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Accounting distorts pension fund liabilities
Many pension funds will show a surplus in the year-end accounts despite the true position being that the schemes have moved to record deficits. According to Aon Consultng figures, FTSE100 final salary schemes will record a deficit of £155bn for the 12 months to November 2008. (Fri, 02 Jan 2009 08:46:50 GMT)

Accounting distorts pension fund liabilities
Gavin Hinks, Accountancy Age , Friday 2 January 2009 at 08:36:00 IAS19 blamed for covering true pension position Many pension funds will show a surplus in the year-end accounts despite the true position being that the schemes have moved to record deficits.... (Fri, 02 Jan 2009 08:47:57 GMT)

New study shows governments need more honest environmental accounting
(PhysOrg.com) -- University of Queensland research is paving the way for better management of our precious natural environment. (Fri, 02 Jan 2009 10:56:02 GMT)

Affordable Outsourcing for Small Business
For many "who like to do things yourself" it is important to keep in mind that proper knowledge of small business accounting is required if you want to keep your finances in order. (Sat, 03 Jan 2009 11:01:24 GMT)

$8,600 in checks allegedly forged
A Springfield woman who works for an accounting company was arrested Wednesday for allegedly forging more than $8,600 worth of checks to herself on a client’s account. (Sat, 03 Jan 2009 12:26:16 GMT)

Would you like your values long-term or open market?
(By Christina Rexrode, crexrode@charlotteobserver.com) At the heart of the current banking crisis, there's a complicated and hotly disputed little regulation that the banking industry is trying to obliterate, saying it's making the financial meltdown even worse. The regulation, called fair value accounting, has been in place in its current form for about two years, but the banks have grown ... (Sat, 03 Jan 2009 13:04:11 GMT)

Local News & Events
Accounting firm Bianchi, Kasavan and Pope LLP has two new staff accountants, Mark Long, CPA, and Cristin Sakamoto; and a new administrative assistant/bookkeeper, Leigh Anne Conto. All are working out of the firm's Monterey office. (Sat, 03 Jan 2009 13:16:10 GMT)

Tennessee shifts to online accounting system
With the start of the new year, Tennessee state government begins the next phase of a massive, $134 million reorganization of the state's accounting system, flipping the switch to move toward a new online process for procurement, bidding and payment for state contractors. (Sat, 03 Jan 2009 14:00:16 GMT)

Blues cool off Blue Jackets, Mason
ST. LOUIS (AP) -The Blues' special teams cooled off Blue Jackets rookie goalie Steve Mason, accounting for all of the goals in a 5-2 victory over Columbus on Saturday night. (Sun, 04 Jan 2009 04:26:21 GMT)

Blues special teams cool off Jackets goalie Mason
The Blues' special teams cooled off Blue Jackets rookie goalie Steve Mason, accounting for all of the goals in a 5-2 victory over Columbus on Saturday. (Sun, 04 Jan 2009 04:34:46 GMT)

Special teams help Blues beat Mason and Blue Jackets 5-2
ST. LOUIS - The Blues' special teams cooled off Blue Jackets rookie goalie Steve Mason, accounting for all of the goals in a 5-2 victory over Columbus on Saturday night. (Sun, 04 Jan 2009 04:37:00 GMT)

Buchanan opens accounting business
ASHEVILLE – Charlene Buchanan has opened All About Accounting, which provides a range of services for small business owners. (Sun, 04 Jan 2009 05:54:19 GMT)

Executive moves
Executives in accounting, advertising, finance, high tech and new media, law and real estate have all found new digs. Check out the new faces in key places. (Sun, 04 Jan 2009 11:12:23 GMT)

Accounting push hit by politicking
World leaders have vowed to help prevent future financial meltdowns by creating international accounting standards so all companies would play by the same rules. (Sun, 04 Jan 2009 12:47:26 GMT)

Hood grads tackle update of Detrick's history
FORT DETRICK, Md. (AP) — A pair of Hood College graduates are working to flesh out Fort Detrick's history and bring the last accounting of the post's past up-to-date. (Sun, 04 Jan 2009 13:07:42 GMT)

KPMG IFRS BRIEFING SHEET - ISSUE 121
KPMG has published its IFRS Briefing Sheet, Issue 121. This IFRS Briefing Sheet summarises the International Accounting Standards Board’s (IASB or Board) Exposure Draft (ED) Embedded Derivatives – Proposed amendments to IFRIC 9 and IAS 39, which was published on 22 December 2008. Comments are due by 21 January 2009. (Sun, 04 Jan 2009 14:33:12 GMT)

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD INSPECTION REPORTS UPDATE
The Public Company Accounting Oversight Board has updated its audit firm inspection reports. AJ. Robbins, P.C. Causey Demgen & Moore Inc. (Sun, 04 Jan 2009 14:33:32 GMT)

Movers
ACCOUNTING Jose Gonzalez has been hired as manager of computer forensics and litigation support for Grant Thornton. BANKING Joshua E. Young has been appointed executive vice president and general counsel of Turnberry Bank. Previously, he was senior vice president and general counsel of the bank. (Mon, 05 Jan 2009 08:19:13 GMT)

Survey shows most firms still hiring fresh graduates
SINGAPORE: Thousands of fresh graduates are expected to enter the Singapore job market this year, flooding a labour pool that is seeing more retrenchments. Industries that are still hiring include accounting, engineering and sales. (Mon, 05 Jan 2009 13:13:58 GMT)

Sikich Named Technology Pacesetter for 2008 by Accounting Technology
The editors of Accounting Technology are pleased to announce that Sikich has been chosen as a Technology Pacesetter for 2008. (Mon, 05 Jan 2009 14:22:00 GMT)

