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Accounting flap stirs up state political parties
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. (Mon, 01 Oct 2007 02:00:37 GMT)

People in Business
Crosslin, Vaden & Associates, a Nashville-based consulting and accounting firm, has named two new officers. (Mon, 01 Oct 2007 07:08:26 GMT)

Turkish Accounting Firm Joins International Accounting Firm Association MSI
Istanbul accounting firm CONSULTAS Denetim has today been appointed as leading worldwide professional services association MSI's exclusive accounting firm member in Turkey. Affiliation with MSI enables CONSULTAS Denetim to extend its services to include the provision of a broad range of sophisticated, cross-border professional advisory services through MSI's membership of carefully selected, ... (Mon, 01 Oct 2007 07:19:37 GMT)

CICA developing new accounting framework for owner-manager businesses
The Canadian Institute of Chartered Accountants is developing a simplified accounting framework tailored to the needs of Canada's 1.7 million owner-manager businesses. (Mon, 01 Oct 2007 11:00:00 GMT)

Sunrise Senior Finds Accounting Errors
Sunrise Senior Living Inc. said Monday it made several accounting errors over the years but found no evidence of stock backdating, inappropriate accounting or insider trading as part of an internal investigation. (Mon, 01 Oct 2007 13:19:36 GMT)

The Source for exclusive news on securities Regulation
Compliance Reporter is read by decision makers in Asset Management Firms, Broker/Dealers, Investment Banks, Hedge Funds, Law Firms, Accounting Firms and Regulatory Agencies. Titles include: CEOs, Presidents, Chief Compliance Officers and General Counsel. (Mon, 01 Oct 2007 13:57:17 GMT)

Parlux Appoints Rachlin, Cohen & Holtz LLP as Independent Registered Public Accounting Firm
Parlux Fragrances, Inc. announced today that the Audit Committee of its Board of Directors has appointed Rachlin, Cohen & Holtz LLP as its independent registered public accounting firm for the fiscal year ended March 31, 2008, and has terminated the engagement of Deloitte & Touche LLP effective September 26, 2007. (Mon, 01 Oct 2007 18:39:00 GMT)

Former Dynegy Finance Boss Paying $376,560 to Settle SEC Charges Over Alleged Accounting Fraud
WASHINGTON (AP) - A former chief financial officer of energy company Dynegy Inc. is paying $376,560 to settle federal regulators' charges that he played a role in an alleged $300 million fraudulent accounting scheme in 2001. (Mon, 01 Oct 2007 21:54:38 GMT)

A SECOND YEAR OF DOUBLE-DIGIT GROWTH FOR FIRMS IN CCH'S PUBLIC ACCOUNTING REPORT TOP 100 LIST
Growth has tailed off somewhat for the majority of accounting firms on Public Accounting Report's 2007 Top 100, but the group's revenue growth rates remain in double digits, with 2006 and 2007 registering the first back-to-back years of double-digit growth since 2000 and 2001.... (Mon, 01 Oct 2007 23:17:21 GMT)

Accounting fix slows rise in Medicare costs
Elderly and disabled people will see monthly Medicare premiums rise 3.1 percent next year to $96.40 -- the lowest increase in six years.The good news is temporary. That's because the formula used to calculate the premium assumes physicians will take a 10 percent cut in reimbursement rates next year, an unlikely occurrence. The increase was lower than expected because officials fixed an ... (Tue, 02 Oct 2007 10:12:35 GMT)

TIDEWATER BLASTED FOR ACCOUNTING PRACTICES
THE US Securities and Exchange Commission (SEC) has issued a “cease and desist” order against offshore support shipping company Tidewater and its executive vice president and chief financial officer James Lousteau. (Tue, 02 Oct 2007 13:51:51 GMT)

Trustee alleges accounting firm didn't do its job
The bankruptcy trustee for Spokane Raceway Park is seeking financial penalties against the Spokane accounting firm of LeMaster & Daniels for an alleged breach of fiduciary duty. (Tue, 02 Oct 2007 19:50:44 GMT)

Diebold to Alter Sales Accounting
Diebold will change the way revenue is reported after its accounting practices came under SEC scrutiny, the company said Tuesday. (Tue, 02 Oct 2007 20:56:34 GMT)

Switalski hails tax hike as end to 'accounting tricks'
State Sen. Michael Switalski said Tuesday that the balanced-budget pact reached by the Legislature over the weekend is a "watershed event" in Michigan history that deserves accolades from the taxpayers. (Wed, 03 Oct 2007 04:16:19 GMT)

Accounting firm opens new Myrtle Beach office
MYRTLE BEACH Accounting firm opens new office Elliott Davis LLC, one of the largest accounting and advisory firms in the Southeast, has opened an office in Myrtle Beach. (Wed, 03 Oct 2007 06:34:56 GMT)

Accounting seminar set Oct. 25 at USU
The 31st annual Intermountain Accounting seminar will take place from 8:30 a.m. to 4:45 p.m. Oct. 25 at Utah State University's Ellen Eccles Conference Center. (Wed, 03 Oct 2007 06:53:24 GMT)

Cheney didn't recall Halliburton accounting in SEC interview
Associated Press - October 3, 2007 9:45 AM ET WASHINGTON (AP) - Vice President Dick Cheney says he can't recall being told a company he once headed had booked millions of dollars in... (Wed, 03 Oct 2007 13:46:47 GMT)

Cheney didn't recall Halliburton accounting in SEC interview
WASHINGTON (AP) - Vice President Dick Cheney says he can't recall being told a company he once headed had booked millions of dollars in construction cost overruns as income. (Wed, 03 Oct 2007 13:51:54 GMT)

