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D.C. Blitzes School Records Mess
The District government is spending $2 million to scan, catalogue and index an estimated 4.6 million records related to school system employees as part of an effort to address accounting problems that could threaten the city's overall fiscal health. (Wed, 22 Aug 2007 04:42:46 GMT)
(AFX UK Focus) 2007-08-22 09:07 GMT: UK smallcap opening - Corporate Services slides on unit's accounting problems
LONDON (Thomson Financial) - Corporate Services slid 1.10 to 5.80 pence after the company warned that current expectations from its Comensura unit are substantially diminished as a result of accounting problems and, therefore, the flotation this unit is now unlikely in the short term. (Wed, 22 Aug 2007 08:36:25 GMT)
DCAP Group, Inc. Appoints Victor Brodsky as Its Chief Accounting Officer
HEWLETT, N.Y.----DCAP Group, Inc. , the largest chain of independent storefront insurance agencies in the Northeast, announced today it has appointed Victor Brodsky as its Chief Accounting Officer. (Wed, 22 Aug 2007 14:00:00 GMT)
Thomson Tax & Accounting Announces Strategic Partnership With Orbitax to Add its Planning/Analysis Tools to Checkpoint ...
NEW YORK, Aug. 22 /PRNewswire-FirstCall/ -- Thomson Tax&Accounting, a business segment of The Thomson Corporation ( Nachrichten ) (NYSE: TOC; TSX: TOC), has formed an exclusive partnership with Orbitax to offer a comprehensive solution called International Tax Expert powered by Orbitax for processing complex international tax issues. (Wed, 22 Aug 2007 14:13:39 GMT)
Bean counters wanted: Compliance issues keep accounting firms scrambling
They may not compete for the same clients, but whatever their size, Ottawa's accounting firms are fighting tooth and nail for one hot commodity – staff. (Wed, 22 Aug 2007 20:36:32 GMT)
BNA Launches New Tax and Accounting Center
Aug. 23, 2007 (SmartPros) BNA has launched the BNA Tax and Accounting Center, a resource that brings together all of BNA's tax and accounting content on a single Web site. (Thu, 23 Aug 2007 02:25:07 GMT)
ARE INTERNATIONAL ACCOUNTANCY BODIES STIFLING THE ACCOUNTING PROFESSION IN AFRICA ?
The essential development of relevant accounting expertise in countries such as Nigeria, Ghana and Sierra Leone is in danger of being compromised because of the inability of local professional accounting Institutes to compete effectively with international accountancy bodies in indigenous markets for training and education.... (Thu, 23 Aug 2007 12:21:21 GMT)
Fair value accounting a 'bubble-blowing' model
Two influential academics have slated fair value accounting as a 'bubble-blowing accounting model' that has contributed to the recent market crash and credit crunch. (Thu, 23 Aug 2007 13:22:35 GMT)
SENIOR LECTURER IN FINANCIAL ACCOUNTING (TWO POSTS)
The Department of Accountancy, Finance and Information Systems is seeking to appoint two Senior Lecturers in Financial Accounting (equivalent to Associate Professor in North America) to make a significant research and teaching contribution and to supervise research students. (Thu, 23 Aug 2007 13:36:21 GMT)
NexVue Information Systems to Develop Finance and Accounting System for Newly Created Olympus Power
STAMFORD, Conn., Aug. 23, 2007 -- NexVue Information Systems , a leading provider of financial and operational business solutions for small and mid-market companies in the tri-state area, today announced an agreement to install, implement and support a new finance and accounting system for Olympus Power, LLC. (Thu, 23 Aug 2007 13:39:40 GMT)
Vernon Richardson Named Chair of UA Accounting Department
The Sam M. Walton College of Business at the University of Arkansas says Vernon J. Richardson had been appointed chair of the department of accounting. (Thu, 23 Aug 2007 16:11:09 GMT)
