Online Accounting and Tax Resources

Accounting News

Accounting Guide

Accounting Services

Tax Services

Resources

Home Security News Oct 2008

Custom Search

Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007

1 2 Next

Government to clarify accounting rules for banks
Federal regulators on Tuesday clarified accounting rules for banks in a way immediately embraced by the industry, which has been seeking relief that could boost its balance sheets in the financial crisis. (Wed, 01 Oct 2008 01:17:29 GMT)

Clarification of accounting rule sparks debate
The Securities and Exchange Commission on Tuesday clarified its position on controversial bookkeeping rules, thrusting arcane accounting practices into the center of the credit crisis debate. (Wed, 01 Oct 2008 02:35:54 GMT)

Sarkozy seeks EU-wide accounting rule change
President Nicolas Sarkozy of France is to urge his European Union counterparts to back changes to accounting rules and give banks and ins-urers some breathing space amid the market turmoil. (Wed, 01 Oct 2008 10:49:38 GMT)

A pressure on regulators and accounting rulemakers to ease fair value accounting standards – another financial ...
A pressure on regulators and accounting rulemakers to ease fair value accounting standards – another financial catastrophe in the making Suzan Poloy The politicians on the both side sof the isle are now eager to pressure on regulators and accounting rulemakers to ease fair value accounting standards. (Wed, 01 Oct 2008 11:03:16 GMT)

Banking industry embraces clarified accounting rules
Federal regulators clarified accounting rules for banks yesterday in a way that was immediately em BRAC ed by the industry, which has been seeking relief that could boost its balance sheets in the financial crisis. (Wed, 01 Oct 2008 11:54:40 GMT)

SEC eases ‘mark to market’ accounting rule
The U.S. Securities & Exchange Commission Tuesday decided to ease “mark to market” accounting rules which have hurt banks, mortgage lenders and the housing sector during the downturn. (Wed, 01 Oct 2008 14:17:38 GMT)

SEC accounting rule change draws fire
NEW YORK, Oct. 1 (UPI) -- The Securities and Exchange Commission's new, relaxed accounting rules could give U.S. businesses too much leeway in assessing their assets, critics said. (Wed, 01 Oct 2008 18:02:28 GMT)

In Defense of Mark-to-Market Accounting
Poor mark-to-market accounting. Lots of politicians, policy analysts and pundits are blaming it for our financial meltdown. (Wed, 01 Oct 2008 18:50:14 GMT)

Investors battle fair value accounting suspension
Institutional investors and the accounting industry on Wednesday lashed out against potential plans to suspend rules used to account for banks' hard-to-price assets, saying it would deprive investors of critical information. (Wed, 01 Oct 2008 21:18:13 GMT)

PhillyDeals: PhillyDeals: SEC eases up an accounting rule
The Securities and Exchange Commission has changed course, easing an accounting rule just in time for banks to boost their third-quarter 2008 profit reports, which investors fear will be Halloween-scary. (Thu, 02 Oct 2008 07:36:30 GMT)

Comment: Sounding the depths on accounting standards
Blaming accounting rules for the current financial crisis is a little like blaming a flood on how you measure the depth of the floodwater. Entire asset classes have been submerged and whole banks have been swept away. That does not mean that changing the way we measure the depth the depth will magic the deluge away. (Thu, 02 Oct 2008 10:22:53 GMT)

Africa: Accounting in U.S. 'Needs to Catch Up'
THE call to suspend mark-to-market accounting in the US in light of the subprime crisis may not be necessary, say accounting analysts. (Thu, 02 Oct 2008 10:49:13 GMT)

Fight Escalates Over Fair-Value Accounting
Institutional investors and the accounting industry on Wednesday lashed out against potential plans to suspend rules used to account for banks’ hard-to-price assets, saying it would deprive investors of critical information, Reuters reported. (Thu, 02 Oct 2008 12:00:34 GMT)

Government to clarify accounting rules
WASHINGTON -- Federal regulators have clarified accounting rules for banks in a way immediately embraced by the industry, which has been seeking relief that could boost its balance sheets in the financial crisis. (Thu, 02 Oct 2008 12:58:46 GMT)

Former accounting officer with First Nations university charged
REGINA - A former accounting officer at the First Nations University of Canada has been charged with stealing from the institution. Janet Kurtz, 42, now lives in Toronto so her lawyer appeared on her behalf in provincial court on Wednesday. (Thu, 02 Oct 2008 13:11:14 GMT)

Canada accounting board may clarify fair-value rule
The body that sets Canada's accounting standards will decide this month whether to expand guidance on how to estimate the fair value of financial instruments in thinly traded markets, the head of the Accounting Standards Board said on Thursday. (Thu, 02 Oct 2008 19:23:00 GMT)

GOP Lawmaker Seeks Hearing On Mark-to-Market Accounting
WASHINGTON -(Dow Jones)- The senior Republican on the House Financial Services Committee is seeking a hearing on whether fair-value accounting may have contributed to a weakening economy and tight credit conditions. (Thu, 02 Oct 2008 22:11:39 GMT)

UPDATE: Lawmaker Seeks Hearing On Mark-To-Market Accounting
(Updated, adds comment from Rep. Frank's spokesman.) WASHINGTON -(Dow Jones)- The senior Republican on the House Financial Services Committee is seeking a hearing on whether fair-value accounting may have contributed to a weakening economy and tight credit conditions. (Thu, 02 Oct 2008 22:41:53 GMT)

