Accounting Profession News
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Study: Tax Work Doesn?t Compromise Auditor Objectivity
It’s a done deal now, but those who question whether the Securities and Exchange Commission should have permitted accountants to…
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AICPA Plans 'Council Effectiveness' Task Force
The American Institute of CPAs announced Friday that it’s forming a task force to gauge the effectiveness of its Council.…
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Telecom magnate slaps KPMG with tax shelter suit
A regional telecommunications magnate is suing KPMG for allegedly convincing him to adopt an illegal tax avoidance strategy, making the…
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Accountant, father charged by SEC for insider trading
Federal prosecutors charged a Sepracor Inc. accountant and his father yesterday with engaging in illegal insider trading that netted $55,000.…
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Stock market exec attacks Europe on accounting standards
The vice chairman of Nasdaq Stock Market Inc., in a letter opposing stock option expensing, charged that European support of…
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NASD Launches International Accounting Standards Symposium
Washington (Jan. 28, 2003)– Transparency and efficiency in capital markets are the key topics for “Global Adoption of International Accounting…
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New accounting standards for UK
LONDON – The British government introduced new accounting rules in a bid to shore up investor confidence in the wake…
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U.S. sues KPMG for fraud over Xerox accounting
The Securities and Exchange Commission yesterday filed a civil complaint against KPMG LLP and four current and former partners, saying…
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Amendment to bye-law 97 of Chartered Accountants Bye-Laws 1983
The Federal Government has approved the undermentioned amendments to bye-law 97 of Chartered Accountants Bye-Laws 1983. The date of effect…
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SEC's director calls KPMG 'reckless' in Xerox audit work
SAN DIEGO (Dow Jones/AP) — Accounting fraud remains a top priority for regulators and could spur lawsuits against accounting firms…
