Practice
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Experts: Fraud, Ethics Top List of Profession’s Concerns
New York (Dec. 14, 2002) — With the nation’s auditors under the microscope of both public and regulatory scrutiny, a…
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KPMG sued by Missouri agency for role in collapse of insurer – report
KPMG LLP has been sued by the Missouri Department of Insurance for allegedly contributing to the 1999 collapse of General…
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SEC Enforcement Chief in USA Urges Action Against Auditors' Firms
WASHINGTON — The Securities and Exchange Commission in the US, while continuing to prosecute individual auditors who abet corporate fraud,…
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Raytheon CFO Resigns Over Fair Disclosure Flap
New York (Dec. 12, 2002) – Defense contractor Raytheon’s chief financial officer Frank Caine resigned Wednesday after being sanctioned for…
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Auditors tell Bush to pay up poll dues
Washington, December 11: Federal Election Commission auditors recommended that President George W. Bush’s campaign repay the government more than $700,000…
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Microsoft Launches Small Biz Manager 7.0
Fargo, N.D. (Dec. 10, 2002)– Microsoft Business Solutions launched the latest edition of its small business accounting product Thursday, offering…
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Curse of the failed auditor
Revelations that Andersen was involved in drawing up Cable & Wireless’s tax planning strategy is likely to worry some investors.…
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PwC's audit disclaimer causes alarm
Accounting group PricewaterhouseCoopers is coming under fire from its peers for changing the wording of its standard audit report in…
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SEC Proposal in US Seeks to Redefine Accounting Firms
New York (Dec. 8, 2002) – A new Securities and Exchange Commission proposal to forbid accounting firms from selling tax…
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Accountancy shake-up puts goodwill in short supply
Accounting regulators are preparing to ban merger accounting, closing a loophole which has allowed companies to inflate earnings and protect…
