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Accounting News 10/2014 (Page 3)



Securities Enforcement Forum 2014 — Financial Reporting and Accounting Fraud
Today I'm blogging from Securities Enforcement Forum 2014, Bruce Carton's excellent one-day conference, this year being held at the Four Seasons hotel in Washington, D.C. The posts will be fairly raw, and certainly not verbatim accounts of what is ...

Suppliers brand Tesco 'leaderless' as accounting scandal rumbles on
There appears to be a change in accounting policy and it was there that there was a monumental internal governance failure.” The uncertainty at the supermarket continued to put pressure on the chairman, Sir Richard Broadbent, especially as Tesco shares ...

Harris County Seeks Accounting for Decades of Pollution
The San Jacinto River Waste Pits, an EPA Superfund site that is contaminated with dioxins, is located on Interstate 10 east of Houston. Laced with the poisons of many years of industrial activity, waterways around Houston are considered toxic enough ...

Tesco branded 'leaderless' by suppliers following accounting scandal
There appears to be a change in accounting policy and it was there that there was a monumental internal governance failure.” The uncertainty at the supermarket continued to put pressure on the chairman, Sir Richard Broadbent, especially as Tesco shares ...

Madoff Link Doesn't Cap Damages In Suit Vs. Accounting Firm
Law360, New York (October 16, 2014, 2:21 PM ET) -- A Nassau County trial judge was correct in refusing to limit damages as a matter of law in an accounting negligence case claiming Margolin Winer & Evens LLP failed to inform fund investors that it had ...

State auditors report accounting problems in Lorain audit
That in turn caused another significant deficiency because court staff could not reconcile money in seven bank accounts from October to December 2013, according to the audit. In her official response, Clerk of Court Lori Maiorana said court staff are ...

Accounting firm changes its name
The firm, founded in November 1949, is one of the largest certified public accounting and business consulting firms in the Triad. It has 60 professionals, 10 partners, an office in Greensboro and Sanford, and offers wealth management services through ...

Accounting for Taste
The age-old saying touts, “There's no accounting for taste.” Never has that been truer. Or wait a minute … is it? “I really like how JAMF handled things by asking for a proposal and signing off on it. This way the pressure's off and I feel like I can ...

Carl Byers '93 Presents on Financial Language, Accounting Literacy
The Patricelli Center for Social Entrepreneurship (PCSE) hosted an event for students that addressed how to navigate accounting terminology on Tuesday, Oct. 14. The lecture, called, “Speaking the Language: What You Need to Know About Finance and ...

Personalities of Pittsburgh: Why Deloitte's Shiry is accountable
Dmitri Shiry, managing partner of Deloitte LLP's Pittsburgh office, was profiled by the Business Times as part of its Personalities of Pittsburgh series. Here's more from the interview as Shiry talks about accounting, teaching, his dual perspective as ...

UPDATE 1-Euro zone avoids stagnation in Q2 under new accounting method ...
UPDATE 1-Euro zone avoids stagnation in Q2 under new accounting method ...

Euro zone avoids stagnation in second quarter under new accounting method ...
Euro zone avoids stagnation in second quarter under new accounting method ...

SEC Ends Keurig Investigation With No Enforcement Action
Green Mountain Coffee single-serve coffee capsules. Keurig Green Mountain said the SEC is closing its four-year investigation into the coffee company's accounting practices with no enforcement action. Bloomberg. Keurig Green Mountain Inc. GMCR -0.52% ...

Keurig Green Mountain Shares Up Following Closing Of Accounting Inquiry
The company announced that it has received notification from SEC that it is closing the previously disclosed four-year inquiry into accounting and disclosure matters at the company and would not be recommending any enforcement action against the ...

Tesco boss says to show impact of accounting error next week-email
LONDON Oct 17 (Reuters) - The new boss of Tesco has told staff he expects to be able to give a "clear and accurate indication" of the impact of a 250 million pound ($402.18 million) accounting mistake when the grocer reports delayed first-half results ...

