Accounting Profession News
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Accounting firm involved in criminal case
SHANGHAI, CHINA: A local accounting firm is being accused of fabricating verification reports on its customers' registered capital, in a…
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E&Y successfully blocks Equitable negligence claim
Ernst & Young, the former auditor to Equitable Life, have succeeded in blocking the major part of a £2.6 billion…
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Tax scandal worrying Ernst & Young staffers
Now it's Ernst & Young's turn in the hot seat – and it could get ugly. Accounting industry experts say…
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AICPA Downsizing Across the Board
Feeling both the economic pinch and the squeeze of Sarbanes-Oxley, the American Institute of CPAs confirmed Monday that it has…
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Deloitte sees $350 billion outsourcing investments in India
Global financial institutions will pump in $350 billion in the next five years in India for offshore business. Of this,…
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Auditors in Korea to be Fined for False Disclosure
External audit firms are to be fined in South Korea if market-listed companies they audit are found to have made…
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D-day for Equitable in auditor fight
Troubled insurer Equitable Life is to learn if it can go ahead with a £2.6 billion legal claim against its…
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Auditors to win fight for limit on losses
Plans to cap the legal liabilities of big accounting firms when one of their audit clients goes bust are expected…
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Accounting firm PWC on Tyco hotseat
PricewaterhouseCoopers, the world's biggest accounting firm, knew about most of the transactions at Tyco that have been branded as crimes…
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Auditors in Dubai form new business group
More than 70 professional auditors working in Dubai, and their representatives, met at Dubai Chamber of Commerce and Industry on…
