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UN says Afghan opium crop to shrink
Afghanistan remains the world's largest producer of opium, the main ingredient in heroin, accounting for 90 percent of the world's production. (Sun, 01 Feb 2009 15:48:11 GMT)

UN says Afghan opium crop to shrink
Associated Press - February 1, 2009 10:43 AM ET KABUL, Afghanistan (AP) - Afghanistan remains the world's largest producer of opium, the main ingredient in heroin, accounting for 90% of the... (Sun, 01 Feb 2009 15:59:22 GMT)

US body to award Satyam for talent training programme
At a time when the accounting fraud continues to haunt Satyam Computer Services, the software exporter will be receiving an award for internal training programme from an American entity. (Sun, 01 Feb 2009 16:22:20 GMT)

Rasmussen College Changes Teaching Strategy for Accounting
The economic downturn is providing some new job opportunities in the accounting industry. (Mon, 02 Feb 2009 03:19:39 GMT)

Impax plots deals to grow generics, brands
Emerging from accounting purgatory — a sentence that flung its stock off mainline markets for much of the past four years — Impax Laboratories Inc. is ready to make a deal. (Mon, 02 Feb 2009 06:22:38 GMT)

Immigrant realizes his dream in local business
Anh Le left his native Vietnam 25 years ago to come to Illinois in the hope of becoming an electrical engineer. Along the way, he discovered tax accounting and ended up taking a different career path. He recently talked with business reporter Will Buss about he got there: (Mon, 02 Feb 2009 09:15:21 GMT)

What really lies behind the financial crisis?
What was the true cause of the worst financial crisis the world has seen since the Great Depression? Was it excessive greed on Wall Street? Was it mark-to-market accounting? The answer is neither, says Jeremy Siegel, a professor of finance at... (Mon, 02 Feb 2009 09:24:20 GMT)

Greenhouse rules power consultant
NEW greenhouse gas and energy reporting rules have proven a bonanza for Supply Chain Consulting, which has buyers queuing up for its world-first carbon accounting software. (Mon, 02 Feb 2009 13:00:00 GMT)

UN: Poor Myanmar farmers may turn to growing opium
(By GRANT PECK, Associated Press Writer) Rising prices for opium in Southeast Asia and the global economic downturn may trigger a surge in the cultivation of the illegal drug in Myanmar, which until recently was in sharp decline, U.N. drug experts said Monday. Nearly all the world's opium comes from Afghanistan but military-ruled Myanmar is the second biggest source, accounting for almost 5 ... (Mon, 02 Feb 2009 14:42:11 GMT)

CFOs at U.S. Technology Businesses Turn Pessimistic on Industry Growth According to BDO Seidman, LLP Survey
This year, according to the annual survey by BDO Seidman, LLP , one of the nation’s leading accounting and consulting organizations, less than a third (30%) of chief financial officers (CFOs) at leading U.S. technology businesses forecast increased sales revenue over last year. This compares to early 2008 when almost three quarters (73%) of CFOs felt optimistic about sales revenue, predicting ... (Mon, 02 Feb 2009 14:44:32 GMT)

UN: Poor Myanmar farmers may turn to growing opium
Rising prices for opium in Southeast Asia and the global economic downturn may trigger a surge in the cultivation of the illegal drug in Myanmar, which until recently was in sharp decline, U.N. drug experts said Monday. Nearly all the world's opium comes from Afghanistan but military-ruled Myanmar is the second biggest source, accounting for almost 5 percent of global production. In 1999, the ... (Mon, 02 Feb 2009 14:47:34 GMT)

Satyam signs 15 contracts despite its troubles
Satyam said it has signed 15 contracts during last month despite the $1bn accounting fraud scandal that rocked the company and the Indian IT sector. Four of these deals, which include renewals, were in Europe, said the firm. (Mon, 02 Feb 2009 15:13:20 GMT)

Risks Identified In Common Drug Therapy
Risks associated with one of the most commonly prescribed drugs in Australia, accounting for about one million prescriptions a year, are examined in two articles in the latest Medical Journal of Australia. Proton Pump Inhibitors (PPIs) are the most commonly used acid suppressants. Acid suppressant therapy resulted in world-wide sales of almost $27 billion in 2005. (Mon, 02 Feb 2009 16:06:02 GMT)

