Accounting News 10/2009 (Page 2)

Fesnak & Associates, LLP Named a Leading Provider of Accounting Services in U.S. (Marketwire)

BLUE BELL, PA--(Marketwire - October 8, 2009) - Fesnak & Associates, LLP ( www.fesnak.com ), which provides middle-market clients in the mid-Atlantic states with sophisticated accounting, tax and financial services, announced today that it has been chosen by Goldline Research as one of the "Leading Providers in the United States: Accounting Professionals" for 2009. The ... (Oct 8, 2009)

AmerInst Insurance Group Enters Into New Agreement to Provide Professional Liability Insurance to Accounting Firms (Marketwire)

HAMILTON, BERMUDA--(Marketwire - October 8, 2009) - AmerInst Insurance Group, Ltd. ("AmerInst") today announced an agreement with certain insurance companies of Crum & Forster Holdings Corp. ("C&F") to provide professional liability insurance to accounting firms. C&F insurance companies are rated A (Excellent) by A. M. Best Company. AmerInst's recently formed subsidiary, AmerInst Professional ... (Oct 8, 2009)

Accounting firms complete merger (Central New York Business Journal)

SYRACUSE - Beard Miller Co., LLP (BMC) and Parente Randolph, LLC of Philadelphia closed their merger earlier this month to form an accounting firm with 170 partners, 1,200 employees, and $175 million in annual revenue. (Oct 8, 2009)

CPA-Accounting, Hyatt on a roll (Saipan Tribune)

Hyatt Regency Saipan and CPA-Accounting extended their winning streak in the 2009 IT&E Inter-Government/Business Basketball League after routing separate foes on Wednesday night at the Gilbert C. Ada Gymnasium. (Oct 8, 2009)

Five Star Staffing & Accounting Recruiters Named as Top Women-Owned Businesses in the Triangle (dBusinessNews.com)

RALEIGH , NC – Five Star Staffing & Accounting Recruiters, a responsive staffing firm focusing on Administrative and Accounting placements in the Triangle, announces the firm has been recognized as one of the Triangle’s Top 25 Women-Owned Businesses by Triangle Business Journal. (Oct 8, 2009)

NexCen Brands Appoints Chief Accounting Officer (Business Wire via Yahoo! Finance)

NEW YORK----NexCen Brands, Inc. today announced that it has appointed Brian D. Lane as Vice President, Chief Accounting Officer. He will report to Mark Stanko, Chief Financial Officer. (Oct 8, 2009)

Citizens Republic Announces Departure of Grunst, Treasurer and Principal Accounting Officer (PR Newswire via Yahoo! Finance)

Citizens Republic Bancorp announced today that Martin E. Grunst, senior vice president, treasurer and principal accounting officer, will be leaving effective October 16, 2009 to accept a similar position with a regional financial services company based in the Southwestern United States. (Oct 8, 2009)

Jackson High School athletic department's accounting procedures get closer look (The Jackson Citizen Patriot)

An auditing firm in June 2008 recommended that Jackson Public Schools look at its accounting in the Jackson High School athletic department after auditors discovered procedures meant to act as controls were not always followed.The school board, which also made... (Oct 9, 2009)

Seymour Pierce fined for failing to spot accounting fraud (Accountancy Age)

Investment bank Seymour Pierce has been fined £154,000 by the Financial Services Authority after failing to spot accounting theft by a former employee. (Oct 9, 2009)

Financial fraud -- accounting for criminals (CNN)

When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple. (Oct 9, 2009)

SEC Strategic Plan Backs Global Accounting Standards (WebCPA)

The Securities and Exchange Commission has released a draft of a five-year strategic plan that calls for a single set of high-quality global accounting standards. (Oct 9, 2009)

Fesnak & Associates, LLP Named Leading Provider of Accounting Services in U.S. (dBusinessNews.com)