ACCOUNTING STANDARDS OVERSIGHT COUNCIL ANNUAL REPORT
The Canadian Accounting Standards Oversight Council has issued its 2007-2008 Annual Report, which includes reports on the Accounting Standards Board's and Public Sector Accounting Board's activities and performance during the year. (Fri, 03 Oct 2008 05:16:52 GMT)

CANADIAN PUBLIC SECTOR ACCOUNTING STANDARDS BOARD SEPTEMBER DECISION SUMMARY
The Canadian Public Sector Accounting Standards Board (PSAB) met on September 18-19, 2008 and discussed a number of topics, both Canadian specific and in relation to IFRS. (Fri, 03 Oct 2008 05:17:12 GMT)

(AFX UK Focus) 2008-10-03 10:50 EU firms urge accounting review, bank stability
BRUSSELS, Oct 3 (Reuters) - European companies on Friday urged European G8 leaders to consider changes in accounting rules, ensure the stability of the banking system and guarantee a smooth flow of credit when they meet on Saturday in Paris. Leaders of France, Britain, Italy and Germany as well as European Central Bank President Jean-Claude Trichet and the chairman of euro zone finance ... (Fri, 03 Oct 2008 10:18:14 GMT)

Work-life balance possible for women :Saint Mary's accounting grads share experiences with students.
SOUTH BEND -- As a senior accounting major, Thelma Garcia sometimes worries about how her future career will coincide with being a wife and mother. (Fri, 03 Oct 2008 11:15:07 GMT)

Intacct CEO Mike Braun Named to Accounting Today's List of the 100 Most Influential People in Accounting
Intacct, a leader in on-demand financial management and accounting applications, today announced that Accounting Today has named Intacct president and CEO Mike Braun to its "2008 Top 100 Most Influential People in Accounting" list. The Top 100, established nearly 15 years ago, was created to recognize leaders who bring their experience and authority to the advancement of the accounting ... (Fri, 03 Oct 2008 12:30:00 GMT)

Comment: Sounding the depths on accounting standards
Blaming accounting rules for the current financial crisis is a little like blaming a flood on how you measure the depth of the floodwater. Entire asset classes have been submerged and whole banks have been swept away. That does not mean that changing the way we measure the depth will magic the deluge away. (Fri, 03 Oct 2008 13:38:45 GMT)

IASB makes fresh commitment to consider accounting in a crisis
The international accounting standard setter has said statements made on fair value in the US do not amend the now controversial rule but offer guidance on using fair value in illiquid markets. (Fri, 03 Oct 2008 16:28:59 GMT)

SEC Chairman, Big Four Accounting Executives Meet Friday
WASHINGTON -(Dow Jones)- Securities and Exchange Commission Chairman Christopher Cox is meeting with executives from Big Four accounting firms Friday. (Fri, 03 Oct 2008 18:59:01 GMT)

Texas Experts Form Gordius Consulting: A Litigation Consulting, Forensic Accounting, Business Valuation, and Disaster ...
Two prominent Houston-area litigation support experts have opened a niche litigation, forensic accounting, business valuation, and crisis management consulting firm, Gordius Consulting LLC. Credentials are available for review at www.gordiusconsulting.com. (Fri, 03 Oct 2008 19:30:56 GMT)

ECU student receives national accounting scholarship
Nataly Keeton, a senior at East Central University, has been awarded a $3,000 American Institute of Certified Public Accountants Scholarship for Minority Accounting Students for the 2008-09 academic year. (Fri, 03 Oct 2008 20:27:56 GMT)

(AFX UK Focus) 2008-10-03 21:31 BRIEF-Accounting firms urge SEC to not suspend fair value rules
WASHINGTON, Oct 3 (Reuters) - The chief executives of the Big Four accounting firms met Friday with the chairman of the U.S. Securities and Exchange Commission to discuss their opposition to suspending fair value accounting rules, according to sources familiar with the meeting. * The firms urged the SEC to not suspend the rules, also known as mark-to-market, despite calls from many U.S. ... (Fri, 03 Oct 2008 21:01:09 GMT)

Accounting Firms Urge SEC to not Suspend Fair Value Rules
WASHINGTON (Reuters via COMTEX) -- The chief executives of the Big Four accounting firms met Friday with the chairman of the U.S. Securities and Exchange Commission to discuss their opposition to suspending fair value accounting rules, according to sources familiar with the meeting. (Fri, 03 Oct 2008 23:24:45 GMT)

SEC gets power to suspend the mark-to-market accounting rule
A hotly contested accounting rule at the center of the financial crisis has reared up again in the bailout bill, but not in a way that will answer questions for months. (Fri, 03 Oct 2008 23:42:06 GMT)

Europe Summit to Focus on Oversight, Accounting Rules (Update2)
Oct. 4 (Bloomberg) -- As European leaders convene today on the global financial crisis, they have so far agreed on only one thing: Europe likely won't emulate the response of the U.S., where Congress gave final approval to a $700 billion rescue yesterday. (Sat, 04 Oct 2008 13:18:44 GMT)

European Leaders Meet on Crisis, Focus on Oversight, Accounting
Oct. 4 (Bloomberg) -- European leaders, convening today on the global financial crisis, have so far agreed on only one thing: Europe likely won't emulate the response of the U.S., where Congress gave final approval to a $700 billion rescue yesterday. (Sat, 04 Oct 2008 16:03:02 GMT)

Accounting firms urge SEC to keep fair values
WASHINGTON: The chief executives of the Big Four accounting firms met with the head of the US Securities and Exchange Commission on Friday to discuss their opposition to suspending fair value accounting rules, according to sources briefed on the meeting. (Sat, 04 Oct 2008 21:01:21 GMT)