SA's accounting revolution
Finweek's Michael Coulson salutes SA's groundbreaking step towards ease accounting hassles for small businesses. (Wed, 03 Oct 2007 18:49:41 GMT)

Credit Crunch May Affect Accounting
The Center for Audit Quality weighed in Wednesday on credit-market jitters spawned by troubled subprime-mortgage loans, warning the problem may keep investors sidelined and pose challenges for auditors. (Wed, 03 Oct 2007 21:12:46 GMT)

Moroccan Accounting Firm Joins International Accounting Firm Association MSI
Casablanca accounting firm Cabinet Seddik appointed as leading international accounting firm association MSI's exclusive accounting firm member in Morocco. (Thu, 04 Oct 2007 07:01:00 GMT)

Teens to parents: It's our Facebook
That month, about 75,000 active Facebook users on the site were 35 or older, accounting for fewer than 1% of all active users, according to data provided by the company. By August 2007, the number shot up 4,700% to 3.6 million active users 35 and older. That accounts for about 9% of active users. (Thu, 04 Oct 2007 11:55:34 GMT)

Ghana: Auditors Must Go Beyond Mere Accounting
Newly Recruited Internal Auditors of government agencies have been challenged to act proactively through the use of prudent audit practices to achieve the required goals of the organisations they work with. (Thu, 04 Oct 2007 12:41:57 GMT)

CICA DEVELOPING NEW ACCOUNTING FRAMEWORK FOR OWNER-MANAGER BUSINESSES
The Canadian Institute of Chartered Accountants (CICA) is developing a simplified accounting framework tailored to the needs of Canada’s 1.7 million owner-manager businesses. (Thu, 04 Oct 2007 15:47:45 GMT)

ASBJ AND IASB MAKE CONTINUED PROGRESS TOWARDS GOAL OF CONVERGENCE IN ACCOUNTING STANDARDS BY 2011
The Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board (IASB) have held their first two-day meeting since the announcement of an initiative to accelerate convergence between Japanese generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs), known as ‘The Tokyo Agreement’.... (Thu, 04 Oct 2007 16:34:17 GMT)

Student and Professor Win Excellence in Lean Accounting Awards from the Lean Enterprise Institute
CAMBRIDGE, Mass.----A university professor and a student have won Excellence in Lean Accounting Awards from the Lean Enterprise Institute , a nonprofit management research center. (Thu, 04 Oct 2007 19:59:00 GMT)

Symmetry Medical Discloses Accounting Issues at Sheffield, UK Operating Unit and Possible Restatement
Symmetry Medical Inc. , an independent provider of products to the global orthopedic device industry and other medical markets, announced today that the Audit Committee of its Board of Directors has initiated an independent review of apparent irregularities with respect to the Company's accounting policies and practices at its Sheffield, UK operating unit. (Thu, 04 Oct 2007 20:29:00 GMT)

Symmetry: U.K. Accounting May Be Flawed
Orthopedic device maker Symmetry Medical Inc. said Thursday it has defaulted on its credit agreement and may have to restate financial documents going back to 2003 due to possible improper accounting at its Sheffield, U.K. unit. (Thu, 04 Oct 2007 21:20:10 GMT)

Audit Group: Tightening in Credit Markets Could Complicate Corporate Accounting
Oct. 5, 2007 (Associated Press) WASHINGTON - The Center for Audit Quality weighed in Wednesday on credit-market jitters spawned by troubled subprime-mortgage loans, warning the problem may keep investors sidelined and pose challenges for auditors. (Fri, 05 Oct 2007 05:14:45 GMT)

Medical equipment provider announces accounting errors
The Audit Committee of Symmetry Medical, a global provider of orthopaedic devices, has announced an independent review of accounting irregularities at its Sheffield unit. (Fri, 05 Oct 2007 10:08:37 GMT)

Imax to Restate Financial Results
Imax Corp. said Friday it plans to restate its full-year 2006 financial results as well as filings for the first and second quarters of 2007 to correct accounting for the terms of seven leases going back 10 years. (Fri, 05 Oct 2007 14:09:54 GMT)

Imax to Restate Some Financial Data to Correct Accounting for Terms of 7 Leases
NEW YORK (AP) - Imax Corp. said Friday it plans to restate its full-year 2006 financial results as well as filings for the first and second quarters of 2007 to correct accounting for the terms of seven leases going back 10 years. (Fri, 05 Oct 2007 14:40:07 GMT)

Symmetry Medical Shares Fall on Accounting Irregularities
Oct. 5 (Bloomberg) -- Symmetry Medical Inc., the maker of orthopedic implants, fell the most in 11 months in New York trading, after announcing a review of accounting irregularities that may result in a restatement of earnings. (Fri, 05 Oct 2007 16:27:12 GMT)

Outsource Partners International Selected by PA Consulting Group to Provide Finance and Accounting Outsourcing Services
LOS ANGELES----PA Consulting Group, a leading global management systems and technology consulting firm, has agreed to outsource parts of its finance function to Outsource Partners International, Inc. , a leading provider of finance, accounting and tax outsourcing services. (Fri, 05 Oct 2007 17:58:00 GMT)

Business Accounting Program
This is a Business accounting software utiliity for accounting information systems. (Fri, 05 Oct 2007 18:35:56 GMT)

