Accounting Profession News
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SEC proposes independent auditor rules
WASHINGTON — Carrying out the Sarbanes-Oxley corporate reform law, the Securities and Exchange Commission issued proposed rules Tuesday designed to…
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Many firms still in trouble, says KPMG
The high number of companies announcing profit warnings, redundancies and significant restructuring has continued for the second quarter in a…
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Survey: Staffing Remains Top Issue for Firms
New York (Nov. 18, 2002) – Forget Enron and Sarbanes-Oxley and auditor independence. What keeps accounting firm managing partners awake…
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Retired Partner at Andersen Sues Three Rival Firms
A retired partner of Arthur Andersen, who lost $2.2 million in benefits when the firm collapsed, is suing three accounting…
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Former Andersen chief dismayed by Big Four's attitude
Joe Berardino, the former chief executive of Arthur Andersen, is warning the rest of the accounting industry that it risks…
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BDO Seidman Withdraws Suit
Chicago (Nov. 15, 2002) BDO Seidman has withdrawn a lawsuit which sought to release documents that contradicted statements by Public…
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PwC showcases staff's ethical credentials
PricewaterhouseCoopers, the world's largest accountancy, yesterday stepped up a campaign to demonstrate ethical credentials with a financial review emphasising “the…
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SEC: Ernst & Young Violated Rules
WASHINGTON (AP) – Federal regulators, after an initial failure, alleged for a second time Wednesday that Ernst & Young violated…
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With two top guys leaving, reforms and policing of corporate America thrown into disarray
WASHINGTON (AP) — Reforms and the policing of corporate America have been thrown into disarray at a critical time for…
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Andersen Points Blame at Bosses of Software Firm
Nov. 14–Accounting firm Arthur Andersen, in its answer to a $1 billion lawsuit filed by San Diego's Peregrine Systems, contends…
