Accounting Profession News
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Accounting Standards Copyrighted in US
An accounting industry association in the US met this week with the new federal oversight board to discuss whether the…
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Ernst & Young launches financial statements guide
Public accounting firm Ernst & Young has launched a guidebook in Malaysia to assist companies and organisations in their preparation…
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Accenture-AT&T Forge $500M Outsourcing Pact
Consulting conglomerate Accenture Ltd., sealed a five-year, $500 million contract with communications concern AT&T to oversee the carrier’s residential credit…
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Bank sues KPMG over Finance Credit scandal
A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of collection…
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Ex-Andersen Chief Berardino Sets up New Shop
Joe Berardino, former chief executive of the now-collapsed Big Five firm Andersen, has opened up Berardino & Associates LLC –…
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SEC bans bullying of corporate auditors
The U.S. Securities and Exchange Commission on Thursday unanimously voted to ban corporate managers from exercising improper influence over auditors…
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SEC suspends 2 E&Y partners for Cendant audits
U.S. securities regulators said on Thursday that they have suspended two Ernst & Young partners . The Securities and Exchange…
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IFAC's IAASB Releases New Practice Statement and Invites Comments on Exposure Drafts
IFAC's International Auditing and Assurance Standards Board Releases New Practice Statement and Invites Comments on Exposure Drafts At its most…
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Deloitte Study Finds $356 Billion Outsourcing Trend; India to Benefit Most
In a comprehensive survey of their moves offshore, the world's 100 largest financial-services companies indicate they expect to transfer an…
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PwC accused of 'negligent conduct' in $2.5bn lawsuit
The accountancy firm PricewaterhouseCoopers is facing a $2.5bn (£1.7bn) lawsuit that accuses it of “negligent, fraudulent and tortious conduct”. Amerco…
