Accounting Profession News
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Deloitte Annual Revenues Flat
New York (Nov. 11, 2002) – Facing significant revenue losses related to the Sept. 11 terror attacks, Deloitte Touche Tohmatsu…
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Microsoft and PwC Roll Out Vat.Net
New Delhi: Software major Microsoft Corporation India Pvt Ltd and professional services firm PricewaterhouseCoopers (PwC) India have launched a value…
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New global accounting rules unveiled
New accounting proposals by the International Accounting Standards Board will force listed companies to deduct the cost of stock options…
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Accounting Firm claims Chief Govt Audit Overseer Fired it when it raised Financial Problems
Accounting firm BDO Seidman LLP released documents yesterday that showed that William H Webster had fired it as the auditor…
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SEC's Head Accountant in USA Resigns
The chief accountant of the Securities and Exchange Commission in the US resigned yesterday after 15 months in office, the…
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New Fraud Standard Expands All Auditors Responsibility
The Auditing Standards Board of the AICPA has issued SAS No. 99, Consideration of Fraud in a Financial Statement Audit,…
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FASB and IASB Agree to Work Together toward Convergence of Global Accounting Standards
LONDON, United Kingdom: The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have issued a memorandum of…
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IFAC Task Force Focuses on Restoring Credibility in Financial Statements
(New York/October 18, 2002) – Improving the credibility of financial reporting worldwide is the objective of a new task force…
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IFAC Issues Exposure Draft on Compliance with International Financial Reporting Standards
(New York/Oct. 28, 2002) — The International Federation of Accountant's International (IFAC's) Auditing and Assurance Standards Board (IAASB) is proposing…
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IAASB Seeks Comments on Audit Risk Guidance
(New York/Oct. 29, 2002) — Contributing to the improvement of audit quality worldwide, the International Federation of Accountant's (IFAC) International…
