Accounting Profession News
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IASB Issues Standard on Insurance Contracts
The International Accounting Standards Board (IASB) today issued International Financial Reporting Standard 4 Insurance Contracts (IFRS 4). The publication of…
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EU, US reach agreement on auditor oversight
The European Commission has said it has reached an agreement with the United States over the oversight of auditing firms,…
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Judge halts KPMG fees in WorldCom dispute-source
A U.S. bankruptcy court judge on Friday halted payments to WorldCom accountants KPMG after a coalition of states said the…
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Shell denies auditor refused to sign accounts
Royal Dutch/Shell on Sunday denied a newspaper report that its joint auditor KPMG had refused to sign off accounts due…
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Ernst & Young to host regional tax conference in Dubai
Ernst & Young, the Middle East's largest assurance and business advisory firm, will host a regional conference to address vital…
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Europe and U.S. Near Accord on Joint Audit Supervision
The European Commission signaled on Tuesday that it might settle a longstanding dispute with the United States next week that…
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Need to have effective capital management programme, says KPMG
Malaysian institutions must look towards gaining competitive advantage through implementing an effective economic capital management programme, said John Lee, the…
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Suit seeks to remove KPMG as WorldCom auditor
KPMG is being sued by 14 states in USA that want the firm disqualified from acting as WorldCom's accountant, auditor…
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ICAP issues circular regarding review of SAPs and SSAPs
The Institute of Chartered Accountants of Pakistan (ICAP) has issued the following circular regarding review of SAPs and SSAPs issued…
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Credit portfolio assessment: SBP issues guidelines for auditors
KARACHI (March 12 2004): The State Bank of Pakistan (SBP) on Thursday has issued guidelines to auditors for reviewing credit…