U.K. Retailers Issue Most Negative Sales Updates in Three Years
Jan. 5 (Bloomberg) -- U.K. retailers issued the largest number of negative sales updates in three years in 2008’s fourth quarter as even the industry’s strongest companies struggled to maintain revenue growth, accounting firm Grant Thornton said. (Mon, 05 Jan 2009 14:34:15 GMT)

Grant Thornton profit dips as downturn bites
AA Freelancer, Accountancy Age , Monday 5 January 2009 at 15:45:00 Top five firm warns of tough year ahead Grant Thornton has become the first big accounting firm to report a fall in profits in 2008, blaming the economic downturn and the cost of its merger with Robson Rhodes.... (Mon, 05 Jan 2009 16:03:38 GMT)

Churches support later summer holidays
Religious leaders favour shifting summer holidays away from Christmas, but accounting experts say it could harm the economy. (Mon, 05 Jan 2009 16:05:05 GMT)

S.E.C. Answers Critics of Fair-Value Accounting
For those on Wall Street who hope that 2009 will bring some relief from mark-to-market accounting rules, the Securities and Exchange Commission had some glum tidings last week. (Mon, 05 Jan 2009 20:27:33 GMT)

IPOs in China to jump 47 percent in 2009: accounting firm
Funds raised by Chinese companies in local initial public offerings are likely to rise 47 percent this year compared with last year, accounting firm PricewaterhouseCoopers said Tuesday. (Tue, 06 Jan 2009 06:33:00 GMT)

DATC is expanding accounting classes
The Davis Applied Technology College will be hosting eight new accounting specialty programs. (Tue, 06 Jan 2009 07:27:13 GMT)

Microgen adds liquidity accounting hub
Microgen has today announced that it has added liquidity calculation functionality to its Microgen Accounting Hub (MAH), which is powered by Microgen ... (Tue, 06 Jan 2009 10:30:54 GMT)

JPB Enterprises, Inc. Announces the Formation of JPB Accounting Services
JPB Enterprises, Inc., a privately owned holding company focused on investment banking services, private equity, real estate development, and a portfolio of owned businesses, recently announced the formation of JPB Accounting Services, LLC, a premier provider of outsourced accounting and financial management services in the Baltimore-Washington corridor. (Tue, 06 Jan 2009 12:57:00 GMT)

While Some Industries Struggle, Employment in Accounting Remains Strong
Accounting career outlooks remain promising as other industries feel the brunt of this economic downturn. (Tue, 06 Jan 2009 13:00:00 GMT)

Chicago Area CPA Firm Earns Prestigious Accounting Certification for Construction Industry
Chicago Area CPA Firm Earns Prestigious Accounting Certification for Construction Industry. Partner at Porte Brown, LLC Earns CCIFP Certification Granted to Less Than 500 People Nationwide. (Tue, 06 Jan 2009 13:05:00 GMT)

Bally Technologies Releases Microsoft Windows® Version of Gaming’s Leading Slot Management/Accounting System
Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, and casino management systems for the global gaming industry, announced today the release to compliance of the new Version 11.0 of its flagship SDS slot management and accounting system that supports the Microsoft Windows software platform, Microsoft SQL Server 2005, and an entirely new, streamlined and easy-to-use ... (Tue, 06 Jan 2009 14:17:16 GMT)

Bank Mutual names new principal accounting officer
Richard Schroeder will become senior vice president and principal accounting officer at Bank Mutual Corp., succeeding Marlene Scholz, who informed the company Jan. 2 that she intends to retire from the company on May 22. (BKMU) (Tue, 06 Jan 2009 15:05:33 GMT)

Global accounting rules could cost plenty
WASHINGTON, Jan. 6 (UPI) -- U.S. companies could end up spending tens of millions each to comply with new international accounting rules, sources said. (Tue, 06 Jan 2009 19:39:10 GMT)

Supreme Court Review Sought in Public Accounting Board Case
The federal appeals court opinion that upheld the constitutionality of the Public Company Accounting Oversight Board was a disastrous decision that undermines the president's ability to supervise federal officers, say Jones Day lawyers who want the Supreme Court to review the case. The lawyers are urging the Court to review a split decision in which a D.C. Circuit judge wrote a 58-page dissent, ... (Wed, 07 Jan 2009 01:28:12 GMT)

Indian software company chief quits in accounting scandal
Satyam Computer Services, a leading Indian outsourcing company that serves many of the world's biggest companies, massively inflated its earnings for years, the chairman said, throwing the industry into turmoil. (Wed, 07 Jan 2009 10:48:13 GMT)

Accounting changes saves Kingfisher Rs 744 cr
'But for the change in the method of accounting... the loss for the quarter ended September 30, 2008 would have been more by Rs 129.5 crore (Rs 1.29 billion) and for the half-year ended on that date would have been more by Rs 744.23 crore (Rs 7.44 billion),' chartered accountant B K Ramadhyani & Company said in their report to the board of directors of Kingfisher Airlines. (Wed, 07 Jan 2009 11:19:45 GMT)

Kingfisher saves Rs 744 cr; thanks to accounting changes
Private carrier Kingfisher Airlines saved close to Rs 744 crore during the six-month period ended September 30, due to some changes in accounting methods, in absence of which the losses sufferred by the Vijay Mallya-promoted company would have been about Rs 1,400 crore. (Wed, 07 Jan 2009 12:35:59 GMT)