Thompson National Properties Hires Candace Rice as Senior Vice President, Accounting
Thompson National Properties, LLC, announced today that Candace Rice joined the company as Senior Vice President, Accounting. (Mon, 02 Feb 2009 20:49:00 GMT)

Accounting firm begins medical billing business
Harding, Shymanski & Co., an Evansville-based consulting and certified public accounting firm founded in 1975, has branched out to the medical billing business. Brenda Wallace, the company’s vice president, said Harding, Shymanski recently purchased Dataco, Inc., from Joseph Carothers. (Mon, 02 Feb 2009 23:06:38 GMT)

Bill Donius: Mark to Market Accounting-Time Out?
Mark to Market accounting was ushered in in the 1980's as a solution to the failings of the Savings and Loan Crisis. A few of... (Tue, 03 Feb 2009 03:42:23 GMT)

OC Accounting Services Open for Business
OC Accounting Services launches new opening and accounting services to help both large and small businesses. [PR.com - February 02, 2009] (Tue, 03 Feb 2009 03:56:39 GMT)

India's fraud-hit Satyam wins new clients: company
Indian software giant Satyam Computer Services won contracts with 15 new clients last month, despite revelations of a billion-dollar accounting scandal, a company spokeswoman said Tuesday. (Tue, 03 Feb 2009 11:44:52 GMT)

Accounting firm will conduct Dorrance’s annual audit
— KRISTEN GAYDOS DORRANCE TWP. — Township supervisors will use a public accounting firm for last year’s audit instead of the township’s elected auditors. (Tue, 03 Feb 2009 13:07:42 GMT)

Research and Markets: Financial Accounting Applications is an Essential Report for Financial Institutions to ...
DUBLIN, Ireland----Research and Markets has announced the addition of the "Financial Accounting Applications" report to their offering. (Tue, 03 Feb 2009 13:12:00 GMT)

Moto loses $3.6B, halts dividend, CFO exits
Motorola Inc., burdened by huge accounting and tax-related charges, turned in a $3.58 billion fourth-quarter loss Tuesday, suspended its dividend in a bid to preserve cash and announced the departure of its chief financial officer. (Tue, 03 Feb 2009 13:19:00 GMT)

Research and Markets: Financial Accounting as a Second Language, 1st Edition
DUBLIN, Ireland----Research and Markets has announced the addition of a new report "Financial Accounting As a Second Language, 1st Edition" to their offering. (Tue, 03 Feb 2009 15:03:00 GMT)

City faces accounting errors
Half Moon Bay city leaders say they are addressing the financial recording problems identified by an independent financial audit that involves the employee credit cards, receipts and accounting. (Tue, 03 Feb 2009 17:30:48 GMT)

Accounting charge slaps Nalco earnings
Nalco Holding Co. reported fourth-quarter earnings late Tuesday that were spoiled by a large but not particularly meaningful accounting charge to write down the value of certain intangible assets; underlying earnings exceeded Wall Street forecasts. (Tue, 03 Feb 2009 23:03:50 GMT)

CEO Profile: Swenson Adivsors COO talks about accounting
A certified public accountant who also has managed the finances and operations of large businesses, Keith Krzewski joined the accounting firm Swenson Advisors two years ago as a partner and chief operating officer. (Wed, 04 Feb 2009 04:45:03 GMT)

Biovail's dodgy accounting costs Melnyk $1 million
Ottawa Senators owner Eugene Melnyk has agreed to pay a $1-million (all terms US) fine over Biovail Corp founder's accounting practices, according to court documents. (Wed, 04 Feb 2009 09:31:33 GMT)

City gets no help from province to comply with accounting rules
Fredericton will be in compliance with new accounting rules required by the federal and provincial governments by the end of the year, but the city is disappointed it has had to undertake the task without provincial government support. (Wed, 04 Feb 2009 10:04:14 GMT)