Nashville's LBMC accounting firm strikes strategic merger
Nashville accounting firm Lattimore Black Morgan & Cain has merged with Chattanooga's Petty & Landis. (Fri, 05 Oct 2007 18:57:13 GMT)

Children's Shelter gets new accounting system
Austin's Children's Shelter received an accounting system valued at $10,000 that will help the nonprofit with its future campus. (Fri, 05 Oct 2007 20:07:23 GMT)

Davis Professional Accounting Buys East Memphis Office
Davis Professional Accounting LLC has bought an office at 6373 Quail Hollow Road, Suite 102, from Quail Hollow Office Pa.... (Sat, 06 Oct 2007 05:11:55 GMT)

Elmsford School District must improve accounting for tax settlements, comptroller says
Albany -- Elmsford Union Free School District did not comply with generally accepted accounting principles and state law when it set aside 13 times the amount of money needed to settle tax certiorari proceedings, according to an audit released Friday by State Comptroller Thomas DiNapoli. (Sat, 06 Oct 2007 11:13:34 GMT)

Student, Professor Win Excellence in Lean Accounting Awards
Oct. 8, 2007 A university professor and a student have won Excellence in Lean Accounting Awards from the Lean Enterprise Institute (LEI), a nonprofit management research center. (Sun, 07 Oct 2007 22:13:24 GMT)

Debt Collections: Readers and Experts Weigh In
Collections manager Carol Frischer at accounting firm Holthouse Carlin & Van Trigt and consultant Michelle Dunn, a former collections manager, discuss the different approaches small companies are using to collect bills. (Mon, 08 Oct 2007 00:57:31 GMT)

Accounting firms hit cyberspace with hip marketing
Meet Katie. (Mon, 08 Oct 2007 04:21:54 GMT)

Accounting firm consolidation sweeps up Terry & Stephenson
Regional accounting firm Parente Randolph LLC is merging with the Pittsburgh office of Terry & Stephenson PC. (Mon, 08 Oct 2007 04:22:14 GMT)

SIDS stats not accurate in New York
At least on paper, New York state stands alone as having wiped out Sudden Infant Death Syndrome. But medical experts and even some of the state's own staff say the startling decline in New York's SIDS deaths is the result of questionable accounting and even purposely changing the findings of local coroners. (Mon, 08 Oct 2007 06:42:26 GMT)

Gazprom First-Quarter Net Rises 14% on One-Time Gain (Update2)
Oct. 8 (Bloomberg) -- OAO Gazprom, the world's biggest supplier of natural gas, said first-quarter profit rose 14 percent to a record, boosted by an accounting gain related to pensions and higher fuel prices. (Mon, 08 Oct 2007 09:43:50 GMT)

Movers
ACCOUNTING Martha Foster has been promoted to director in the Florida audit practice of McGladrey & Pullen, based in Miami. BANKING (Mon, 08 Oct 2007 11:48:57 GMT)

New Charges Filed Against Berlusconi
A Milan prosecutor on Monday filed a new count of false accounting against former Premier Silvio Berlusconi in a move that prevents the statute of limitations from expiring in a trial involving the purchase by Berlusconi's Mediaset empire of rights for TV movies. (Mon, 08 Oct 2007 13:49:22 GMT)

Gazprom First-Quarter Net Rises 14% on One-Time Gain (Update4)
Oct. 8 (Bloomberg) -- OAO Gazprom, the world's biggest supplier of natural gas, said first-quarter profit unexpectedly rose 14 percent to a record, boosted by an accounting gain related to pensions and by higher energy prices. (Mon, 08 Oct 2007 13:58:46 GMT)

Ex-Dynegy exec convicted in fraudulent accounting scheme wants new trial
A former midlevel Dynegy Inc. executive serving six years for helping foster a multimillion-dollar accounting scheme has asked a federal court to set aside his convictions and free him from jail. (Mon, 08 Oct 2007 15:31:32 GMT)

A.M. Best Special Report: Evolving Accounting and Regulatory Rules Pose Challenges to Life And Annuity Companies
OLDWICK, N.J.----New accounting rules and regulations for life and annuity companies that have been percolating through the system probably will be coming into fruition over the next few years. (Mon, 08 Oct 2007 16:29:00 GMT)

Gazprom posts profit increase helped by one-time accounting gain
The Russian natural gas exporter reported first-quarter profit unexpectedly up 14 percent to a record level. (Tue, 09 Oct 2007 05:59:48 GMT)

Mediaset chairman, Berlusconi accused of false accounting to 2000 - report
MILAN (Thomson Financial) - Mediaset SpA's chairman Fedele Confalonieri and former prime minister Silvio Berlusconi are accused by the Milan prosecutor Fabio De Pasquale of false accounting at the television company until the full-year 2000, Il Sole 24 Ore and MF reported. (Tue, 09 Oct 2007 08:09:08 GMT)

Former Italian PM may be tried for false accounting
Former Italian primer minister, Silvio Berlusconi, faces charges of fraudulent accounting in connection with irregularities found at his private broadcasting company, Mediaset SpA. (Tue, 09 Oct 2007 09:53:31 GMT)

Former Italian PM may be tried for false accounting
Penny Sukhraj, Accountancy Age , Tuesday 9 October 2007 at 00:00:00 Berlusconi's lawyer says the allegations of irregularities at his private broadcasting company Mediaset SpA are 'baseless' Former Italian primer minister, Silvio Berlusconi, faces charges of fraudulent accounting in connection with irregularities found at his private broadcasting company, Mediaset SpA.... > Read ... (Tue, 09 Oct 2007 10:08:57 GMT)

