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Accounting firm Parente stakes its claim to region
Parente Randolph was one of the largest accounting firms in northeastern and central Pennsylvania for two decades before it realized that the economy in those regions was not growing enough to support the firm. The solution was to branch out into larger metropolitan areas like Philadelphia. (Mon, 01 Sep 2008 04:20:25 GMT)

How to choose an accounting firm
As in so many areas of business, relationships matter in accounting — both in terms of getting references to find a firm to handle your company’s books, to maintaining a relationship with your accountant. (Mon, 01 Sep 2008 04:22:35 GMT)

Fair value accounting a struggle with standards
The implementation of a new batch of complicated accounting standards designed to more precisely determine a “fair value” for financial assets promises to ultimately make financial statements more informative. (Mon, 01 Sep 2008 06:31:25 GMT)

Business schools ramping up for switch to global accounting rules
Ohio State University’s business school is among a few nationwide taking the lead in teaching a new language of business. (Mon, 01 Sep 2008 06:38:27 GMT)

Foreclosures Nearly Triple In Virginia Since July '07
Foreclosures in Virginia nearly tripled last month compared with July 2007, with Northern Virginia accounting for more than half of the foreclosures. (Mon, 01 Sep 2008 08:01:53 GMT)

Jennifer Lewis named accounting analyst at JRCL
Jennifer Lewis has been named accounting analyst for the Swampscott-based Jewish Rehabilitation Centers for Living. (Mon, 01 Sep 2008 11:36:09 GMT)

Amplifications and corrections
Pisenti & Brinker LLP has six CPAs, and 16 percent of its overall business is devoted to the wine industry. The firm's Web site is www.pbllp.com. Incorrect information was supplied for the wine industry accounting firms list [Aug. 25, p. 12]. (Mon, 01 Sep 2008 11:40:57 GMT)

Liberia: Prosecute Liars
The ongoing Thematic and Institutional Public Hearings are continuously taking dramatic twists with witnesses accounting on their roles in Liberia's brutal past that is set from 1979 to 2003. (Mon, 01 Sep 2008 11:51:18 GMT)

ASIC looks into 2Clix links
TWO companies connected with the defunct 2Clix accounting software company are beginning to implode amid a looming ASIC probe. (Mon, 01 Sep 2008 12:00:46 GMT)

Calpine appoints interim corporate controller and principal accounting officer
Calpine, which is engaged in the generation and sale of electricity, has appointed Kenneth Graves as interim corporate controller and principal accounting officer. (Tue, 02 Sep 2008 00:31:04 GMT)

Steady Hiring Growth Remains Within the Accounting Skill Classification this Coming Fall Despite Overall Labor Market ...
While most industries are revamping their business models to adjust to the changing business climate, the need for top certified tax and general accounting talent remains a top business priority through this transition period. (Tue, 02 Sep 2008 07:01:00 GMT)

KPMG's Global Insurance practice wins Best Accounting Firm of the Year 2008 award
For the second year running KPMG's Global Insurance practice was awarded Best Accounting Firm of the Year at the Reactions Global Awards Dinner ceremony in New York. (Tue, 02 Sep 2008 11:09:29 GMT)

Looking for a Growth Career? Accounting Is Hot
(ARA) - Looking for a career with lots of growth potential? According to the Bureau of Labor Statistics, the employment of accountants and auditors is expected to grow at least 18 percent by 2016 -- a rate faster than the average for all other occupations. (Tue, 02 Sep 2008 12:54:14 GMT)

SEC accounting standards move to hit private, public firms
The seemingly inevitable switch to international accounting standards for U.S. public companies means private companies likely will have to change their reporting practices as well, accountants say. (AEP) (Tue, 02 Sep 2008 13:46:39 GMT)

SEC accounting standards move to hit private, public firms
The seemingly inevitable switch to international accounting standards for U.S. public companies means private companies likely will have to change their reporting practices as well, according to accountants. (AEP) (Tue, 02 Sep 2008 13:55:34 GMT)

BizTimes Money: Accounting firm changes name
The Milwaukee accounting firm Ritz, Holman, Butala, Fine LLP changed its name to RitzHolman CPAs this week. The firm, founded 51 years ago, was originally named Ritz Holman and Company. (Tue, 02 Sep 2008 16:56:44 GMT)

TinyBooks 6.0.0 Accounting Software Adds Auto Check
Ken Winograd and Space-Time Associates have announced a new version of TinyBooks, the accounting software for Mac OS X. It... (Tue, 02 Sep 2008 20:50:22 GMT)

Accounting switch trims tax levies
HAMMOND | A financial accounting change approved Tuesday night should significantly reduce taxes for all property owners in the city. (Wed, 03 Sep 2008 06:35:58 GMT)

Hamworthy fires divisional FD after finding accounting errors
Oil and gas services company Hamworthy has fired the finance director of its inert gas division following the discovery of accounting errors related to inventory value. (Wed, 03 Sep 2008 09:05:19 GMT)

Hamworthy fires divisional FD after finding accounting errors
Paul Grant, Accountancy Age , Wednesday 3 September 2008 at 10:01:00 Inventory overstatement of £4.6m discovered at oil and gas services company by E&Y Oil and gas services company Hamworthy has fired the finance director of its inert gas division following the discovery of accounting errors related to inventory value.... (Wed, 03 Sep 2008 09:30:58 GMT)

Demand Solutions Group Named 'Killer VAR' by WebCPA-Accounting Technology
Demand Solutions Group , a leading provider of on-demand software solutions and services, today announced that it has been named to Accounting Technology magazine's 2008 list of "Killer VARs." (Wed, 03 Sep 2008 11:00:00 GMT)

