Accounting News 03/2008 (Page 2)

Business & Finance (Times of Malta)

TIAG is five The International Accounting Group (TIAG), which has 86 members in 56 jurisdictions in over 155 offices, including Portman International from... (Mar 9, 2008)

TIAG is five (Times of Malta)

The International Accounting Group (TIAG), which has 86 members in 56 jurisdictions in over 155 offices, including Portman International from Malta, is celebrating its fifth anniversary. (Mar 9, 2008)

Senate committee seeks audit of Iraq oil money (International Herald Tribune)

Two senior members of the Senate Armed Services Committee have requested a full accounting of how Iraq is spending its soaring oil revenues. (Mar 9, 2008)

Audit of Iraq's oil cash sought (San Jose Mercury News)

Two senior members of the Senate Armed Services Committee have requested a full accounting of how Iraq is spending its soaring oil revenues, amid starkly conflicting estimates of how much the country has invested in rebuilding its broken infrastructure and providing basic services to its (Mar 9, 2008)

Study, then off to Peace Corps (The Monterey County Herald)

Graduate student Marie Barbaret was torn between finding a job in accounting — her undergraduate major — or continuing her education. Barbaret, 22, also wanted to follow her heart and join the Peace Corps in the Pacific Islands or in Latin America. (Mar 9, 2008)

Anxiety rising in schools (Modesto Bee)

Kathy Diederich was pregnant with her second child when she decided accounting was no longer for her. (Mar 9, 2008)

PTO meets deadline in accounting probe (Texas City Sun)

TEXAS CITY — The treasurer of an elementary school parent-teacher organization met the school district’s deadline for turning over accounting records that are under scrutiny after other officers in the organization raised questions about its bookkeeping. (Mar 9, 2008)

Fraud Scene Investigator (Portfolio.com via Yahoo! Finance)

People don’t normally try to kill you for doing their taxes, but forensic accounting is a whole different ball game. (Mar 10, 2008)

Law and accounting briefs (BizJournals)

ACCOUNTING Deloitte moving to Wachovia Tower After 32 years in the Regions Bank building downtown, accounting firm Deloitte & Touche LLP is moving its Birmingham office to the Wachovia Tower across the street. (Mar 10, 2008)

Two members of U.S. Senate panel request accounting of Iraq spending (International Herald Tribune)

Addressed to the U.S. Government Accountability Office, the letter asks how Iraq is spending soaring oil revenue amid conflicting estimates of how much the country has invested in reconstruction. (Mar 10, 2008)

Blue Nile CFO Robin Easton Resigns (AP via Yahoo! Finance)

Blue Nile Inc. said Monday Chief Financial Officer Robin Easton has resigned, effective March 31. Terri Maupin, vice president of finance and controller, will handle the responsibilities of the principal financial and accounting officer when Easton's resignation takes effect, the online jewelry retailer said. (Mar 10, 2008)

PTO meets deadline in accounting probe (Galveston County Daily News)

United Rentals Enters Into Memorandum of Understanding for Settlement of 2004 Accounting Class Action Litigation (Business Wire via Yahoo! Finance)

GREENWICH, Conn.----United Rentals, Inc. today announced that it has entered into a memorandum of understanding with lead plaintiff's counsel to settle three purported class action lawsuits that were filed following the August 2004 announcement of an SEC inquiry concerning the company's historical accounting practices. (Mar 10, 2008)

United Rentals in MOU to settle accounting class action lawsuits (Reuters via Yahoo! News)

United Rentals Inc said it entered into a memorandum of understanding to pay $27.5 million in cash to settle class action lawsuits that were filed following a SEC inquiry in 2004 concerning the company's historical accounting practices. (Mar 10, 2008)

U.S. senators seek full accounting of Iraq oil revenue (International Herald Tribune)

Two senior members of the U.S. Senate Armed Services Committee have made the request amid starkly conflicting estimates of how much the country has invested in rebuilding. (Mar 10, 2008)

Achievers (Billings Gazette)

Monday, March 10, 2008 In the SchoolsMolly Walker of Billings was named to the fall 2007 semester dean's list at Bentley College. Walker is a sophomore majoring in corporate finance and accounting. (Mar 10, 2008)

United Rentals Reaches Settlement (AP via Yahoo! Finance)

United Rentals Inc. said Monday that it agreed to settle three shareholder lawsuits related to a Securities and Exchange Commission inquiry into the equipment rental company's past accounting practices for $27.5 million cash. (Mar 10, 2008)