Global Talent Crunch for Accounting and Finance Professionals
Employers around the world continue to feel the effects of a shortage of accounting and finance professionals, according to the recently released Robert Half International Global Financial Employment Monitor. (Tue, 09 Oct 2007 12:00:00 GMT)

Finance, Accounting and Consultancy
Two hedge funds affiliated with Bear Stearns & Co., Inc., the fifth-largest investment firm in the U.S., recently failed in a bid to obtain recognition under chapter 15 of the Bankruptcy Code of winding-up proceedings commenced in the Cayman Islands at the end of July for two of the firm's hedge funds that were casualties of the sub-prime mortgage meltdown. (Tue, 09 Oct 2007 12:17:14 GMT)

National Bank Offers Simply Accounting Software to Clients Free of Charge
National Bank is now offering commercial clients who subscribe to Internet Banking Solutions a free download of well-known accounting program Simply Accounting at www.nbc.ca/be-inc. (Tue, 09 Oct 2007 16:19:00 GMT)

Financial records 'unauditable' due to bad accounting, independent accountant says
ELYRIA -- A review from an independent accountant found that a lack of standards and accounting principles -- not a single accident or mishap -- led to Carlisle Township's financial records being declared ''unauditable'' by the state auditor. (Wed, 10 Oct 2007 05:27:36 GMT)

Global Talent Crunch for Accounting and Finance Professionals
10/10/2007 Employers around the world continue to feel the effects of a shortage of accounting and finance professionals, according to the recently released Robert Half International Global Financial Employment Monitor. (Wed, 10 Oct 2007 09:48:27 GMT)

`Death Wish 3' Stars FASB in Stock-Option Redux: Jonathan Weil
Oct. 10 (Bloomberg) -- The first time the accounting mandarins tried to fix the rules for employee stock-option compensation, it almost killed them. The second time, they barely escaped with all their teeth. Now, they're coming back for more. (Wed, 10 Oct 2007 12:36:50 GMT)

Finance, Accounting and Consultancy
This is the September 2007 edition of our email news service – The Turkish Update – which is issued every month. Our aim is to provide a concise and easy-to-read summary of developments in Turkey which may be of interest to our clients. (Wed, 10 Oct 2007 14:17:08 GMT)

Accounting firm seeks offers for closed N.S. railcar plant
HALIFAX - A Halifax business accounting firm acting as financial advisor for TrentonWorks is seeking offers for the idle railcar plant. (Wed, 10 Oct 2007 14:21:17 GMT)

Secured Digital Announces Installation of Integrated RFID Accounting System for an Auto Dealership in Memphis, TN
NEW YORK----Secured Digital Applications, Inc. and Collier Consulting announced today the installation of a Radio Frequency Identification accounting system in the Lincoln Mercury dealership in Memphis, TN to showcase Secured Digital's integrated financial accounting and RFID tracking applications. (Wed, 10 Oct 2007 14:30:00 GMT)

Accounting firm moves to Brookfield
The Winter, Kloman, Moter & Repp S.C. accounting firm has moved its main office from Elm Grove to Brookfield at 235 N. Executive Drive, Suite 160. The newly updated 11,000-square-foot suite, just west of Brookfield Square off Bluemound Road, will accommodate more than 30 staff members. (Wed, 10 Oct 2007 16:03:54 GMT)

BT chairman seeks global perspective on accounting
Sir Michael Rake is still an accountant at heart. Sitting in his new office at BT's headquarters, he keeps dropping into "we" when talking about the profession and only occasionally correcting himself. (Thu, 11 Oct 2007 02:45:08 GMT)

Zimbabwe: Accounting Firm Loses Appeal
The Administrative Court has dismissed with costs an appeal by a local accounting firm seeking to quash the State Procurement Board's decision to award four tenders to two of its rivals. (Thu, 11 Oct 2007 07:35:17 GMT)

SEPTEMBER DECISION SUMMARY, PUBLIC SECTOR ACCOUNTING BOARD
The Canadian Public Sector Accounting Board (PSAB) met on September 17-18, 2007 and discussed a number of items, including indicators of financial condition, PSAB governance and operations, the Accounting Standards Board (AcSB) Not-for-Profit Exposure Draft, PSAB Strategic Plan and 2008-09 Work Plan and Joint Working Group between PSAB and the Deputy Ministers of Finance.... (Thu, 11 Oct 2007 13:17:22 GMT)

Beazer probe uncovers accounting gaffes, HUD violations
Beazer Homes USA Inc. will have to restate its earnings for several years after an internal investigation found the company's mortgage subsidiary violated certain U.S. Department of Housing and Urban Development regulations and the company made several accounting errors. (Thu, 11 Oct 2007 13:43:45 GMT)

Beazer Probe Finds Accounting Errors
The builder will restate results higher. (Thu, 11 Oct 2007 14:21:55 GMT)

Beazer audit finds accounting errors
Homebuilder says mortgage unit violated lending rules and it will need to restate financial results. (Thu, 11 Oct 2007 14:26:54 GMT)

NYSSCPA ACCOUNTING EDUCATORS CONFERENCE
If you require an overnight room for Thursday and/or Friday, please phone the hotel directly at 518-464-6666 to make your reservation and specify that you are with the FAE Accounting Educators Group. You must reserve by October 9. Rooms are limited. (Thu, 11 Oct 2007 18:02:37 GMT)