KPMG to help businesses adopt global accounting norms
New Delhi, Feb 4 : With corporate governance and accounting norms coming under the scanner following the 1.43-billion dollars Satyam scam, global consultancy and accounting major KPMG Wednesday announced the launch of an initiative to help Indian businesses conform to international accounting standards. (Wed, 04 Feb 2009 10:28:58 GMT)

Government hides carbon emissions with creative accounting
New government figures released today revealing that UK carbon emissions are significantly down are ‘spin, aided by creative accounting’ say the World Development Movement. (Wed, 04 Feb 2009 11:46:38 GMT)

KPMG to help businesses adopt global accounting norms
With corporate governance and accounting norms coming under the scanner following the $1.43-billion Satyam scam, global consultancy and accounting major KPMG Wednesday announced the launch of an initiative to help Indian businesses conform to international accounting standards. (Wed, 04 Feb 2009 13:53:30 GMT)

World’s Carbon Trading Markets Vulnerable to Enron Type Accounting Scandals According to Sequence Staffing
The world’s carbon trading markets are extremely vulnerable to accounting scandals like those symbolized by Enron, WorldCom and Tyco according to leading greenhouse gas and climate change experts and professionals in an international survey released today by Sequence Staffing and the Greenhouse Gas Management Institute. (Wed, 04 Feb 2009 14:27:11 GMT)

FACULTY POSITIONS IN ACCOUNTING
Laval University School of Accountancy invites applications at all ranks for three tenure-track positions in Accounting beginning in Summer or Fall 2009. (Wed, 04 Feb 2009 15:47:02 GMT)

Compeat’s Comprehensive Restaurant Management and Accounting Suite to Expand with the Addition of the MIRUS Business ...
Compeat Restaurant Management Systems has partnered with MIRUS – a leading provider of restaurant business intelligence software – to deliver “Compeat Insight™” as an addition to Compeat’s comprehensive restaurant management and accounting solution. Compeat Insight is a powerful business intelligence solution that will provide customized enterprise reporting, data warehousing, extensive data ... (Wed, 04 Feb 2009 23:34:05 GMT)

SEC takes more time on IFRS accounting roadmap
NEW YORK, Feb 4 (Reuters) - The U.S. Securities and Exchange Commission has added two more months to a public comment period for its proposed "roadmap" to move U.S. companies to international accounting rules. (Thu, 05 Feb 2009 00:13:56 GMT)

Accounting Firms Take New Hits Over Madoff, Other Ponzi Schemes
A Minnesota accounting firm has been hit by lawsuits alleging that it failed to detect problems in two separate Ponzi schemes -- the purported $50 billion investment scam by financier Bernard Madoff and the $3.5 billion alleged "electronics" scheme by Thomas Petters. The suits against McGladrey & Pullen and similar suits stemming from the Madoff scandal against accounting firms KPMG, Ernst & ... (Thu, 05 Feb 2009 02:14:12 GMT)

Cindy Heath of Five Star Staffing & Accounting Recruiters Named 2008 Business Leaders Movers & Shakers
Cindy Heath, Principal, Five Star Staffing & Accounting Recruiters has been named one of the winners of the 2008 Business Leaders Media's Movers & Shakers. This year recorded an unprecedented number of nominations. [PR.com - September 25, 2008] (Thu, 05 Feb 2009 08:17:27 GMT)

Conning Research: Life Industry Faces Challenge of Implementing Upcoming Accounting and Regulatory Changes
Upcoming accounting and regulatory changes will present an operational risk and add to an already significant number of challenges the life insurance industry faces, according to a new study by Conning Research and Consulting. (Thu, 05 Feb 2009 14:00:00 GMT)

CX Capital Markets Selects SunGard’s GMI for Derivatives Clearing and Accounting
CX Capital Markets Selects SunGard's GMI for Derivatives Clearing and Accounting (Thu, 05 Feb 2009 14:31:59 GMT)

Triple Point Provides Germany's Biggest Power Producer, RWE, with IAS 39 Hedge Accounting Solution
LONDON----Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that RWE, the biggest power producer in Germany, has chosen Triple Point's Commodity XL for Hedge Accounting™ to assist in ensuring compliance with IAS 39 and help to protect against earnings volatility. (Thu, 05 Feb 2009 16:16:00 GMT)

