Practice
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Accounting rule targets goodwill
Companies that got caught up in the takeover frenzy at the end of the bull market could be about to…
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FASB Adopts New Rules on Assets, Liabilities
Accounting guidelines that may force U.S. companies to move billions of dollars in assets and debt onto their balance sheets…
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Big Four slam SEC rules on audit record-keeping: Firms warn regulations may imperil auditor's role
The independent auditor’s role as a corporate “devil’s advocate” could be severely undermined by proposed new Securities and Exchange Commission…
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KPMG trims chief's pay packet
Mike Rake, the chairman of KPMG, is likely to be forced to take a pay cut for last year after…
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Study: Tax Work Doesn?t Compromise Auditor Objectivity
It’s a done deal now, but those who question whether the Securities and Exchange Commission should have permitted accountants to…
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AICPA Plans 'Council Effectiveness' Task Force
The American Institute of CPAs announced Friday that it’s forming a task force to gauge the effectiveness of its Council.…
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Telecom magnate slaps KPMG with tax shelter suit
A regional telecommunications magnate is suing KPMG for allegedly convincing him to adopt an illegal tax avoidance strategy, making the…
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Accountant, father charged by SEC for insider trading
Federal prosecutors charged a Sepracor Inc. accountant and his father yesterday with engaging in illegal insider trading that netted $55,000.…
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Stock market exec attacks Europe on accounting standards
The vice chairman of Nasdaq Stock Market Inc., in a letter opposing stock option expensing, charged that European support of…
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NASD Launches International Accounting Standards Symposium
Washington (Jan. 28, 2003)– Transparency and efficiency in capital markets are the key topics for “Global Adoption of International Accounting…
