Accounting Profession News
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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…
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KPMG talks of implementing IAS globally
KPMG, one of the world's largest accounting firms, plans to enhance efforts to have countries adopt by 2005 a set…
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The last gasp at Andersen
Arthur Andersen, the auditor, had by the fall of 1940 made enough of a mark on the accounting profession that…
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Unilever keeps faith with PwC despite higher charges
Unilever, the consumer goods giant, has reappointed PricewaterhouseCoopers as its auditor despite the accounting firm's decision to raise its fees.…
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Auditors crack whip, preach tough love post-Enron
NEW YORK, Dec 30 (Reuters) – Accounting firms, after months of criticism that they were too cozy with their audit…
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Auditor's insurance fees skyrocket
Insurers are raising the fees they charge accounting firms because of heightened concern over recent balance-sheet scandals and some insurers…
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New business reporting model beginning to emerge-timeliness, reliability, transparency to improve
For nearly a decade, the AICPA has advocated a modernized financial reporting process that provides more and better information from…
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AICPA increases emphasis on industry-specific accounting guidance
Last month's public statement by the Financial Accounting Standards Board announcing plans to streamline the accounting rulemaking process is consistent…
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Nonaudit services on the decline
Following the recent series of corporate accounting scandals in the United States, audit firms are performing less nonaudit work for…
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Accountants may pull out of audits
The big four accountancy firms may be forced to pull out of auditing in the next 12 months because of…