Hot small caps: Hamworthy falls on accounting error
The following is a round-up of key small cap movers on the London stock market on Wednesday. (Wed, 03 Sep 2008 12:45:00 GMT)

Local firm named to list of innovators by accounting magazine
SYRACUSE - Dermody, Burke & Brown is one of 32 accounting firms across the nation to receive an innovation award from Practical Accountant magazine. The Practice Innovation awards honor accounting firms that develop new or improved services to promote efficiency in the practice of public accounting. (Wed, 03 Sep 2008 17:32:05 GMT)

Japan Considers International Accounting Rules, Nikkei Reports
Sept. 4 (Bloomberg) -- Japan is considering adopting international accounting rules used by more than 100 countries, Nikkei English News reported. (Wed, 03 Sep 2008 20:54:46 GMT)

More Accounting Jobs Expected in Q4
MENLO PARK, Calif., Sept. 4, 2008 Hiring in accounting and finance is expected to increase in the final months of 2008, according to executives interviewed for the most recent Robert Half International Financial Hiring Index. (Thu, 04 Sep 2008 00:01:39 GMT)

Business and Accounting Software Author Lakeview Computers Introduces New Server Monitoring Solution
ERP and Accounting Software author Lakeview Computers http://www.lakeview.co.uk has launched a new server monitoring solution to provide business leaders with peace of mind that all IT hardware, backups and security activities are being constantly monitored by experts in the industry. (Thu, 04 Sep 2008 07:01:00 GMT)

UK Manufacturing, Distribution & Accounting Software Author Lakeview Software Launches Free Accounting Glossary
UK manufacturing, distribution & accounting software vendor Lakeview Software has launched a new, free accounting software glossary available at its website http://www.lakeview.co.uk/accoun (Thu, 04 Sep 2008 07:01:00 GMT)

Accounting boom shows no signs of slowing down
Enrollment in college accounting courses is up 19 percent since 2004, according to a nationwide survey administered by the American Institute of Certified Public Accountants. The Department of Accounting, within the McCombs School of Business, has also seen an increase in students studying accounting. (Thu, 04 Sep 2008 08:31:57 GMT)

Jury Selection Set to Begin in KPMG Accounting Fraud Trial, Announces Eagan O'Malley & Avenatti, LLP
NEW BRUNSWICK, N.J.----Jury selection will begin on Monday, September 8, 2008 in an accounting fraud lawsuit involving Big Four auditing firm KPMG, LLP., Cast Art Industries, LLP v. (Thu, 04 Sep 2008 12:00:00 GMT)

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD INSPECTION REPORTS UPDATE
The Public Company Accounting Oversight Board has updated its audit firm inspection reports. (Thu, 04 Sep 2008 14:10:16 GMT)

Ex-CA CEO Kumar points to others in accounting cover-up
Former CA CEO Sanjay Kumar, now serving a jail sentence following a high-profile accounting scandal at the software vendor, implicated a number of other current and former CA officials in an affidavit filed in U.S. District Court-New York Eastern District on Aug. 27. (Thu, 04 Sep 2008 16:01:00 GMT)

Ex-CA CEO Kumar Points to Others in Accounting Cover-up
Former CA CEO Sanjay Kumar has made more allegations against board members over a high-profile accounting scandal. (Thu, 04 Sep 2008 16:05:26 GMT)

Accounting, IT hiring to be flat
A net 1 percent of chief financial officers in the Puget Sound expect to add accounting and finance staff during the fourth quarter of 2008, according to the most recent Robert Half International Financial Hiring Index. (Thu, 04 Sep 2008 21:50:51 GMT)

Global Accounting Rules: Simpler, Yes. But Better?
(Fri, 05 Sep 2008 07:43:32 GMT)

Demand Solutions Group Named 'Killer VAR' By WebCPA-Accounting Technology
Demand Solutions Group (DSG), a leading provider of on-demand software solutions and services, recently announced that it has been named to Accounting Technology magazine's 2008 list of "Killer VARs. (Fri, 05 Sep 2008 08:29:33 GMT)

Livent co-accused didn't suggest improper accounting, trial told
The woman who claims she blew the whistle on accounting manipulations at Livent after stumbling upon them in July 1997 was actually aware of them eight months earlier, according to a former colleague testifying at their bosses' fraud trial. (Fri, 05 Sep 2008 08:46:07 GMT)

THE ACCOUNTING AND TAXATION RELATIONSHIP IN SPANISH LISTED FIRMS
The relationship between accounting and fiscal rules has long been controversial. Financial statements conform to accounting principles and methods regardless of tax rules. This independence generates important permanent and temporary differences between accounting and taxable income. (Fri, 05 Sep 2008 11:35:39 GMT)

Accounting change could pressure taxes
WASHINGTON, Sept. 5 (UPI) -- An accounting change by U.S. actuaries could dramatically increase contributions needed to cover the cost of public employees' pension funds, analysts said. (Fri, 05 Sep 2008 14:05:23 GMT)

Accounting change could pressure taxes
An accounting change by U.S. actuaries could dramatically increase contributions needed to cover the cost of public employees' pension funds, analysts said.The American Academy of Actuaries is considering new standards that would require local governments to provide two estimates of returns on investments made on behalf of public employee pension funds, The Washington Post reported Friday.Most ... (Fri, 05 Sep 2008 14:10:27 GMT)

Jury Selection Set to Begin in KPMG Accounting Fraud Trial
NEW BRUNSWICK, N.J., Sept. 5, 2008 (SmartPros) Jury selection will begin on Monday, Sept. 8, in an accounting fraud lawsuit involving Big Four auditing firm KPMG and Cast Art Industries. (Fri, 05 Sep 2008 18:08:16 GMT)

