Accounting Profession News
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Deloitte chief quits amid contorversy
Deloitte Touche Tohmatsu chief executive Domenic Martino has quit his post, amid controversy surrounding his previous involvement with the failed…
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Big Four Escape SEC Wrath
While the Securities and Exchange Commission has trumpeted its record 598 enforcement actions for 2002, a Washington Post investigation noted…
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Accounting firms offer to open their books to public scrutiny in UK
Accounting firms have for the first time offered to open their books to public scrutiny as part of a package…
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PwC Outlines Strategies for Internal Control Framework
PricewaterhouseCoopers has released to the public a white paper on how executive officers can meet new reporting requirements mandated by…
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Big accounting firms difficult target for SEC
WASHINGTON – The last fiscal year was a busy one for enforcement at the Securities and Exchange Commission. As departing…
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Reforms to exorcise auditing's dark side
Changes to the way audit committees are bodied are aimed to prevent an Enron-style scandal happening in the UK, says…
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Accountant gets jail time in fraud in the US
“Creative accounting” almost a half million dollars worth – on clients' tax returns has landed a Bronx tax preparer a…
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FASB Tightens Rules on Special Purpose Entities
The board that writes U.S. accounting rules issued new guidelines today aimed at preventing the kind of abuse of financing…
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Accounting Rules in USA Changed to Bar Tactics Used by Enron
The nation's accounting rule makers took steps yesterday intended to make it harder for companies to hide debts and assets…
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International Auditing and Assurance Standards Board Seeks Comments on Audit Risk Guidance
Contributing to the improvement of audit quality worldwide, the International Federation of Accountant's (IFAC) International Auditing and Assurance Standards Board…