ON THE MOVE: Robbins & Myers hires accounting clerk
Robbins & Myers has hired Mary Foxton of Chili as an accounting clerk. (Sun, 05 Oct 2008 07:03:03 GMT)

Accounting firms also affected by stock listing postponements
ACCOUNTING FIRMS are getting less work these days as companies put off their capital-raising activities due to the slowing economy. (Sun, 05 Oct 2008 16:18:44 GMT)

Retiring boomers might leave void at area accounting firms
Though baby boomer Bill Carroll hopes to work another 10 years before “taking a look at the retirement horizon,” the looming departure of his generation of top-performing accountants has mobilized the industry to take measures to ensure sufficient talent is in the replenishment pipeline. (Mon, 06 Oct 2008 05:44:07 GMT)

Fair value accounting remains standard
AccountancyAge.com, Fair value accounting remains the standard for ISA’s banking industry as the $700bn financial system bail-out legislation passed by Congress signed into law late last week refrains from mandating the... (Mon, 06 Oct 2008 06:37:38 GMT)

ON THE MOVE: Robbins & Myers hires accounting clerk
Robbins & Myers has hired Mary Foxton of Chili as an accounting clerk. (Mon, 06 Oct 2008 07:01:42 GMT)

Theft, obscured by details, can be detected by forensic accounting
A payroll clerk uses money paid to a former employee to make deposits into his own bank account. An owner/manager redirects contracts to a related company, defrauding his partners who have no ownership interest in that company. An accounts payable clerk sets up a fictitious vendor and pays them thousands of dollars for inventory that is never received. (Mon, 06 Oct 2008 07:04:26 GMT)

Accounting firms gird for switch in basic methodology
Accounting firms are facing sweeping changes. The biggest change is the adoption of International Financial Reporting Standards, which are already used in much of the world. The other requirement is that financial statements must be written in XBRL computer language, which will ease the transfer and evaluation of financial data. (Mon, 06 Oct 2008 07:07:36 GMT)

Balfour pays SFO £2m over accounting irregularities
Kevin Reed, Inaccurate accounting at a Balfour Beatty subsidiary has seen the Serious Fraud Office issue it first ever civil recovery order, costing the construction business over £2.25m.... (Mon, 06 Oct 2008 09:22:28 GMT)

Balfour pays SFO £2m over accounting irregularities
Inaccurate accounting at a Balfour Beatty subsidiary has seen the Serious Fraud Office issue it first ever civil recovery order, costing the construction business over £2.25m. (Mon, 06 Oct 2008 10:10:27 GMT)

Bank accounting rules may change
International rulemakers are considering changes to financial accounting standards to bring them into line with US rules to help ease transatlantic strains during the current crisis. (Mon, 06 Oct 2008 13:27:41 GMT)

Greenberg blames AIG woes on shorts, accounting20081008120456
Intuit Whips Up QuickBooks Accounting 2009 for Mac (E-Commerce Times) (Tue, 07 Oct 2008 14:14:57 GMT)

Ex-AIG chiefs blame accounting rules
Former CEOs of American International Group Inc. told a House committee Tuesday that accounting rules figured prominenly in the crisis that led to the federal government's $85 billion bailout last month. (Tue, 07 Oct 2008 14:24:07 GMT)

Greenberg blames AIG woes on shorts, accounting
A former chief executive of American International Group Inc defended the insurer's risk management but said looser accounting and curbs to market short-selling could have saved it. (Tue, 07 Oct 2008 14:53:27 GMT)

(AFX UK Focus) 2008-10-07 16:17 EU says to relax mark-to-market accounting rules
LUXEMBOURG, Oct 7 (Reuters) - Banks in the European Union will be allowed to skirt an accounting rule blamed by critics for exacerbating the impact of the credit crunch and triggering fire sales of assets, EU president France said on Tuesday. EU finance ministers agreed to change how the mark-to-market rule is applied in the third quarter so that European banks are treated in the same way as ... (Tue, 07 Oct 2008 15:47:44 GMT)

Windstream Trims Accounting Department
Windstream Corp. of Little Rock said Tuesday that it would eliminate 11 positions in its accounting department effective Oct. 10. (Tue, 07 Oct 2008 19:24:41 GMT)

PPP projects to have new accounting norms
With operators being clueless about how to treat various assets in public-private partnership projects in their accounts books, apex accounting body ICAI has proposed new accounting norms to clear the air. (Tue, 07 Oct 2008 22:01:04 GMT)

Treasury bailout a fillip for accounting rules says ACT
David Jetuah, The Association of Corporate Treasurers has said that the government's moves to shore up the UK's banks is vital if faith is to be kept in current accounting rules.... (Wed, 08 Oct 2008 11:52:28 GMT)

Intuit Whips Up QuickBooks Accounting 2009 for Mac
Intuit's small-business accounting solution, QuickBooks, has gotten more than just a pretty facelift with its new QuickBooks Accounting 2009 for Mac edition. Not only does the user interface utilize Mac OS X's Leopard look and feel, but it also it now sports handy new features that are exclusive to the Mac platform. (Wed, 08 Oct 2008 12:04:56 GMT)

Towers Perrin: $700 Billion Bailout Plan is "No Excuse" to Forgo Fair Value Accounting
STAMFORD, Conn.----Now that the government has pledged support for a $700 billion economic bailout plan, look for the Securities and Exchange Commission and accounting authorities to help out, according to global professional services firm Towers Perrin. (Wed, 08 Oct 2008 13:00:00 GMT)

