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Accounting News 01/2012



State wrestling old accounting system
PHOENIX - State officials responsible for paying vendors and public employees are eager to replace an accounting system used for nearly two decades - before it crashes.

Officials seek replacement for accounting system
PHOENIX - State officials responsible for paying vendors and public employees are eager to replace an accounting system used for nearly two decades - before it crashes.The Department of Administration's General Accounting Office has managed to keep the system running,...

2012 Payroll Tax Calculator Inside Payroll Mate Software Updated with 2012 Payroll Tax Cut Changes
CHICAGO , Jan. 2, 2012 /PRNewswire/ -- Real Business Solutions ( http://www.PayrollMate.com ), a nationwide provider of payroll and 1099 preparation programs , is helping small businesses, accounting professionals ...

Deal of the week: Accounting firm is headed to Greenway Plaza
Deal of the week: Accounting firm is headed to Greenway Plaza HOUSTON CHRONICLE Copyright 2012 HOUSTON CHRONICLE. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 01:00 a.m., Saturday, December 31, 2011 The locally based certified public accounting firm will occupy 37,820 square feet on one-and-a-half floors at 9 Greenway Plaza. The new ...

New Sage Simply Accounting 2012 English/Spanish Helps Improve Business Efficiency and Payroll Processes for Hispanic ...
IRVINE, CA-- - Sage North America announced today the release of Sage Simply Accounting 2012 English/Spanish , an essential accounting tool for Hispanic small to midsized businesses seeking to streamline ...

Aronson LLC Announces New Partner in Their Government Contracting Practice
ROCKVILLE, Md. , Jan. 3, 2012 /PRNewswire/ -- Aronson LLC, a nationally-ranked accounting and consulting firm headquartered in Rockville, Md. , announced the appointment of John A. Betz , CPA as its newest ...

Key witness, ex-Le-Nature exec face sentencing
A former accounting director-turned-government witness and a former executive for the defunct soft drink maker Le-Nature's faced sentencing Tuesday in federal court in one of the biggest business fraud investigations in western Pennsylvania.

Cooperating witness, former executive face sentencing in Pa. federal court in Le-Nature fraud
PITTSBURGH — A former accounting director-turned-government witness and a former executive for the defunct soft drink maker Le-Nature’s faced sentencing Tuesday in federal court in one of the biggest business fraud investigations in western Pennsylvania. Tammy Jo Andreycak, 44, has been cooperating with investigators since pleading guilty in April 2008 to wire fraud, bank fraud, conspiracy and ...

Fitch: Revamped Accounting Rule to Gradually Affect US Banks
Fitch Ratings says a new accounting rule change requiring banks to book losses on loans sooner will have a gradual affect on US bank income statements. In theory, the suggested change would give banks more time to replenish capital cushions by setting aside reserves as a result of projected loan losses, insulating investors.

New York Mandates Accounting Firm Quality Reviews
New York State's Accounting Reform law makes quality reviews of the attest services of accounting firms mandatory as of Jan. 1, 2012.

Witness in Pa. soft drink fraud case gets 5 years
An accounting director-turned-government witness has been sentenced to five years in federal prison and five years on federal probation for creating fake financial records that fooled auditors of defunct Pennsylvania soft drink maker Le-Nature's.

Auburn University Montgomery Earns AACSB Accreditation in Accounting
Through the most recent ratification Auburn University Montgomery now joins a select few, or 177 business schools worldwide, that maintain both business and accounting accreditation.Tampa, FL (PRWEB) January 04, 2012 AACSB International announced today that Auburn University Montgomery has earned accreditation for its accounting program within the School of Business. Founded in 1916, AACSB ...

Chicago Accounting Firm Porte Brown Names Krowczyk as New Partner
ELK GROVE VILLAGE, Ill. , Jan. 4, 2012 /PRNewswire/ -- Porte Brown LLC ( http://www.PorteBrown.com ), a Chicago CPA firm providing accounting, audit, tax, technology and wealth management services, announces ...

Eagle Asset Management Selects SimCorp for Investment Accounting, Performance and Client Reporting
SimCorp, a leading provider of highly specialized software and expertise for the investment industry, today announced that Eagle Asset Management, has selected SimCorp Dimension, a

Diamond Foods Accounting Probe Threatens Mendes Legacy
Diamond Foods Inc.’s investigation into whether money paid to walnut growers in September violated accounting rules has thrust Chief Executive Officer Michael Mendes into a role he’s unaccustomed to: Playing defense.

