Practice
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'Scoundrel' accountant jailed
A judge in U.K. has labelled an accountant a “scoundrel” and “thoroughly dishonest” as he jailed him for stealing more…
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South Asian accountants concerned at life after WTO
“To achieve our objectives, the accountancy profession must get closer to the corridors of power”, said Jamaluddin Ahmed, past president…
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Accountants urged to restore confidence
Head of an accounting firm, S Masoud Ali Naqvi said the accounting profession needs to restore confidence in the integrity…
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Accounting rulemakers tighten rules on derivatives
U.S. accounting rulemakers on Wednesday tightened existing rules on derivatives in an effort to help investors clearly identify when companies…
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Accounting Standards Copyrighted in US
An accounting industry association in the US met this week with the new federal oversight board to discuss whether the…
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Ernst & Young launches financial statements guide
Public accounting firm Ernst & Young has launched a guidebook in Malaysia to assist companies and organisations in their preparation…
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Accenture-AT&T Forge $500M Outsourcing Pact
Consulting conglomerate Accenture Ltd., sealed a five-year, $500 million contract with communications concern AT&T to oversee the carrier’s residential credit…
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Bank sues KPMG over Finance Credit scandal
A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of collection…
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Ex-Andersen Chief Berardino Sets up New Shop
Joe Berardino, former chief executive of the now-collapsed Big Five firm Andersen, has opened up Berardino & Associates LLC –…
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IFAC's IAASB Releases New Practice Statement and Invites Comments on Exposure Drafts
IFAC's International Auditing and Assurance Standards Board Releases New Practice Statement and Invites Comments on Exposure Drafts At its most…