Butler International Completes Accounting Review and Files Form 10-K and Form 10-K/A With the SEC
Butler International, Inc.,, a leading provider of TechOutsourcing services, announced that the Company's internal review of certain accounting matters is complete and the Company's Annual Reports on Form 10-K for the year ended December 31, 2005 and Form 10-K/A for the year ended December 31, 2004 have been filed with the Securities and Exchange Commission. (Thu, 11 Oct 2007 19:43:00 GMT)

12-10-2007: GBH blames lack of accounting expertise for breaching listing rules
KUALA LUMPUR: Goh Ban Huat Bhd (GBH) has cited its lack of accounting expertise as the cause for breaching listing requirements over the past three years with the latest being unable to ensure its unaudited FY06 results are factual and accurate, resulting in understating its audited group loss after tax by RM1.5 million. (Fri, 12 Oct 2007 04:21:53 GMT)

RFID Accounting: Secured Digital Announces Installation Of Integrated RFID Accounting System For An Auto Dealership In ...
Secured Digital Applications, Inc. and Collier Consulting announced recently the installation of a Radio Frequency Identification (RFID) accounting system in the Lincoln Mercury dealership in Memphis, TN to showcase Secured Digital's integrated financial accounting and RFID tracking applications. (Fri, 12 Oct 2007 04:27:04 GMT)

CYMA Announces the Release of CYMAIV Accounting for Windows® Version 10
CYMA Systems, Inc., a 27 year developer of general accounting software for the medium-sized organization, is now shipping Version 10 of its flagship product line, CYMAIV Accounting for Windows®. (PRWeb Oct 12, 2007) (Fri, 12 Oct 2007 07:02:23 GMT)

Accounting clerk charged with extensive theft
GBI agents arrested an accounting clerk with the Georgia Public Safety Training Center on Thursday and charged her with stealing about $241,000 during the past five years. (Fri, 12 Oct 2007 07:12:34 GMT)

Beazer probe uncovers accounting gaffes, HUD violations
Beazer Homes USA Inc., the largest home builder in Tennessee, will have to restate its earnings for several years after an internal investigation found the company's mortgage subsidiary violated U.S. Department of Housing and Urban Development regulations and the company made several accounting errors. (BZH) (Fri, 12 Oct 2007 16:57:08 GMT)

GE Widens Accounting Review
General Electric Co. disclosed Friday that it widened its internal accounting review to include its health-care and aviation businesses, saying it adjusted earnings for some prior periods as a result. (Fri, 12 Oct 2007 20:19:45 GMT)

Southwestern Energy Controller and Chief Accounting Officer Stanley Wilson Sells 4,862 Shares
NEW YORK (AP) - The controller and chief accounting officer of Southwestern Energy Co., a natural gas exploration and production company, sold 4,862 shares of common stock, according to a Securities and Exchange Commission filing. (Fri, 12 Oct 2007 21:38:18 GMT)

Best-Managed Accounting Firms Named by IPA
Oct. 15, 2007 A "best of the best" list just released from industry publication Inside Public Accounting (IPA) recognizes 25 U.S. accounting firms for their "wise management and superior operational performance." (Sat, 13 Oct 2007 03:15:33 GMT)

For the first time since 1992, Mexico has finished a five-year cycle of water accounting without owing the U.S. a ...
For the first time since 1992, Mexico has finished a five-year cycle of water accounting without owing the U.S. a drop, Texas Commission on Environmental Quality officials said Friday. (Sat, 13 Oct 2007 05:05:59 GMT)

GE expands accounting review, adjusts earnings
WASHINGTON -- General Electric Co. disclosed Friday it has widened its internal accounting review to include its health-care and aviation businesses. As a result of the accounting issues, the industrial and entertainment giant adjusted its 2006 fourth-quarter net income to $6.42 billion, or 62 cents a share, from a previously reported $6. (Sat, 13 Oct 2007 06:48:45 GMT)

Accounting chief at Datalis charged with $250,000 theft
Kristy Yeck, 25, of Hillsdale was arrested Friday and accused of embezzling more than $250,000 from the Montvale-based Datalis Corp. Yeck, the technology company's human resources-accounting manager, was responsible for purchasing and payroll. (Sat, 13 Oct 2007 10:02:52 GMT)

Real estate accounting under lens
New Delhi, Oct. 13: The Securities and Exchange Board of India (Sebi) has asked the Institute of Chartered Accountants of India (ICAI) to clarify the accounting standards that real estate companies have to follow. (Sat, 13 Oct 2007 21:50:52 GMT)

ACCOUNTING CLERK MERIT MEDICAL
Systems, a medical device manufacturer is seeking someone with computer skills preferably spreadsheets, word processing, database and other applicable programs. Ability to perform basic accounting and clerical tasks of a repetitive nature accurately and quickly. (Sun, 14 Oct 2007 05:44:32 GMT)

Lady Lake gets top honor for municipal accounting, finance reports
Lady Lake has been awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada. (Sun, 14 Oct 2007 10:15:14 GMT)

SMEs given reprieve on accounting requirements
Thousands of small and medium-sized businesses have received a last-minute reprieve from adopting complicated new international accounting rules. (Sun, 14 Oct 2007 22:26:48 GMT)

Accounting firms work to attract, retain new CPAs
Accounting firms here are beefing up their efforts to recruit and retain young accountants, though few have taken steps that could keep partners working beyond a mandatory retirement age imposed by most large firms. (Mon, 15 Oct 2007 05:11:06 GMT)

Majority of CFOs Want More Accounting Firm Choices, Believe That Greater Competition Will Increase Quality and Reduce ...
CHICAGO----In a national survey of chief financial officers and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations, 56 percent think there are too few accounting firms to ensure competition, and 69 percent think more competition in the accounting profession would ... (Mon, 15 Oct 2007 11:00:00 GMT)