PROVIDER OF ACCOUNTING SERVICES IN U.S. BLUE BELL, PA, October 8, 2009—Fesnak & Associates, LLP ( www.fesnak.com ) , which provides middle-market clients in the mid-Atlantic states with sophisticated accounting, tax and financial services, announced today that it has been chosen by Goldline Research as one of the “Leading Providers in the United States: Accounting ... (Oct 9, 2009)

Finance and Accounting Salaries Expected to Fall in 2010 (WebCPA)

The national average salary for finance and accounting professionals is expected to decline slightly next year by 0.85 percent, with CFOs and treasurers taking an even bigger hit of 7.7 percent, according to a survey by staffing company Ajilon Professional Staffing. (Oct 9, 2009)

ACC figures 'accounting trickery' (Scoop.co.nz)

The Engineering, Printing and Manufacturing Union says ACC Minister Nick Smith and his handpicked board chair, John Judge, are being deliberately misleading in their assessment of ACC’s financial situation in order to undermine the scheme. (Oct 9, 2009)

College funding program on empty (Chicago Tribune)

Without legislators' help, many students wonder how they'll pay This month, DePaul University senior Elena Suarez will register for some of the final classes she needs to graduate -- courses in accounting, religion and public speaking. But Suarez doesn't know how she'll pay for them. (Oct 10, 2009)

SEC probe of possible accounting issues at KB Home (Market Watch)

The U.S. Securities and Exchange Commission is investigating "possible accounting and disclosure issues" at KB Home, one of the country's largest builders, the company has disclosed. (Oct 10, 2009)

Learning to count: Accounting 101 (The State)

If you're like most people, the word "accounting" does not exactly send chills up your spine. (Oct 11, 2009)

Child care, accounting among stable industries (The Augusta Chronicle)

As job losses remain at record levels, many Americans are trying to figure out what jobs might be secure in the future. (Oct 11, 2009)

Businesses making news (Detroit Free Press)

New business/location The Accounting Aid Society, a provider of free income tax preparation services for low- and moderate-income households, has moved its headquarters to Detroit's New Center area. The address is 7700 Second Ave., Suite 314, Detroit. The previous headquarters was on Detroit's far east side. (Oct 11, 2009)

SEC investigates KB Home accounting (AP via Yahoo! Finance)

The Securities and Exchange Commission is investigating homebuilder KB Home for possible accounting and disclosure violations, according to a regulatory filing. (Oct 11, 2009)

(AFX UK Focus) 2009-10-12 00:06 KB Home says SEC probes accounting issues (Interactive Investor)

NEW YORK, Oct 11 (Reuters) - KB Home said it is being investigated by the U.S. Securities and Exchange Commission over possible accounting and disclosure issues, adding to the home builder's legal woes as it continues to face a tough market. The SEC staff notified the company on Oct. 2 that a formal order of investigation had been issued, KB Home said in an SEC filing on Friday. "The staff has ... (Oct 11, 2009)

Accounting Today Names Nashville CEO Among Top 100 Most Influential in Accounting (dBusinessNews.com)

NASHVILLE -- David A. Costello, CPA, President of the National Association of State Boards of Accountancy (NASBA) has been named as one of the "Top 100 Most Influential People in Accounting" by Accounting Today Magazine. This year marks Costello's twelfth year being nominated for the honor. (Oct 12, 2009)

CCH MALAYSIA TO IMPROVE TAX & ACCOUNTING SALES BY 10-15 PCT NEXT YEAR (Bernama via Yahoo! Malaysia News)

KUALA LUMPUR, Oct 12 -- CCH Malaysia, an information services and event provider, aims to increase the sales target by 10-15 per cent for its tax and accounting portfolio next year, through its upcoming e-learning initiative. (Oct 12, 2009)

KB Home Says SEC Investigating Accounting (TheStreet.com)

The Securities and Exchange Commission is investigating homebuilder KB Home for possible accounting and disclosure violations, the company said in a regulatory filing. (Oct 12, 2009)

Washington, First in Accounting (Washington Post)

Forensic accountants dig through collection of George Washington financial papers, giving new view of first president. » Joel Achenbach (Oct 12, 2009)

Freelance accounting site Crunch gets funding boost (Netimperative)