Research and Markets: 2011 Report on the $120 Billion US Accounting Services Industry Featuring PWC, KPMG, Deloitte ...
Research and Markets has announced the addition of the "Accounting Services" report to their offering.

Cloud accounting application integrates tightly with Salesforce.com
FinancialForce keeps financial teams in the loop about sales pipeline and progress update. Developed with force.com, the application supports the Chatter collaboration tool.

Bricsnet Achieves Accounting Institute’s Audit of Service Quality for Sixth Consecutive Year
Bricsnet FM America, Inc., a leading provider of Integrated Workplace Management software solutions, announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No.

Diamond Foods Accounting Probe Threatens Mendes Legacy
Diamond Foods Inc.’s investigation into whether money paid to walnut growers in September violated accounting rules has thrust Chief Executive Officer Michael Mendes into a role he’s unaccustomed to: Playing defense.

PwC Announces National Finalists in xTREME Accounting Competition
NEW YORK , Jan. 5, 2012 /PRNewswire/ --  PwC US today announced the 10 college teams that will compete this month in the national finals of the firm's ninth annual xTREME Games .  The xTREME competition ...

Petroleum Accounting: Principles, Procedures, & Issues Scheduled for January 30th Release
DENTON, Texas , Jan. 5, 2012 /PRNewswire-iReach/ -- For more information on Petroleum Accounting: Principles, Procedures, & Issues, please visit www.petroleumaccounting.org (Photo:  (link) CG30915 ...

AccuFund Introduces New Version of Employee Portal with Release of Web-Based Employee Time Entry Module
NEEDHAM, Mass. , Jan. 6, 2012 /PRNewswire/ -- AccuFund, Inc., provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced a new version ...

British regulators fine accounting firm
LONDON, Jan. 6 (UPI) -- Britain's regulators said Friday they have fined accounting firm PricewaterhouseCoopers $2.2 million for turning a blind eye on client assets at JPMorgan Chase.

Merged accounting firms to be based in the Twin Cities
The latest big accounting firm merger involves two upper Midwest companies that eventually will locate its combined main offices in Minneapolis.

Wipfli accounting firm plans merger
The Wipfli accounting and consulting firm, based in Milwaukee, plans to merge with Eide Bailly of Fargo, N.D., on June 1, if regulators approve, the companies said Friday. The Madison Wipfli office, with 98 employees, will not be affected.

Accounting watchdog consultation closes
The business department's consultation into the future of the Financial Reporting Council (FRC) closes for comments on Tuesday.

FACT CHECK: Romney, Paul, offer iffy accounting in weekend Republican debates
WASHINGTON — Mitt Romney took heat in weekend Republican presidential debates for his claims that he created great numbers of jobs in the private sector. Newt Gingrich, for one, said Romney’s record as a venture capitalist was one of flipping companies, taking out all the money and “leaving behind the workers.” Read full article >>

Oakland Nonprofit Bookkeeping Firm Says It’s Not too Late to Switch Accounting Firms
Nonprofit Suite, an Oakland nonprofit accounting firm, says although the end of the year has already passed, nonprofits still have time to make a clean break and start anew with an accounting firm that is a better fit.Oakland, CA (PRWEB) January 09, 2012 The new year is all about new beginnings, and many nonprofit organizations will move on to a different accounting firm at the start of 2012. ...

Local accounting firms merge
Hayashi & Wayland Accounting & Consulting, LLP has announced the acquisition of Snyder Accountancy, a public accounting firm headquartered in Monterey, with a satellite office in Salinas.

Manager, Corporate Accounting
The Manager - Corporate Accounting will work with the Senior Manager - Corporate Accounting to ensure Corporate-related business transactions are properly recorded on the Company's books of record.

Genworth Announces Sale of Tax and Accounting Advisor Unit to Cetera Financial Group
RICHMOND, Va. , Jan. 9, 2012 /PRNewswire/ -- Genworth announces it has agreed to sell Genworth Financial Investment Services (GFIS), its tax and accounting financial advisor unit, to Cetera Financial Group. ...

Petters Ponzi scheme spawns two lawsuits
Accounting firm says it was a victim of the fraud, but receiver says it failed to do its duty.

Local accounting firm joins Ohio company
The Toledo-area accounting firm of Brell, Holt & Co. has become a part of Clark, Schaefer, Hackett & Co., one of the largest accounting firms in Ohio.