Kingfisher saves Rs 744 cr; thanks to accounting changes
NEW DELHI: Private carrier Kingfisher Airlines saved close to Rs 744 crore during the six-month period ended September 30, due to some changes in accounting methods, in absence of which the losses suffered by the Vijay Mallya-promoted company would have been about Rs 1,400 crore. (Wed, 07 Jan 2009 12:44:09 GMT)

Most EU banks not using looser accounting rules
Most European banks and blue chip companies are not using looser accounting rules allowing them to revise upward the value of complex investments which depreciated during the financial crisis, EU market supervisors said Wednesday. (Wed, 07 Jan 2009 13:40:32 GMT)

Manulife Probed in U.S. Over Tax Accounting, Post Says
Jan. 7 (Bloomberg) -- Manulife Financial Corp. , Canada’s biggest insurer, is being probed by U.S. officials over accounting practices in a tax shelter that collapsed during the credit crisis, the National Post reported, citing unidentified people. (Wed, 07 Jan 2009 13:40:55 GMT)

Satyam Chief Admits Huge Accounting Fraud
A leading Indian outsourcing company massively inflated its earnings for years, the chairman said. (Wed, 07 Jan 2009 13:52:03 GMT)

Few banks and companies have used accounting rule change, EU finds
Most European banks and blue-chip companies are not using looser accounting rules that would have allowed them to revise upward the value of complex investments, which depreciated during the financial crisis, a group of European Union regulators said Wednesday. (Wed, 07 Jan 2009 19:30:48 GMT)

Shelton accounting firm merges with state s largest
Connecticut's biggest home-based accounting and consulting firm got bigger at the start of 2009, after merging with Shelton-based Nishball, Carp, Niedermeier, Pacowta & Co. (Thu, 08 Jan 2009 03:10:44 GMT)

Satyam Accounting Scandal Erodes Confidence in India (Update1)
Jan. 8 (Bloomberg) -- The accounting scandal that caused Satyam Computer Services Ltd. to collapse yesterday is shaking investor confidence in Indian stocks, putting an end to the market’s best start since 2000. (Thu, 08 Jan 2009 04:33:55 GMT)

Deloitte Poll: Nearly Two-Thirds of Executives Anticipate Uptick in Accounting Fraud, Resulting From Down Market
When the economy takes a downturn, fraud increases, according to a recent online poll, conducted by Deloitte. Nearly two-thirds of executives polled expect accounting fraud to increase during the next two years. (Thu, 08 Jan 2009 14:00:00 GMT)

Boston Tax Firm Vitale Caturano Is Honored By Accounting Technology As A Technology Pacesetter for 2008
Boston Tax Firm Vitale Caturano's Technology and Management Consulting Practice Recognized for Its Influence and Involvement in the Accounting Software Community (Thu, 08 Jan 2009 14:14:00 GMT)

Satyam Reviewing Finances After $1 Billion False Accounting
Jan. 8 (Bloomberg) -- Satyam Computer Services Ltd., India’s fourth-largest software exporter, is assessing its finances after its founder admitted $1 billion of false accounting, triggering a record fall in the company’s stock. (Thu, 08 Jan 2009 14:46:27 GMT)

Biovail, staff agree on accounting settlement
Canadian drug developer Biovail Corp. says it has agreed with the staff of the Ontario Securities Commission on a settlment of charges of accounting fraud and deceiving investors. (Thu, 08 Jan 2009 15:09:03 GMT)

Kingfisher saves crores by altering accounting norms
Full service carrier Kingfisher Airlines, through a change in its accounting principles, was able to save Rs 744.23 crore for the six-month period ended September 30, 2008, and Rs 129.50 crore for the quarter ended 30 September 2008. (Thu, 08 Jan 2009 15:47:30 GMT)

Manulife Financial Says Report of Accounting Probe Is False
Jan. 8 (Bloomberg) -- Manulife Financial Corp. said a news report yesterday about U.S. regulators investigating accounting practices at Canada’s largest insurer was “completely erroneous.” (Thu, 08 Jan 2009 18:55:44 GMT)

Taiwan President Advisers Suggest Temporary Halt To New Accounting Rule
TAIPEI -(Dow Jones)- Taiwan President Ma Ying-jeou's economic advisers have suggested the government temporarily halt a stricter rule on inventory accounting that went into effect Jan. 1, the Presidential Office said in a statement Thursday. (Fri, 09 Jan 2009 01:24:14 GMT)

Satyam’s False Accounting Needs Quick Probe, Damodaran Says
Jan. 9 (Bloomberg) -- The $1 billion accounting fraud that has edged Satyam Computer Services Ltd. to the brink of collapse needs to be quickly investigated to ensure that no other Indian company can mislead investors, a former regulator said. (Fri, 09 Jan 2009 05:02:17 GMT)

BUSINESS EVENT: Accounting firm announces merger
Parente Randolph, a leading mid-Atlantic accounting and consulting firm headquartered in Philadelphia, that serves clients from 12 offices throughout Pennsylvania, New Jersey, Delaware and Dallas, just announced a merger with the New Jersey firm of... (Fri, 09 Jan 2009 08:26:24 GMT)

Taiwan to continue new accounting rule - source
TAIPEI, Jan 9 (Reuters) - Taiwan will go ahead with a newly implemented accounting rule, a source close to the top financial regulator said on Friday, despite objections from the island's Vice President Vincent Siew. (Fri, 09 Jan 2009 08:33:07 GMT)

US boardrooms braced for increase in accounting fraud
Accountancy Age, Accountancy Age , Friday 9 January 2009 at 09:37:00 Two thirds of executives expect economic troubles to produce more suspect accounting Nearly two thirds of US executives expects the rate of accounting fraud to increase in the economic crisis, according to a poll conducted by Deloitte.... (Fri, 09 Jan 2009 09:49:51 GMT)