Skype Chairman Michael van Swaaij and co-Founder of Bebo Paul Birch and have backed online accounting start-up Crunch.co.uk by investing hundreds of thousands of pounds into the venture. (Oct 12, 2009)

Pacific Asia Petroleum Earns Top Ranking in Latest Accounting & Governance Risk (AGR) Report (Business Wire via Yahoo! Finance)

HARTSDALE, N.Y.----Pacific Asia Petroleum, Inc. achieved a score of 99 out of 100 from Audit Integrity, the pre-eminent evaluator of risk, transparency and reliability in corporate accounting and governance. (Oct 12, 2009)

MegaStar Financial Corp. Selects Advantage Systems' Accounting for Mortgage Bankers (Business Wire via Yahoo! Finance)

SAN DIEGO----Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced at MBA’s 96th Annual Convention and Expo that Denver-based MegaStar Financial Corp. selected Advantage Systems’ Accounting for Mortgage Bankers to streamline its accounting practices. (Oct 12, 2009)

KB Home Shares Tumble On SEC Accounting Investigation (Nasdaq)

NEW YORK -(Dow Jones)- KB Home's (KBH) shares tumbled more than 7% in early trading Monday as investors digested Friday's disclosure that the Securities and Exchange Commission is investigating its accounting, the latest regulatory scrape for the Los Angeles-based home builder. (Oct 12, 2009)

UPDATE: KB Home Shares Tumble On SEC Accounting Investigation (Nasdaq)

VentureCount Launches New Cloud Accounting Solution for Government Contractors (Marketwire via Yahoo! Finance)

ARLINGTON, VA--(Marketwire - 10/13/09) - VentureCount LLC, an accounting outsourcing firm in the Washington DC Metro area, today announced the launch of GovCount, a new cloud computing based, FAR compliant accounting platform that can satisfy audit requirements of the Defense Contract Audit Agency (DCAA). GovCount addresses the specialized needs of small and medium size enterprise (SME ... (Oct 13, 2009)

VentureCount Launches New Cloud Accounting Solution for Government Contractors (Marketwire)

GovCount Accounting Platform, Powered by Intacct, Provides a Scalable, Cloud-Based and Federal Acquisition Regulation (FAR) Compliant Financial Platform for Small and Medium Sized Enterprises (Oct 13, 2009)

OneWest Bank, FSB selects Princeton Financial Systems accounting system (Finextra)

OneWest Bank, FSB has selected ePAM, Princeton Financial Systems' (PFS) hosted investment accounting solution, to provide accounting across all asset ... (Oct 13, 2009)

In Montpelier, big disclosure of accounting error (WCAX-TV Vermont)

Associated Press - October 13, 2009 10:35 AM ET MONTPELIER, Vt. (AP) - The city of Montpelier's disclosure of a $462,000 accounting error that dates to 2004 has officials in Vermont's capital... (Oct 13, 2009)

In Montpelier, big disclosure of accounting error (Boston Globe)

The city of Montpelier's disclosure of a $462,000 accounting error that dates to 2004 has officials in Vermont's capital city scrambling -- and residents demanding to know why it wasn't made public sooner. (Oct 13, 2009)

Montpelier, Vt., comes clean about accounting slip (AP via Yahoo! News)

Vermont's capital city is coming clean about a 5-year-old accounting mistake that cost it hundreds of thousands of dollars. (Oct 13, 2009)

Montpelier, Vt., comes clean about accounting slip (San Francisco Chronicle)

Vermont's capital city is coming clean about a 5-year-old accounting mistake that cost it hundreds of thousands of dollars. After being questioned by the Barre-Montpelier Times Argus, Montpelier officials apologized and revealed the extent of the blunder in... Sponsored Topics: Vermont - United States - Barre Montpelier Times Argus - Barre-Montpelier Times Argus - Montpelier Vermont (Oct 13, 2009)

Montpelier, Vt., comes clean about accounting slip (MalaysiaNews.net)