WAN Virtualization Adds Up for Accounting Firm Whiting & Partners, Increasing Bandwidth and Raising Resiliency for ...
Talari Networks, Inc. today announced Whiting & Partners has deployed Talari's WAN Virtualization appliances to ensure high-availability networks for voice and data applications, including virtual desktop infrastructure and Voice over Internet Protocol .

IMA Supports FAF Plan to Improve Accounting Standards for Private Companies
IMA®, one of the largest and most respected associations focused exclusively on advancing the management accounting profession, has released a comment letter to the Board of Trustees of the Financial Accounting Foundation regarding its proposed plan to improve the standard-setting process for private companies.

BluePay, a Provider of Merchant Processing Services, Offers New Plugin for QuickBooks Point of Sale
CHICAGO, IL-- - BluePay, a top merchant account provider, offers a new QuickBooks Point of Sale plugin for seamless accounting software integration. Now, in addition to integrating with any workstation ...

Top 100 Accounting Firm Blue & Co. Chooses Deltek Maconomy
Deltek, Inc. , the leading global provider of enterprise software and information solutions for professional services firms and government contractors, today announced that Blue & Co, LLC, a certified public accounting, tax and advisory services firm based in Indiana, has chosen Deltek Maconomy as its integrated financial and practice management system.

Global Accounting, Auditing and Bookkeeping Services Market to Reach US$267 Billion by 2015, According to a New Report ...
GIA announces the release of a comprehensive global outlook on the Accounting, Auditing and Bookkeeping Services Industry. The global accounting, auditing and bookkeeping market witnessed growth, albeit at a slower pace, all through 2010, recovering from hardships encountered in 2009. The prolonged and persistent period of economic recession placed the Big Four as well as several small and ...

Richard A. Berkowitz Elected Chairman of the Board of Community Foundation of Broward
Richard A. Berkowitz, managing director of the accounting and consulting firm Berkowitz Dick Pollack & Brant and chairman of the board of Provenance Wealth Advisors, has been e

Accounting error might lead to more cuts
GRANVILLE -- Granville's new board of education got some grim news Monday night at its first meeting.

General Ledger Accounting Supervisor 8832
One of the largest oilfield services companies, Weatherford operates in more than 100 countries and employs more than 50,000 people worldwide.

Juvenile jail files lawsuit against accounting firms over secretary's $2 million embezzlement
The commission that oversees the local juvenile jail filed suit Monday against its accounting and auditing firms, claiming that their slipshod bookkeeping allowed the commission's secretary to swindle nearly $2 million over 10 years. Brenda Bickford, the long-time secretary for...

Accounting Rules Threatening To Buffet Bank Earnings, Again
Accounting Rules Threatening To Buffet Bank Earnings, Again

Accounting firm questions MRRT figures
The accounting firm BDO says it is very unlikely the mineral resource rent tax will raise the amount of money the Federal Government says it will.

Accounting firm may be held liable over scam
A LOCAL accounting firm may be held liable for losses suffered by people who collectively invested R55 million in what has now been exposed as a pyramid scheme run by disgraced Durban attorney Colin Cowan.

Accounting Standard for Uncertain Income Tax Positions Needs Tweaking
The Financial Accounting Foundation has conducted its first post-implementation review of an accounting standard, starting with FIN 48, "Accounting for Uncertainty in Income Tax Positions," and found it generally achieved its purpose, though it still needs some improvement.

Uncertain Tax Positions Rule Gets Thumbs Up
A 2006 accounting standards interpretation intended to increase relevance and comparability in reporting information about income tax uncertainties generally achieves that purpose, although some stakeholders believe the standard could be improved.

Mercer Advisors Due Diligence Team Selects Orion Advisor Services as Portfolio Accounting Service Partner
OMAHA, Neb. , Jan. 12, 2012 /PRNewswire/ -- Orion Advisor Services, LLC was selected as the outsourced portfolio accounting partner by Mercer Advisors, a total wealth management firm with $3.5 billion ...

The Financial Accounting Foundation Appoints William W. Fish and James E. Brown to the Governmental Accounting ...
William W. Fish, a seasoned municipal securities investment manager and analyst, and James E. Brown, a veteran auditor of governments and government organizations, have been appoin

Thomson Reuters Enters Canadian Tax and Accounting Software Industry With Acquisition of Dr Tax Software Inc.
Thomson Reuters Enters Canadian Tax and Accounting Software Industry With Acquisition of Dr Tax Software Inc.