Accounting Profession News
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AICPA urges SEC to allow auditors to perform tax work
The accounting industry's main trade and lobby group in the US urged the Securities and Exchange Commission to allow accountants…
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Three Accounting Firms Named “Best Companies” by Fortune
Despite new challenges and rocky roads this past year, three accounting firms are recognized in Fortune magazine's “Best Companies to…
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KPMG Holds Industry Accountable
NEW YORK – Looking to restore some credibility to an industry tarnished by various scandals, accounting firm KPMG today launched…
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Andersen site home to new board
A new U.S. board set up to police corporate auditors after a wave of book-cooking scandals is opening headquarters in…
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Ernst & Young comes out fighting
Ernst & Young yesterday sought to forestall a £2.6bn legal battle with Equitable Life that could bankrupt the accountancy firm.…
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Indian FM asks chartered accountants to improve corporate governance
Indian finance minister Jaswant Singh has stressed upon the need to redefine the role of governance and regulators. He said…
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New plan to improve quality of auditing in the offing
ISLAMABAD: A new plan of financial auditing and reporting has been prepared to improve the quality of audit and enhance…
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ICMAP announces results of elections for 13th National Council
The Institute of Cost and Management Accountants of Pakistan (ICMAP) have announced the results of the elections held for the…
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Changing the Definition of Cash Flow Helped Tyco
Tyco International told investors yesterday that they could not trust its previously reported sales and profits. It did not mention…
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Accounting firm loses first round in fight over tax shelter documents
WASHINGTON (AP) — Accounting firm KPMG LLP must disclose some of its private dealings with clients so that a judge…