SEC announces terms of “mark-to-market” accounting study
The U.S. Securities and Exchange Commission announced the steps that it has undertaken so far to conduct a study on “mark-to-market” accounting, which is required as part of the bailout package that was passed this past Friday. (Wed, 08 Oct 2008 13:02:34 GMT)

NovaStar chief accounting officer resigns
NovaStar Financial Inc. announced that Chief Accounting Officer Todd Phillips resigned on Sept. 30. (Wed, 08 Oct 2008 13:19:04 GMT)

CANADIAN ACCOUNTING STANDARDS BOARD DECISION SUMMARY, SEPTEMBER 2008
The Canadian Accounting Standards Board (AcSB) met on September 23 – 24, 2008, and discussed a number of topics. (Wed, 08 Oct 2008 21:01:52 GMT)

NEW IAASB AUDIT PRACTICE ALERT FOCUSES ON FAIR VALUE ACCOUNTING ESTIMATES
To assist auditors in addressing the challenges of auditing fair value accounting estimates, the staff of the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board under the auspices of the International Federation of Accountants (IFAC), this week released an audit practice alert. (Wed, 08 Oct 2008 22:01:45 GMT)

Push for changes in EU accounting rules
Brussels is being asked by the EU’s top regulator to make urgent changes to accounting rules to give European banks more flexibility over the way they treat certain assets. (Thu, 09 Oct 2008 04:57:30 GMT)

Public accounting firm announces promotions
Local promotions by Blue & Co., a public accounting firm, include ones at these offices (Thu, 09 Oct 2008 06:13:00 GMT)

Bookkeepng, accounting firm moves to bigger office
Foster Results, a bookkeeping and accounting firm, has moved to a new location in Westfield. (Thu, 09 Oct 2008 06:13:41 GMT)

Lori Layton is Appointed as Managing Partner for Lucas Group’s Las Vegas, NV Location for the Accounting & Finance ...
As Managing Partner, Lori Layton will oversee and manage all operations and employees of the branch on both a regional and national scale. She has a strong record increasing branch profits while maintaining low turnover for both the permanent and contract operations of accounting and finance. (Thu, 09 Oct 2008 07:00:00 GMT)

Unit Corp Selects Triple Point's FAS 133 Hedge Accounting Software
Triple Point Technology(R), the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Unit Corporation (NYSE: UNT), a diversified energy company engaged in the exploration and production of oil and natural gas, has selected Triple Point's Commodity XL for Hedge Accounting(TM) to ensure FAS 133 compliance and protect against ... (Thu, 09 Oct 2008 14:22:22 GMT)

Home America Mortgage Selects Advantage Systems for Accounting System
Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that Home America Mortgage, a Lawrenceville, Ga.-based residential mortgage lender that offers financing to consumers throughout the Southeast and in Colorado, selected Advantage Systems' Accounting for Mortgage Bankers (AMB), an accounting solution designed ... (Thu, 09 Oct 2008 14:51:30 GMT)

Bober, Markey, Fedorovich Promotes Eight in Tax and Accounting/Auditing
AKRON, Ohio----The regional accounting firm of Bober, Markey, Fedorovich & Company recently promoted eight associates to new positions within the firm, including three senior managers: (Thu, 09 Oct 2008 21:14:00 GMT)

Beazer Homes Settles with SEC Over Accounting Procedures
ATLANTA -- Beazer Homes USA, Inc. has reached a settlement with the Securities and Exchange Commission over accounting irregularities that the agency uncovered. (Thu, 09 Oct 2008 21:25:11 GMT)

Enterprise Selects Triple Point to Manage FAS 133 Compliance - Marks Milestone as 50th Hedge Accounting Client
Triple Point Technology(R), the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Enterprise Products Partners L.P. (NYSE: EPD), with an enterprise value of nearly $21 billion, has chosen Triple Point's Commodity XL for Hedge Accounting(TM) to ensure FAS 133 compliance and protect against earnings volatility. (Fri, 10 Oct 2008 04:19:55 GMT)

Nautilus Insurance Group Appoints Kallo VP-Finance & Accounting
Nautilus Insurance Group, comprised of Nautilus Insurance Co. and Great Divide Insurance Co., member companies of W.R. Berkley Corp., appointed Miklos F. Kallo vice president -Finance and Accounting. (Fri, 10 Oct 2008 05:14:08 GMT)

SRA Wins SBA Loan-Management and Accounting Deal
US-based technology and consulting services provider SRA International has won three task orders valued at $26m from the Small Business Administration, a US government agency, to overhaul its loan-management and accounting system. (Fri, 10 Oct 2008 05:43:42 GMT)

Arxis Technology Principal Selected as One of the "Top 100 Most Influential People" in Accounting David Cieslak ...
David Cieslak, CPA, CITP, Principal of Arxis Technology, Inc., was recently chosen by Accounting Today as a member of their "Top 100 Most Influential People" in the accounting profession. As a part of the fifteenth annual Top 100 list, Cieslak joins leading CPAs, attorneys, regulators, politicians, educators, and vendor representatives from around the United States. (Fri, 10 Oct 2008 07:01:00 GMT)

Ahead of the Bell: FASB meeting on accounting rule
The standard-setting board for corporate accounting is poised to revise a rule in a way that will give banks a break in the distressed market and could boost their balance sheets. (Fri, 10 Oct 2008 10:01:55 GMT)