GE receives "'Wells notice" in hedge accounting probe
General Electric Co said on Friday it had been notified by U.S. regulators they were considering filing a civil complaint against the company following a three-year probe into GE's use of hedge accounting for derivatives. (Fri, 05 Sep 2008 20:59:29 GMT)

GE gets "Wells notice" in SEC accounting probe
General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters. (Fri, 05 Sep 2008 21:55:11 GMT)

(AFX UK Focus) 2008-09-05 23:09 UPDATE 1-GE gets 'Wells notice' in SEC accounting probe
CHICAGO, Sept 5 (Reuters) - General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters. In a filing with the U.S. Securities and Exchange Commission, the company said SEC staff had issued a so-called ... (Fri, 05 Sep 2008 22:39:59 GMT)

GE faces accounting fines
Industrial giant says in report that SEC may recommend civil punishments for accounting changes the company made. (Fri, 05 Sep 2008 23:08:17 GMT)

GE may face action over derivatives accounting
General Electric said on Friday that US securities regulators might take civil action against the conglomerate following an investigation into its accounting methods on derivatives. (Sat, 06 Sep 2008 02:43:00 GMT)

SEC might fine GE on accounting
General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made. (Sat, 06 Sep 2008 10:17:39 GMT)

Accounting methods spur action
Advisers' concerns lead to expected takeover at Fannie Mae, Freddie Mac The government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as this weekend, came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods had overstated its capital cushion, according to regulatory ... (Sun, 07 Sep 2008 09:27:52 GMT)

Why U.S. moved to take over mortgage giants
Auditors for Treasury Department found that Freddie Mac's accounting methods overstated its capital cushion, officials say. (Sun, 07 Sep 2008 11:05:48 GMT)

Fannie, Freddie Capital Concerns Prompt Paulson Plan (Update1)
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people with knowledge of the decision. (Sun, 07 Sep 2008 13:10:44 GMT)

Local accounting programs struggle to fill Ph.D. professor vacancies
As today’s accounting professors retire, few are qualified to fill their shoes. The low number of students pursuing Ph.D.s in accounting indicates a nationwide crisis in accounting education. (Mon, 08 Sep 2008 04:20:57 GMT)

Impending changes make accounting recession-proof
Even in sluggish economic times businesses still need to maintain their tax records — making the accounting profession one of the more recession-proof industries. (Mon, 08 Sep 2008 07:09:33 GMT)

SEC proposes move to international accounting rules
The Securities and Exchange Commission has proposed a roadmap that could lead to the adoption by 2014 of international accounting standards for U.S. public companies. (Mon, 08 Sep 2008 07:09:41 GMT)

An accounting
Mary Tarling of Naperville, right, presented "Accounting for Human Resource Professionals" at Aurora University's Aug. 27 Human Resources Institute, a free monthly public workshop. Tarling, AU assistant professor of accounting, discussed financial statements, budgets, and HR professionals' roles in accounting. The workshop series continues Oct. 29 at 8 a.m. in the University Banquet Hall with ... (Mon, 08 Sep 2008 09:21:37 GMT)

GE warned over accounting practices
Judith Tydd, Accountancy Age , Monday 8 September 2008 at 10:11:00 A member of the world's top ten global companies is being investigated by the SEC The US Securities and Exchange Commission (SEC) has issued a warning to General Electric (GE) over certain elements of its accounting practices.... (Mon, 08 Sep 2008 09:31:18 GMT)

GE warned over accounting practices
The US Securities and Exchange Commission (SEC) has issued a warning to General Electric (GE) over certain elements of its accounting practices. According to a report in The Daily Telegraph , the SEC has issued a 'Wells notice' against the company, inferring it has the potential to bring 'a civil injunctive action against GE for possible violations of the securities laws'. (Mon, 08 Sep 2008 10:50:36 GMT)

PrivateBancorp Names Barbara E. Briick Controller and Chief Accounting Officer
PrivateBancorp, Inc. today announced that Barbara E. Briick is named Controller and Chief Accounting Officer, effective immediately. (Mon, 08 Sep 2008 11:30:00 GMT)

U.S. Moving To Adopt International Accounting Standards
The U.S. Securities and Exchange Commission has moved to allow some large American companies to begin using international accounting standards as early as next year, and to require all U.S. companies to do so by 2016. The SEC voted unanimously on Wednesday to propose a "road map" for conversion, with eventual adoption depending in part on revised provisions for financing the group that writes ... (Mon, 08 Sep 2008 14:30:06 GMT)

Roddey joins Downtown accounting firm
Former Allegheny County Chief Executive James C. Roddey has joined McCrory & McDowell LLC, an accounting and consulting firm, as a senior consultant. (Mon, 08 Sep 2008 15:38:31 GMT)

RSM Richter and Chamberland Hodge merge into bigger accounting firm
MONTREAL - Quebec accounting firms RSM Richter and Chamberland Hodge have merged into a bigger Montreal-based business services company with more than 400 employees. (Mon, 08 Sep 2008 15:49:09 GMT)

CREDO Petroleum Reports Change in Accounting Method for Natural Gas Hedges
DENVER----CREDO Petroleum Corporation today reported that the company has changed its method of accounting for natural gas hedges to reflect unrealized gains and losses on open hedge contracts in the income statement rather than on the balance sheet. (Tue, 09 Sep 2008 12:00:00 GMT)

