Accounting Profession News
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Deloitte's Work for Ahold Raises Audit Questions
Deloitte and Touche may soon face more legal woes following the revelation by its client, Ahold NV, that its earnings…
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More Countries to “Converge” on Global Standards
Financial reporting standards are going global. Some 90 percent of 59 countries surveyed in research conducted by the six largest…
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AICPA/ACFE Team on Fraud Prevention & Detection Course
As part of the American Institute of CPAs’ crusade to combat fraud, the AICPA and the Association of Certified Fraud…
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Move to tighten accounting rules
The Accounting Standards Board (ASB) in Britain has tightened the rules on how companies record revenues in their accounts. The…
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New international standard for governments addresses financial reporting under cash basis
New guidance is now available to governments worldwide operating under the cash basis of accounting. The International Federation of Accountants…
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Accounting Firms Find Hurdles in GAAP Convergence
Research released earlier this month by the world's six largest accounting firms shows that over 90 percent of the 59…
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Deloitte to Settle Claims for $23 Million
Accounting firm Deloitte & Touche agreed to settle claims stemming from its audit of collapsed insurer Kentucky Central Life Insurance…
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Research Shows Progress Towards Global Accounting Language, but Hurdles Remain
While an overwhelming majority of countries intend to converge with International Financial Reporting Standards, hurdles to adopting the standards remain,…
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KPMG study suggests powerful gray market for computer and networking equipment
New York (Bluebull) – A recent study made by KPMG suggests that new computer and networking equipment worth USD 40…
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Agency to limit auditors' terms of service
The Financial Services Agency in Japan plans to revise the law governing certified public accountants so they will be unable…
