Accounting Profession News
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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,…
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KPMG prays for more merger work
KPMG admitted yesterday that it will struggle to maintain revenues over the coming year unless merger activity picks up in…
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Accounting Firms Report Slower Revenue Growth
The accounting industry experienced its slowest growth in a decade, according to the latest revenue figures from the Big Four…
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Discipline in public for accountants
Discipinary hearings against accountants will be heard in public if recommendations today by the profession's regulatory body are adopted. Foundation…
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AICPA in US urges SEC to broaden auditor proposal
NEW YORK, Nov 26 (Reuters) – The accounting industry's main trade and lobby group on Tuesday urged the Securities and…
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FASB Issues Guidance on Guarantees
Norwalk, Conn. (Nov. 27, 2002) – In an effort to more accurately portray the risk companies have assumed, the Financial…
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UK Accounting Standards Board defers FRS 17 implementation
The Accounting Standards Board in UK has delayed the implementation of FRS 17 until January 2005. FRS 17, which values…
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Study: Option Expensing Has No Impact on Share Price
New York (Nov. 25, 2002) The recent move by a number of companies to include option expenses on their income…
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PwC's Chairman Blasts Mandatory Auditor Rotation
New York (Nov. 25, 2002) — While he supports regular partner rotation on audit clients, PricewaterhouseCoopers' U.S. chairman said mandatory…
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KPMG leads battle against French consultancy separation plans
KPMG has asked the British government to speak to the French government about a new proposal to make a legal…
