Accounting News
Accountancy Profession News
Displaying items 571-585 from a total of 722 item(s).
U.S. accounting rules could hurt earnings and more
NEW YORK, Jan 27 (Reuters) - New rules designed to prevent Enron-esque shenanigans might force companies to shift billions in assets and debt onto their balance sheets in a move that, in some cases, could hurt earnings, accounting experts say.
Published on 1/28/2003
E & Y: "The worst is yet to come"
Accountancy giant Ernst & Young cast more gloom on the state of the economy yesterday as it said profit warnings in the final quarter of last year rose dramatically as customers held on to their cash.
Published on 1/28/2003
Listed Firms in Korea May Have to Rotate Accountants
Regulators are mulling over an accounting reform scheme that would require listed companies to change audit firms periodically.
Published on 1/27/2003
Top accountants forced to open books
Top accountants are being forced to open their own books - as well as checking those of others - in exchange for better protection against being sued.
Published on 1/27/2003
Ernst & Young selects RSA Security to help reduce costs and speed rollout of user access services
RSA Security, the most trusted name in e-security(r), and Ernst & Young Global, a leading professional services firm, has announced that Ernst & Young Global has consolidated and enhanced its worldwide user authentication infrastructure by deploying RSA ACE/Server(r) 5.0 Advanced software. The upgraded infrastructure is designed to make it faster, easier and more cost-effective for Ernst & Young to roll out vital, new network access services to its country practices and their 110,000 employees around the globe.
Published on 1/25/2003
UK accountants cheer SEC's view on auditors providing tax services
British accountants yesterday warmly welcomed the US Securities & Exchange Commission's decision to allow auditors to provide lucrative tax services to their clients.
Published on 1/25/2003
Former Andersen Chief: "Doing Nothing Is Not an Option"
Joseph Berardino, former chief executive of Andersen Worldwide, urged attendees at the Winning is Everything symposium here that the profession must collaborate to restore trust in the profession and outlined a series of strategies to help speed that process.
Published on 1/25/2003
SEC in US Allows Auditors As Tax Consultants
The Securities and Exchange Commission voted yesterday to back away from some tough restrictions on accounting firms it had considered in the wake of widespread corporate accounting scandals.
Published on 1/25/2003
Auditors pushed on watchdog roles
Launching a barrage of reforms targeting accounting scandals like those at Enron, WorldCom and Tyco, the Securities and Exchange Commission adopted rules Wednesday designed to force auditors to live up to their role as corporate watchdogs.
Published on 1/25/2003
New president of ICMAP
Mr. Sherafgan Malik has been elected as the president of Institute of Cost and Management Accountants of Pakistan (ICMAP). He is the 14th person to hold office of the president of ICMAP and is a senior fellow of the institute.
Published on 1/24/2003
KPMG faces audit charges
Accountancy giant KPMG LLP expects to face civil charges, which it vehemently denied, over audits of Xerox Corp. accounts.
Published on 1/22/2003
SEC limits auditor-client ties
In the wake of accounting scandals at Enron, WorldCom and Tyco, the Securities and Exchange Commission adopted rules Wednesday to define what services auditing firms will be allowed to provide to their clients.
Published on 1/22/2003
SEC modifies rule to keep accountants from working too long with a specific company
WASHINGTON (AP) -- Federal regulators, ordered by Congress to make accountants more independent from the companies they audit, have eased their earlier proposal in the face of opposition from the accounting industry and corporations.
Published on 1/22/2003
Top-level reshuffle at KPMG India
Gautam Dalal, the chairman and chief executive of KPMG India, is being replaced by a three-member team from February 1, 2003.
Published on 1/22/2003
Citigroup first in USA to report only GAAP earnings
NEW YORK, Jan 21 (Reuters) - Citigroup Inc. C.N on Tuesday became the first U.S. financial company to say it plans to report only income on a net basis, as U.S. companies have come under fire for giving misleading results that omit various charges.
Published on 1/22/2003