IFRS GAAP International Accounting Expert Available to Discuss SEC's Roadmap for IFRS Adoption
CHICAGO----Barry Jay Epstein, Ph.D., CPA, a Partner with the Chicago-based accounting firm Russell Novak & Company , anticipated the eventual U.S. conversion from Generally Accepted Accounting Principles to International Financial Reporting Standards more than ten years ago. (Tue, 09 Sep 2008 13:00:00 GMT)

CREDO Petroleum Reports Change in Accounting Method for Natural Gas Hedges
CREDO Petroleum Corporation (NASDAQ: CRED) today reported that the company has changed its method of accounting for natural gas hedges to reflect unrealized gains and losses on open hedge contracts in the income statement rather than on the balance sheet. The cumulative effect from the beginning of fiscal 2005 through the third quarter of 2008 was to reduce net income by $182,000 and diluted ... (Tue, 09 Sep 2008 13:17:31 GMT)

IFRS GAAP International Accounting Expert Available to Discuss SEC's Roadmap for IFRS Adoption
Barry Jay Epstein, Ph.D., CPA, a Partner with the Chicago-based accounting firm Russell Novak & Company (www.RNCO.com), anticipated the eventual U.S. conversion from Generally Accepted Accounting Principles (U.S. GAAP) to International Financial Reporting Standards (IFRS) more than ten years ago. As the lead co-author of "Wiley GAAP" and "Wiley IFRS," now in their 24th and 12th editions ... (Tue, 09 Sep 2008 13:31:34 GMT)

Anderson School’s Young wins accounting educator award
Joni Young, professor of accounting at the University of New Mexico’s Anderson School of Management, will receive the 2008 Outstanding Accounting Educator Award from the New Mexico Society of Certified Public Accountants. (Tue, 09 Sep 2008 16:30:01 GMT)

NYSE Euronext 'Volunteers' To Adopt International Accounting Standards
KANSAS CITY -(Dow Jones)- NYSE Euronext (NYX) will volunteer to adopt international accounting standards as part of a pilot program proposed by U.S. regulators. (Tue, 09 Sep 2008 20:02:12 GMT)

From Jail Ex-CA CEO Implicates CA Members in CA's Massive Accounting Fraud & Cover-up
From his cell in a federal prison in New Jersey former CA CEO Sanjay Kumar pointed an accusing finger at CA founder Charles Wang and said that Wang was the real author of the $2.2 billion accounting fraud that sent Kumar to jail for 12 years and nearly destroyed the company. read more (Tue, 09 Sep 2008 21:46:30 GMT)

Poor accounting at the centre of charities' malpractice
Penny Sukhraj, Accountancy Age , Wednesday 10 September 2008 at 09:44:00 The Charities Back on Track report is the result of 799 assessments of charities in the last year Poor basic accounting and reporting practices are still the main causes of malpractice among charities. This is according to the Charity Commission, which conducted its first annual review of the... (Wed, 10 Sep 2008 09:01:08 GMT)

Fannie Mae and Freddie Mac's accounting branded 'House of Cards'
US mortgage giants Fannie Mae and Freddie Mac's accounting rules have been branded as a 'house of cards' by a senior US Senator. The criticism was made by Senator Richard Shelby, a Senate Banking Committee member after a briefing by US Treasury officials, the Irish Independent said. (Wed, 10 Sep 2008 10:20:15 GMT)

Poor accounting at the centre of charities' malpractice
Poor basic accounting and reporting practices are still the main causes of malpractice among charities. This is according to the Charity Commission, which conducted its first annual review of the key themes that arose from its compliance work from April 2007 to March 2008. (Wed, 10 Sep 2008 10:20:35 GMT)

Fannie Mae and Freddie Mac's accounting branded a 'house of cards'
David Jetuah, Accountancy Age , Wednesday 10 September 2008 at 09:43:00 US senator slams troubled mortgage lenders' accounting practices after briefing from US Treasury US mortgage giants Fannie Mae and Freddie Mac's accounting rules have been branded as a 'house of cards' by a senior US Senator.... (Wed, 10 Sep 2008 10:30:42 GMT)

Lean Times for Accounting Firms?
Deloitte confirmed that it dismissed about 800 professionals and staff in the United States, amid speculation that the Big Four accounting firms are cutting back because of the slowing economy and relaxed compliance rules. (Wed, 10 Sep 2008 11:41:00 GMT)

South Africa: Big Chance for Smaller Law, Accounting Firms
THE economic slowdown has created opportunities for smaller and medium-sized legal and accounting firms to compete with far larger professional services firms. (Wed, 10 Sep 2008 11:45:15 GMT)

Swap-A-Debt Retains PCOAB Registered Accounting Firm
Swap-A-Debt, Inc. is pleased to announce that PS Stephenson & Co., PC of Wharton TX, a PCAOB registered accounting firm, was retained to audit the financials of the company. The audits of the company were completed last week and shall be posted on Edgar early next week. (Wed, 10 Sep 2008 13:27:00 GMT)

WaMu stock down 22 percent over accounting rules
Washington Mutual Inc shares slumped 22 percent on Wednesday on fears that new accounting rules may dissuade potential buyers for the distressed savings and loan. (Wed, 10 Sep 2008 16:40:56 GMT)

WaMu Falls on Concern Accounting Will Deter Suitors (Update1)
Sept. 10 (Bloomberg) -- Washington Mutual Inc. , the largest U.S. savings & loan, failed to interest suitors in a purchase this year because new accounting rules for devalued loans are driving away buyers, two bankers involved in the talks said. The stock fell 30 percent to an 18-year low. (Wed, 10 Sep 2008 20:43:02 GMT)

