Accounting Profession News
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KPMG: Male Finance Execs Fit the 'Profile of a Fraudster'
Long-serving, male executives are most likely to commit company fraud, according to a new study by KPMG Forensic. In addition,…
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New IFAC Standard Requires Accountants To Maintain Competence Through Ongoing Education
The International Federation of Accountants (IFAC) has issued a new International Education Standard (IES) calling on every professional accountant to…
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6-Month Bar Against Ernst & Young Begins
A six-month bar against Ernst & Young from accepting new corporate audit clients began Monday, the Securities and Exchange Commission…
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Ernst & Young offers 24 hours, 7 days online business advisory services to Middle East businesses
Ernst & Young, the Middle East's largest professional services firm, has recently launched their on-line web-based business advisory service, www.eyonline.com.…
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Europe Lags in Corporate Governance Efforts
Boards of directors of large multinational companies based in Europe have lagged their U.S. counterparts in increasing the time and…
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Accountant Pleads in $45 Million Scam
A accountant in US pleaded guilty Monday to two federal charges resulting from an alleged scheme in which an investment…
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IASB moves towards US GAAP on Asset Disposals and Discontinued Operations
The International Accounting Standards Board (IASB) has issued requirements relating to asset disposals and discontinued operations. The requirements, which are…
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New IFAC Guidance Addresses Anti-Money Laundering and the Role of the Professional Accountant
Governments, regulators and the global business community are increasingly calling on accounting practitioners to contribute to the battle against money…
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FASB announces options expensing rule
Renewing one of the most politically controversial battles in financial history, accounting rule-makers in the US have announced a formal…
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IASB Issues Standards on Business Combinations, Goodwill and Intangible Assets
The International Accounting Standards Board (IASB) has issued International Financial Reporting Standard 3 Business Combinations (IFRS 3), and revised Standards…
