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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SEC bans bullying of corporate auditors
The U.S. Securities and Exchange Commission on Thursday unanimously voted to ban corporate managers from exercising improper influence over auditors…