US boardrooms braced for increase in accounting fraud
Nearly two thirds of US executives expects the rate of accounting fraud to increase in the economic crisis, according to a poll conducted by Deloitte. (Fri, 09 Jan 2009 11:46:50 GMT)

India's Satyam reeling from accounting scandal
(By Harichandan Arakali and Andrea Tan, Bloomberg News) Satyam Computer Services Ltd., India's fourth-largest software exporter, said it is dealing with a crisis of “unimaginable proportions” after its founder admitted to $1billion of false accounting and quit the board. Interim Chief Executive Officer Ram Mynampati said Satyam may have to restate earnings and he couldn't be sure the company had ... (Fri, 09 Jan 2009 16:21:04 GMT)

Most EU Banks Not Using Looser Accounting Rules
Jan. 7, 2009 (Associated Press) BRUSSELS, Belgium - Most European banks and blue chip companies are not using looser accounting rules allowing them to revise upward the value of complex investments which depreciated during the financial crisis, EU market supervisors said Wednesday. (Fri, 09 Jan 2009 16:31:59 GMT)

Take your business places with accounting outsourcing in India
Accounting outsourcing in India adopts various cost effective methods that actually reduces time, money and personnel resources for its clients. (Sat, 10 Jan 2009 04:46:41 GMT)

(AFX UK Focus) 2009-01-10 05:52 Taiwan stocks hit 2-wk low on new accounting rule
TAIPEI, Jan 10 (Reuters) - Taiwan stocks fell 0.78 percent to close at a two-week low on Saturday after the top financial regulator decided to stick with a controversial new accounting rule, while Asustek led technology shares lower. (Sat, 10 Jan 2009 06:17:45 GMT)

Deloitte in the Middle East receives global accolades for accounting training
Deloitte has won double global recognition for the support and accounting training programme it gives to its audit and finance staff in the Middle East. (Sat, 10 Jan 2009 07:02:45 GMT)

City Accounting Students Compete For Cash In Toronto
Whether times are good or bad, someone has to crunch the numbers. That makes accounting one of the rare professions largely immune to economic downturns [...] (Sat, 10 Jan 2009 14:13:02 GMT)

Arkansas accounting firm joins BKD
A Rogers, Ark., accounting firm has joined Springfield-based BKD. (Sat, 10 Jan 2009 16:39:31 GMT)

Taiwan To Fully Implement International Accounting Standards By 2012-Report
TAIPEI -(Dow Jones)- Taiwan will fully implement international accounting standards by 2012 to get on track with the world, the Central News Agency reported Saturday, quoting a Financial Supervisory Commission official. (Sat, 10 Jan 2009 17:08:41 GMT)

Taiwan Premier: Accounting Rule To Continue As Planned -Report
TAIPEI -(Dow Jones)- Taiwan will continue with the implementation of the stricter accounting rule on inventories that took effect Jan. 1, the Commercial Times reported Sunday quoting Premier Liu Chao-shiuan. (Sun, 11 Jan 2009 04:23:14 GMT)

India Inc in damage-control mode after billion-dollar fraud scandal
A billion-dollar accounting scandal at one of India's top outsourcing firms has left the government and financial regulators scrabbling to control the damage. (Sun, 11 Jan 2009 05:11:42 GMT)

Third Executive of Indian Outsourcing Giant Arrested in Accounting Scandal
NEW DELHI, Jan. 10 -- Indian police arrested the chief financial officer of embattled outsourcing giant Satyam Computer Services on Saturday, the third executive to be charged in a fraud scandal that threatens to roil India's flourishing technology industry. (Sun, 11 Jan 2009 05:59:15 GMT)

SEC report: Keep ‘mark to market’ accounting rules
The U.S. Securities and Exchange Commission does not want to suspend “mark to market” accounting rules that some blame for the financial distress of U.S. banks and mortgage lenders. (Mon, 12 Jan 2009 06:02:55 GMT)

Final accounting of Beijing Olympics to be released
The final accounting of revenues and expenditures for the Beijing Olympic Games is expected to be released in the first half of the year. Liu Jingmin, Vice Mayor of Beijing and Executive Vice President of the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG), said on January 10 that, as auditing for the Olympic Games' various expenditures has yet to commence, the release of ... (Mon, 12 Jan 2009 08:35:28 GMT)

India's Satyam to appoint new accounting firm
HYDERABAD, India, Jan 12 (Reuters) - India's embattled Satyam Computer Services will appoint a new accounting firm within the next 48 hours to work on restating the accounts and declare the December quarter earnings, a member of the new board said. (Mon, 12 Jan 2009 12:24:54 GMT)

(AFX UK Focus) 2009-01-12 12:39 India's Satyam to appoint new accounting firm
HYDERABAD, India, Jan 12 (Reuters) - India's embattled Satyam Computer Services will appoint a new accounting firm within the next 48 hours to work on restating the accounts and declare the December quarter earnings, a member of the new board said. Working capital issues require immediate attention at the company, Deepak Parekh, a senior banker and one of the government appointees to Satyam's ... (Mon, 12 Jan 2009 12:47:42 GMT)

Satyam To Hire Independent Accounting Firm In Two Days
Satyam To Hire Independent Accounting Firm In Two Days (Mon, 12 Jan 2009 13:23:00 GMT)

New Satyam board meets, to get new accounting firm
COMMENT ON THIS ! Your Views! The fraud-hit Satyam Computers will get a new accounting firm in 48 hours to restate the company's financial position and publish the third quarter results, Deepak Parekh, one of the three new board members named by the government, announced on Monday. (Mon, 12 Jan 2009 13:44:10 GMT)