Time to shine light on corporate accounting around the world
SANTA MONICA, Calif. (MarketWatch) -- If you thought the ways in which corporations reported to shareholders before now was murky, just wait. (Fri, 24 Aug 2007 04:04:37 GMT)
SEC Chief Accountant Adds Three Accounting Fellows
Washington, D.C. (Aug. 24, 2007) - The Office of the Chief Accountant at the Securities and Exchange Commission has chosen three professional accounting fellows who will be working with the office for two-year terms starting this fall. (Fri, 24 Aug 2007 04:10:26 GMT)
Time to shine light on corporate accounting around the world
Time to shine light on corporate accounting around the world (Fri, 24 Aug 2007 07:09:20 GMT)
BioFuel Energy's Accounting Firm Resigns
BioFuel Energy Corp. said Friday Deloitte & Touche LLP resigned as the company's independent registered public accounting firm. (Fri, 24 Aug 2007 12:09:51 GMT)
Practical Accountant Recognizes 34 Accounting Firms as Practice Innovators
Practical Accountant, a SourceMedia publication, has awarded Practice Innovation Awards to 34 public accounting firms. (Fri, 24 Aug 2007 13:00:00 GMT)
Regions Financial Corporation Names Brad Kimbrough Controller & Chief Accounting Officer
BIRMINGHAM, Ala.----Regions Financial Corporation today announced that Brad Kimbrough, 43, has been named controller and chief accounting officer. Kimbrough adds the role of controller and chief accounting officer to his current duties managing financial reporting, accounting policy, monthly close-out, and accounting operations. (Fri, 24 Aug 2007 15:04:00 GMT)
Sen. Schumer urges Big 4 on mortgage accounting
U.S. Senator Charles Schumer has asked the big accounting firms what steps they are taking to inform investors holding securitized mortgage assets that they can modify home loans and refinance them, according to a letter obtained by Reuters on Friday. (Fri, 24 Aug 2007 19:26:03 GMT)
Schumer questions accounting firms
Senator presses firms to give mortgage info to investors. (Fri, 24 Aug 2007 19:31:29 GMT)
Lotterman: Poor accounting prompts poor public spending choices
Government accounting is peculiar, to say the least. It confuses people about spending on new roads, bridges and navy ships. It also distorts citizen perceptions of the state of government finances. The problem is that while various levels of government (Sat, 25 Aug 2007 06:11:54 GMT)
Japan communications minister hit by accounting scandal ahead of Cabinet reshuffle
TOKYO (AP):_ Japanese Prime Minister Shinzo Abe's beleaguered government was hit by another scandal Saturday, as local media accused a Cabinet minister of accounting irregularities. (Sat, 25 Aug 2007 10:14:08 GMT)
Minister Suga facing questions about accounting practices
_ Political bodies linked to Internal Affairs and Communications Minister Yoshihide Suga were found Saturday to have engaged in questionable accounting practices. (Sat, 25 Aug 2007 10:19:06 GMT)
Pia seeks accounting of DOH’s P300-M share of ‘sin taxes’
Sen. Pia Cayetano called on the Department of Finance and concerned agencies to provide an accounting of the P300-million share of the health department from the collection of sin taxes imposed on cigarette and alcoholic drinks since Republic Act 9334 was passed two years ago. (Sat, 25 Aug 2007 19:28:42 GMT)
Rowan roundup: Food Lion names VP of financial planning, investment analysis
Maria Lowder has been named vice president of financial planning and investment analysis for Food Lion. In this new role, she will report to Carol Herndon, executive vice president of Accounting and Analysis and Information Technology. (Sun, 26 Aug 2007 06:33:17 GMT)
For the record