South Africa: New Public Sector Accounting Rules
A NEW accounting standard recently released by the International Public Sector Accounting Standards Board will hold government and public sector entities publicly accountable. (Mon, 15 Oct 2007 11:48:28 GMT)

Trintech Announces New Release of AssureNET GL Accounting Compliance Solution
Trintech Group Plc , a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide, today announced significant enhancements in the new release of its accounting compliance software solution, AssureNET GL. (Mon, 15 Oct 2007 12:00:00 GMT)

Caterpillar names new accounting officer
Caterpillar Inc. Monday said its board approved the creation of a chief accounting officer position, and said it named Janie Copeland to the post, effective Dec. 1. (Mon, 15 Oct 2007 12:43:16 GMT)

Radian Group Inc. Announces Appointment of PricewaterhouseCoopers as Its New Independent Registered Public Accounting ...
Radian Group Inc. today announced that it has appointed PricewaterhouseCoopers LLP as the Company's new independent registered public accounting firm. PwC's engagement will begin after the departure of the Company's current auditor, Deloitte & Touche LLP. (Mon, 15 Oct 2007 12:46:00 GMT)

Caterpillar bestellt Chief Accounting Officer
Peoria (aktiencheck.de AG) - Der amerikanische Baumaschinenhersteller Caterpillar Inc. ( ISIN US1491231015 / WKN 850598 ) meldete am Montag, dass er Janie Copeland die neu geschaffene Position des Chief Accounting Officer (CAO) übertragen hat (Mon, 15 Oct 2007 13:36:06 GMT)

Force Protection Warns on Accounting
Armored vehicle maker Force Protection Inc. found material weaknesses in accounting system, according to a filing Monday with the Securities and Exchange Commission. (Mon, 15 Oct 2007 13:48:48 GMT)

Nortel Pays $35 Million to Settle SEC Inquiry Into Accounting
Oct. 15 (Bloomberg) -- Nortel Networks Corp., the biggest maker of telecommunications equipment in North America, will pay $35 million to settle regulatory claims it manipulated earnings between 2000 and 2003 under two accounting schemes. (Mon, 15 Oct 2007 17:30:47 GMT)

Nortel Pays $35 Million to End SEC Accounting Probe (Update1)
Oct. 15 (Bloomberg) -- Nortel Networks Corp., the biggest maker of telecommunications equipment in North America, will pay $35 million to settle regulatory claims it defrauded investors by using improper accounting tactics to manipulate earnings between 2000 and 2003. (Mon, 15 Oct 2007 18:45:47 GMT)

Accounting Problems Rattle Force Protection
One analyst thinks the company's accounting errors are no reason to panic. (Mon, 15 Oct 2007 23:02:20 GMT)

IMBA Seeks Skilled Accounting Professional
303-545-9011 The International Mountain Bicycling Association seeks a skilled accounting professional with experience in nonprofit accounting and related business operations. (Tue, 16 Oct 2007 01:36:35 GMT)

Consulting firm suspected of irregular accounting in overseas projects
TOKYO — Officials of a major Japanese construction consulting company are suspected of engaging in murky accounting in regards to overseas projects, investigative sources said Tuesday. (Tue, 16 Oct 2007 07:07:30 GMT)

Celestica reports accounting error
Contract electronics firm Celestica Inc. said late yesterday that it had made an accounting error regarding a tax recovery and has cut its already reported second-quarter net earnings by $44.1 million. (Tue, 16 Oct 2007 08:41:22 GMT)

Nortel Networks settles accounting charges with SEC for $35mn
NEW YORK, October 16 (newratings.com) – Nortel Networks Corp ( NT.NYS ), the biggest maker of telecommunications equipment in North America, has agreed to pay $35 million to settle accounting fraud charges, according to court papers filed on Monday. (Tue, 16 Oct 2007 10:06:54 GMT)

S&P Comments on Standardizing Global Insurance Accounting Rules
In a new report Standard & Poor's states that the "International Accounting Standard Board's (IASB) discussion paper on insurance contracts may well set the tone for a new global frame work." The r (Tue, 16 Oct 2007 12:02:18 GMT)

Installing LedgerSMB (Open Source Accounting Application) On Debian Etch
Howtoforge: "LedgerSMB is a free (licensed under the GPL), web based double entry accounting system written in Perl which uses PostgreSQL for data storage. (Tue, 16 Oct 2007 16:29:57 GMT)

Costco Accounting Officer Sells Stock
The principal accounting officer of discount retailer Costco Wholesale Corp. exercised options for and sold 10,000 shares of stock, according to a Securities and Exchange Commission filing Friday. (Tue, 16 Oct 2007 18:13:58 GMT)

McClatchy 3Q profit falls, plans to take accounting charge
Sacramento-based McClatchy Co., one of the nation’s biggest newspaper companies and the parent company of The Tribune, reported sharply lower profit and revenue for its third quarter Tuesday and said it would take an accounting charge to reflect the poor conditions in the newspaper business and its falling share price. McClatchy said it was still determining how big the charge would be and ... (Tue, 16 Oct 2007 20:08:03 GMT)

CFOs Want More Accounting Firm Choices
Oct. 17, 2007 The majority of chief financial officers want more accounting firm choices, believing this will result in greater competition, increased quality, and reduced fees. (Wed, 17 Oct 2007 03:42:54 GMT)

