Accounting Profession News
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E&Y Launches Financial Planning Tool for Employees
NEW YORK, Dec. 16, 2002 — In the wake of accounting scandals and angry investors who watched their portfolios plummet…
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Sentencing of Andersen Auditor Delayed
HOUSTON –– A federal judge has postponed the sentencing of Arthur Andersen LLP's former top Enron Corp. auditor for the…
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Survey: Internet Use for Financial Transactions Widespread
BETHESDA, Md., Dec. 14, 2002 — Nearly all treasury and finance professionals in a recent survey conducted by the Association…
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Corrupt accountant handed 14-year term
AOMORI – An accountant was sentenced Thursday to 14 years in prison for embezzling 1.45 billion yen from an Aomori…
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Former KPMG Consulting lays off 4% of staff
BearingPoint, the IT services company formerly known as KPMG Consulting, is significantly paring down its staff in Germany, Austria and…
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Experts: Fraud, Ethics Top List of Profession’s Concerns
New York (Dec. 14, 2002) — With the nation’s auditors under the microscope of both public and regulatory scrutiny, a…
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CA firms to follow SECP procedure for fee payment to sales tax special auditors
ISLAMABAD (December 14 2002) : The Central Board of Revenue (CBR) has directed the chartered accountant firms to strictly follow…
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KPMG sued by Missouri agency for role in collapse of insurer – report
KPMG LLP has been sued by the Missouri Department of Insurance for allegedly contributing to the 1999 collapse of General…
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SEC Enforcement Chief in USA Urges Action Against Auditors' Firms
WASHINGTON — The Securities and Exchange Commission in the US, while continuing to prosecute individual auditors who abet corporate fraud,…
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Raytheon CFO Resigns Over Fair Disclosure Flap
New York (Dec. 12, 2002) – Defense contractor Raytheon’s chief financial officer Frank Caine resigned Wednesday after being sanctioned for…
