Practice
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KPMG Faulted on Handling of Polaroid Financial Reports
A federal bankruptcy examiner in USA has criticized KPMG for not being vigilant enough in forcing Polaroid to report bad…
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They Fired Two Auditing Firms. Who Wants to Be No. 3?
Help Wanted: Auditing Firm. Must be willing to work cheap and go along with accounting policies that the previous auditors…
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SEC settles case with PwC
More than three years after MicroStrategy Inc. disclosed that its reported profits were an accounting mirage, an announcement that was…
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Big Four may have too much power: US Governement
The Big Four are moving to a position of unchallenged market dominance. This is the view of the General Accounting…
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Accountants 'in fear of new software': Survey
Two thirds of accountants struggle to learn new software packages, according to a new survey. And more than one third…
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XBRL added to most new accounting software
Two thirds of all accounting software vendors have either already enabled at least one of their accounting software packages or…
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Accountants 'at a crossroads': CIMA Ex-president
Accountants in business are running a serious risk of becoming little more than bookkeepers, according to a top management accountant.…
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PwC's controversial partner suspended
U.S. regulators on Monday said they barred the Pricewaterhouse Coopers partner, who led the audit of MicroStrategy Inc., the once…
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Auditors Recipe For Clean Reporting
With scandals sweeping the profession into uncertain terrain, effective corporate code of ethics, integrity — both individual and institutional —…
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WorldCom Wins Approval for $750 Million Settlement
Bankrupt WorldCom Inc. closed a chapter in its historic fall from grace by winning approval from a bankruptcy judge to…