Keidanren Wants Early Application of Int'l Accounting Standards
Tokyo, Oct 10, 2008 (Jiji Press) - The top Japanese business lobby will propose in a report that Japanese companies listed on foreign stock exchanges adopt international accounting standards at an early date, informed sources told Jiji Press on Friday. (Fri, 10 Oct 2008 11:45:11 GMT)

Accounting board to review critical bank rule
An accounting rule that could give banks some flexibility in certain accounting practices is going before a standard-setting national board. (Fri, 10 Oct 2008 12:09:36 GMT)

Accounting board adopts guidance to ease crisis
The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost their balance sheets. The five-member Financial Accounting Standards Board decided to provide some... (Fri, 10 Oct 2008 15:44:35 GMT)

Banks may get accounting break
Accounting standards board gives new guidance on 'mark-to-market' rule; critics say lack of rule had defined accounting in Enron era. (Fri, 10 Oct 2008 16:31:10 GMT)

Accounting board adopts guidance to ease crisis
Associated Press - October 10, 2008 2:53 PM ET NORWALK, Conn. (AP) - The board that sets standards for corporate accounting has made some changes for how banks value assets in the distressed... (Fri, 10 Oct 2008 20:03:25 GMT)

Accounting Board Adopts Guidance
The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market and could boo.... (Sat, 11 Oct 2008 05:15:20 GMT)

Accounting board adopts guidance to ease bank crisis
NORWALK, Conn. — The standard-setting board for corporate accounting adopted new guidance on Friday that gives banks greater latitude in valuing their assets in the distressed market, a move that could boost their balance sheets. (Sat, 11 Oct 2008 07:26:06 GMT)

Accounting rules eased for banks
NORWALK, Conn. | The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost their balance sheets. (Sat, 11 Oct 2008 08:52:13 GMT)

Accounting board changes rules on asset values to ease crisis
Norwalk - The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move (Sat, 11 Oct 2008 10:14:55 GMT)

Accounting board adopts guidance to ease crisis
NORWALK, Conn. -- The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market and could boost their balance sheets. (Sat, 11 Oct 2008 13:29:46 GMT)

Corporate accounting rules gain flexibility on fair value
The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost balance sheets. (Sun, 12 Oct 2008 05:49:33 GMT)

2008 Top 100 Most Influential People in Accounting
Accounting Today honors Padgett Business Services® President Roger Harris in "2008 Top 100 Most Influential People in Accounting" List -- Harris Cited as a Leader in the Industry's "New Frontiers" (Sun, 12 Oct 2008 07:01:00 GMT)

Accounting Board Tries To Clarify Mark-to-market Rules
Accounting Board Tries To Clarify Mark-to-market Rules (Sun, 12 Oct 2008 18:09:34 GMT)

U.S. accounting board tries to clarify mark-to-market rules
The U.S. Financial Accounting Standards Board issues a clarification of its mark-to-market accounting rules that could allow financial firms to value some illiquid assets higher than those assets could sell for in the current distressed markets. (Sun, 12 Oct 2008 18:12:19 GMT)

ECB Noyer: Changing Accounting Rules Raises 'Moral Hazard' Issues
WASHINGTON -(Dow Jones)- Changing accounting rules in the middle of the financial crisis raises "moral hazard" issues, Bank of France Governor Christian Noyer said, but these rules should be better adapted to differences within the economic cycle. (Sun, 12 Oct 2008 18:16:15 GMT)

Many schools face shortage of accounting professors
At the last annual meeting of the American Accounting Association, the job placement center was a depressing place to be if you were the dean of an accounting school trying to fill vacancies in your department. (Mon, 13 Oct 2008 04:44:35 GMT)

Accounting for change
It’s possible, and by most accounts very likely, that six years from now we’ll be speaking a different accounting language. (Mon, 13 Oct 2008 04:59:38 GMT)

Chicago Area Accounting Firm Awarded 'Best Places to Work'
Chicago Area Accounting Firm Awarded 'Best Places to Work.' Porte Brown LLC, based in Elk Grove Village, chosen top 20 in Illinois. (Mon, 13 Oct 2008 07:01:00 GMT)

Accounting Firm SingerLewak Expects a Rise in Governance, Risk and Compliance Vulnerabilities in U.S. Corporations ...
SingerLewak, a full service accounting and management consulting firm headquartered in Los Angeles, today issued a Governance, Risk and Compliance advisory following the federal government's authorization of the $700 billion bailout plan of the U.S. financial system. (Mon, 13 Oct 2008 09:00:00 GMT)

US accounting regulator to issue fair value guidance
The US Financial Accounting Standards Board is today expected to issue final guidance on the controversial issue of fair value accounting amid the global financial crisis. (Mon, 13 Oct 2008 09:50:17 GMT)

US accounting regulator to issue fair value guidance
AccountancyAge.com, Accountancy Age , Monday 13 October 2008 at 10:30:00 The US Financial Accounting Standards Board is today expected to issue final guidance on the controversial issue of fair value accounting amid the global financial crisis. The US Financial Accounting Standards Board is today expected to issue final guidance on the controversial issue of fair value accounting amid ... (Mon, 13 Oct 2008 10:36:54 GMT)

Nigeria: CBN Executive Calls for Uniform Accounting System Among Banks
A banker has said that the only way offshore banking would be effective in the country is for banks to have consolidated accounting and reporting system. (Mon, 13 Oct 2008 14:03:00 GMT)

