Accounting Profession News
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Auditors tell Bush to pay up poll dues
Washington, December 11: Federal Election Commission auditors recommended that President George W. Bush’s campaign repay the government more than $700,000…
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Microsoft Launches Small Biz Manager 7.0
Fargo, N.D. (Dec. 10, 2002)– Microsoft Business Solutions launched the latest edition of its small business accounting product Thursday, offering…
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Curse of the failed auditor
Revelations that Andersen was involved in drawing up Cable & Wireless’s tax planning strategy is likely to worry some investors.…
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PwC's audit disclaimer causes alarm
Accounting group PricewaterhouseCoopers is coming under fire from its peers for changing the wording of its standard audit report in…
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SEC Proposal in US Seeks to Redefine Accounting Firms
New York (Dec. 8, 2002) – A new Securities and Exchange Commission proposal to forbid accounting firms from selling tax…
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Accountancy shake-up puts goodwill in short supply
Accounting regulators are preparing to ban merger accounting, closing a loophole which has allowed companies to inflate earnings and protect…
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Accounting practices of UK software companies problematic
Ernst & Young recently published a report which criticises the poor accounting practices amongst UK software firms. The report asserts…
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IASC Foundation and XBRL Primary Financial Statements (PFS) Taxonomy Release
The International Accounting Standards Committee Foundation and XBRL International (xbrl.org) have developed a comprehensive eXtensible Business Reporting Language (XBRL) taxonomy…
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PwC in UK changes audit wording to lower liability
LONDON, Dec 5 (Reuters) – PricewaterhouseCoopers on Thursday said it had changed wording on its audits to limit the reliance…
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KPMG Reports 3.9 Percent Growth
New York (Dec. 3, 2002) – KPMG International’s revenue rose just 3.9 percent to $10.7 billion over the past year,…
