Accounting Profession News
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AICPA Issues Exposure Draft on Internal Control Reporting
The Auditing Standards Board of the American Institute of Certified Public Accountants today announced its first step to implement a…
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Accounting firm head calls for expansion of auditors' responsibilities
Auditors should take more responsibility for what goes into a company's annual report in order to restore investors' confidence in…
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Investors bombard FASB with mail over options
Until recently, few small investors knew much about — let alone spent time writing to — the group that sets…
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KPMG employees in South African court on fraud charges
Two employees of auditing firm KPMG appeared in the Durban Magistrate's Court on charges of fraud totalling R18-million.
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Health workers more likey to get work visas for Australia than accountants
Accountants and IT managers are no longer in demand but occupational therapists will be given a headstart if they apply…
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XBRL-based reports are coming soon to a bank near you
A steering committee has been formed to promote XBRL, a new standared computer language. The group includes such financial, software…
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FASB adds stock options to rule-making agenda
U.S. accounting rulemakers on Wednesday agreed to add the subject of stock options to their agenda, a move that could…
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Dubai auditors elect representative committee
Members of the Professional Auditors Business Group, a Dubai-based business group formed last month, elected their representative committee at Dubai…
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KPMG Agree to Settle Lawsuit
KPMG, the accounting firm, said yesterday that it had agreed to pay $200 million to settle lawsuits stemming from its…
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Ahold problems mount as Deloitte Touche disavows early audits
Royal Ahold, the Dutch company that has sent shockwaves across a European establishment that had predicted that 'Enron couldn't happen…