Reason With The Messenger; Don’t Shoot Him: Value Accounting, Risk Management And Financial System Resilience
The U.S. Economic Emergency Act of 2008 allows the SEC to suspend mark-to-market accounting rules. But a blanket suspension would be counter-productive. Crises are times when uncertainty quickly turns to panic. Now is not the time to increase uncertainty by changing accounting standards. This article proposes an alternative: mark-to-funding. (Mon, 13 Oct 2008 14:43:58 GMT)

Accounting Board Adopts Guidance to Ease Crisis
October 13, 2008 (Associated Press) NORWALK, Conn. -- The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market and could boost their balance sheets. (Mon, 13 Oct 2008 15:23:29 GMT)

Eurozone loosens accounting rules
PARIS, Oct. 13 (UPI) -- Members of the Eurozone said they would loosen accounting rules that force financial firms to value their assets based on current market conditions. (Mon, 13 Oct 2008 16:26:47 GMT)

German Government Applauds Changes To Accounting Standards
FRANKFURT -(Dow Jones)- German government leaders applauded Monday a move that will allow banks to utilize simplified accounting means to value assets for their third-quarter earnings. (Mon, 13 Oct 2008 18:31:19 GMT)

Fair value accounting rules eased
European banks will be able to more easily shield assets from the scrutiny of marking to market prices under emergency changes agreed by international accounting rulemakers. (Mon, 13 Oct 2008 19:03:23 GMT)

Australian govt sues accounting firm
Australia's corporate regulator has begun legal action against the international accounting firm, KPMG, over its involvement with the collapsed Australian property developer, Westpoint. (Tue, 14 Oct 2008 03:42:08 GMT)

Dems call out Linn candidate on accounting license
CEDAR RAPIDS and#8212; Democrats are crying foul over a Republican Linn County supervisor candidate's claim that he is a certified public accountant.District 3 supervisor candidate Eric Rosenthal has run radio ads citing his accounting background as qualifying him to lead Linn County, particularly when it comes to flood recovery.In one ad that's been running since late September, former ... (Tue, 14 Oct 2008 08:08:07 GMT)

Accounting plagues Archway
Archway & Mother's Cookie Co. Inc. is being investigated for accounting irregularities, according to court documents filed by the company's legal team last week. (Tue, 14 Oct 2008 08:43:03 GMT)

Accounting firm hired by city
SHAMOKIN — Council members voted Monday evening to hire an accounting firm that will implement a comprehensive financial accounting and information system at city hall. (Tue, 14 Oct 2008 09:58:00 GMT)

Survey: Accounting professionals need abroad experience
International experience is becoming increasingly important for accounting professionals, according to a new survey by Robert Half Management Services. (Tue, 14 Oct 2008 18:45:31 GMT)

Swiss Re to Deploy Microgen Accounting Hub, Microgen Aptitude
Reinsurer is aiming to consolidate its global accounting environment for asset management. (Wed, 15 Oct 2008 01:41:29 GMT)

Job vacancy: Principal Accounting Technician
An opportunity has arisen for a principal accounting technician to join the Financial Accounting Team. This post will provide cover for the Treasury Management function within the Council, and therefore you will need previous Treasury experience and it is essential that you are able to work from 8am on a rota basis. (Wed, 15 Oct 2008 06:16:21 GMT)

MPs demand 'higher accounting standards' for banks
MPs have demanded ‘higher standards’ of accounting for banks as part of the government’s multi billion pound rescue package. (Wed, 15 Oct 2008 08:19:57 GMT)

MPs demand 'higher accounting standards' for banks
Gavin Hinks, Accountancy Age , Wednesday 15 October 2008 at 08:59:00 Profession under attack from MPs demanding changes to bank accounting MPs have demanded ‘higher standards’ of accounting for banks as part of the government’s multi-billion pound rescue package. Harry Cohen, a Labour backbencher, CIPFA member and former public sector accountant,... (Wed, 15 Oct 2008 08:21:54 GMT)

(AFX UK Focus) 2008-10-15 10:50 EU panel votes to ease fair-value accounting rule
BRUSSELS, Oct 15 (Reuters) - European Union accounting regulators have voted in favour of easing a fair-value rule blamed by the bloc's leaders for exacerbating the credit crunch. The regulators' committee decided to accept changes made earlier this week by the International Accounting Standards Board to the standard setter's fair-value rule. "The accounting regulatory committee has unanimously ... (Wed, 15 Oct 2008 09:52:47 GMT)

(AFX UK Focus) 2008-10-15 11:29 UPDATE 1-EU panel votes to ease fair-value accounting rule
BRUSSELS, Oct 15 (Reuters) - European Union accounting regulators voted on Wednesday to ease a fair-value rule blamed by the bloc's leaders for exacerbating the credit crunch. (Wed, 15 Oct 2008 10:53:04 GMT)

UPDATE: EU OKs Change To Mark-To-Market Accounting Rule
(Adds commission quote.) BRUSSELS -(Dow Jones)- European Union regulators Wednesday approved changes to an accounting rule blamed by some for exacerbating the financial troubles of banks. (Wed, 15 Oct 2008 11:46:42 GMT)

EU experts back looser accounting rules
(BRUSSELS ) - EU accounting experts hastily backed plans on Wednesday to relax accounting rules in order to help banks cope better with the financial crisis, paving the way for formal adoption later in the day. (Wed, 15 Oct 2008 12:08:30 GMT)

Howard Wershbale joins int'l accounting group
The Cleveland-based accounting firm now is a member of the International Group of Accounting Firms. (Wed, 15 Oct 2008 13:15:56 GMT)