Accounting for Klay Thompson choosing a contract extension over new-TV-deal ...
Accounting for Klay Thompson choosing a contract extension over new-TV-deal ...

Bonadio Group buys Orchard Park accounting firm
The Bonadio Group has acquired an Orchard Park accounting firm, Bevilacqua & Co. The acquisition, which will take effect on Nov. 1, will add seven employees to Bonadio's 135-person work force in Western New York. Bevilacqua & Co.'s co-founders, John ...

4 Ways Providing Valuations Can Help Your Accounting Practice
Valuation services is one area that holds tremendous opportunity for accountants as baby boomers retire and try to sell or pass on to relatives their businesses or other assets. Providing business valuations is a type 2 service, or a higher-level ...

The public is still owed an accounting on John Deasy's iPad emails
Will the public eventually find out the truth regarding the question-raising emails between John Deasy and the two companies that won the contract to provide iPads to students in the Los Angeles Unified School District? The terms of the separation ...

Tesco Boss Dave Lewis to Provide Impact of Accounting Error Next Week
Tesco's new boss Dave Lewis has told staff that he expects to provide a "clear and accurate indication" of the impact of the firm's £250m accounting error when the grocer reports delayed first-half results on 23 October. Lewis, who has been at the helm ...

Tesco accounting black hole to be less than originally stated - Sky
It said in September that an accounting mistake had over-valued first-half profits by 250 million pounds. The firm is expected to update the market on Thursday into the progress of its own investigation into the error being conducted by auditors ...

Tesco Accounting Black Hole To Be Less Than Originally Stated: Sky
LONDON (Reuters) - The world's third largest retailer, Tesco, will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unnamed banking source. Sky ...

Tesco accounting black hole to be less than originally stated: Sky
It said in September that an accounting mistake had over-valued first-half profits by 250 million pounds. The firm is expected to update the market on Thursday into the progress of its own investigation into the error being conducted by auditors ...

Tesco accounting probe finds 'inappropriate behavior' by staff: reports
The company said the first details about the investigation, which it commissioned after the accounting error was discovered, would be released as planned on Thursday, when it reports its half-year results. The Sunday Times and The Sunday Telegraph both ...

Accounting Probe Of The World's Second Largest Retailer Finds 'Inappropriate ...
Accounting Probe Of The World's Second Largest Retailer Finds 'Inappropriate ...

E-ffikacy, a New STP E-Accounting Application from Scyllogis Consulting ...
E-ffikacy, a New STP E-Accounting Application from Scyllogis Consulting ...

Tesco Accounting Probe Finds 'Inappropriate Behaviour' By Staff: Reports
The company said the first details about the investigation, which it commissioned after the accounting error was discovered, would be released as planned on Thursday, when it reports its half-year results. The Sunday Times and The Sunday Telegraph both ...

PCTEL Settles Lawsuit with Accounting Firm
PCTEL Settles Lawsuit with Accounting Firm PCTEL, Inc. (NASDAQ:PCTI), a leader in Performance Critical Telecom solutions announced today that it settled its lawsuit against the accounting firm that provided audited financial statements for TelWorx ...

5 Ways Your Accounting Firm Can Win More RFPs
It's that time of year when everyone is out shopping accounting services. While most of us would like all new business opportunities to be referrals where we're the only person or firm competing for the business, the reality is that happen as much as ...

AICPA Offers New Tools to Help Accounting Firms Enhance Diversity
The Accounting Inclusion Maturity Model helps firms evaluate their current diversity and inclusion efforts through a thorough online assessment. The Maturity Model consists of more than 100 questions across four key areas of business: workforce ...

Newly formed Veritiv adds to executive ranks with new chief accounting officer
Newly formed distribution giant Veritiv Corp. has added to its executive ranks, naming a new chief accounting officer. Veritiv (NYSE: VRTV) reported it's hired William Forrest Bell as chief accounting officer, effective immediately. Prior to joining ...

Audit: Leadership problems threaten new POW/MIA accounting command
The DOD inspector general found that the issues have damaged morale in the MIA/POW accounting community for years and caused dysfunction that could spill over when a newly created command takes over in January. The audit is the IG's final ...