Correction: Because of an editing error, a headline in Thursday's Globe NorthWest misidentified the town where the accounting company Moody, Famiglietti & Andronico is based. It is in Tewksbury. (Sun, 26 Aug 2007 10:13:16 GMT)
Accounting professor shortages are a looming problem
Anthony Catanach had already enjoyed a long, not to mention highly profitable, career in accounting by the time he decided to give teaching a try. (Mon, 27 Aug 2007 05:08:40 GMT)
Demain remains strong for accounting recruits
Local colleges and universities have produced significantly more accounting majors in recent years. But because of the additional workload created by the Sarbanes-Oxley Act regulations, the supply of entry-level talent has yet to catch up to the demand of large accounting firms -- particularly the voracious appetite of the Big Four. (Mon, 27 Aug 2007 05:09:20 GMT)
SEC Selects Accounting Fellows
Aug. 27, 2007 (SmartPros) The Securities and Exchange Commission's Office of the Chief Accountant has selected three professional accounting fellows for two-year terms beginning this fall. (Mon, 27 Aug 2007 05:29:22 GMT)
Finance, Accounting and Consultancy
In this issue, we look at changing attitudes to outside investment with the listing of Slater & Gordon. We also examine how to protect your firm from the loss of a key partner, and other topical issues. (Mon, 27 Aug 2007 08:23:52 GMT)
Sales, accounting should be a team
Q. I manage the sales force for a local company. As you can imagine, the pressure is intense and the stakes are high. If our team doesn't produce, our company can't meet payroll.The accounting manager doesn't seem to get this. He acts as if accounting time frames are a supreme law of the universe. When we need a small amount of bend in the rules I get double-talk. (Mon, 27 Aug 2007 10:04:06 GMT)
IBM Gets $17.8M Contract
International Business Machines Corp. said Monday it received a 13 million euros contract from the Danish Agricultural Advisory Service to support the organization's farm accounting software. (Mon, 27 Aug 2007 12:57:51 GMT)
Parliament passes bill to set up Accounting Standards Council
SINGAPORE : Parliament has passed a bill to set up the Accounting Standards Council. This replaces the Council on Corporate Disclosure and Governance in issuing accounting standards that apply to both corporate and non-corporate organisations. (Mon, 27 Aug 2007 13:27:38 GMT)
Microsoft Office Accounting and Microsoft Office Live Team Up With City of Miami to Help Students and Entrepreneurs
Microsoft ® Office Accounting ( http://www.ideawins.com ), financial management software for small businesses, and Microsoft Office Live ( http://www.officelive.com ), a Web-based service for small businesses, are teaming up with the City of Miami to provide free Office Accounting Express software and Web site training for small businesses, college professionals and budding entrepreneurs during ... (Mon, 27 Aug 2007 14:16:04 GMT)
Accounting Management Solutions Ranked Among Fastest-Growing Private Companies for Second Year by Inc. Magazine
Accounting Management Solutions, Inc., New England's leading provider of outsourced accounting, financial management, and recruiting services, has been named one of the fastest-growing private companies in the United States by Inc. magazine for the second consecutive year. (Mon, 27 Aug 2007 14:53:00 GMT)
Microsoft Office Accounting and Microsoft Office Live Team Up With City of Miami to Help Students and Entrepreneurs
Free software giveaway, free Web site training to take place at the Economic Business Seminar as part of the ACCESS MIAMI initiative. Who: Microsoft(R) Office Accounting ( http://www.ideawins.com ), financial management software for small businesses, and Microsoft Office Live ( http://www.officelive.com ), a Web-based service for small businesses, are teaming up with the City of Miami to provide ... (Mon, 27 Aug 2007 17:38:48 GMT)
