News
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Corrupt accountant handed 14-year term
AOMORI – An accountant was sentenced Thursday to 14 years in prison for embezzling 1.45 billion yen from an Aomori…
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Former KPMG Consulting lays off 4% of staff
BearingPoint, the IT services company formerly known as KPMG Consulting, is significantly paring down its staff in Germany, Austria and…
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Experts: Fraud, Ethics Top List of Profession’s Concerns
New York (Dec. 14, 2002) — With the nation’s auditors under the microscope of both public and regulatory scrutiny, a…
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KPMG sued by Missouri agency for role in collapse of insurer – report
KPMG LLP has been sued by the Missouri Department of Insurance for allegedly contributing to the 1999 collapse of General…
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SEC Enforcement Chief in USA Urges Action Against Auditors' Firms
WASHINGTON — The Securities and Exchange Commission in the US, while continuing to prosecute individual auditors who abet corporate fraud,…
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Raytheon CFO Resigns Over Fair Disclosure Flap
New York (Dec. 12, 2002) – Defense contractor Raytheon’s chief financial officer Frank Caine resigned Wednesday after being sanctioned for…
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ICMAP – Notifiction regarding schedule of classes
The Institute of Cost and Management Accountants of Pakistan has released this notification regarding commencement of classes: “Students are hereby…
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Blast on Sui gas line causes heavy damage
KARACHI (December 11 2002) : A suspected bomb blast early on Thursday morning ruptured the Sui Southern Gas Company's 20-inch…
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Water and Power Development Authority plans Rs 7 billion bond issue in January
KARACHI (December 11 2002) : The Water & Power Development Authority (Wapda) plans to float Rs 7 billion bonds next…
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Duty drawback on towels enhanced
ISLAMABAD (December 11 2002) : Giving relief to the manufacturer-cum-exporters of towels, the government has enhanced duty drawback rates on…