BUSINESS NEWS: Accounting rules may change in U.S.
Securities regulators recently gave the go-ahead to a plan that could require thousands of companies to change from U.S. accounting standards to global accounting rules that are quickly gaining favor abroad. (Thu, 11 Sep 2008 07:25:27 GMT)

US court OKs $183 million award in accounting case
A federal appeals court has upheld a $183 million malpractice award against accounting giant PricewaterhouseCoopers stemming from audits of a collapsed insurance company. (Thu, 11 Sep 2008 11:47:55 GMT)

Accounting/Billing Software ensures DCAA compliance.
Providing project accounting solution for small to medium U.S. government contractors and project-focused businesses, GCS Premier v5.0 comes with user interface that offers role-based navigation and process-driven workflows. Premier Billing embeds functionality within Microsoft Excel 2007 to aid billing processes. Pre-built and customizable templates facilitate fast invoicing, while data ... (Thu, 11 Sep 2008 12:51:11 GMT)

EMPLOYERS OPPOSE PROPOSED NEW PENSION ACCOUNTING RULES DESPITE DESIRE FOR CHANGE, WATSON WYATT SURVEY FINDS
Employers believe changes to current pension accounting standards are necessary, but most are not in favor of the changes proposed in the International Accounting Standards Board's (IASB's) preliminary views paper, according to a recent survey by Watson Wyatt Worldwide. (Thu, 11 Sep 2008 13:50:45 GMT)

Out to Sea Outsources Accounting Infrastructure to CFO Rick
CFO Rick, an accounting services firm dedicated to start-up organizations and families of high net worth in the Bay Area, announced that it has been hired by Out to Sea, a specialty skin product company focusing on the tattoo and body art industry. Out to Sea products are available in over 50 retail stores across the United States. (Thu, 11 Sep 2008 14:00:00 GMT)

UNIVERSITY PROFESSORS BELIEVE THAT ADMINISTRATORS ARE GENERALLY UNAWARE OF CHALLENGES FACING ACCOUNTING DEPARTMENTS
Relatively few universities currently have a strategy in place to incorporate International Financial Reporting Standards (IFRS) into accounting curricula in the 2008-2009 academic year, according to the results of a survey of accounting faculty conducted by the American Accounting Association and KPMG LLP, the audit, tax and advisory firm.... (Thu, 11 Sep 2008 14:12:00 GMT)

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD INSPECTION REPORTS UPDATE - 10 NEW REPORTS
The Public Company Accounting Oversight Board has updated its audit firm inspection reports. De Leon & Company, P.A. (Thu, 11 Sep 2008 14:12:14 GMT)

Accounting boards set 2011 goal for joint projects
The International Accounting Standards Board and the Financial Accounting Standards Board said on Thursday they had updated a 2006 memorandum of understanding to set a goal of completing major joint projects by 2011. (Thu, 11 Sep 2008 14:47:37 GMT)

Advanced accounting workshop designed for producers, bookkeepers
Penn State Dairy Alliance is offering an accounting workshop to help producers and bookkeepers in dairy and all agricultural businesses learn how to better manage their accounting systems and improve profitability. (Fri, 12 Sep 2008 05:42:12 GMT)

Outsourcing accounting and finance
Nancy McGee discusses options for outsourcing accounting and finance functions in a smaller nonprofit. (Fri, 12 Sep 2008 13:01:33 GMT)

Executive Briefing
A survey says a lion's share of U.S. companies oppose changes in current pension accounting rules that may result if the U.S. adopts new international accounting standards. (Fri, 12 Sep 2008 21:47:59 GMT)

KeyMark names new accounting and finance manager
Goodwin will be responsible for the preparation and analysis of KeyMark’s financial statements and internal controls. (Sun, 14 Sep 2008 00:43:52 GMT)

Accounting change may aid referendum
More than 60 Wisconsin school districts got an earlier start than Madison did in instituting a bookkeeping change that potentially saves local property owners millions of dollars in taxes. But led by a new superintendent and business manager, Madison last month adopted the accounting measure -- a move that school officials hope will strengthen community support for a Nov. 4 referendum. The ... (Sun, 14 Sep 2008 04:59:11 GMT)

Freddie, Fannie scams hidden in broad daylight
When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one of the greatest accounting scams committed in broad daylight. (Sun, 14 Sep 2008 05:16:53 GMT)

COMPANIESBrockman, Coats, Gedelian &a...
COMPANIES Brockman, Coats, Gedelian & Co.The Akron-based accounting and business consulting firm was recognized as a NorthCoast 99 award recipient for the fourth year in a row as one of the 99 best places to work in Northeast Ohio for top talent. The award is presented by the Employers Resource Council. Fallsway Equipment Co. (Sun, 14 Sep 2008 06:12:17 GMT)

FLESH AND 'BLOOD'
Thank goodness vampires don't age. Otherwise there'd be no accounting for the appeal of Bill Compton, the 173-year old bloodsucker who's half of the to-die-for couple on HBO's new series "True Blood." Bill is the perfectly sexy combination of... (Sun, 14 Sep 2008 09:08:57 GMT)

Show me the money
Venture capitalism means taking a risk of losing it all, or building great riches by finding the next Google. In the second quarter, 990 venture capital investments worth $7.4 billion were made nationwide, according to the MoneyTree Report from PricewaterhouseCoopers, the accounting and consulting firm.Upstate New York, though, got just eight deals worth $21 million. One of the benefits of ... (Sun, 14 Sep 2008 09:20:33 GMT)