Wall Street extends rebound on bank accounting talk
Stocks extended gains on Thursday as shares of financial services companies sharply cut losses on talk that Washington's rescue plan for banks may include suspension of a key accounting rule, traders said. (Thu, 05 Feb 2009 16:30:23 GMT)

Accounting rule change hopes spur Wall St. rally
Stocks rallied on Thursday on investor hopes that the government's plan to shore up the financial system will include a change in accounting rules that would stem bank write-downs and spur lending. (Thu, 05 Feb 2009 22:06:13 GMT)

Bank stocks rebound on hopes of accounting changes
Financial stocks rebounded in afternoon trading Thursday after reports surfaced that the government may move to alter, or even suspend, accounting rules that force banks to value assets at current market prices. (Thu, 05 Feb 2009 22:55:22 GMT)

Hopes for Bank Accounting Rule Fix Helps Lift Wall Street
U.S. stocks rallied on Thursday on investor hopes that the government's plan to shore up the financial system will include a change in accounting rules that would stem bank write-downs and spur lending. (Thu, 05 Feb 2009 23:22:35 GMT)

Bank stocks rebound on hopes of accounting changes
NEW YORK -- Financial stocks rebounded in afternoon trading Thursday after reports surfaced that the government may move to alter, or even suspend, accounting rules that force banks to value assets (Fri, 06 Feb 2009 00:25:24 GMT)

ICAI wants more teeth to prevent accounting fraud
Currently, ICAI cannot take action against any chartered accountant who has indulged in professional misconduct or any other misdeed if he is not a registered member of the institute. The accounting body is also planning to set up a serious fraud detection cell to assist regulators like the Reserve Bank of India and Securities and Exchange Board of India to prevent Satyam-like scams. (Fri, 06 Feb 2009 05:16:04 GMT)

Liability for Mistakes Could Hit Global Accounting Firms
Investors have long been restricted in suing accountants for financial fraud. While global brands such as PriceWaterhouseCoopers, KPMG International, Deloitte Touche Tohmatsu, and Ernst & Young may have deep pockets, with combined revenue of $103 billion last year, they limit legal exposure by setting themselves up as a network of independent member firms linked by a central administrative ... (Fri, 06 Feb 2009 13:08:41 GMT)

MSU accounting students doing free tax preparation today
Missouri State University accounting students will do free individual tax preparations and e-filings today from 10 a.m. to 2 p.m. in Glass Hall on the MSU campus. (Fri, 06 Feb 2009 16:09:21 GMT)

Noted Forensic Accounting Experts Sound Alarm On Looming Threat of Bailout Money Fraud
A nationally prominent forensic accounting firm is sounding the alarm about the potential for hundreds of millions of dollars in fraud, waste and abuse from the nearly $150 billion in federal funds slated for public schools. These funds, part of the estimated $900 billion economic stimulus package, would be distributed through the Department of Education directly to state and then local school ... (Fri, 06 Feb 2009 20:12:23 GMT)

Slow response to new accounting standards
Corporate Malaysia has not adapted fast enough to the evolution in financial reporting in recent years. This may be a big problem three years from now, when local companies will have less time to prepare for the impact of new accounting standards. (Sat, 07 Feb 2009 00:41:43 GMT)

Accounting change puts pension schemes in jeopardy
A new pensions accounting rule could hasten the demise of final salary schemes, it is being claimed. (06/02/2009 22:50:20) (Sat, 07 Feb 2009 08:15:00 GMT)

Accounting year 2008: SECP needs to suspend impairment in valuation of investment
KARACHI (February 08 2009): The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of investment for accounting year 2008. Views to the above were generally given at a meeting held on Saturday at the Institute of Chartered Accountants of Pakistan in Karachi. (Sat, 07 Feb 2009 23:03:01 GMT)

Ernst & Young denies hand in SGV ouster
GLOBAL accounting group Ernst & Young yesterday denied involvement in the corporate squabbling that resulted in the ouster of the managing partner of SGV & Company, the country’s biggest auditing firm. (Sun, 08 Feb 2009 15:35:18 GMT)