Refco Litigation Trusts File Lawsuit On Behalf of Foreign Exchange Customers Against Legal and Accounting Advisers
NEW YORK, Aug. 27, 2007 -- The Refco Litigation Trusts announced today that they have filed a lawsuit in New York on behalf of 75 Foreign Exchange customers charging that Refco Inc.'s legal and accounting advisers knowingly assisted corrupt Refco insiders in looting customer assets deposited with Refco. (Mon, 27 Aug 2007 21:48:33 GMT)
City accounting system upgrade may cost millions
Toledo City Council received a briefing yesterday on a proposed $8 million to $10 million upgrade of the city's financial accounting system that, if purchased, will put even more burden on the city's strained capital improvements budget. (Tue, 28 Aug 2007 09:21:29 GMT)
City accounting system upgrade may cost millions
Toledo City Council received a briefing yesterday on a proposed $8 million to $10 million upgrade of the city's financial accounting system that, if purchased, will put even more burden on the city's strained capital improvements budget. (Tue, 28 Aug 2007 09:21:29 GMT)
Anaren Completes Final Review of Accounting Errors at its China Subsidiary
Anaren, Inc. today reported that it has completed its final review of the accounting errors resulting from control deficiencies found at its China subsidiary previously disclosed by the Company on July 2, 2007. (Tue, 28 Aug 2007 20:13:00 GMT)
Anaren Completes Final Review of Accounting Errors at its China Subsidiary
SYRACUSE, N.Y. Aug. 28 /PRNewswire-FirstCall/ -- Anaren, ( Nachrichten ) Inc. today reported that it has completed its final review of the accounting errors resulting from control deficiencies found at its China subsidiary previously disclosed by the Company on July 2, 2007. The accounting errors, which were caused by unapproved and undetected changes in procedures over accounting for the ... (Tue, 28 Aug 2007 20:25:56 GMT)
Firefighters, plagued by heart attacks, get fitness challenge
Cardiac failure is the No. 1 killer of firefighters, accounting for close to half of the line-of-duty deaths in the past four years, according to the U.S. Fire Administration. The National Volunteer Fire Council and fire departments across the USA are joining forces to try to change that. (Wed, 29 Aug 2007 04:10:29 GMT)
Taking a closer look at Wi-LAN's patent accounting
Reading Wi-LAN's financial statements is almost as fun as perusing the mind-numbing patents it owns and trades in. That goes some way to explaining why the stock is down so much lately. (Wed, 29 Aug 2007 10:12:01 GMT)
Taking a closer look at Wi-LAN's patent accounting
Just how much are they worth? (Wed, 29 Aug 2007 10:22:57 GMT)
Joy Global 3Q Profit Declines
Mining equipment company Joy Global Inc. said Wednesday its fiscal third-quarter profit slid 61 percent, as the prior year included a hefty accounting gain. (Wed, 29 Aug 2007 11:34:06 GMT)
Outsource Partners International Named the #1 Finance and Accounting Outsourcing (FAO) Vendor for Middle-Market ...
LOS ANGELES----Outsource Partners International, Inc. , a leading professional services firm dedicated entirely to the provision of finance, accounting, and tax outsourcing, announced today that it has been selected as the #1 Finance and Accounting Outsourcing Vendor for Middle-Market Companies for the second consecutive year, and also has been chosen for distinction among the 2007 Top Ten ... (Wed, 29 Aug 2007 13:00:00 GMT)
Education A lesson in investing
As British universities step up efforts to plump up their endowment funds, British university students are stepping up the pressure for an accounting of how those funds are being invested. (Wed, 29 Aug 2007 14:11:35 GMT)
Balance Sheet: For auditors, is this the way the world ends?