Satyam Appointing New Accounting Firm to Restate Accounts
The government-appointed board at financially troubled Indian outsource Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts. (Mon, 12 Jan 2009 14:20:13 GMT)

Despite layoffs, accounting shortages continue
An increasing number of accountants are chasing a shrinking amount of jobs. This simple example of supply and demand has eased recruiting at Long Island’s public accounting firms, which traditionally have had trouble finding qualified professionals, especially in the middle levels. But it hasn’t solved all their problems. “I think if you took a survey of [...] (Mon, 12 Jan 2009 14:37:52 GMT)

New Satyam board meets, to get new accounting firm
Hyderabad, Jan 12: The fraud-hit Satyam Computers will get a new accounting firm in 48 hours to restate the company's financial position and publish the third quarter results, Deepak Parekh, one of the three new board members named by the government, announced Monday. (Mon, 12 Jan 2009 15:40:34 GMT)

Satyam appointing new accounting firm to restate accounts
The government-appointed board at financially troubled Indian outsourcer Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts. (Mon, 12 Jan 2009 16:04:59 GMT)

Local accounting firm in new office
The new office of the accounting firm Smith Elliott Kearns & Co. LLC is on Wetzel Drive in Hanover. The company recently moved to the new building from Frederick Street in Hanover. (Mon, 12 Jan 2009 22:24:02 GMT)

New Satyam Board to appoint 'Independent accounting firm'
Hyderabad, Jan 11 : Deferring its decision on appointment of Chairman, the new Board of beleaguered Satyam Computer Services today decided to appoint within two days an 'independent accounting firm to restate the financials and announcing of the Q3 results. (Tue, 13 Jan 2009 04:55:24 GMT)

13-01-2009: Living with fair value and mark-to-market accounting
Up until the impact of the financial meltdown was felt across the globe, mark-to-market accounting which is based upon principles of fair value accounting (FVA) was a widely accepted basis for the preparation of accounts. (Tue, 13 Jan 2009 06:07:09 GMT)

Accounting center reduces work force
About 140 salaried employees at Walgreens Accounting Center are eligible for a buyout package that seeks to reduce about 1,000 positions throughout the entire company. (Tue, 13 Jan 2009 06:47:50 GMT)

ESC faulted for accounting issues
COLUMBIA -- Audits of the state trust fund for unemployment benefits that ran out of money last month have repeatedly criticized the agency operating the fund for its accounting system and for not having adequately trained staff. (Tue, 13 Jan 2009 07:01:59 GMT)

Reports stated that theses companies may also face some issues with accounting and compliance.
Shares of Rolta, BRFL and Gammon India have plummeted after reports stated that theses companies may also face some issues with accounting and compliance. (Tue, 13 Jan 2009 08:44:36 GMT)

Accounting Management Solutions Names Two Business Development Directors
Accounting Management Solutions, Inc., a leading provider of accounting, financial management, and consulting services to private, public, and nonprofit organizations, today announced the appointment of two business development directors. (Tue, 13 Jan 2009 13:30:00 GMT)

India orders probe into Satyam accounting fraud
NEW DELHI - The Indian government Tuesday ordered an investigation into the Satyam accounting fraud by the country's Serious Fraud Investigation Office (SFIO), officials said. (Tue, 13 Jan 2009 15:23:04 GMT)

Satyam Hires Accounting Firms to Restate Accounts
The board of Satyam Computer Services has hired two accounting firms to restate the accounts of the scandal-ridden company. (Wed, 14 Jan 2009 10:00:13 GMT)

China unifies accounting for dual-listed insurers
SHANGHAI, Jan 14 (Reuters) - China's insurance regulator on Wednesday ordered the country's insurers with dual listings in Hong Kong and mainland China to adopt a new, uniform accounting standard starting this year. (Wed, 14 Jan 2009 10:45:39 GMT)

Frazier & Deeter Honored as “Best Accounting Firm to Work For”
Frazier & Deeter, one of Atlanta’s top ten accounting firms, was ranked as the number one “Best Accounting Firm to Work For” by the publishers of Accounting Today , a leading publication in the accounting industry, and Best Companies Group. Out of 200 firms nationally, Frazier & Deeter, with 180 employees, placed first in the mid-size category on employee satisfaction, workplace experience and ... (Wed, 14 Jan 2009 20:04:16 GMT)

Duke OK'd to begin accounting windstorm costs — with interest
The Public Utilities Commission of Ohio has approved Duke Energy Ohio's request to begin accounting for the costs it incurred as a result of the windstorm. The company will also be allowed to recover these costs, estimated at $31 million, with interest. (Wed, 14 Jan 2009 21:00:51 GMT)

Westport accounting firm grows as Madoff scandal evolves
A Westport accounting firm expects to be expanding its staff after offering tax recovery and forensic accounting services to individuals and organizations who believe they have lost money through investments with Bernard Madoff, president of Bernard L. (Thu, 15 Jan 2009 00:37:58 GMT)

Atlanta-Based Accounting Firm, Moore Colson, Recently Announced the Admission of Two New Partners
Atlanta-based accounting firm, Moore Colson, recently announced the admission of two new partners. Andy Starnes, Partner, Tax Services Practice and Chris Arnone, Partner, Business Assurance Practice. Moore Colson, founded in 1981, is a full-service accounting and consulting firm located in Atlanta, Georgia, providing tax, assurance, real estate, management consulting, estate and financial ... (Thu, 15 Jan 2009 07:01:00 GMT)

