Practice
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Accounting practices of UK software companies problematic
Ernst & Young recently published a report which criticises the poor accounting practices amongst UK software firms. The report asserts…
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IASC Foundation and XBRL Primary Financial Statements (PFS) Taxonomy Release
The International Accounting Standards Committee Foundation and XBRL International (xbrl.org) have developed a comprehensive eXtensible Business Reporting Language (XBRL) taxonomy…
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PwC in UK changes audit wording to lower liability
LONDON, Dec 5 (Reuters) – PricewaterhouseCoopers on Thursday said it had changed wording on its audits to limit the reliance…
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Harvard Professor: Audit Fraud Not the Real Problem
Cambridge, Mass. (Dec. 4, 2002) – Although requiring audit firms to check each other’s work might prove useful in reducing…
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KPMG Reports 3.9 Percent Growth
New York (Dec. 3, 2002) – KPMG International’s revenue rose just 3.9 percent to $10.7 billion over the past year,…
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KPMG prays for more merger work
KPMG admitted yesterday that it will struggle to maintain revenues over the coming year unless merger activity picks up in…
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Accounting Firms Report Slower Revenue Growth
The accounting industry experienced its slowest growth in a decade, according to the latest revenue figures from the Big Four…
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Discipline in public for accountants
Discipinary hearings against accountants will be heard in public if recommendations today by the profession's regulatory body are adopted. Foundation…
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AICPA in US urges SEC to broaden auditor proposal
NEW YORK, Nov 26 (Reuters) – The accounting industry's main trade and lobby group on Tuesday urged the Securities and…
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FASB Issues Guidance on Guarantees
Norwalk, Conn. (Nov. 27, 2002) – In an effort to more accurately portray the risk companies have assumed, the Financial…