APS hopes to fix accounting problems (KOB-TV Albuquerque)

The Albuquerque school district hopes a new superintendent will be able to fix problems in its accounting department. Currently, an outside audit is being presented to school leaders. (Mar 10, 2008)

U.N. reports sharp rise in Afghanistan attacks (Reuters via Yahoo! News)

Militant attacks in Afghanistan increased dramatically last year, with civilians accounting for nearly a fifth of people killed, the U.N. secretary-general said in a new report. (Mar 11, 2008)

PTO meets deadline in accounting probe (Texas City Sun)

Accounting system at focus of today's No. Hampton selectmen race (Hampton Union)

NORTH HAMPTON — Voters are asked to use their ballot to define the role of the Board of Selectmen in today's election. (Mar 11, 2008)

Friends Provident Posts Second-Half Loss on Costs, Accounting (Bloomberg.com)

March 11 (Bloomberg) -- Friends Provident Plc , the 176-year- old insurer that is selling units to shore up its financing, posted a second-half loss after changing how it books some costs. The company said its chief financial officer is leaving. (Mar 11, 2008)

Schawk to Delay 4Q, Full-Year Results (AP via Yahoo! Finance)

Schawk Inc. said it will delay its fourth-quarter and full-year results in order to review various accounting issues. The provider of digital imaging graphic services was supposed to release its financial results Tuesday. (Mar 11, 2008)

Accounting Seminar Reviews Income Tax Deductions for Day Traders (Marketwire via Yahoo! Finance)

Traders Accounting, the largest online resource for day trading services and day trader tax planning, has announced future accounting seminars in Bloomington, Minnesota on March 25, 2008 for business owners and day traders. (Mar 11, 2008)

Sciele Pharma, Inc. Announces Change of Independent Registered Public Accounting Firms (Centre Daily Times)

Sciele Pharma, Inc. (Nasdaq: SCRX) today announced that the Audit Committee of its Board of Directors has dismissed BDO Seidman LLP as the Company's independent registered public accounting firm and has engaged KPMG LLP as its new independent registered public accounting firm. (Mar 11, 2008)

Accounting Challenge Offers Up to $2,000 Prize (SmartPros Accounting)

March 12, 2008 (SmartPros) Career site JobsintheMoney.com is inviting accounting and finance professionals to enter its monthly accounting challenge for a chance to win up to $2,000. (Mar 12, 2008)

Accounting manager accused of taking $246,000 (The Oregonian)

SHERWOOD -- A 44-year-old Tualatin woman has been arrested and charged with embezzling $246,000 from a Sherwood company where she formerly worked as an accounting manager. (Mar 12, 2008)

Mortgage applications fall, MBA says (CNN Money)

Volume dropped 1.9% in the week ending March 7, with refinance accounting for half of total applications, according to trade group survey. (Mar 12, 2008)

Wicomico Hires Accounting Firm To Probe Theft (CBS 13 Baltimore)

Wicomico County is hiring a forensic accounting firm from Baltimore County to further probe the thefts of diesel fuel. (Mar 12, 2008)

Sage Software Launches Sage BusinessVision 50 Accounting Version 7.2 for Growing Small Businesses (Marketwire via Yahoo! Finance)

Sage Software announced today a new version of its business management solution for growing small businesses, Sage BusinessVision 50 Accounting 7.2. This latest release includes an extensive list of customer-focused enhancements designed to deliver a better, more intuitive user experience, along with many new performance improvements and features in several modules, which further demonstrate ... (Mar 12, 2008)

Advent Named Leading Provider of Fund Accounting and Reporting Systems by The Hedge Fund Journal (Marketwire via Yahoo! Finance)

Advent Software, Inc., the award-winning provider of software and solutions for the investment management industry, today announced that it has been named "Leading Provider of Fund Accounting and Reporting Systems" by The Hedge Fund Journal. (Mar 12, 2008)

Wicomico To Hire Accounting Firm To Probe Landfill Theft (NBC4 Washington, D.C.)