ClientWhys and Swizznet Team Up to Offer Tax Accountants Online Accounting Services for their QuickBooks Clients
ClientWhys and Swizznet have just announced a partnership that allows ClientWhys CPAs and Tax Accountants the ability to integrate Swizznet online accounting solutions directly into their website. (Mon, 15 Sep 2008 07:01:00 GMT)

SEC lays out plans for shift to international accounting
The Securities and Exchange Commission recently issued guidelines for changing accounting standards for the nation’s publicly traded companies, rules that many expect to trickle down to all businesses, regardless of size or type. (Mon, 15 Sep 2008 07:27:09 GMT)

KPMG forewarned XL board of accounting woes
AccountancyAge.com, Accountancy Age , Monday 15 September 2008 at 08:22:00 KPMG resigned as auditor of XL, forewarning its board it had ignored ‘potential accounting irregularities KPMG resigned in 2006 as auditor of the collapsed travel company XL Leisure, after forewarning its board it had ignored ‘potential accounting irregularities’and was replaced by and was replaced by... ... (Mon, 15 Sep 2008 07:46:35 GMT)

Lehman Brothers UK operation in administration
The accounting firm PriceWaterhouseCoopers says British operations of Lehman Brothers have been placed under administration. (Mon, 15 Sep 2008 08:44:31 GMT)

KPMG forewarned XL board of accounting woes
The Sunday Times reports KMPG said in a strongly worded resignation letter the company had ‘not satisfactorily addressed the concerns we had raised about other arrangements and potential accounting irregularities in the financial statements’. (Mon, 15 Sep 2008 09:03:03 GMT)

WHERE THE DIRTY SURPLUS ACCOUNTING FLOWS ARE?
Purpose – The purpose of this paper is to locate the specific items from the financial statements that are responsible for the dirty surplus accounting flows and how important they are in its explanation. (Mon, 15 Sep 2008 12:26:56 GMT)

More errors for Rangel; to hire new accountant
A new set of potential problems in Rep. Charles Rangel's financial papers has prompted the tax-writing lawmaker to decide to hire a forensic accounting expert to try to unravel the mess. (Mon, 15 Sep 2008 13:28:50 GMT)

AN ANALYSIS OF THE RELATIONSHIP BETWEEN ACCOUNTING RESTATEMENTS AND QUANTITATIVE BENCHMARKS OF AUDIT PLANNING ...
Purpose – The purpose of this paper is to investigate the relationship between the amounts obtained using professionally accepted quantitative benchmarks of audit planning materiality and the size of accounting misstatements corrected by financial statements restatements. (Mon, 15 Sep 2008 13:41:56 GMT)

Accounting Expert Hired To Sort Out Rangel's Financial Mess
A new set of potential problems in Rep. Charles Rangel's financial papers has prompted the tax-writing lawmaker to decide to hire a forensic accounting expert to try to unravel the mess. (Mon, 15 Sep 2008 15:41:12 GMT)

SEC Charges Pasta Executives With Accounting Fraud
Washington, D.C., Sept. 15, 2008 — The Securities and Exchange Commission today charged Kansas City-based American Italian Pasta Company (AIPC) and its former senior executives for engaging in a fraudulent accounting scheme to artificially increase the company's stock price and mislead investors about the company's earnings. (Mon, 15 Sep 2008 17:41:23 GMT)

Milan loses town accounting consultant
MILAN - The town of Milan will soon lose its accounting consultants for the second time in five months. (Tue, 16 Sep 2008 07:19:28 GMT)

American Italian Pasta Company Concludes Settlements with DOJ and SEC on Historical Accounting Practices
Resolve investigations to historical accounting and financial reporting (Tue, 16 Sep 2008 09:16:53 GMT)

Booster parents get accounting lesson
PEABODY and mdash; The groups that support schools and sports will be getting a lesson in accounting. Superintendent C. Milton Burnett has plans for parent-teacher and booster organizations to meet this fall to learn financial basics. (Tue, 16 Sep 2008 09:45:40 GMT)

SEC Adopts Global Accounting Rules
Plan reflects a shift away from a rules-based accounting regulatory framework to a more principles-based system. (Tue, 16 Sep 2008 10:02:49 GMT)

SEC Adopts Global Accounting Rules
Plan reflects shift away from rules-based accounting to a more principles-based system. (Tue, 16 Sep 2008 10:09:39 GMT)

Accounting experts push fair value rules
There will be no let-up in the use of fair market values for banks’ holdings, even in illiquid markets, according to international accounting rulemakers. (Tue, 16 Sep 2008 22:18:10 GMT)

Nekoosa school audit finds three accounting errors
NEKOOSA -- Questions surrounding accounting irregularities in the school districts budget were found to be errors committed by an auditor and former employee, the districts superintendent said. (Wed, 17 Sep 2008 08:59:43 GMT)

Grand Terra Introduces ArrowBooks Online Accounting Software for Small Business Owners
New, easy-to-use web-based software is designed to make accounting, bookkeeping and business report generation as easy as possible for small businesses. (PRWeb Sep 17, 2008) Read the full story at http://www.prweb.com/releases/20 (Wed, 17 Sep 2008 09:07:13 GMT)

Sheriff agrees to do 'better job' with accounting
Larimer County commissioners have backed away from seeking an audit of the Sheriff's Office's accounting methods after receiving an explanation of apparent discrepancies in its records. (Wed, 17 Sep 2008 11:16:11 GMT)

ACS Selects Digital Fuel SLM to Drive Finance & Accounting Service Excellence
SAN MATEO, Calif.----Digital Fuel®, the leader in customer-facing Service Management software solutions, today announced that Affiliated Computer Services, Inc. has selected Digital Fuel’s ServiceFlow ITIL v3 Service Level Management solution to enhance the management of its Finance & Accounting services. (Wed, 17 Sep 2008 12:01:00 GMT)