Dallas Mornning News and accounting group offer free income-tax hotline this afternoon
The Dallas Morning News and the Dallas CPA Society will staff a free income tax advice hotline from noon to 4 p.m. Sunday. Spanish-speaking accountants will be available. The number for information is 214-977-2349. (Sun, 08 Feb 2009 16:24:29 GMT)

(AFX UK Focus) 2009-02-09 00:26 Goldman chief defends fair value accounting
NEW YORK, Feb 8 (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein fired back at critics of a controversial fair value accounting rule some blame for billions of dollars in bank losses in an opinion piece in the Financial Times on Sunday. He also called for broader regulation of financial institutions and tighter risk management in the piece, which tried to glean lessons from the current ... (Mon, 09 Feb 2009 01:00:21 GMT)

Being able to write off bad debts depends on accounting method
NEW YORK -- It's a bit of insult added to injury -- small-business owners who had nonpaying customers in 2008 are likely to find they can't take the bad debts as deductions on their income tax returns. (Mon, 09 Feb 2009 02:00:53 GMT)

KSE may put off accounting standard for a year
KARACHI, Feb 8: The stakeholders in the stock market who attended a meeting on Saturday to deliberate on the accounting treatment of decline in fair value of “available for sale investments” in quoted companies held the consensus view that the regulator be asked to suspend the implementation of International Accounting Standard (IAS) 39 for one year, several participants of the meeting confirmed ... (Mon, 09 Feb 2009 03:38:33 GMT)

Goldman boss defends fair value accounting
Kate Burgess, Accountancy Age , Monday 9 February 2009 at 09:16:00 Blankfein says accounting method did not exacerbate crisis Goldman Sachs chief executive Lloyd Blankfein has said that banks only have themselves to blame for fair value accounting problems.... (Mon, 09 Feb 2009 09:24:37 GMT)

Goldman boss defends fair value accounting
Goldman Sachs chief executive Lloyd Blankfein has said that banks only have themselves to blame for fair value accounting problems. Blankfein argued that banks did not account for asset values accurately enough prior to the financial crisis. (Mon, 09 Feb 2009 09:54:01 GMT)

Accounting standards shift creates stir
The Securities and Exchange Commission has published a roadmap for the change from the rules-based American Generally Accepted Accounting Principals, or GAAP, to the principles-based International Financial Reporting Standards, or IFRS, and has the document open for comment. (Mon, 09 Feb 2009 11:01:14 GMT)

Insight sees sales shrink and spots accounting errors
Corporate reseller Insight Enterprises has admitted the discovery of historical accounting errors dating back to 1996 will force it to restate previous results. (Mon, 09 Feb 2009 11:30:09 GMT)

Insight sees sales shrink and spots accounting errors
Doug Woodburn, CRN , Monday 9 February 2009 at 11:10:00 VAR admits it will be forced to restate previous earnings as it files preliminary 2008 results Corporate reseller Insight Enterprises has admitted the discovery of historical accounting errors dating back to 1996 will force it to restate previous results.... (Mon, 09 Feb 2009 11:39:27 GMT)

Alabama company buys Maitland accounting firm
Carr, Riggs & Ingram, a large accounting firm based in Alabama, has absorbed the accounting operations of Maitland-based FelsingRankin, officials said recently. (Mon, 09 Feb 2009 15:17:33 GMT)

Goldman’s Blankfein Says Banks Shouldn’t Abandon Mark-to-Market
Feb. 9 (Bloomberg) -- Goldman Sachs Group Inc . Chief Executive Officer Lloyd Blankfein said the financial industry shouldn’t abandon the “mark-to-market” accounting rules that some banks blame for aggravating global economic woes. (Mon, 09 Feb 2009 15:27:47 GMT)

Novavax taps Evdoxia Kopsidas as interim accounting chief
Novavax Inc. has named an interim accounting chief to help fill in for its recently departed chief financial officer. (NVAX) (Mon, 09 Feb 2009 19:54:45 GMT)

