Accounting Profession News
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XBRL added to most new accounting software
Two thirds of all accounting software vendors have either already enabled at least one of their accounting software packages or…
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Accountants 'at a crossroads': CIMA Ex-president
Accountants in business are running a serious risk of becoming little more than bookkeepers, according to a top management accountant.…
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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…
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PwC's controversial partner suspended
U.S. regulators on Monday said they barred the Pricewaterhouse Coopers partner, who led the audit of MicroStrategy Inc., the once…
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Auditors Recipe For Clean Reporting
With scandals sweeping the profession into uncertain terrain, effective corporate code of ethics, integrity — both individual and institutional —…
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WorldCom Wins Approval for $750 Million Settlement
Bankrupt WorldCom Inc. closed a chapter in its historic fall from grace by winning approval from a bankruptcy judge to…
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SBP inspectors and banks external auditors to share information
The State Bank has decided to develop co-ordination between external auditors of banks and SBP inspectors. A circular has been…
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Bank auditors to share findings with SBP
The State Bank of Pakistan (SBP) on Friday directed external auditors of all scheduled banks to share their audit findings…
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IFAC proposes member obligations for convergence of accounting standards
Seeking to clarify and strengthen its membership obligations and enhance the performance of accountants worldwide, the International Federation of Accountants…
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IFAC task force proposes more accountability for accountants
Accounting firms must improve their transparency and strengthen quality controls as part of efforts to restore confidence in financial reporting,…
