wednesday. (Jul 11, 2007)

Apollo Group Names Accounting Chief (AP via Yahoo! Finance)

Apollo Group Inc., a for-profit education provider that runs the University of Phoenix, on Wednesday said it named Brian Swartz as senior vice president, finance and chief accounting officer. (Jul 11, 2007)

DepositNow!(TM) Receives Innovation Award for Simplifying Small Business Accounting (ThomasNet)

LAS VEGAS, June 12 // -- DepositNow!, the groundbreaking system that lets businesses make bank deposits online and updates their QuickBooks records at the same time, has been honored with a Tax & Accounting Technology Innovation Award for its time-saving contributions in small business accounting. The awards are presented by The CPA Technology Advisor, the leading technology magazine for ... (Jul 11, 2007)

CruiseCam International Appoints New Accounting Team (SYS-CON Media)

CruiseCam International Inc. (PINKSHEETS: CCMJ), a leading developer of vehicle video integrated technology for law enforcement and motor sports applications, announced today that it has appointed Christopher Genung and Charles Smith, to lead its new accounting team. (Jul 11, 2007)

Does Accounting Grad's Alma Mater Matter (SmartPros Accounting)

July 11, 2007 (SmartPros) The university a new accounting graduate attended can catch an employer's attention, but it may not guarantee a job offer, according to a new Accountemps survey. (Jul 11, 2007)

Apollo Group Names Accounting Chief (AP via Yahoo! Finance)

EU lauds GAAP, IFRS accounting standards convergence (Sharewatch)

BRUSSELS (Thomson Financial) - The European Commission said it pleased about the progress made by the US, Japan and Canada in bringing GAAP accounting standards used in those countries closer to IFRS, which is used in the 27 member state bloc. (Jul 12, 2007)

(AFX UK Focus) 2007-07-12 11:37 GMT: EU to reform company law, accounting, auditing; calls for stakeholders' views (Interactive Investor)

BRUSSELS (Thomson Financial) - The European Commission is seeking advice from industry players to reform EU company law, accounting and auditing procedures, and has invited interested parties to comment on the proposals by mid-October. (Jul 12, 2007)

Malaysia charges 3 in Transmile accounting fraud case (Kyodo via Yahoo! Asia News)

_ The founder and former chief executive officer of air cargo carrier Transmile Group Bhd. was among three people charged in court Thursday for their roles in one of Malaysia's biggest accounting fraud cases in recent years. (Jul 12, 2007)

Large, mid-scale firms to adopt new accounting standards (China Daily)

China's central-level State-Owned Enterprises (SOEs) and large to mid-scale companies will all adopt China's new accounting standards that comply with the International Financial Reporting Standards (IFRS) by the end of 2009. (Jul 12, 2007)

Aplia Announces New Homework Solution for Accounting Students (PR Newswire via Yahoo! Finance)

Aplia, an online homework system that improves learning by increasing student effort, engagement, and course preparation, is excited to announce its new solution for accounting. This homework system will become Aplia's fourth discipline, following economics, finance, and business statistics. (Jul 12, 2007)

Research and Markets: Ideal Reference for Law Firm Accounting and Financial Management Issues (Business Wire via Yahoo! Finance)

DUBLIN, Ireland----Research and Markets has announced the addition of "Law Firm Accounting and Financial Management" to their offering. (Jul 12, 2007)

Malaysia charges 3 in Transmile accounting fraud case (Japan Today)

KUALA LUMPUR — The founder and former chief executive officer of air cargo carrier Transmile Group Bhd was among three people charged in court Thursday for their roles in one of Malaysia's biggest accounting fraud cases in recent years. (Jul 12, 2007)

EU lauds China's progress towards accounting standards convergence (China Economic Net)

The European Commission on Thursday praised China's progress towards accounting standards convergence. China's new Accounting Standard for Business Enterprises (ASBE) is a positive step, said the commission in a report to the European Parliament and the European Securities Committee. (Jul 13, 2007)

Law, Tax and Accounting – Allen Barron Inc. Says Integration Is The Key To Success (PRWeb)

Law, Tax and Accounting – Allen Barron Inc. ( http://www.allenbarron.com ) Says Integration Is The Key To Success. Janathan Allen and her business partner Richard Barron decided to join forces to create a company as well as a vision for effectively and efficiently meeting the needs of businesses of all sizes; a company that would address business related solutions from both a legal and ... (Jul 13, 2007)

Lansing schools gets outside accounting help (Lansing State Journal)

Lansing School District recently paid an outside firm $28,660 to clean up an accounting mess left unresolved during the transition to new administrators. (Jul 13, 2007)

Accounting convergence on track says EU (Accountancy Age)