European Union changes accounting rules to allow European companies revalue derivatives
BRUSSELS, Belgium (AP) - European Union companies will be able to use similar rules as American rivals to reclassify assets they currently have to value at depressed market prices after the European Union changed accounting rules on Wednesday. (Wed, 15 Oct 2008 19:37:56 GMT)

EU backs proposals to ease 'mark to market' accounting rules
European Union regulators have backed proposals to reform the "mark-to-market" accounting rules that many banks blame for forcing them to declare far larger writedowns than have been necessary during the credit crisis. (Thu, 16 Oct 2008 00:26:52 GMT)

Korea to Change Accounting Rules on Currency Losses, Daily Says
Oct. 16 (Bloomberg) -- South Korea plans to change accounting rules to help shipbuilders and other companies avoid delisting or regulatory action because of currency losses from temporary market movements, the Seoul Economic Daily reported. (Thu, 16 Oct 2008 01:49:09 GMT)

EU backs emergency accounting changes
Accounting rules blamed by some banks for exacerbating the financial turmoil were eased in the European Union on Wednesday, bringing its 27 countries in line with changes agreed by international accounting rulemakers. (Thu, 16 Oct 2008 05:44:09 GMT)

EU eases accounting rules in response to financial crisis
The European Union (EU) decided on Wednesday to ease its accounting rules so as to help its banks and financial institutions cope better with the financial crisis. Under the changes, financial institutions in the EU would no longer have to reflect market fluctuation in their financial statements for those toxic assets which were at the root of the financial crisis as from the third quarter of ... (Thu, 16 Oct 2008 08:14:36 GMT)

South Korea May Change Accounting Rules to Help Shipbuilders
Oct. 16 (Bloomberg) -- South Korea plans to change accounting rules for shipbuilders to help bolster their balance sheets as a 32 percent plunge in the local currency this year slashed their capital by as much as 50 percent. (Thu, 16 Oct 2008 08:58:33 GMT)

SEC COMMENCES WORK ON ACCOUNTING STANDARDS
The Securities and Exchange Commission this week announced additional details on the process and initial steps that the SEC has undertaken to conduct a study on "mark-to-market" accounting, as authorized by Sec. 133 of the Emergency Economic Stabilization Act of 2008, signed into law by President Bush last Friday. (Thu, 16 Oct 2008 09:42:10 GMT)

ICAS URGUES POLITICAL LEADERS TO STAND BY FAIR VALUE ACCOUNTING
Fair value accounting means that assets are held on a company’s balance sheet at today’s realisable value. However, given the current turmoil in the financial markets, many companies, particularly banks, believe that asset prices have fallen below what is considered to be their true economic value — leading to writedowns by the banks.... (Thu, 16 Oct 2008 10:27:08 GMT)

Accounting standards changed by EU
The European Commission has adopted amendments to accounting standards, with the unanimous support of member states, in an effort to mitigate the consequences of the recent turbulence in financial markets. (Thu, 16 Oct 2008 13:14:29 GMT)

SEC Announces Roundtable To Examine "Mark-To-Market" Accounting Standards
(RTTNews) - The Securities and Exchange Commission announced Thursday that it will examine the controversial "mark-to-market" accounting standards. The discussion will take place in a round table format and the first of two meetings is scheduled for October 29th. (Thu, 16 Oct 2008 19:49:13 GMT)

(AFX UK Focus) 2008-10-17 00:56 Japan looks at easing fair value accounting rules
TOKYO, Oct 17 (Reuters) - Japan is looking at easing accounting rules that require companies to assess financial holdings at market value, joining other global authorities in a bid to contain the fallout from the credit crisis. (Fri, 17 Oct 2008 00:23:15 GMT)

(AFX UK Focus) 2008-10-17 04:52 Taiwan amends accounting rules on valuation of non-derivative assets
TAIPEI (XFN-ASIA) - Taiwan's Financial Supervisory Commission (FSC) said it has amended accounting rules on valuation of non-derivative financial investments following a similar move by the International Accounting Standards Board (IASB). (Fri, 17 Oct 2008 04:22:49 GMT)

Japan's Nakagawa Urges Review of Accounting Standard (Update1)
Oct. 17 (Bloomberg) -- Japan should change its mark-to- market accounting regulations if current rules are found to cause ``systemic risk'' in the markets, the nation's finance minister said, urging regulators to move quickly in reviewing the matter. (Fri, 17 Oct 2008 04:23:48 GMT)

(AFX UK Focus) 2008-10-17 06:50 UPDATE 1-Japan mulls accounting rule change to help banks
TOKYO, Oct 17 (Reuters) - Japan is looking at easing accounting rules as an emergency step to soften the blow on companies from stock price falls, joining other global authorities to contain the fallout from the global credit crisis. (Fri, 17 Oct 2008 05:52:33 GMT)

New accounting firm familiar to area
A new accounting firm has been formed in Iowa City. However, the firm should be familiar to many local residents. (Fri, 17 Oct 2008 08:28:59 GMT)

Access Accounting leads carbon trail at Softworld
Rachael Singh, Accountancy Age , Friday 17 October 2008 at 11:43:00 Softworld sees the lauch of a web access product from Access Accounting Access Accounting has launched FocalPointSE at the latest Softworld show. The new programme will enable organisations to reduce business process and complexity as well as monitor its carbon footprint.... (Fri, 17 Oct 2008 11:07:04 GMT)

Access Accounting leads carbon trail at Softworld
Access Accounting has launched FocalPointSE at the latest Softworld show. The new programme will enable organisations to reduce business process and complexity as well as monitor its carbon footprint. (Fri, 17 Oct 2008 11:20:07 GMT)

