Accounting Profession News
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Accountants questioned for questioning accounting
Here's something you haven't heard much of: accountants getting fired for just doing their job. That's right, getting shown the…
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PwC India Sells Off Banking BPO Business To iSmart
PricewaterhouseCoopers (PwC) India, the audit and business advisory firm, has sold its banking business process outsourcing (BPO) business following PwC…
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Costly u-turn for Deloitte Consulting
Accounting giant Deloitte is folding its consulting arm back into the main firm after spending US$20 million rebranding it as…
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Small Accounting Firms Exit Auditing
Hundreds of small accounting firms in the USA are struggling under tough new auditing rules adopted after a string of…
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Intuit Introduces CRM for Accountants
Accounting software maker Intuit has launched two new customer relationship management (CRM) products designed for accountants and small businesses. In…
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Polaroid Shareholders Sue KPMG
Shareholders of the former Polaroid Corp. on Tuesday sued KPMG LLP, the company's former accountants, alleging the firm violated accounting…
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KPMG Faulted on Handling of Polaroid Financial Reports
A federal bankruptcy examiner in USA has criticized KPMG for not being vigilant enough in forcing Polaroid to report bad…
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They Fired Two Auditing Firms. Who Wants to Be No. 3?
Help Wanted: Auditing Firm. Must be willing to work cheap and go along with accounting policies that the previous auditors…
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SEC settles case with PwC
More than three years after MicroStrategy Inc. disclosed that its reported profits were an accounting mirage, an announcement that was…
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Big Four may have too much power: US Governement
The Big Four are moving to a position of unchallenged market dominance. This is the view of the General Accounting…