Accounting firm hosts pizza social, presentation
Grant Thornton, a certified public accountant firm with locations in Kansas City and Wichita, hosted a pizza social last Wednesday night at Wheat State Pizza for Emporia State students interested in accounting. The firm is currently recruiting students for a summer program and future internships. (Mon, 09 Feb 2009 21:18:33 GMT)

Insight Enterprises to restate earnings on accounting error, sees lower 4Q profit and sales
TEMPE, Ariz. (AP) - Shares of Insight Enterprises Inc. plunged Monday after the information technology company said it would restate financials after discovering accounting errors going back to 1996, and forecast weaker-than-expected fourth-quarter results. (Mon, 09 Feb 2009 21:19:14 GMT)

Accounting error may cost Insight $70 mil
An accounting error could cost Tempe-based Insight Enterprises as much as $70 million. (Mon, 09 Feb 2009 23:48:59 GMT)

Janus accounting exec to step down
Janus' top accounting officer, Robert Blakley, will step down in March for "personal reasons," the Denver-based mutual fund company disclosed Monday in a regulatory filing. (Tue, 10 Feb 2009 07:13:46 GMT)

Access Accounting signs onto Syscap service
Leasing specialist Syscap has unveiled Access Accounting as the first partner to join its Access Finance programme. (Tue, 10 Feb 2009 16:31:16 GMT)

Access Accounting signs onto Syscap service
Kayleigh Bateman, CRN , Tuesday 10 February 2009 at 16:24:00 Leasing firm announces first partner with launch of new finance and leasing service Leasing specialist Syscap has unveiled Access Accounting as the first partner to join its Access Finance programme. Financial software vendor Access Accounting has signed a three-year strategic partnership for Syscap’s... (Tue, 10 Feb 2009 16:39:37 GMT)

Media Advisory - How will the economic crisis impact the accounting world? Hear leading financial experts speak about ...
Laurence Booth, Professor of Finance, Rotman School of Management, and Gordon Richardson, KPMG Professor of Accounting, University of Toronto, will speak about the current economic crisis and the accounting impact at the Accounting Standards Board Oversight Council meeting. (Tue, 10 Feb 2009 17:17:00 GMT)

U.S. banks renew push for accounting changes
WASHINGTON, Feb 10 (Reuters) - U.S. banks renewed efforts on Tuesday to get policymakers to change a controversial accounting rule after the U.S. government rolled out a trillion dollar plan to rescue the financial system. (Tue, 10 Feb 2009 19:43:49 GMT)

(AFX UK Focus) 2009-02-10 19:35 U.S. banks renew push for accounting changes
WASHINGTON, Feb 10 (Reuters) - U.S. banks renewed efforts on Tuesday to get policymakers to change a controversial accounting rule after the U.S. government rolled out a trillion dollar plan to rescue the financial system. The fair value accounting rule, requiring assets to be valued at market prices, has been blamed for exacerbating the economic crisis by forcing banks to record billions of ... (Tue, 10 Feb 2009 20:00:26 GMT)

Accounting Standards Review Board chairman named
Commerce Minister Simon Power today announced the appointment of Kevin Simpkins as the new chairman of the Accounting Standards Review Board (ASRB). (Tue, 10 Feb 2009 23:11:38 GMT)

GSI Group widens internal accounting probe
GSI Group Inc. has widened the scope of its internal accounting audit to include its 2006 fiscal year and said it will need to restate its 2007 financial results. (Wed, 11 Feb 2009 14:44:57 GMT)

Review: Klix Online Accounting
Klix Online uses the Internet as the ultimate office network to provide decent accounting capabilities at a reasonable price for businesses with up to 100 users. (Wed, 11 Feb 2009 16:25:47 GMT)

SEC May Pick Audit Board’s Charles Niemeier for Accounting Post
Feb. 11 (Bloomberg) -- U.S. Securities and Exchange Commission Chairman Mary Schapiro may choose Charles Niemeier , a supporter of “mark-to-market” rules that some banks say worsened the financial crisis, as the agency’s chief accountant, said three people familiar with the matter. (Wed, 11 Feb 2009 19:11:27 GMT)