MONTPELIER, Vt. -- Vermont's capital city is coming clean about a 5-year-old accounting mistake that cost it hundreds of thousands of dollars.After being questioned by the Barre-Montpelier Times Argu... (Oct 13, 2009)

Town to upgrade workday accounting to digital (The Daily Mail)

COXSACKIE — The Town of Coxsackie is looking to upgrade its manhour and workday accounting system from paper to computer. (Oct 14, 2009)

Montpelier discloses big 2004 accounting error (The Barre Montpelier Times Argus)

MONTPELIER — The city of Montpelier has disclosed a $462,000 accounting error that dates to 2004, sending officials in Vermont's capital city scrambling and residents demanding to know why it wasn't made public sooner. ... - By JOHN CURRAN THE ASSOCIATED PRESS (Oct 14, 2009)

Thomson Reuters upgrades Portia investment accounting system (Finextra)

Thomson Reuters today announced the launch of its latest release of Portia, an enterprise-wide investment accounting system. (Oct 14, 2009)

Residents Speak Out on Montpelier's Major Accounting Error (WCAX-TV Vermont)

Montpelier residents will get the chance to speak out about an accounting error that cost the city nearly $400,000. (Oct 14, 2009)

Accounting Management Solutions Adds Zerrenner to Lead Healthcare Team (PRWeb via Yahoo! News)

Accounting Management Solutions, Inc. (AMS), a leading provider of outsourced accounting, financial management, and consulting services for private, public, and nonprofit organizations, today announced the appointment of Kevin Zerrenner as director of healthcare business development. Most recently, Zerrenner was a vice president with Bank of America, Global Wealth and Investment Management, and ... (Oct 14, 2009)

Marketing and Business Development in 2010: Strategic Tips for Finance and Accounting Firms (PR Newswire via Yahoo! Finance)

The accounting industry may have weathered the recession better than other professional service markets with continued marketing spending as a telltale indicator. (Oct 14, 2009)

(AFX UK Focus) 2009-10-14 18:44 UPDATE 1-France's Lagarde dissatisfied with accounting rule plan (Interactive Investor)

PARIS, Oct 14 (Reuters) - France will persist voicing dissatisfaction with proposed changes to accounting rules at a gathering of ministers in Luxembourg next week, Economy Minister Christine Lagarde said on Wednesday. France has taken issue with plans put forward by the International Accounting Standards Board (IASB), which draws up rules that are mandatory in France and the rest of the ... (Oct 14, 2009)

Outsource Partners International Reaches Milestone with Hiring of 3,000th Finance & Accounting Professional (Business Wire via Yahoo! Finance)

LOS ANGELES----Outsource Partners International, Inc. , a leading provider of Finance & Accounting Outsourcing and Analytics Services, today announced that it has welcomed its 3,000th professional to the company. (Oct 14, 2009)

SEC Opens New Probe into KB Home Accounting Practices (BuildingOnline)

The Securities and Exchange Commission is once again investigating KB Home and its executives for possible accounting and stock option irregularities, according to filings by the homebuilder and several media outlets. (Oct 14, 2009)

Accounting firm hired without Berlin Council's approval (The Daily Times)

BERLIN -- With two-thirds of its finance department out of commission, the town has hired accounting firm Jefferson, Urian, Doane and Sterner to monitor the town's accounts in the meantime. (Oct 15, 2009)

New Kaplan Student Guide Explains Revised Standards for Group Accounting - IFRS and IAS (Business Wire via Yahoo! Finance)

LONDON----A student's guide to group accounts by Tom Clendon has been published as new regulations governing group accounting have come into force from July this year. Dealing with both practicalities and theory, the book was written to help students pass their accountancy exams and enable practitioners to understand and apply the most complex group accounting issues. (Oct 15, 2009)

Accounting system still broken at Constellation (Sydney Morning Herald)

CONSTELLATION BRANDS, the parent of Australia's second-largest wine company, with labels such as Hardys, Banrock Station and Leasingham, has admitted that a defective accounting system at its Australian operation, first identified in February, has still not been fixed. (Oct 15, 2009)

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