Wicomico County is hiring a forensic accounting firm from Baltimore County to further probe the thefts of diesel fuel, truck tires and automotive parts at the county landfill. (Mar 12, 2008)

WellPoint's chief accounting officer resigns (Business Insurance)

CHICAGO (Reuters)—WellPoint Inc. said Wednesday that Jamie Miller, its chief accounting officer, resigned effective April 4 and will take the same position at General Electric Co. (Mar 12, 2008)

WellPoint accounting exec going to GE (The Indianapolis Star)

Jamie Miller announced her plans to resign as WellPoint's chief accounting officer on Tuesday, the day the Indianapolis-based health insurance giant's stock plunged 28 percent on news the company had slashed its profit forecast for the year. (Mar 12, 2008)

Survey Shows Outsource Partners International ``Has the Happiest Customers´´ in Finance & Accounting Outsourcing (wallstreet:online AG)

Outsource Partners International, Inc. (OPI), a leading provider of finance, accounting & tax business (Mar 12, 2008)

Accounting Company Liable For Damages (The Tampa Tribune)

Accounting company BDO International should have to pay part of $521 million in damages that an allied U.S. firm owes a bank, an appeals court ruled Wednesday. (Mar 13, 2008)

WellPoint accounting chief is moving on (The Indianapolis Star)

WellPoint Chief Accounting Officer Jamie Miller's career with the Indianapolis-based health insurance giant will be a short one. (Mar 13, 2008)

Accounting Squared Presents a Free Seminar for Small Business Owners (Business Wire via Yahoo! Finance)

CARY, N.C.----"Small business owners can make business decisions based on knowledge rather than rough guesswork," explains Mike Woolard, Partner at Accounting Squared. "Firms with 5-80 employees, with properly configured accounting books, have access to profitability by job, actual vs. budget, and KPI reports. (Mar 13, 2008)

Aspen Technology Announces Appointment of New Independent Registered Public Accounting Firm (Business Wire via Yahoo! Finance)

BURLINGTON, Mass.----Aspen Technology, Inc. , a leading provider of software and services to the process industries, today announced that its Audit Committee appointed KPMG LLP to serve as the Company's independent registered public accounting firm for the current fiscal year ending June 30, 2008, and has filed a Form 8-K today with the SEC to this effect. (Mar 13, 2008)

Aspen Technology switches accounting firms (Boston Business Journal)

After recently being delisted from the Nasdaq stock exchange, software company Aspen Technology Inc. said today it's switching to a different independent accounting firm. (Mar 13, 2008)

An unforgiving eye: Bankers cry foul over fair value accounting rules (Financial Times)

Accounting rules rarely top senior executives’ agendas. But when Axa , the mighty French insurance firm, recently unveiled its results, its bosses were unusually outspoken in voicing their criticism of bean-counters. (Mar 13, 2008)

Accounting scandal hits House GOP campaign committee (CNN.com)

An accounting scandal at the Republican Party's House campaign organization has federal agents investigating what happened to hundreds of thousands of dollars and could affect several congressional campaigns, party officials said Thursday. (Mar 13, 2008)

AIG urges rethink on ‘fair value’ accounting (Financial Times)

American International Group is urging regulators to change controversial accounting rules on asset valuations to stem the tide of writedowns that have wreaked havoc on Wall Street. (Mar 13, 2008)

Global or Local? For Accounting Firms, It All Depends (NYTimes.com via Yahoo! Finance)

That big accounting firm may boast having offices around the world — until an office is sued. (Mar 14, 2008)

KBS Accounting Firm Official Accountant and CPA of Carolina RailHawks Pro Soccer Teams (OurSports Central)

CARY, NC (Friday, March 14, 2008) - KBS Accounting Firm, owned and managed by Gloria Kimbrough, has been named the Official Accountant and CPA of Triangle Professional Sports, LLC, the collective ownership group of the Carolina RailHawks. (Mar 14, 2008)

Accounting and Consultancy (Mondaq)

International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) will soon become the basis of financial reporting for public companies in Canada. (Mar 14, 2008)

VeraSun Names New Accounting Chief (AP via Yahoo! Finance)

VeraSun Energy Corp. said Friday it has appointed Bryan Meier as vice president of finance and chief accounting officer. (Mar 14, 2008)

Global or Local? For Accounting Firms, It All Depends (NYTimes.com via Yahoo! Finance)

That big accounting firm may boast having offices around the world — until an office is sued. (Mar 15, 2008)

Lucas Group Appoints New Accounting & Finance Managing Partner for the Atlanta Office (Centre Daily Times)

Lucas Group, an executive search firm, recently appointed Jim Barnhill as Managing Partner for its Accounting & Finance branch in Atlanta, GA. (Mar 15, 2008)

Public is due an accounting of Superferry exemption (Honolulu Star-Bulletin)

As the Hawaii Superferry remains in dry dock, so too does an accounting to the public about how the decision to exempt its operations from environmental reviews came to be made. (Mar 15, 2008)

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