CANADIAN ACCOUNTING STANDARDS BOARD JANUARY 9, 2009 DECISION SUMMARY
An executive summary of discussions and decisions with respect to the topics addressed at this meeting have now been posted on the CICA’s website. Topics include: International Activities; Publicly Accountable Enterprises Strategy; Private Enterprises Strategy; Credit Environment; EIC Agenda Issues; International Accounting Standards Committee Foundation's (IASCF) Constitution Review.... (Thu, 15 Jan 2009 11:48:14 GMT)

Duke gets accounting break for storm
Ohio utility regulators approved Duke Energy's request for separate accounting treatment to recover $31 million in increased expenses from the massive Sept. 14 windstorm. (Thu, 15 Jan 2009 12:45:15 GMT)

Marks Paneth & Shron, Leading Accounting Firm, Names Four Additional Partners and One Principal
Accounting firm Marks Paneth & Shron LLP (MP&S) today announced that, effective January 1, 2009, the firm added four new partners and one principal. The new partners and principal have significant expertise and experience in real estate, tax consulting and planning, auditing, trusts and estates, planning for high-net-worth individuals and matrimonial issues. (Thu, 15 Jan 2009 15:30:00 GMT)

SEC Nominee: Changing Accounting Standards Too Expensive
WASHINGTON -(Dow Jones)- Mary Schapiro, President-elect Barack Obama's pick to be chairman of the Securities and Exchange Commission, expressed reservations Thursday about scrapping U.S. accounting standards in favor of the International Financial Reporting Standards. (Thu, 15 Jan 2009 17:09:58 GMT)

Document Capture Engages New Accounting Firm
Document Capture Technologies, Inc. (OTCBB:DCMT), an IP driven worldwide leader in the design, development, manufacture and sale of USB-powered mobile page-fed document scanners for OEM’s, VAR’s and system integrators, today announced the engagement of Hein & Associates LLP as the Company’s new independent accountants. (Fri, 16 Jan 2009 14:31:42 GMT)

Research and Markets: The 2009-2014 World Outlook for Accounting Services, A Must Read For Accounting Firms
DUBLIN, Ireland----Research and Markets has announced the addition of the "The 2009-2014 World Outlook for Accounting Services" report to their offering. (Fri, 16 Jan 2009 16:12:00 GMT)

Credit Crisis Adds Uncertainty to International Accounting Transition; Most Business Schools Not Preparing Students
Accounting firms and corporations are watching with great interest how quickly the Obama administration will move to adopt International Financial Reporting Standards for U.S.-listed companies, according to an international accounting expert. (Fri, 16 Jan 2009 16:25:00 GMT)

India Inc.'s Murky Accounting
(Fri, 16 Jan 2009 17:40:11 GMT)

Satyam scam a a blot on corporate India, says PM
MUMBAI: The Prime Minister Dr Manmohan Singh on Saturday said that the Satyam issue is a blot on corporate India and corporates must look into accounting practices. (Sat, 17 Jan 2009 13:56:30 GMT)

A Windfall for (Some) Buyers
A new housing program is intended to fight a ?brain drain? of workers in fields like nursing and accounting who are driven from Long Island by high housing costs. (Sat, 17 Jan 2009 14:05:57 GMT)

India Inc unprepared to tackle terror attacks: Survey
The Mumbai terror attacks in November 2008 brought into sharp focus the lax security measures in the private sector. A survey undertaken by accounting and consulting firm KPMG to review the security measures adopted by corporate India reveals worrisome lacunae. (Sat, 17 Jan 2009 15:50:24 GMT)

Riviera accounting still shaky
Following up on a 2006 audit of Riviera Beach and the city's community redevelopment agency, the state auditor general found continued problems with accounting for cash and the use of credit cards, a lack of competitive bids for some purchases, lax accounting for city property and vague contracts with consultants. (Sat, 17 Jan 2009 23:57:16 GMT)

Students win accounting game
AMHERST - Touting the benefits of teamwork, the four-member team in Missy Shea's accounting class beat out 2,304 other teams across the country at the recent Deloitte Virtual Team Challenge in a game called Spill. (Sun, 18 Jan 2009 05:18:18 GMT)

Noteworthy
DWD Technology Group was named a 2008 Technology Pacesetter by Accounting Technology magazine. American Family Insurance presented Matt Green with a Presidents Campaign Top 40 in Indiana Award for outstanding life insurance sales. (Sun, 18 Jan 2009 07:03:49 GMT)

New twist in former Sen. Stevens case
Seemingly stunned by the conduct of the Justice Department in the weeks following former Sen. Ted Stevens' trial, the judge in the case has ordered U.S. Attorney General Michael Mukasey to provide an accounting for how his prosecutors handled a whistle-blower complaint last month. (Sun, 18 Jan 2009 08:52:44 GMT)

Jobs calendar
11 a.m.-3 p.m. Thursday, Seattle Center, Northwest Rooms, First Avenue North and Republican Street. Positions available in accounting, customer service, administration, financial, medical (RN, CNA, PT), technical, sales, warehouse and transportation. Admission is free. (Sun, 18 Jan 2009 09:00:57 GMT)

CHARNEY NOW WAGING BIZARRE CYBER-BATTLE
AMERICAN apparel's legal battles have taken a weird turn onto the Web. Facing a string of well-publicized worker lawsuits with charges ranging from sexual harassment to accounting fraud, the trendy retailer appears to be mounting an unusual... (Sun, 18 Jan 2009 10:18:55 GMT)

Business people/Hires, Promotions & Honors
Lougen, Valenti, Bookbinder and Weintraub, an Amherst accounting and consulting firm, named James (Sun, 18 Jan 2009 12:01:09 GMT)

