Accounting Profession News
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Suit against E&Y ruled to be without merit
A three-judge panel in Chicago, USA has ruled that a $2 billion federal lawsuit against Ernst & Young in connection…
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US accounting rules blamed for software slump
Chief financial officers rushing to comply with Sarbanes-Oxley accounting rules in the US may have little time to sign off…
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GAAP reporting language formalized for Canada
Canadian accounting firms, consultants and software vendors have worked out a set of local terms to help speed adoption of…
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PWC: Net will power global media growth
The internet and new technologies are set to power growth in the global entertainment and media industry, according to a…
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FASB Mulling a Delay of Option-Rules Implementation
The Financial Accounting Standard Board in the US is considering changing the implementation date for it stock-option rules, after feedback…
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PWC resign as auditors of Atlantic Dawn
PricewaterhouseCoopers, the auditors of the company behind Atlantic Dawn, one of Europe's largest fishing vessels, have resigned, saying that proper…
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IASB Publishes Discussion Paper on Standards for SMEs
The International Accounting Standards Board (IASB) has published a Discussion Paper on its proposal to develop a separate set of…
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IFRIC publishes proposed guidance on members’ shares in co-operative entities
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment a draft Interpretation D8 Members’ Shares in Co-operative…
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IFRIC publishes proposed amendment to the scope of SIC-12
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment Draft Amendment D7 proposing an amendment to the…
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Deloitte Taps Rohr as CFO
Deloitte Touche Tohmatsu, the global professional services organization, announced that Jeffrey P. Rohr has been named chief financial officer of…