Accounting classes start tonight
A series of three workshops on accounting for businesses starts tonight in downtown Salem. (Wed, 17 Oct 2007 10:12:50 GMT)

New Simply Accounting by Sage Enterprise to Be Unveiled During Simply Partnership 2007
Sage Software announced today that it will preview the new Simply Accounting by Sage Enterprise 2008 to its more than 300 Simply Accounting partners expected to attend the company's annual Simply Partnership event that kicks off on Friday, October 19th in Ottawa, Ontario. (Wed, 17 Oct 2007 12:00:00 GMT)

Pick up some Dell while it's down
Former PC king Dell has looked like a dog for the past two years, thanks to accounting follies, management miscues, and a resurgent Hewlett-Packard. But with founder Michael Dell back as CEO, the company is showing signs of life, making it a good time to pick up the shares. (Wed, 17 Oct 2007 13:52:27 GMT)

Wolters Kluwer Tax and Accounting to Acquire TeamMate(TM)
Wolters Kluwer Tax and Accounting has signed an agreement to acquire from PricewaterhouseCoopers LLP, TeamMate - the leading integrated audit productivity software suite serving corporate internal audit departments and government agencies in 96 countries. (Wed, 17 Oct 2007 15:44:00 GMT)

Former Dutch finance minister chosen to oversee accounting board
Gerrit Zalm will take over as chairman of the body that governs the International Accounting Standards Board at the end of this year. (Wed, 17 Oct 2007 19:06:11 GMT)

IASB warns Europe on accounting standards
Europe should not develop its own version of accounting standards or it will risk torpedoing the global effort to produce a single standard, said the head supervisor of the international accounting standards setter. (Wed, 17 Oct 2007 21:24:49 GMT)

European Will Oversee Accounting Standards
The International Accounting Standards Committee has been pressured by some European politicians who want the board to be more accountable to governments. (Thu, 18 Oct 2007 05:50:50 GMT)

Marsh sets up forensic accounting and claims practice
Marsh has established a forensic accounting and claims services practice for the Middle East and North Africa. Based in Dubai, the FACS Practice is led by Ian Peters, formerly a senior claims consultant with the FACS team in London. (Thu, 18 Oct 2007 09:43:53 GMT)

Pensions accounting row erupts at EMI
An accounting row has erupted between EMI's pensions trustees and the new owners of the company. The trustees want EMI's new owners, private equity firm Terra Firma, to increase contributions to the fund. (Thu, 18 Oct 2007 10:23:16 GMT)

Mannatech Appoints BDO Seidman, LLP as Company's Independent Registered Public Accounting Firm
COPPELL, Texas----Mannatech, Incorporated , a leading developer and provider of dietary supplements and skin care solutions, announced today it has appointed BDO Seidman, LLP as the company's independent registered public accounting firm in tandem with the release of Grant Thornton LLP. (Thu, 18 Oct 2007 13:50:00 GMT)

Dow Jones 3Q Profit Falls From Year-Ago Results That Included Tax-Related Accounting Gain
NEW YORK (AP) - Dow Jones & Co., publisher of The Wall Street Journal, reported sharply lower profits for its third quarter Thursday compared with a year ago, when it recorded a large tax-related accounting gain. (Thu, 18 Oct 2007 18:39:35 GMT)

McDermott Appoints Dennis Baldwin as Vice President and Chief Accounting Officer
McDermott International, ( Nachrichten ) Inc. (NYSE:MDR) ( “ McDermott “� or the “ Company “� ) announced today that Dennis S. Baldwin has joined the Company as Vice President and Chief Accounting Officer. (Thu, 18 Oct 2007 20:21:39 GMT)

Accounting and finance pros in short supply, study shows
Employers around the world are finding a lack of skilled accounting and finance professionals, according to the recently released Robert Half International Global Financial Employment Monitor. (Thu, 18 Oct 2007 20:49:17 GMT)

Accounting firm to clean up Grady's finances
The Grady hospital board approved a deal Thursday with a global accounting firm to find inefficiences and clean up its finances. The deal with PricewaterhouseCoopers could cost Grady as much as $27 million, but could create savings and generate new revenue worth more than $135 million. The hospital is on track to record the highest deficit in its history. The accounting firm won't by paid a dime ... (Fri, 19 Oct 2007 01:29:46 GMT)

Prosecutors grill ex-defense trader exec over false accounting
TOKYO — Public prosecutors began grilling a former executive director of Tokyo-based defense equipment trader Yamada Corp on suspicion of financially damaging the company through accounting irregularities, sources close to the case said Friday. (Fri, 19 Oct 2007 05:16:58 GMT)

Microgen upgrades accounting hub
Microgen (LSE: MCGN), the information management group, is pleased to announce the launch of Microgen Accounting Hub (MAH) version 2.10 powered by ... (Fri, 19 Oct 2007 09:31:00 GMT)

Marsh Establishes Middle East Forensic Accounting, Claims Practice
Marsh announced from Dubai that it has established a Forensic Accounting and Claims Services (FACS) Practice for the Middle East and North Africa, which will be based in the city on the Persian Gulf. (Fri, 19 Oct 2007 11:59:13 GMT)

McDermott appoints Dennis Baldwin as Vice President and Chief Accounting Officer
Houston, TX ... McDermott International, Inc. announced that Dennis S. Baldwin has joined the Company as Vice President and Chief Accounting Officer. In this role, Mr. Baldwin replaces Michael S. Taff, who was appointed Senior Vice President & Chief Financial Officer in April 2007. (Fri, 19 Oct 2007 13:56:00 GMT)