COMPANIES
OAK BROOK, Ill. -- Crowe Horwath LLP has been named the 2008 Accounting Due Diligence Firm of the Year by The Mergers and Acquisitions (M&A) Advisor, a leading publication for financial executives. This is Crowe's second consecutive award. (Sun, 18 Jan 2009 12:14:39 GMT)

Accounting firm has new name
An accounting firm with offices in Mason and Milford is changing its name. (Sun, 18 Jan 2009 17:46:13 GMT)

Accounting firm’s failed responsibility
It is often argued that accounting and disclosure rules are good in India and the problem lies mainly in the enforcement. This is true to a degree but when widespread malpractices prevail, rules too must be tightened materially. (Sun, 18 Jan 2009 19:01:45 GMT)

Accounting rule imperils Atlanta FHLB
The Federal Home Loan Bank of Atlanta and its 11 sister banks may be facing a looming balance sheet crisis. (Mon, 19 Jan 2009 05:39:55 GMT)

Profiles in Accounting: Ed Polansky
In 1979, Ed Polansky was one of a number of CPAs in the Houston office of Arthur Young who moved to San Antonio to open a local office. It was a time, he recalls, when other growing accounting firms were recognizing the city’s potential and setting up shop in the Alamo City. (Mon, 19 Jan 2009 06:12:13 GMT)

Waldron finds opportunities and challenges in accounting
When Jason Waldron says some of his clients are smaller companies, he means ones earning hundreds of millions of dollars in revenue. (Mon, 19 Jan 2009 06:12:22 GMT)

Qiao Xing Mobile Communication Co., Ltd. Announces the Change of Its Independent Registered Public Accounting Firm
Qiao Xing Mobile Communication Co., Ltd. , one of China's leading manufacturers of mobile handsets, today announced that on January 8, 2009, it was notified that effective December 8, 2008, the personnel of Grobstein Horwath & Company LLP had joined with Crowe Horwath LLP , resulting in the resignation of GHC as the independent registered public accounting firm for the Company. (Mon, 19 Jan 2009 12:00:00 GMT)

Qiao Xing Universal Telephone, Inc. Announces the Change of Its Independent Registered Public Accounting Firm
Qiao Xing Universal Telephone, Inc. today announced that on January 8, 2009, it was notified that effective December 8, 2008, the personnel of Grobstein Horwath & Company LLP had joined with Crowe Horwath LLP , resulting in the resignation of GHC as the independent registered public accounting firm for the Company. (Mon, 19 Jan 2009 12:00:00 GMT)

Flawed accounting method hides true scale of pension fund losses
Many of Britain's biggest companies are preparing year-end accounts that show their pension schemes moved into surplus last year despite the collapse in world markets, which wiped hundreds of billions from their assets. The latest figures from the pensions advisers Aon Consulting show that a steep decline in the FTSE 100 over last year and a sharp drop in commercial property values has sent ... (Mon, 19 Jan 2009 12:51:41 GMT)

SCIENCE MATTERS: Accounting for nature's goods and services
Blueberries have become B.C.'s biggest fruit crop, bringing in close to $100 million in annual sales. That's a lot of money for farmers, pickers, packagers, distributors, and grocery stores. But the essential service provided by one of the hardest workers in the blueberry industry rarely makes it into the account ledgers. (Mon, 19 Jan 2009 13:33:11 GMT)

The Hindu Business Line : Don’t blame accounting for financial mess: IASB chief
The International Accounting Standards Board (IASB) does not want ‘accounting’ to be blamed for the global financial crisis. Accounting is somewhere at the bottom of the list of reasons behind the financial mess, says the IASB Chairman, Sir David Tweedie. (Mon, 19 Jan 2009 18:50:07 GMT)

Federal Home Loan Banks may have to borrow from U.S.
Losses from mortgage-related investments are causing some banks' capital to fall close to or below required minimums. The banks say accounting rules make their situation look worse than it is. The mortgage crisis is seeping into one of the last dry corners of the mortgage business, the regional network of Federal Home Loan Banks, which provide U.S. banks with hundreds of billions of dollars ... (Tue, 20 Jan 2009 05:29:11 GMT)

Accounting Today Names Cabinet NG to its Top 100 Products List
HUNTSVILLE, Ala.----Cabinet NG , the preeminent automated document management and workflow solution for small enterprises, today announced that Accounting Today has named Cabinet NG’s document management solutions as one of the "Top 100 Products" in 2008. (Tue, 20 Jan 2009 14:22:00 GMT)

Accounting Today Names Cabinet NG to its “Top 100 Products” List
Cabinet NG (CNG), the preeminent automated document management and workflow solution for small enterprises, today announced that Accounting Today has named Cabinet NG’s document management solutions as one of the "Top 100 Products" in 2008. CNG-SAFE was named in the Document Management and Workflow Tools category. In addition, CNG-Books (Cabinet NG’s solution that integrates Intuit’s QuickBooks ... (Tue, 20 Jan 2009 14:46:00 GMT)

Regions swings to $6.2 billion loss
Nashville's largest bank, Regions Financial Corp., swung to a $6.2 billion loss during the fourth quarter, mostly because the bank had to write down the value of its banking enterprise because of accounting rules. (Tue, 20 Jan 2009 16:25:47 GMT)

Accounting firm resigns from Bioheart account
Bioheart, the Sunrise bioteach company, announced Tuesday its accounting firm, Grant Thornton, had notified Bioheart that it is resigning from the account, effective immediately. (Tue, 20 Jan 2009 20:42:50 GMT)

