Accounting Profession News
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New Publication Addresses Audit Issues Arising From the First-Time Adoption of IFRS
To help auditors address reporting issues arising from the first-time adoption of International Financial Reporting Standards (IFRSs), the staff of…
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Paper Clarifies Internal Auditing's SOX Role
The Institute of Internal Auditors (IIA) in the US has issued a position paper clarifying the role of the internal…
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Computer Crashes: Scarier Than the IRS?
While nine out of 10 Americans agree that technology has made their lives easier, they are more likely to fear…
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Former EC Accountant Wins Whistle-Blower Award
Marta Andreasen, the former chief accountant for the European Commission, has won this year’s Cliff Robertson Sentinel Award given by…
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Auditors oppose proposed ban on consulting
The concept paper on the companies act is creating a storm in audit circles. It has some very bold proposals,…
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Chartered accountants’ conference begins in India
The all-India continuing professional education (CPE) conference of the Institute of Chartered Accountants of India (ICAI) was inaugurated by the…
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Parmalat sues former auditors Deloitte and Grant Thornton for $10 Billion
Parmalat sued its former auditors, Deloitte & Touche and Grant Thornton, on Wednesday, claiming damages of at least $10 billion…
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BDO partner suspended for standards neglect
An auditor in an Australian chartered accountants firm has been suspended for twelve months after ignoring important audit standards, the…
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SEC May Delay Accounting Rules
The U.S. Securities and Exchange Commission may hold back on new accounting rules to give companies time to comply, an…
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ICAP office-bearers elected
KARACHI: Executive Director Institute of Chartered Accountants of Pakistan (ICAP) Aslam Dossa announced on Sunday the names of the office-bearers…