Canadian Banks to Get Relief on Accounting Rules, Post Says
In a ruling to be circulated today, Canada's accounting watchdog, the Accounting Standards Board , will loosen the so- called mark-to-market valuations that require banks and financial institutions to price assets at current market values, the Post said, citing people familiar with the process. (Fri, 17 Oct 2008 12:14:22 GMT)

Canadian Banks May Delay Writedowns Under New Accounting Rules
Oct. 17 (Bloomberg) -- Canadian banks and insurers will have more flexibility to delay potential writedowns amid a freeze in global credit markets, under new accounting rules released today. (Fri, 17 Oct 2008 15:59:39 GMT)

Canada accounting change seen helping banks
The board that sets Canadian accounting rules is going along with U.S. and international changes that will allow companies to reclassify some financial instruments to allow them to avoid fair-value accounting treatment. (Fri, 17 Oct 2008 17:28:00 GMT)

Japan orders review of accounting rules
Japan should change its mark-to-market accounting regulations if it is found that the current rules pose a "systemic risk" to the markets, the finance minister said Friday, urging regulators to quickly launch a review. "I am very interested in this issue, and I want to reach a conclusion as soon as possible," Shoichi Nakagawa said at a regular press briefing in Tokyo. Read the full story ... (Fri, 17 Oct 2008 21:08:15 GMT)

Companies can postpone financial-asset profit hits under new accounting rules
The Canadian Press October 17, 2008 - 7:07 p.m. TORONTO - Canada's Accounting Standards Board is fast-tracking amendments to rules that will allow companies to avoid taking immediate profit hits from troubled financial assets. (Fri, 17 Oct 2008 23:23:17 GMT)

Banks get accounting break
Accounting Standards Board initiates amendments to bring Canadian regulations in line with those in U.S., Europe (Fri, 17 Oct 2008 23:58:50 GMT)

In-House Counsel Win Battle in War Over Accounting
In-house lawyers, legal organizations and law firms won the first round of a fight with the Financial Accounting Standards Board over a plan calling for greater disclosures of lawsuits and other loss contingencies on financial statements -- but they're girding for a longer battle. After a flood of complaints from lawyers, but support from investors, the accounting board decided that it would ... (Sat, 18 Oct 2008 00:46:48 GMT)

CYMA Systems Announces Accounting Software Price Reduction
CYMA Systems announces a price reduction on accounting software for mid-sized organizations. Since 1980, CYMA Systems has been providing high quality accounting software for businesses, nonprofit organizations, and CPA's. CYMA is temporarily reducing the price of accounting software to better serve businesses in this economic climate. (Sat, 18 Oct 2008 07:01:00 GMT)

Banks get accounting break
Canada's banks have been tossed an accounting lifeline that will give them more leeway when it comes to dealing with the complicated securities that have caused large writedowns. (Sat, 18 Oct 2008 10:11:51 GMT)

Turmoil causes accounting rules to change
TORONTO -- Canada's Accounting Standards Board has introduced emergency amendments to its accounting rules that will allow companies to avoid taking immediate profit hits from troubled financial assets. (Sat, 18 Oct 2008 10:47:18 GMT)

Jordan- Challenges facing accounting come under scrutiny
Jordan- Challenges facing accounting come under scrutiny (Sun, 19 Oct 2008 07:05:39 GMT)

LARGE CATEGORY WINNERS -- 501 OR MORE EMPLOYEES: Accounting firm invests in people
Shane Rodgers came to PricewaterhouseCoopers LLP six years ago after graduating from Western Michigan University. A manager in the company's audit practice, Rodgers, 27, of Canton, said he has advanced quickly, has workplace flexibility and has many chances to volunteer in the community. (Sun, 19 Oct 2008 07:41:51 GMT)

Shinsei Chairman Yashiro Calls for Emergency Accounting Change
Oct. 20 (Bloomberg) -- Shinsei Bank Ltd. , forecasting an 80 percent drop in annual profit as asset values slump, called for an immediate suspension of mark-to-market accounting rules that are forcing companies to book losses on illiquid holdings. (Mon, 20 Oct 2008 07:03:12 GMT)

Russia's Sberbank maintains 2008 net profit forecast
MOSCOW, Oct 20 (Reuters) - Russian state savings bank Sberbank is maintaining its 2008 net profit forecast of 130 billion roubles ($4.99 billion) to Russian Accounting Standards, the company's chief financial officer told a conference call on Monday. (Mon, 20 Oct 2008 11:35:15 GMT)

Investors: EC threatens transparency and comparability of accounts
Investors have warned that they want a single set of accounting rules and that a current European Commission review of fair value accounting threatens to undermine transparency and comparability. (Mon, 20 Oct 2008 11:49:54 GMT)

Eagle's Investment Accounting Solution Supports New Federal Mandate on Cost Basis Reporting
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that its investment accounting solution supports the new provision requiring brokerages to report cost basis for any stocks traded in a public arena. (Mon, 20 Oct 2008 13:00:00 GMT)

Eagle investment accounting tool supports fed mandate for cost basis reporting
Eagle Investment Systems, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that ... (Mon, 20 Oct 2008 13:35:17 GMT)

Canadian accounting rules eased for financial assets
Canada’s Accounting Standards Board announced Friday that it is adopting measures that allow firms to reclassify financial assets. The AcSB has announced amendments to permit reclassification of financial assets in specified circumstances. (Mon, 20 Oct 2008 14:01:28 GMT)

1 2 Next