Immtech Announces Appointment of Virchow Krause as Independent Registered Public Accounting Firm
Immtech Pharmaceuticals, Inc. today announced that the Company has appointed Virchow, Krause & Company, LLP as its independent registered public accounting firm, effective immediately. (Tue, 20 Jan 2009 21:52:00 GMT)

Satyam Said to Draw SEC Scrutiny in Accounting Case (Update1)
Jan. 20 (Bloomberg) -- The U.S. Securities and Exchange Commission is investigating whether India’s Satyam Computer Services Ltd. misled investors in an alleged $1 billion accounting fraud, two people familiar with the matter said. (Tue, 20 Jan 2009 22:31:44 GMT)

OfficeMax expands accounting write-down
Office supply chain OfficeMax Inc. said Tuesday a review of its goodwill and assets is prompting it to record an additional $105 million non-cash accounting charge, according to a regulatory document filed with the Securities and Exchange Commission. (Tue, 20 Jan 2009 22:41:58 GMT)

JNNURM seeks details of accounting system used in civic body
The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) headquarters in New Delhi has written to the Vadodara Municipal Corporation (VMC) to furnish a brief report about its experience in implementing the Accrual Based Accounting system. (Wed, 21 Jan 2009 04:59:56 GMT)

Accounting firm resigns from Bioheart
Bioheart's (BHRT) accounting firm, Grant Thornton, is resigning from its account with the company. The Sunrise biotech firm issued a statement saying the accounting firm's audit report of the fiscal statements for 2007 and 2008 ``did not contain any adverse opinion or disclaimer.'' (Wed, 21 Jan 2009 08:16:45 GMT)

Accounting Today Names Cabinet NG To Its 'Top 100 Products' List
Cabinet NG (CNG), the preeminent automated document management and workflow solution for small enterprises, recently announced that Accounting Today has named Cabinet NG's document management solutions as one of the "Top 100 Products" in 2008. (Wed, 21 Jan 2009 08:49:15 GMT)

VRL: Accounting Firms Report Strong 2008 Results
LONDON----Research conducted by International Accounting Bulletin , VRL’s leading publication for the global accounting industry, reports the combined fee income of major networks was $130.5 billion, a 16 percent increase on 2007, and there was a 15 percent increase in the total revenue of associations, up to $22.6 billion. (Wed, 21 Jan 2009 11:40:00 GMT)

CREDIT CRISIS ADDS UNCERTAINTY TO INTERNATIONAL ACCOUNTING TRANSITION; MOST BUSINESS SCHOOLS NOT PREPARING STUDENTS
Accounting firms and corporations are watching with great interest how quickly the Obama administration will move to adopt International Financial Reporting Standards for U.S.-listed companies, according to an international accounting expert. (Wed, 21 Jan 2009 12:32:22 GMT)

Commission calls for BCSO accounting
Barton County commissioners have directed county staff members to provide an accounting of all of the funds that run through the Barton County Sheriff's Office. (Wed, 21 Jan 2009 14:17:05 GMT)

India Tries to Save Jobs After Satyam Scandal
In the wake of a massive accounting fraud, the government props up the country's fourth-largest outsourcing company (Wed, 21 Jan 2009 15:25:00 GMT)

World's biggest accounting scams
The Satyam scam is the biggest fraud to hit India Inc. Across the globe, there have been several cases of fraud over the years. In all cases, the top management has colluded to inflate accounts, manipulate prices and take investors for a ride. Here's a look at the world's biggest accounting frauds. (Thu, 22 Jan 2009 11:37:35 GMT)

Accounting change added over Rs 1k crore to RIL's profit
COMMENT ON THIS ! Your Views! The country's most valued corporate entity Reliance Industries on Wednesday said that its net profit would have been lower by Rs 1,177 crore in the first nine months of the current fiscal if it had followed a separate accounting method. (Thu, 22 Jan 2009 13:47:02 GMT)

Accounting Error Puts State Deeper in the Red
A major accounting error in Maine's tax system has led to a multi-million-dollar problem. The state's revenue service has been mistakenly double counting millions of dollars in tax payments paid electronically. Lawmakers must quickly find a way to cut another 11 million dollars from this year's budget to fix the error. (Provided by News 13) (Thu, 22 Jan 2009 14:24:59 GMT)

SEC, GM announce settlement of pension accounting case
WASHINGTON -- General Motors Corp. agreed to settle civil charges filed Thursday by the Securities and Exchange Commission, ending a more than four-and-a-half-year investigation into accounting practices at the Detroit automaker. (Thu, 22 Jan 2009 16:36:26 GMT)

GM settles with SEC over accounting estimates
UPDATED AT 3:40 P.M.: General Motors Corp. is settling federal charges related to accounting estimates in statements the automaker filed in 2002. (Thu, 22 Jan 2009 19:03:18 GMT)

GM escapes SEC accounting probe without penalty
General Motors Corp. escaped from a federal accounting probe without penalty Thursday when the Securities and Exchange Commission settled charges that GM's mistakes violated federal laws. The Detroit automaker will not be fined and did not admit or deny the... (Thu, 22 Jan 2009 19:10:41 GMT)

GM settles with SEC over pension accounting errors
General Motors Corp. on Thursday settled federal regulators' charges related to accounting errors in financial statements the automaker filed in 2002. (Thu, 22 Jan 2009 19:52:46 GMT)

GM settles 4-year accounting probe
DETROIT, Jan. 22 (UPI) -- A U.S. Securities and Exchange Commission probe into General Motors Corp.'s accounting practices will end without fines or sanctions, a source said. (Thu, 22 Jan 2009 21:09:11 GMT)