A decade after village elections began in China, mixed results
YANGZHUANG, China — Every few months, elected leaders in most rural villages of China dutifully appear at outdoor blackboards and offer an accounting in yellow chalk of village finances. (Wed, 11 Feb 2009 21:30:00 GMT)

Rolls Royce Swings To Loss After Accounting Charge
Rolls Royce Swings To Loss After Accounting Charge (Thu, 12 Feb 2009 08:04:57 GMT)

Pakistan says Mumbai attacks partly planned on its soil
Pakistan said six new suspects were being held, including "the main operator" behind the attacks, offering the fullest public accounting so far of its investigation. (Thu, 12 Feb 2009 10:39:22 GMT)

Northern Trust Launches Insurance Accounting Solution with ProMutual Group
Northern Trust announced today it has been appointed to provide an insurance accounting and financial reporting outsourcing solution for ProMutual Group, a leading provider of medical liability insurance in the Northeast. (Thu, 12 Feb 2009 15:18:00 GMT)

Fraud-hit Satyam 'financially stable'
Indian IT giant Satyam Computer has "achieved financial stability", just over a month after revelations of a massive accounting fraud, its new chairman Kiran Karnik said on Thursday. (Thu, 12 Feb 2009 15:35:45 GMT)

Economic Downturn Expected to Boost Demand for Finance and Accounting Business Process Outsourcing, Says IDC
NORTH SYDNEY, 13 February 2009, Increased regulation and the demand for transparency are becoming strong drivers for enterprises to standardise their Finance and Accounting (F&A) Business Process Outsourcing (BPO) activities. (Fri, 13 Feb 2009 00:34:39 GMT)

Baylor University Accounting Students Garner National Rankings on CPA Exam
Baylor Universitys graduate accounting students had the second highest pass rate in the nation for students who took and passed all four sections of the 2007 Uniform Certified Public Accountant (CPA) exam released by the National Association of State Boards of Accountancy (NASBA). (Fri, 13 Feb 2009 02:29:34 GMT)

Grant Thornton LLP Wins Public Accounting Report's 2008 Audit Rankings
CHICAGO----Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., one of the six global, accounting, tax and business advisory organizations, took first place in the Public Accounting Report's 2008 audit rankings. (Fri, 13 Feb 2009 11:30:00 GMT)

Northern Trust to provide insurance accounting solution for ProMutual Group
Investment management firm Northern Trust has been appointed to provide an insurance accounting and financial reporting outsourcing solution for ProMutual Group, a US-based provider of medical liability insurance. (Fri, 13 Feb 2009 11:37:03 GMT)

UPDATE 2-Pakistani stocks rise 4.2 pct on accounting waiver
KARACHI, Feb 13 (Reuters) - Pakistani stocks ended 4.2 percent higher on Friday as authorities clarified accounting procedures as it decided to waive specific requirements on investment portfolio losses. (Fri, 13 Feb 2009 11:58:20 GMT)

Bridgewater accounting firm announces new audit partner
The Amper, Politziner & Mattia accounting firm recently announced that Greg Kubikowski CPA has joined the staff as an audit partner. (Fri, 13 Feb 2009 12:23:17 GMT)

(AFX UK Focus) 2009-02-13 11:57 UPDATE 2-Pakistani stocks rise 4.2 pct on accounting waiver
KARACHI, Feb 13 (Reuters) - Pakistani stocks ended 4.2 percent higher on Friday as authorities clarified accounting procedures as it decided to waive specific requirements on investment portfolio losses. The Karachi Stock Exchange benchmark 100-share index closed 4.2 percent, or 226.54 points, up at 5,625.90 points on turnover of 128.7 million shares. The Securities and Exchange Commission of ... (Fri, 13 Feb 2009 12:31:36 GMT)

After Stimulus Loss, Cos Regroup For Pension Accounting Changes
WASHINGTON -(Dow Jones)- Lawmakers have ignored pleas from U.S. companies to have pension relief included in the economic stimulus package, prompting business groups to seek separate legislation that would temporarily ease pension-fund accounting rules. (Fri, 13 Feb 2009 15:15:38 GMT)

