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PALO ALTO / Charity says worker stole $350,000
An employee at Lucile Packard Foundation for Children's Health stole $350,000 from the charity over a five-year period, the foundation's president said Friday. Officials discovered, about six weeks after an accounting employee quit at the end of June, that... (Sat, 22 Sep 2007 07:30:12 GMT)
Jackson achieves victory in lawsuit against New Line
London, September 22 (ANI): Filmmaker Peter Jackson achieved a victory in his legal battle against New Line Cinema over the accounting of 'The Lord of the Rings' films, when a US federal magistrate hit the studio with 125,000 dollars in sanction for failing to produce potential evidence. The amount is intended to reimburse Jackson's attorneys for some of their costs in pursuing the ... (Sat, 22 Sep 2007 11:30:20 GMT)
Financial woes jeopardize area hospitals
Nearly two dozen are at risk. Losing even a few would mean greater strain on the region's healthcare network. Nearly two dozen private hospitals in Los Angeles and Orange counties, accounting for up to 15% of beds in the region, are in dire financial straits and in danger of bankruptcy or closure, according to hospital administrators, industry experts and state data. (Sun, 23 Sep 2007 07:28:59 GMT)
Newark firm hires Licking Valley grad
NEWARK -- Wilson, Shannon & Snow recently announced the addition of Ryan J. Frenton to its audit staff. Frenton, of Newark, graduated from Ohio State University in August with a bachelor's degree in business administration and a major in accounting. (Sun, 23 Sep 2007 11:06:57 GMT)
Executive moves
Executives in accounting, advertising, finance, high tech and new media, law and real estate have all found new digs. Check out the new faces in key places. (Sun, 23 Sep 2007 11:09:21 GMT)
Dealers smarting over Ace miscues
News of Ace Hardware Corp.'s $154-million accounting snafu — just days after management announced its desire to convert from a cooperative to a corporate structure — hit Ace dealer John Purcell like a sledgehammer. "I was almost dumbfounded," says Mr. Purcell, who owns Ace outlets in ... (Sun, 23 Sep 2007 12:28:52 GMT)
NEWSMAKERS Sept. 23, 2007
- Audrey Thomas to first vice president of accounting and control. Thomas has has more than18 years of experience with BancorpSouth. A native of Pontotoc, she received a bachelor's degree from the University of Mississippi in computer science. (Sun, 23 Sep 2007 13:31:08 GMT)
Taking accounting to global level
ENHANCING the independence of audit committees (ACs) and having mandatory internal audit requirements would increase investor confidence in Malaysian public listed companies (PLCs). (Mon, 24 Sep 2007 00:08:17 GMT)
Firms scramble for top accounting students
With accounting firms scraping for talent, the new accounting grad and would-be CPA is in an enviable position. (Mon, 24 Sep 2007 04:48:17 GMT)
Accounting jobs in Central Ohio plentiful for top-level graduates
Central Ohio financial professionals are in the money. Recent graduates with strong grade point averages can expect to enter the market with a strong salary and the sky's the limit for financial professionals with a few years' experience. (Mon, 24 Sep 2007 04:48:56 GMT)
Crude Steel Dominates the French Steel Market, Accounting for 61.2% of Production Volumes
DUBLIN, Ireland----Research and Markets has announced the addition of "Analyzing the French Steel Industry" to their offering. (Mon, 24 Sep 2007 09:42:00 GMT)
Prosecutor wants Inter and Milan execs tried
Massimo Moratti and Adriano Galliani may stand trial for possible false accounting (Mon, 24 Sep 2007 12:52:41 GMT)
DialPro Northwest Designs Award Winning Speech Automated Attendant System for Accounting Firm Clark Nuber
SEATTLE----DialPro Northwest, a leading provider of enterprise voice messaging and unified communications systems, today announced that it designed and installed the speech automated attendant system used by accounting firm Clark Nuber in its winning project for the 2007 Practical Accountant "Practice Innovation Award." (Mon, 24 Sep 2007 13:00:00 GMT)
H&R Block to Replace Audit Firm
Tax and accounting service provider H&R Block Inc. said Monday it will replace its independent auditor KPMG LLP. It expects to name a replacement soon. (Mon, 24 Sep 2007 13:40:42 GMT)
Investment Management Platform optimizes data access.
