Practice
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New business reporting model beginning to emerge-timeliness, reliability, transparency to improve
For nearly a decade, the AICPA has advocated a modernized financial reporting process that provides more and better information from…
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AICPA increases emphasis on industry-specific accounting guidance
Last month's public statement by the Financial Accounting Standards Board announcing plans to streamline the accounting rulemaking process is consistent…
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Nonaudit services on the decline
Following the recent series of corporate accounting scandals in the United States, audit firms are performing less nonaudit work for…
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Accountants may pull out of audits
The big four accountancy firms may be forced to pull out of auditing in the next 12 months because of…
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Panel in India rules out compulsory rotation of auditors
While giving thrust on increased role of independent directors in listed companies and a clearcut definition of independent directors, the…
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Ex-Andersen Partner Charged With Fraud
Former Arthur Andersen partner Robert A. Putnam was charged by the U.S. with securities fraud for approving false financial reports…
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Post-Enron accounting firms thrive despite reforms
NEW YORK, Dec 23 (Reuters) – With the Enron-Andersen scandal looming over the accounting industry like a malignant growth at…
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Accountant Admits to Role in Scheme
An accountant from Tennessee in the US accused of helping defraud insurance companies in five states of more than $200…
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Ernst & Young, law firms sued 1 billion dollars over tax shelters
NEW YORK, Dec 22 (Reuters) – Former clients have sued accounting firm Ernst & Young and two law firms for…
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KPMG partner pain as profits slump by 21%
KPMG's profits from UK accounting activities fell by 21% last year according to figures released this week by the Big…