ACS Selects Digital Fuel SLM to Drive Finance & Accounting Service Excellence
Digital Fuel(R), the leader in customer-facing Service Management software solutions, today announced that Affiliated Computer Services, Inc. (ACS) has selected Digital Fuel's ServiceFlow ITIL v3 Service Level Management (SLM) solution to enhance the management of its Finance & Accounting (F&A) services. The ACS F&A business unit will use ServiceFlow to automate SLM processes to ensure the ... (Wed, 17 Sep 2008 12:44:22 GMT)

Novatel Wireless Announces Completion of Independent Accounting Review
Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of wireless broadband access solutions, today announced that the Audit Committee of its Board of Directors, together with its independent counsel and accountants, has completed its accounting review, that no restatement of the Company's financial statements is required, and that no material weaknesses are expected to be reported in the ... (Wed, 17 Sep 2008 12:45:52 GMT)

Today’s Inbox: Financial losses about accounting, not cash
The recent problems with Lehman Brothers and AIG are liquidity problems, not solvency problems. They don’t have enough cash to cover obligations created because of accounting losses and not real losses. (Wed, 17 Sep 2008 13:29:33 GMT)

Capital City Energy Appoints Doug Crawford as Chief Accounting Officer - Quick Facts
(RTTNews) - Wednesday, Capital City Energy Group (CETG.OB) said it appointed Doug Crawford as chief accounting officer. Crawford, who is credited with 19 years of experience, was chief financial officer with Ports Petroleum Co. Inc. (Wed, 17 Sep 2008 15:27:48 GMT)

Chief Accounting Office Clarifies Accounting Issues Related To Bank Support For Money Market Mutual Funds
(RTTNews) - The Security and Exchange Commission's Chief Accountant Office released a statement Wednesday clarifying accounting issues relating to bank support for money market mutual funds. (Wed, 17 Sep 2008 15:28:18 GMT)

Capital City Energy Group Hires Chief Accounting Officer
Capital City Energy Group (OTCBB:CETG) has hired Doug Crawford as Chief Accounting Officer. (Wed, 17 Sep 2008 15:35:23 GMT)

Novatel finishes independent accounting review, says it won't need to restate financials
SAN DIEGO (AP) - Novatel Wireless Inc. said Wednesday that it finished an independent accounting review, and the wireless modem maker won't need to restate any of its financial statements. (Wed, 17 Sep 2008 19:02:06 GMT)

Aguirre Calls For Accounting Of Pension Losses
City Attorney Michael Aguirre called today for a full accounting of investment losses incurred by the San Diego City Employees' Retirement System as a result of the stock market decline. (Wed, 17 Sep 2008 23:26:01 GMT)

THE ACCOUNTING STANDARDS OVERSIGHT COUNCIL SEEKS A NEW CHAIR FOR THE ASB
The term of office of the present Accounting Standards Board (AcSB) Chair, Paul Cherry, expires on March 31, 2009. Paul, an acknowledged expert in Canadian GAAP and with an extensive knowledge of US GAAP and International Financial Reporting Standards (IFRSs), has indicated that he is unavailable to extend yet again his current term as the AcSB Chair. (Wed, 17 Sep 2008 23:28:42 GMT)

Namibia: Deloitte Boosts Accounting
SWAKOPMUND - Every year, Deloitte Namibia awards bursaries to the tune of N$1 million to accounting students to help fill the increasing demand for skilled personnel in the accounting profession. (Thu, 18 Sep 2008 11:36:29 GMT)

Intuit Announces QuickBooks Accounting 2009 for Mac with Major New Features
Intuit announced QuickBooks Accounting 2009 for Mac Thursday, an upgrade the company called the "most significant upgrade in product history." The new version offers new features such as a Home Page for one-click access to key tasks, a new way to view data in real-time called Centers... (Thu, 18 Sep 2008 14:47:42 GMT)

Consero Global Solutions Named #1 Worldwide Provider of Mid-Market Finance and Accounting by Black Book of Outsourcing
Consero Global Solutions, a recognized leader in finance and accounting (F&A) outsourcing services, announced today that it has been named No. 1 worldwide on the Brown-Wilson Group's 2008 Black Book of Outsourcing list of mid-market Financial and Accounting Outsourcing (FAO) vendors. In its second consecutive year as a Black Book of Outsourcing top vendor, Consero is recognized for its ... (Thu, 18 Sep 2008 14:51:22 GMT)

NEWS FROM SOUTH AFRICA’S ACCOUNTING STANDARDS BOARD
The South African Accounting Standards Board considered the impact of the Improvements Project in view of the Minister of Finance’s approval of the majority of GRAP Standards. the Board delayed the implementation to provide affected entities with sufficient time to adjust to the requirements of these new Standards. (Thu, 18 Sep 2008 16:12:06 GMT)

BUSINESS ACCOUNTING VOLUMES 1 & 2
Every year, thousands of students rely on Frank Wood's best-selling books to help them pass their accountancy exams. Business Accounting Volume 1 and 2 are the worldâ€™s best-selling textbooks on bookkeeping and accounting. (Thu, 18 Sep 2008 18:57:06 GMT)

EU expects full accounting of China milk scandal
Source: Reuters By Ben Blanchard BEIJING, Sept 19 (Reuters) - Europe expects that China will provide a full accounting of a tainted milk powder scandal and punish any cover-ups, a senior EU official said on Friday ... (Fri, 19 Sep 2008 05:50:54 GMT)

