Practice
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Big Companies Rule Out Non-Big 4 Auditors
Most large U.S. companies won't even consider hiring an auditor from outside the ranks of the Big 4 accounting firms,…
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Former Ernst & Young partner arrested
A former partner with Ernst & Young was arrested yesterday and charged with obstructing a federal investigation of one of…
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Fired Coke Auditor Takes On Giant Corporation in Lawsuit
Matthew Whitley wanted to work for Coca-Cola Co. so much that he submitted his resume 15 times. After being hired,…
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Applix fires Ernst & Young as SEC probe continues
Applix Inc., a maker of business software, said on Monday it fired Ernst & Young as its independent accounting firm…
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ING Bank Sues JP Morgan, Deloitte
ING Bank contends it lost hundreds of millions of dollars as a result of a “massive Ponzi scheme” at now-defunct…
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IRS in US seeks Grant Thornton client data
The Internal Revenue Service (IRS) has asked a judge to force Chicago-based accounting firm Grant Thornton LLP to name clients…
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IFAC Proposes New Standard on Impairment of Public Sector Assets
The International Federation of Accountants has released a new exposure draft (ED) of an International Public Sector Accounting Standard (IPSAS)…
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Deloitte Tohmatsu, AF Ferguson Firm Up Blueprint For State-run Insurers in India
Consultants major Deloitte Tohmatsu and AF Ferguson who were appointed by the Life Insurance Corporation (LIC) and four state-owned general…
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KPMG, PwC, Ernst & Young sued for overbilling
PricewaterhouseCoopers LLP, KPMG LLP and Ernst & Young LLP are being sued for overbilling clients for travel expenses in a…
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Cost Accountants to determine cost of locally-made cars and tractors
ISLAMABAD (September 13 2003): Secretary Industries and Production, Javed Ashraf Hussain, on Friday said government has engaged Finance ministry's cost…