Acting as global investment management, reporting, and accounting platform, Geneva® v7.0 offers access to real-time data while promoting operational efficiency by bridging needs of front, middle, and back offices. Global instrument coverage, full financial general ledger, and integration tools enable firms to manage multiple locations, complex investment vehicles, multiple investment strategies, ... (Mon, 24 Sep 2007 13:46:42 GMT)
Chiquita adds board member
The board of directors for Chiquita Brands International Inc. has increased its size to eight from seven, and added a member with extensive accounting experience. (Mon, 24 Sep 2007 14:06:29 GMT)
Inter, Milan execs urged to stand trial
A Milan prosecutor has asked a judge to order the vice presidents of soccer clubs Inter Milan and AC Milan to stand trial for possible false accounting. (Mon, 24 Sep 2007 14:10:12 GMT)
Flint native was accounting 'giant'
CHICAGO - Sidney Davidson's influence on the University of Chicago and the accounting world still can be felt, despite his retirement almost a decade ago. (Mon, 24 Sep 2007 15:39:03 GMT)
OP accounting firm changes name
Accounting firm Marks Nelson Vohland Campbell LLC added Radetic to its name Monday to reflect the contribution of partner Mark Radetic. (Mon, 24 Sep 2007 19:22:40 GMT)
Accounting Assistant
Job Description: KWQC-TV6, the number #1 station for news in the Quad Cities, is looking an experienced Accounting Assistant to work in the KWQC-TV6 Business Office. This position will assist the Business Manager with accounts payable, accounts receivable, and other misc. office duties. (Mon, 24 Sep 2007 19:58:36 GMT)
AC Milan and Inter Milan vice-presidents could face trial for false accounting
MILAN, Italy - Prosecutors investigating player transfers between Milan's two Serie A clubs sought indictments Monday against senior AC Milan and Inter Milan officials on charges of false accounting. (Tue, 25 Sep 2007 00:43:00 GMT)
County keeps accounting firm despite possible conflict of interest
Some commissioners say a pair of contributions the accounting firm made to the county's hospitality fund are troubling. (Tue, 25 Sep 2007 04:42:41 GMT)
Finance, Accounting and Consultancy
Uncovering Improper Foreign Financial Practices, by Neal Hochberg, Senior Managing Director in FTI’s Forensic and Litigation Consulting segment and leader of the Investigations & Forensic Accounting practice, first appeared in Directors&Boards Boardroom Briefing , Summer 2007. (Tue, 25 Sep 2007 10:18:01 GMT)
COMSYS Names Amy Bobbitt as Chief Accounting Officer and Brian Westphal as Senior Vice President of Customer Service
HOUSTON----COMSYS IT Partners, Inc. , a leading information technology and professional staffing services company, announced today that it has named Amy Bobbitt to the newly created position of Senior Vice President and Chief Accounting Officer and Brian Westphal as its new Senior Vice President of Customer Service. (Tue, 25 Sep 2007 11:00:00 GMT)
Italian football clubs in false accounting probe
Italian football officials of AC Milan and Inter Milan could stand trial for allegations relating to false accounting. (Tue, 25 Sep 2007 12:38:23 GMT)
Albuquerque Public Schools accounting director on leave after 'pointing out wrongdoing'
Another department within Albuquerque Public Schools is in turmoil, with its director removed from office, an audit started and a grievance lawsuit filed. (Tue, 25 Sep 2007 14:07:46 GMT)
EDS pays nearly $500,000 to settle accounting case with SEC
PLANO, Texas (AP) - Electronic Data Systems will pay nearly $500,000 to settle an investigation into alleged accounting irregularities from 2001 to 2003. (Tue, 25 Sep 2007 21:05:03 GMT)
Electronic Data Systems Pays Nearly $500,000 to Settle Accounting Case With SEC
September 25, 2007 - 4:36 p.m. PLANO, Texas (AP) - Electronic Data Systems has agreed to pay nearly $500,000 to settle an investigation into accounting irregularities alleged to have occurred from 2001 to 2003. (Tue, 25 Sep 2007 21:09:49 GMT)
EDS pays nearly $500,000 to settle accounting case with SEC
Associated Press - September 25, 2007 5:05 PM ET PLANO, Texas (AP) - Electronic Data Systems will pay nearly $500,000 to settle an investigation into alleged accounting irregularities from 2001... (Tue, 25 Sep 2007 21:14:45 GMT)
EDS settles SEC accounting inquiry
Electronic Data Systems (EDS) has agreed to pay $490,902 to settle a U.S. Securities and Exchange Commission investigation into accounting irregularities, the agency said Tuesday. (Tue, 25 Sep 2007 21:15:02 GMT)
Accounting Firms Lauded by Working Mother Magazine
Sept. 26, 2007 The annual Working Mother 100 Best Companies once again lauds accounting firms for their mom-friendly workplace. (Wed, 26 Sep 2007 04:00:17 GMT)
Albuquerque schools accounting director on leave (2:05 p.m.)