McDermott Appoints New VP and Chief Accounting Officer
Dennis S. Baldwin has joined McDermott as Vice President and Chief Accounting Officer. In this role, Mr. Baldwin replaces Michael S. Taff, who was appointed Senior Vice President & Chief Financial Officer in April 2007. (Fri, 19 Oct 2007 17:08:24 GMT)

FASB Accounting Standards CodificationTM Approaches Constituent Verification Phase
NORWALK, Conn.----The Financial Accounting Standards Board today announced its plan for the late-2007 or early-2008 release of the FASB Accounting Standards CodificationTM for verification by constituents. (Fri, 19 Oct 2007 19:40:00 GMT)

BUSINESS PEOPLE
LAPORTE SEHRT ROMIG HAND: Lindsay Madere has been hired as a special accounting services intern; Candice Nesbit, consulting intern in the health care group; Lauren Ritchey and Mickey Simon, staff auditors. (Sun, 21 Oct 2007 05:58:18 GMT)

Changing college major led to an A in accounting
My big break happened in college, when I received a C in my third- semester calculus class, and I decided I had better switch my major. (Sun, 21 Oct 2007 06:48:42 GMT)

Lingle names, employe and team of the year
HONOLULU – Gov. Linda Lingle and Lt. Gov. James R. "Duke" Aiona Jr. have named Walter Kawamura, workers' compensation hearings officer with the Department of Labor and Industrial Relations as State Manager of the Year, and Ricky Sasaki, architect with the Department of Accounting and General Services as State Employee of the Year. (Sun, 21 Oct 2007 14:12:02 GMT)

Fuentes padlocks S. Cotabato accounting office
KORONADAL CITY --South Cotabato Governor Daisy Avance Fuentes padlocked Thursday evening the Provincial Accounting Office after discovering four employees allegedly sneaking out vital documents. (Sun, 21 Oct 2007 16:06:38 GMT)

Uniform accounting norms push KPO
It could be easy for Indian firms to embrace the new standard as Indian GAAP already has many elements of IFRS in it. (Sun, 21 Oct 2007 19:10:15 GMT)

Uniform accounting norms push KPO
BANGALORE: A new opportunity is knocking on the doors of the Indian BPO, or more precisely, the KPO (knowledge process outsourcing), industry. And the indications are that it would be a mega opportunity. (Sun, 21 Oct 2007 21:49:42 GMT)

Accounting board considers delaying new income tax rule
A committee funded by the American Institute of Certified Public Accountants is calling for a delay in the implementation of an accounting rule that will change the way private companies report their income tax positions. (Mon, 22 Oct 2007 05:22:14 GMT)

Business events: Oct. 22
SOUTH BAY Oct. 23 Accounting For Small Business. 5-8 p.m. Entrepreneur Center, 84 W. Santa Clara St. (Mon, 22 Oct 2007 09:02:15 GMT)

re: Patrick T. Schmidt attorney, CPA, advocate
Accountant in law school: "(I have been doing) Mom's Lasagna almost two years now. … (I have worked) 15 years-plus as (an) attorney. … I have no idea how I got interested in this work. I just always remember having the plan of getting my accounting degree and then going to law school." (Mon, 22 Oct 2007 09:51:23 GMT)

Sales, accounting gain lift Schering-Plough's bottom-line
BOSTON (MarketWatch) - Schering-Plough Corp. reported substantially higher third-quarter earnings early Monday, due largely to a substantial accounting gain and solid sales growth for several of its best-selling drugs. (Mon, 22 Oct 2007 12:21:17 GMT)

Robert Half Releases 2008 Guide to Accounting and Finance Salaries; Annual Report Finds Salaries Rise as Competition ...
MENLO PARK, Calif., Oct. 22 /PRNewswire-FirstCall/ -- Starting salaries for accounting and finance professionals are expected to increase an average of 4.3 percent in the coming year, according to the just-released 2008 Salary Guide from Robert Half International. (Mon, 22 Oct 2007 12:23:51 GMT)

On the Go
A compilation of recent promotions and hires. Brockman, Coats, Gedelian & Co.: Benjamin Davis joined the Akron regional certified public accounting and business consulting firm as a senior audit associate in the business assurance services group. (Mon, 22 Oct 2007 13:09:30 GMT)

UPDATE: Sales, Accounting Gain Lift Schering-Plough's Bottom Line
BOSTON (Dow Jones) - Schering-Plough Corp. reported substantially higher third-quarter earnings early Monday, due largely to a substantial accounting gain and solid sales growth for several of its best-selling drugs. (Mon, 22 Oct 2007 13:42:03 GMT)

GeoMet chief accounting officer/controller to resign
BOSTON (Thomson Financial) - GeoMet Inc. said Monday Frank C. Turner II plans to resign as vice president, chief accounting officer and controller in order to pursue "other opportunities." (Mon, 22 Oct 2007 16:56:10 GMT)

GeoMet chief accounting officer/controller to resign
BOSTON (Thomson Financial) - GeoMet Inc. ( Nachrichten ) said Monday Frank C. Turner II plans to resign as vice president, chief accounting officer and controller in order to pursue 'other opportunities.' (Mon, 22 Oct 2007 17:22:48 GMT)

UTSA granted $500,000 to create endowed accounting chair
The University of Texas at San Antonio (UTSA) has received a $500,000 bequest from the estate of Jacqueline Eugenia Ramsdell to establish a new endowed chair in accounting. (Mon, 22 Oct 2007 19:39:15 GMT)