Moves to achieve convergence between international accounting standards and their US equivalents are making progress, Charlie McCreevy said yesterday. (Jul 13, 2007)

Accounting convergence on track says EU (vnunet.com)

AccountancyAge.com, Accountancy Age , Friday 13 July 2007 at 00:00:00 Progress being made to iron out differences between EU, US Japanese and Canadian standards according to McCreevy Moves to achieve convergence between international accounting standards and their US equivalents are making progress, Charlie McCreevy said yesterday. The EU Internal Market Commissioner said the agreed ... (Jul 13, 2007)

Accounting convergence on track says EU (Addict 3D)

AccountancyAge.com, Accountancy Age , Friday 13 July 2007 at 00:00:00 Progress being made to iron out differences between EU, US Japanese andCanadian standards according to McCreevy Moves to achieve convergence between international accounting standards and their US equivalents are making progress, Charlie McCreevy said yesterday. (Jul 13, 2007)

McCreevy accounting proposal welcomed (Ireland Business World)

The Institute of Chartered Accountants in Ireland (ICAI) has welcomed the publication by Internal Market Commissioner, Charlie McCreevy, of proposals to simplify accounting, auditing and corporate governance rules for smaller companies. (Jul 13, 2007)

Grad receives top accounting award (Salem Statesman Journal)

Corban College business graduate Andrew Bertz has been awarded the Oregon Society of Certified Public Accountants' Top Accounting Student Award for 2007. (Jul 13, 2007)

Outsource Partners International and Trinity Industries Recognized by FAO Research for Finance and Accounting ... (Business Wire via Yahoo! Finance)

LOS ANGELES----Outsource Partners International, Inc. , a leading professional services firm dedicated solely to finance and accounting outsourcing, announced today that its partnership with Trinity Industries has been recognized by FAO Research for its distinguished use of best practices and thought leadership. (Jul 13, 2007)

Law, Tax and Accounting – Allen Barron Inc. Says Integration Is The Key To Success (PRWeb via Yahoo! News)

Law, Tax and Accounting – Allen Barron Inc. (http://www.allenbarron.com) Says Integration Is The Key To Success. Janathan Allen and her business partner Richard Barron decided to join forces to create a company as well as a vision for effectively and efficiently meeting the needs of businesses of all sizes; a company that would address business related solutions from both a legal and ... (Jul 13, 2007)

Find the best accounting software (CNN Money)

No entrepreneur wants to waste money on accounting software that promises more than it delivers. To research the choices available to your venture, check out these sites, recommended by Kate Spontak, who advises company owners on this subject as president of MKS Consulting in Ridgefield Park, N.J. (Jul 13, 2007)

Solve 5 top accounting annoyances (CNN Money)

Kate Spontak, president of MKS Consulting (mksconsults.com) in Ridgefield Park, N.J. gets an earful from disgusted clients every day. They gripe to her if the accounting software they just paid an arm and leg for is nothing but a pain in, well, some other body part. (Jul 13, 2007)

Blackstone’s creative accounting scrutinized (MSNBC)

In an unusual accounting move, executives at Blackstone Group LP will get back a big chunk of the taxes they owe on multibillion-dollar profits from the private equity firm’s recent public stock offering. (Jul 13, 2007)

EU Lauds China's Progress Towards Accounting Standards Convergence (SmartPros Accounting)

BRUSSELS, July 16, 2007 (Xinhua Economic News) The European Commission on Thursday praised China's progress towards accounting standards convergence. (Jul 14, 2007)

Finance, Accounting and Consultancy (Mondaq)

The Ontario Superior Court has found that a successful restructuring under the CCAA was ground upon which the debtor’s bankruptcy could be annulled. (Jul 15, 2007)

Report: Order to secure state data issued 2 months before theft (Port Clinton News Herald)

COLUMBUS — State employees had been ordered to remove thousands of Social Security numbers from a new payroll and accounting system two months before a computer backup tape containing the personal data was stolen from an intern, a newspaper reported today. (Jul 15, 2007)

EU Proposes Simplifying Company Accounting Laws, (Tax-News.com)

The European Commission last Thursday put forward measures which would simplify the business environment for EU companies in the areas of company law, accounting and auditing. (Jul 16, 2007)

Researcher develops tool for investors to spot accounting fraud (BizJournals)

Just as the wave of corporate accounting scandals from earlier this decade begins to fade in investors' collective memories, new research gives investors and auditors a tool to more easily predict potential accounting fraud. (Jul 16, 2007)

South Africa: New Accounting Guide for Fund Surpluses (AllAfrica.com)

NEW guidelines released last week by the International Financial Reporting Interpretations Committee (Ifric) are intended to standardise accounting practice on pension fund surpluses and minimise funding requirements. (Jul 16, 2007)

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