ALBUQUERQUE — The director of the Albuquerque Public Schools' accounting department has sued the district, two days after being placed on paid leave. (Wed, 26 Sep 2007 05:59:56 GMT)
Electronic Data Systems Pays Nearly $500,000 to Settle Accounting Case With SEC
September 25, 2007 - 6:56 p.m. PLANO, Texas (AP) - Electronic Data Systems has agreed to pay nearly $500,000 to settle an investigation into accounting irregularities that allegedly occurred from 2001 to 2003. (Wed, 26 Sep 2007 07:39:29 GMT)
Audit cites Grove City for accounting issues
A state audit of Grove City's finances has found more than $200,000 in improper accounting and spending. (Wed, 26 Sep 2007 07:49:02 GMT)
A PROTOTYPE SYSTEM FOR TEMPORAL RECONSTRUCTION OF FINANCIAL ACCOUNTING STANDARDS
This paper presents a prototype system to support the temporal reconstruction of financial accounting standards (FASs). (Wed, 26 Sep 2007 09:17:18 GMT)
Accounting Firm Silver, Lerner, Schwartz & Fertel Announces Merger with Phyllis Malitz & Associates
SKOKIE, Ill.----Accounting firm Phyllis Malitz & Associates, Ltd. has merged with Silver, Lerner, Schwartz & Fertel. Skokie-based SLSF announced the merger today. Michael L. (Wed, 26 Sep 2007 14:15:00 GMT)
APS accounting director sues district
ALBUQUERQUE (AP) - The Albuquerque public school district is being sued by the director of its accounting department. Lou Anne Boothe’s lawsuit was filed last week, two days after she was placed on paid leave. (Wed, 26 Sep 2007 16:15:26 GMT)
LECG names global head of financial and accounting services
Global expert services firm LECG has named London-based director Richard Boulton as global head of Financial and Accounting Services (FAS), a newly created group within LECG which generates nearly half the company's revenue. (Wed, 26 Sep 2007 19:37:57 GMT)
'Chicago Defender' Fires Entire Accounting Dept. for Payroll Scheme
CHICAGO The Chicago Defender fired its entire accounting department after uncovering a scheme in which paychecks were issued and cashed in the name of employees who were no longer working at the black-oriented daily, E&P has learned. (Wed, 26 Sep 2007 20:22:04 GMT)
ACCOUNTING FOR INTANGIBLE ASSETS
The Accounting Standards Board (AcSB) have released a new issue of FYI which includes an executive summary that deals with the Re-Exposure Draft of a proposed new standard on intangible assets. (Thu, 27 Sep 2007 08:48:03 GMT)
USING FORM 20-F RECONCILIATIONS TO INTERNATIONALIZE AN ACCOUNTING COURSE
Accounting courses and textbooks in the United States focus on US generally accepted accounting principles (GAAP). As a result, US accounting students have little exposure to International Financial Reporting Standards (IFRS) and to differences between these standards and US GAAP. To familiarize students with the differences between IFRS and US GAAP, accounting instructors can develop ... (Thu, 27 Sep 2007 09:47:48 GMT)
Labour revamps accounting amid election rumours
The Labour party has revamped its accounting system, wiping out debts ahead of a mooted election. Labour party treasurer Jack Dromey revealed the existence of the new system this week at the Labour party conference. (Thu, 27 Sep 2007 11:08:16 GMT)
CODA and Salesforce.com Announce New CODA 2go Enterprise Accounting System Built on the Force. ...
