Practice
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New plan to improve quality of auditing in the offing
ISLAMABAD: A new plan of financial auditing and reporting has been prepared to improve the quality of audit and enhance…
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ICMAP announces results of elections for 13th National Council
The Institute of Cost and Management Accountants of Pakistan (ICMAP) have announced the results of the elections held for the…
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Changing the Definition of Cash Flow Helped Tyco
Tyco International told investors yesterday that they could not trust its previously reported sales and profits. It did not mention…
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Accounting firm loses first round in fight over tax shelter documents
WASHINGTON (AP) — Accounting firm KPMG LLP must disclose some of its private dealings with clients so that a judge…
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Pricewaterhouse Taking a Stand, and a Big Risk
PricewaterhouseCoopers, world's largest accounting firm, has taken a risky public stance in favor of better, more thorough and more detailed…
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KPMG talks of implementing IAS globally
KPMG, one of the world's largest accounting firms, plans to enhance efforts to have countries adopt by 2005 a set…
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The last gasp at Andersen
Arthur Andersen, the auditor, had by the fall of 1940 made enough of a mark on the accounting profession that…
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Unilever keeps faith with PwC despite higher charges
Unilever, the consumer goods giant, has reappointed PricewaterhouseCoopers as its auditor despite the accounting firm's decision to raise its fees.…
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Auditors crack whip, preach tough love post-Enron
NEW YORK, Dec 30 (Reuters) – Accounting firms, after months of criticism that they were too cozy with their audit…
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Auditor's insurance fees skyrocket
Insurers are raising the fees they charge accounting firms because of heightened concern over recent balance-sheet scandals and some insurers…
