Practice
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Ernst & Young reverses stock options accounting opinion
Accounting firm Ernst & Young has reversed its opinion on how companies should account for stock options, saying financial statements…
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KPMG Legal seeks name all its own
KPMG Legal is dumping its name amid fears that it is not seen as independent from affiliate accountancy firm KPMG.…
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Deloitte names William Parrett global CEO
Deloitte Touche Tohmatsu, the world's No. 2 accounting firm, said on Saturday its board of directors named William Parrett, from…
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Probe targets Hub office of Tyco auditor
New York investigators are focusing on the Boston offices of PricewaterhouseCoopers LLC to try to determine which auditors knew about…
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Accounting firm involved in criminal case
SHANGHAI, CHINA: A local accounting firm is being accused of fabricating verification reports on its customers' registered capital, in a…
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Deloitte sees $350 billion outsourcing investments in India
Global financial institutions will pump in $350 billion in the next five years in India for offshore business. Of this,…
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E&Y successfully blocks Equitable negligence claim
Ernst & Young, the former auditor to Equitable Life, have succeeded in blocking the major part of a £2.6 billion…
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Tax scandal worrying Ernst & Young staffers
Now it's Ernst & Young's turn in the hot seat – and it could get ugly. Accounting industry experts say…
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AICPA Downsizing Across the Board
Feeling both the economic pinch and the squeeze of Sarbanes-Oxley, the American Institute of CPAs confirmed Monday that it has…
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Auditors in Korea to be Fined for False Disclosure
External audit firms are to be fined in South Korea if market-listed companies they audit are found to have made…