Art of Accounting: Growing with a Client
Next came an audit of their employee benefit plan, then some pricing consulting, and a flow of continuous phone calls with tax and accounting questions and eventually an audit of their company. Then they were going to merge with another firm of the ...

Accounting Group Pushes Back Against Retirement Age Scrutiny
The accounting industry's main trade group on Monday pushed back against federal regulators who are again scrutinizing big accounting firms' policies of requiring mandatory retirement ages for their partners. The rebuke comes after the Equal Employment ...

BRIEF-Goldbach Group switches accounting practice from IFRS to Swiss GAAP ...
BRIEF-Goldbach Group switches accounting practice from IFRS to Swiss GAAP ...

Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite
Kirkland-based Acumatica — led by former Microsoft corporate vice president Jon Roskill — today is announcing the new capital from Australia accounting software company MYOB, Runa Capital, Almaz Capital, and Oslo-based Visma, a long-time partner of ...

The 30 Most Affordable Online Accounting Degree Programs
Accounting Degree Review, a website about accounting degrees and related topics, has released its 2014-2015 ranking of the 30 most affordable online accounting bachelor's degrees. Western Governors University's online program led the way with an ...

Cartridge World Chooses Armanino and Intacct Cloud Accounting to ...
Cartridge World Chooses Armanino and Intacct Cloud Accounting to ...

Donnelly asks Treasury secretary to keep LIFO accounting
Joe Donnelly, D-Ind., and Mike Enzi, R-Wyo., led a bipartisan group of 14 senators Tuesday in sending a letter to U.S. Department of the Treasury Secretary Jack Lew expressing concern with recent proposals that would repeal the accounting method of ...

Sustainability Accounting Group Taps Former FASB Chairman
Robert Herz, the former chairman of the U.S. Financial Accounting Standards Board, will join the board of the nonprofit Sustainability Accounting Standards Board, which is working to write industry standards for corporate sustainability and ...

Accounting Principles Lists the Top Jobs Trending Upward
Curious as to what the fastest-growing accounting and finance jobs might be for the next several years? According to the new 2015 Salary Guide from staffing firm Accounting Principles, some of those jobs include bookkeeping clerk, accountant, and ...

University High in $1 million debt due to accounting error
Due to an accounting error that charged salaries to a closed account for several years, the University Laboratory High School has accumulated nearly $1 million of debt. Jeff Walkington, director of the high school, said they are still not sure how the ...

Why More Accounting Firms Are Creating Family Offices
The number of family offices affiliated with accounting firms is multiplying. More telling is that the pace at which new family office practices are being created by both domestic and international firms has increased over the last few years and shows ...

Tesco's results set to reveal extent of accounting scandal
Analysts and investors believe the discovery of the accounting black hole will likely push back any new strategy from Lewis, meaning the focus of his first presentation will be on the impact on full-year forecasts from the mis-statement, the ...

Global Management Accounting Principles seek to guide better benchmarking ...
Global Management Accounting Principles seek to guide better benchmarking ...

Overspending and under-accounting at the Columbia treatment plant: Editorial ... - The Oregonian
Overspending and under-accounting at the Columbia treatment plant: Editorial ...

Former Bridgeport Township Accounting Supervisor arrested on embezzlement ...
Former Bridgeport Township Accounting Supervisor arrested on embezzlement ...

Two Clarksville accounting firms combine
CLARKSVILLE, Tenn. – The bookkeeping and income tax firm, Weakley Business Services, Inc., has announced its upcoming merger with Stone, Rudolph & Henry, PLC, Certified Public Accountants, a Clarksville-based firm. Effective Nov. 1 the combined firm ...

Former Bridgeport Township accounting supervisor charged with embezzling at ...
Former Bridgeport Township accounting supervisor charged with embezzling at ...

Reimagined QuickBooks Online Accountant Helps Accounting Professionals ...
Reimagined QuickBooks Online Accountant Helps Accounting Professionals ...