A little-noticed legal judgment against Seidman, the No. 5 accounting firm, has ominous echoes for all the big international auditors. (Wed, 29 Aug 2007 14:15:37 GMT)
Accounting Expert Simplifies Key Element in Sub-prime Mortgage Crisis
John D. Rossi, III, CPA, associate professor of accounting at Moravian College can explain the complex situation including special accounting standards in relative non-technical terms and point out a key element missing in the media coverage of the crisis. (Wed, 29 Aug 2007 16:20:22 GMT)
Audit rips CeaseFire's accounting, management, effectiveness
An audit released today of the CeaseFire violence-prevention program is critical of the group's accounting and administration, saying it took too long to start up programs, executed contracts for work that had already been performed and can't adequately account for more than $371,000. (Wed, 29 Aug 2007 18:54:41 GMT)
Audit Focuses On Ceasefire Accounting Practices
The City of Peoria has agreed to have the Peoria Citizens Committee on Economic Opportunity (PCCEO) run the anti-crime program Ceasefire. But a state audit released today is critical of CeaseFire accounting practices. (Wed, 29 Aug 2007 20:47:48 GMT)
Brazilian atrocities published
A first-ever detailed accounting of atrocities committed during Brazil's 21-year military dictatorship has been published by the current government. (Thu, 30 Aug 2007 05:44:04 GMT)
Dell Returns From Hell
PC pusher to report results after coming clean about accounting problems. (Thu, 30 Aug 2007 10:13:46 GMT)
FAIR VALUE ACCOUNTING AND THE PRESENT VALUE FALLACY: THE NEED FOR AN ALTERNATIVE CONCEPTUAL FRAMEWORK
The major functions of company accounting identified by the IASB and the FASB are (1) reporting on ‘the custody and safekeeping’ of the company's resources and (2) reporting on ‘their efficient and profitable use’. (Thu, 30 Aug 2007 11:36:21 GMT)
Smith, Schafer acquires Edina accounting firm
A Rochester accounting firm -- Smith, Schafer & Associates -- extended its reach earlier this month by acquiring an Edina business. On Aug. 1., Smith, Schafer & Ass (Thu, 30 Aug 2007 14:16:26 GMT)
Lawyer fees accounting ordered
Three Central Kentucky lawyers accused of stealing tens of millions of dollars from their clients in a lawsuit over the diet drug combination fen-phen may soon have to start accounting for that money. (Thu, 30 Aug 2007 16:15:38 GMT)
IBC Announces Change of Accounting Firms
LAREDO, Texas----International Bancshares Corporation today reported that on August 24, 2007 the Audit Committee of the Board of Directors of International Bancshares Corporation , with the approval of the Board of Directors, dismissed KPMG, LLP as the registered accounting firm for the Company. (Thu, 30 Aug 2007 21:23:00 GMT)
Accounting For Human Error
Spend all you want on security technology. Employees will still be your weak links. (Thu, 30 Aug 2007 22:43:40 GMT)
Report: Global executions on rise
More people were put to death last year — 5,628 — than in either of the previous two years, with China alone accounting for 5,000 executions, an anti-death penalty group reported Thursday. (Fri, 31 Aug 2007 01:43:29 GMT)
54% of Accounting Students Admit to Cheating
Aug. 31, 2007 (SmartPros) Accounting majors are just as likely to cheat in college as other business students, according to a new study. (Fri, 31 Aug 2007 04:41:05 GMT)
BT Extends $257m Accounting Deal with Xansa
Outsourcing services vendor Xansa has won a six-year, 128m-pound ($257m) contract extension with telecoms operator BT Group to provide finance and accounting services. (Fri, 31 Aug 2007 06:02:51 GMT)
CEO of chip maker is put on leave
International Rectifier Corp., an El Segundo-based chip maker, said Thursday that Chief Executive Alex Lidow had been placed on paid leave pending completion of an internal investigation into accounting irregularities. (Fri, 31 Aug 2007 13:33:07 GMT)
Accounting Expert Simplifies Key Element in Sub-Prime Mortgage Crisis
What a difference a year has made in the state of sub-prime mortgages and the financial mess the economy faces as a result. John D. Rossi, III, associate professor of accounting at Moravian College can explain the complex situation including special accounting standards in relative non-technical terms and point out a key element missing in the media coverage of the crisis. (Fri, 31 Aug 2007 18:10:00 GMT)
Accounting For Human Error
Spend all you want on security technology. Employees will still be your weak links. (Fri, 31 Aug 2007 19:12:52 GMT)
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