Customers will be able to run powerful accounting system from Europe's leading financial systems provider entirely on salesforce.com's platform-as-a-service SAN FRANCISCO, Sept. 17 / -- Salesforce.com Dreamforce Conference -- CODA Group (CODA: AIM), the global finance systems specialist, and salesforce.com (NYSE:CRM), the market and technology leader in on-demand business services, today ... (Thu, 27 Sep 2007 13:02:22 GMT)
Lexmark research targets opportunities for accounting professionals to print less
LEXINGTON, Ky., Sept. 27 /PRNewswire-FirstCall/ -- Accounting professionals are awash in paper and are increasingly seeking easy-to-manage digital solutions that will help them print less and reduce the storage space needed for retention of printed documents. (Thu, 27 Sep 2007 13:39:44 GMT)
Autodesk Accounting Chief Sells Stock
The chief accounting officer and controller of Autodesk Inc., which makes design software and services, exercised options for and sold 4,500 shares of stock, according to a Securities and Exchange Commission filing Wednesday. (Thu, 27 Sep 2007 18:05:57 GMT)
GOP, Schweitzer staff fight over accounting
HELENA - State Republican Party Chairman Erik Iverson on Thursday accused Gov. Brian Schweitzer's administration of engaging in "Enron-style accounting" for political purposes by violating accounting principles to give another tax break to Montanans. (Fri, 28 Sep 2007 07:45:18 GMT)
Japan's new PM admits accounting errors
TOKYO - JAPANESE Prime Minister Yasuo Fukuda, who took office this week vowing to turn a page on the last government's scandals, voiced regret for accounting errors by his office but denied wrongdoing. (Fri, 28 Sep 2007 08:36:55 GMT)
Freddie Mac Settles With SEC Over Accounting Fraud Allegations
(McLean, VA) -- Freddie Mac has agreed to pay a 50-million-dollar penalty as part of a settlement regarding allegations of accounting fraud. The "Wall Street Journal" reports the mortgage giant settled with the Securities and Exchange Commission without admitting any wrongdoing. (Fri, 28 Sep 2007 11:05:53 GMT)
Freddie Mac settles accounting-fraud charges
Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse. (Fri, 28 Sep 2007 12:05:58 GMT)
Japan's new PM admits accounting errors
Japanese Prime Minister Yasuo Fukuda, who took office this week vowing to turn a page on the last government's scandals, voiced regret Friday for accounting errors by his office but denied wrongdoing. (Fri, 28 Sep 2007 13:33:43 GMT)
Levin touts law to kill corporate tax break on stock option accounting
WASHINGTON -- Michigan Sen. Carl Levin introduced a bill today to eliminate a corporate tax break that allows companies to deduct more for stock options than they actually cost the company. (Fri, 28 Sep 2007 18:09:21 GMT)
Accounting club counts for club members
Last fall, Aaron Millsap was a senior accounting major at Missouri Southern finishing his second degree. His girlfriend, then vice-president of the Accounting Club, talked him into going to a mixer the club was having with BKD, a local, public accounting firm. (Sat, 29 Sep 2007 00:21:28 GMT)
Sunrise Probe Clears Executives
Sunrise Senior Living said yesterday that a committee formed by its board to investigate an accounting scandal found that executives did not intentionally manipulate earnings or engage in inappropriate conduct by awarding stock options or trading the company's shares. (Sat, 29 Sep 2007 03:07:19 GMT)
Accounting flap stirs up political parties
State Republican Party Chairman Erik Iverson on Thursday accused Gov. Brian Schweitzer’s administration of engaging in “Enron-style accounting’’ for political purposes by violating accounting principles to give another tax break to Montanans. (Sat, 29 Sep 2007 06:39:22 GMT)
Co-op members still have unanswered questions w/ link to previous Globe coverage and forensic accounting report
LAMAR, Mo. — “We have turned the corner. We are getting back to business.” With those words Saturday, Barton County Electric Cooperative CEO Bobbie Jeffries hoped that she had started the path to rebuilding trust between the company and its member-customers. (Sun, 30 Sep 2007 00:59:49 GMT)
Reim named manager at Pa. accounting firm
Frank R. Reim, CPA, has joined the accounting and consulting firm of Heffler, Radetich & Saitta LLP, Philadelphia, as manager of its tax services group. He lives in Somerdale. (Sun, 30 Sep 2007 07:13:34 GMT)
In Division III, academics come first
Josiah Kedzior is a senior at John Carroll with his real estate license and he just finished his summer internship with the accounting firm of Howard Wershbale. (Sun, 30 Sep 2007 08:56:41 GMT)
Business People
Dean Dorton & Ford PSC, an accounting firm in Louisville and Lexington, has named: Lisa Haddi x, specialist in client accounting and payroll services; Matthew H olt, specialist in tax services; Gargi Parik h, specialist in client accounting and payroll services; Megan P ope, specialist in tax services; R. Brad Pulli am, supervisor in assurance services; and Chris Pu rvis, specialist in assurance ... (Sun, 30 Sep 2007 10:06:01 GMT)
REZNICK GROUP TO HOST NATIONAL WEBCAST ON NEW AUDIT AND ACCOUNTING STANDARDS
Reznick Group subject matter experts will host a national webcast on Wed., Oct. 3, 2007, from 2-4:30 pm ET to present a detailed outline of new audit standards and explain new accounting requirements for implementing and maintaining internal controls within an organization.... (Sun, 30 Sep 2007 23:17:20 GMT)
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