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Accounting News

Accounting news continually updated from thousands of sources around the net.

12 hrs ago | Time

Called to Account

Accounting firm Arthur Andersen had already been found guilty in the court of public opinion, and paid a heavy penalty.

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Related Topix: Financial Services, Arthur Andersen, Energy, Enron, Criminal Defense Law, Law

16 hrs ago | OStatic

Debian GNU/Linux 5.0 Reaches End of Life

Francesca Ciceri reminded Debian users that version 5.0 of the multi-purpose operating system has reach the end of its supported life-cycle. One year after the release of Debian 6.0, the plug has finally been pulled on Lenny.

Comment?

Related Topix: Open Source Software, Science / Technology, Linux, OpenOfficeorg, Software

Fri Feb 10, 2012

New York Post

MF Global trustee raises tally of missing funds to $1.6B

The trustee supervising the liquidation of MF Global Holdings' brokerage said Friday that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated.

Comment?

Related Topix: Financial Services, KPMG L.L.P, Economics News, Bankruptcy

MSNBC

Divorced in 2011? Taxes will be different

Valentine's Day is next Wednesday, a day for "coupling." If you started 2011 as a couple but ended it as a single, then there are some tax implications you should be considering before April 15.

Comment?

Related Topix: Financial Services, Jackson Hewitt

The Gardner News and The Spring Hill ...

Gardner cancer researcher testifies about Kansas Bioscience Authority audit

Phil Cauthon Kansas Health Institute A Gardner resident and director of the Kansas Cancer Center testified in Topeka urging legislators "not to throw the baby out with the bathwater," as they consider the results of an extensive audit of the Kansas Bioscience Authority.

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Related Topix: US Politics, Sam Brownback, US News, US Senate, Republican, Kansas, Johnson County, KS, Brookdale Senior Living, Financial Services, US Governors

MSDN Blogs

JMike's Favorite Bug

I found this bug while working as one of the first QA engineers at the MathWorks in the early 1990s.

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Related Topix: Mathworks, Computer-Aided Design, Manufacturing and Engineering, Software, Science, Computer Science

Sys-Con Media

Former Deloitte Global CEO James Quigley Appointed to the IFRS Foundation

10,A 2012 /PRNewswire/ --A James H. Quigley , Global CEO of Deloitte Touche Tohmatsu Limited between 2007 and 2011, has been appointed a Trustee of the International Financial Reporting Standards Foundation, the oversight body of the International Accounting Standards Board .A The appointment begins immediately and will expire on The IFRS ... (more)

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Related Topix: Deloitte, Financial Services, Deloitte Touche Tohmatsu, Corporate Governance, Law

The Globe and Mail

Nortel accounting reserve reversal deemed 'reasonable' by auditors, court told

The reversal of an especially controversial accounting reserve that helped trigger payouts under an executive share plan at Nortel Networks Corp.

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Related Topix: Nortel Network, Telecom, Financial Services, Deloitte and Touche

Thu Feb 09, 2012

The New Zealand Herald

Xero founders sell $5m of shares to institutions, MYOB founder

Xero chief executive Rod Drury and two other founders have sold $5 million of shares to institutions and to Brad Shofer, who joins fellow MYOB founder Craig Winkler among the cloud-based accounting platform's top 20 investors.

Comment?

Related Topix: Xero, MYOB Ltd, Software

Silicon Alley Insider

INFOGRAPHIC: People Who Haven't Switched To E-Filing Taxes Are A Dying Breed

If you haven't joined the majority of Americans who e-filed their taxes last year, H&R Block has this message for you: Really, what's your hold up? Forget for a second who created the image below the aforementioned tax preparer who would probably love your extra business and focus on the facts: E-filing has saved more than 28,000 trees, 80,000 ... (more)

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Related Topix: Financial Services, H and R Block

AmericanBankingNews.com

With 85,000 members, Big Four Accounting Firms (Big4.com) is the...

The largest Corporate and Alumni LinkedIn group with 85,000+ members for Big 4 Accounting and Consulting Firm alumni and professionals - Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC.

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Related Topix: Social Software, LinkedIn, Startups, PricewaterhouseCoopers, Financial Services

KRNV-TV Reno

Silver Legacy Company's $143 Million in Debt Due March 1st

The company that owns the Silver Legacy, Eldorado and Circus Circus casinos, is in major debt, according to an auditing firm.

Comment?

Related Topix: Financial Services, Deloitte and Touche

Digital Video Editing

Russian CIOs Plot a Path to the Future via Smarter Use of IT in 2012, Finds Oracle and PwC Report

Independent research by PricewaterhouseCoopers into the IT priorities of Communications Service Providers in Russia has found that 43 percent of CIOs currently spend more than half of their operating budget on "maintenance." That is compared to 60 percent of CIOs in the rest of the Europe, Middle East, and Africa region.

Comment?

Related Topix: CIO News, Financial Services, PricewaterhouseCoopers

Business Journal

Massachusetts: Pay no attention to that cloud hanging over the Calif. biotech industry

PriceWaterhouseCoopers, along with the California Healthcare Institute and Bay Bio has released a study saying that the California biomedical industry "is on a precipice," and employment has stalled.

1 comment

Related Topix: Biotech, Financial Services, PricewaterhouseCoopers, California Government, California

Wed Feb 08, 2012

The Japan News .Net

Watchdog fines Ernst & Young $2 million over audits

The watchdog board for corporate auditors on Wednesday said it has imposed a $2 million penalty, its largest fine ever, on accounting and consulting firm Ernst & Young LLP in a settlement involving past audits of Medicis Pharmaceutical Corp.

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Related Topix: Ernst and Young International, Financial Services, Rap, Pop/Rock, The Movies

Brandon Sun

Accounting industry watchdog's biggest fine yet: Ernst & Young to pay $2M for audit lapses

The watchdog agency for the accounting industry says it has fined big firm Ernst & Young $2 million for alleged lapses in three audits of a pharmaceutical company.

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Related Topix: Corporate Governance, Law, Biotech, Medicine, Medicis Pharmaceutial, Healthcare Industry

York Dispatch

US oil and gas M&A jumps in 2011

Interest in U.S. energy companies spiked in 2011 as buyers clamored for more access to oil-rich layers of North American shale, a consulting and accounting firm said Wednesday.

Comment?

Related Topix: Financial Services, PricewaterhouseCoopers, Utica, PA

The Globe and Mail

Auditors well aware of Nortel accounting reserves, accountant testifies

Auditors at Deloitte & Touche had detailed knowledge of the items that comprised Nortel Network Corp.'s controversial accounting reserves in 2003, a former accounting employee testified Wednesday.

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Related Topix: Nortel Network, Telecom, Financial Services, Deloitte and Touche

Business Journal

Ernst & Young snags Mark Esposito from PricewaterhouseCoopers

Ernst & Young LLP has snapped up Mark Esposito, a startup and venture capital point-man at rival audit firm PricewaterhouseCoopers LLP.

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Related Topix: Financial Services, PricewaterhouseCoopers, Ernst and Young International

Business Journal

KBA auditors hand ex-CEO's laptop to Johnson County District Attorney's office

The accountants that performed a forensic audit of the Kansas Bioscience Authority said Tuesday that they've given former CEO Tom Thornton's laptop computer and copies of their analysis of the device to the Johnson County District Attorney's office.

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Related Topix: Computers, Brookdale Senior Living, Financial Services

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