EU expects full accounting of China milk scandal
Europe expects that China will provide a full accounting of a tainted milk powder scandal and punish any cover-ups, a senior EU official said on Friday. (Fri, 19 Sep 2008 05:54:31 GMT)

Moulton slams 'absurd' accounting for banks' crisis
David Jetuah, Accountancy Age , Friday 19 September 2008 at 10:07:00 Private equity firebrand says 'absurd' accounting rules must be partly to blame for the current market troubles Jon Moulton has branded the accounting rules governing banking disclosures after the implosion of Lehman Bros. Speaking to Accountancy Age before a high-profile COA Solutions conference at the ICAEW in... ... (Fri, 19 Sep 2008 09:31:46 GMT)

Moulton slams 'absurd' accounting for banks' crisis
Jon Moulton has branded the accounting rules governing banking disclosures after the implosion of Lehman Bros. Speaking to Accountancy Age before a high-profile COA Solutions conference held at the ICAEW, Moulton said: 'Lehman Brothers went that way because [investors] trusted the numbers. (Fri, 19 Sep 2008 09:32:59 GMT)

New Accounting Challenges Ahead for M&A
Mergers and acquisitions could become even more complex in a few months, when new accounting rules kick in related to business combinations and fair-value calculations, Compliance Week writes. (Fri, 19 Sep 2008 12:40:03 GMT)

Innovex engages BDO Seidman, LLP as Independent Registered Public Accounting firm - quick facts
(RTTNews) - Innovex (INVX.PK) announced that it has engaged BDO Seidman, LLP as its Independent Registered Public Accounting firm. (Fri, 19 Sep 2008 13:28:11 GMT)

Tampa To Get Full, Regular Accounting Of Zoo Animals
Lowry Park Zoo leaders agreed today that the zoo's animals belong to Tampa and that a full accounting of the animals will be made to the city on a regular basis. (Fri, 19 Sep 2008 18:33:59 GMT)

Accounting guide soon
KUALA LUMPUR: CPA Australia has been awarded a contract to develop an accounting practice guide to help 2.5 million accountants in 118 countries, including Malaysia. At its meeting here, the New York-based International Federation of Accountants (IFAC) asked it to develop a practice management guide for small- and medium-sized practices, to be offered free to all IFAC's 155 member bodies for use ... (Fri, 19 Sep 2008 23:36:41 GMT)

Obama adviser spun Enron-like accounting scandal
NEW YORK – Former Clinton administration budget adviser and current Obama housing adviser Franklin Raines perpetrated an Enron-like accounting scandal as chief executive officer of Fannie Mae, resulting in him receiving millions in compensation over a six-year period. (Sun, 21 Sep 2008 00:33:26 GMT)

Jobs calendar
Several local companies such as Amazon.com will represent industries including health care, finance and accounting, retail and wholesale. (Sun, 21 Sep 2008 07:39:44 GMT)

Business people / Hires, Promotions & Honors
Tronconi Segarra and Associates, a Williamsville-based certified public accounting and business-consulting firm, named Joseph M. Falbo Jr. a partner. Falbo, formerly a partner at Swiantek and Falbo, specializes in cross-border taxation. He is a graduate of Niagara University. The firm will maintain his office at 345 Third St. in Niagara Falls as its second location. (Sun, 21 Sep 2008 11:07:26 GMT)

The Hindu Business Line : Accounting is like scorekeeping
DR KAMAL GUPTA, FORMER TECHNICAL DIRECTOR, ICAI. (Sun, 21 Sep 2008 19:12:53 GMT)

Fewer beans to count, but accounting firms booming
A slow economy is creating a lot of business for accounting firms as clients go looking to them for advice on maximizing profit and shifting strategy. (Mon, 22 Sep 2008 04:42:18 GMT)

Competition intense for new accounting graduates
Professor Susan Marcum’s accounting graduate students are having employment troubles. (Mon, 22 Sep 2008 04:50:36 GMT)

Chrysler Financial Selects Trintech's AssureNET GL to Automate and Control Key Accounting Activities and ReconNET for ...
Trintech Group Plc , a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching. (Mon, 22 Sep 2008 05:00:00 GMT)

Business briefs
Chief accounting officer for Xerox honored Nothnagle opens its 23rd branch in Geneseo Pittsford distributor joins with Pa. developer Mural encourages doing business in N.Y. Bausch & Lomb can sell its Akreos AO Lens Financial professional completes training (Mon, 22 Sep 2008 07:15:39 GMT)

KELLNER: Mac users can keep receipts Neat, mostly
There may be a few dour souls who actually enjoy gathering up the receipts from their trips, pasting or taping them to paper, and assembling the package for the legions in accounting. I'm not one of them. (Mon, 22 Sep 2008 08:46:55 GMT)

Taiwan jobless rate rises in August
(RTTNews) - Monday, the results of the Manpower Survey announced by the Directorate General of Budget, Accounting and Statistics showed that the jobless rate rose to a seasonally adjusted 3.93% in August from 3.91% logged in July. A year ago, the jobless rate was 3.87%. Economists were looking for a rate of 3.91%. (Mon, 22 Sep 2008 11:18:28 GMT)

News 8 @ Sunrise: Retirement & Investment Anxiety
Many people are anxious about retirement accounts and investing. Accounting firms have been inundated with questions over the past week, according to our guest on News 8 Now at Sunrise. (Mon, 22 Sep 2008 12:42:39 GMT)

University accounting program prepares for possible changes
Accounting students face a shifting future due to the Securities and Exchange Commission's (SEC) proposed adoption of international accounting standards. (Mon, 22 Sep 2008 15:05:22 GMT)

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