Accounting Profession News
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XBRL Fellow Positions Established at FASB and IASCF
XBRL International, a consortium of more than 200 leading accounting, technology and financial services companies and government agencies, announced today…
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Telecom tops M&A deals in first half: PwC
Large cross-border transactions and consolidation have marked an upturn in mergers and acquisitions (M&As) in the technology sector globally during…
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Big accounting firms not too big to fail: US audit regulator
The top US audit regulator on Tuesday said he had privately warned the Big Four accounting firms against thinking they…
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Deloitte & Touche offers settlement
Deloitte & Touche has offered a $32 million settlement for a class action lawsuit filed in respect the the Manhattan…
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SEC Investigating Wachovia-KPMG Link
Wachovia Corp. has said that the Securities and Exchange Commission in USA has opened a formal investigation into the company's…
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FASB to Require Reporting on Investments
All U.S. companies with traditional retirement plans will have to start disclosing the investment strategies they use in the plans…
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Deloitte says couldn't detect Ahold irregularities
Deloitte & Touche defended itself on Wednesday from criticism it failed to detect profit overstatements at retailer Ahold, saying it…
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PricewaterhouseCoopers Quits Myanmar
PricewaterhouseCoopers has joined several other firms in pulling out of Myanmar, according to a British lobby organization, after international criticism…
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Revenue Rises at PricewaterhouseCoopers
PricewaterhouseCoopers on Tuesday posted a 6.5 percent rise in revenue for its fiscal year, helped by favorable currency exchange rates.…
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Probe: KPMG's tax plans netted $180M
Accounting giant KPMG collected an estimated $180 million in fees from just four strategies it aggressively marketed to wealthy taxpayers…