Major accounting changes in bill
Summary of major accounting changes contained in a budget-balancing bill approved Thursday by the Legislature: (Fri, 13 Feb 2009 16:06:22 GMT)

Boise man accused of embezzling $8,000 from local accounting firm
A 29-year-old Boise man accused of embezzling over $8,000 from an accounting firm he used to work at is charged with felony grand theft. (Fri, 13 Feb 2009 18:26:07 GMT)

Accounting Firm Attorney Pleads Guilty to Tax Fraud Related to Tax Shelters Claiming Over One Billion Dollars of ...
Lev L. Dassin, Acting United States Attorney for the Southern District of New York, and Patricia J. Haynes, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service ("IRS"), Criminal Investigation Division, announced that Michael Kerekes, an attorney at a major international accounting firm, pleaded guilty earlier today to conspiring with certain tax shelter ... (Sat, 14 Feb 2009 00:10:00 GMT)

Accounting treatment for equity securities as required under IAS-39: SECP finally grants relaxation
ISLAMABAD (February 14 2009): The Securities and Exchange Commission of Pakistan (SECP) has granted relaxation in the accounting treatment for equity securities held by the companies under the head 'Available for Sale' as required under International Accounting Standard "Financial Instrument: Recognition and Measurement" (IAS 39). (Sat, 14 Feb 2009 05:54:36 GMT)

Senior Center budget jumps as Montpelier shifts accounting
MONTPELIER -- City residents will be asked to approve a $135,707 budget for the senior center on Town Meeting Day. ... - By SARAH HINCKLEY TIMES ARGUS STAFF (Sun, 15 Feb 2009 08:13:31 GMT)

Former builder Jim Seymour reinvents himself, finds success with My Accounting Department
Press Photo/Mark CopierJim Seymour checks his client schedule in a downtown Holland coffee shop. The former home building contractor started his business, My Accounting Department, when the housing market nose-dived.HOLLAND -- When the home construction market started going soft four... (Sun, 15 Feb 2009 09:13:05 GMT)

Years after village elections began in China, mixed results
Every few months, elected leaders in most rural villages of China dutifully appear at outdoor blackboards and offer an accounting in yellow chalk of village finances. Expenses as minor as telephone bills, transportation fees and the cost of ubiquitous red banners are all tallied. Income, mainly from rental of village land, also goes up in chalk. The public tallying of village finances is part of ... (Sun, 15 Feb 2009 13:20:44 GMT)

Years after village elections began in China, mixed results
(By TIM JOHNSON, McClatchy Newspapers) Every few months, elected leaders in most rural villages of China dutifully appear at outdoor blackboards and offer an accounting in yellow chalk of village finances. Expenses as minor as telephone bills, transportation fees and the cost of ubiquitous red banners are all tallied. Income, mainly from rental of village land, also goes up in chalk. The public ... (Sun, 15 Feb 2009 13:27:39 GMT)

Carbon accounting from atmospheric measurements -- the aircraft perspective
( NOAA Headquarters ) The NOAA/ESRL aircraft network has embarked on many recent intensive efforts to explore processes at the 10 to 100 km scale. In particular, air mass-following experiments using small aircraft can be used to observe ground emission or uptake of CO2 in a single air mass as it moves across an agricultural or urban landscape. The net result is a validation of ground-level ... (Sun, 15 Feb 2009 21:47:28 GMT)

Coastal Carolina accounting majors help with taxes
MYRTLE BEACH, S.C. (AP) - Accounting students at Coastal Carolina University are offering the public free help in filing their taxes. (Mon, 16 Feb 2009 09:19:09 GMT)

'Friday the 13th' lucky after all
LOS ANGELES --"Friday the 13th" had all the luck as the remake of the 1980 slasher flick opened with $42.2 million, putting blood and guts ahead of hearts over Valentine's Day weekend. That was a record for the horror genre, topping the $39.1 million debut for 2004's "The Grudge." Accounting for today's higher admission prices, "The Grudge" sold slightly more tickets, however. Released by the ... (Mon, 16 Feb 2009 14:10:53 GMT)

J Brooks & Associates gives back during tax season
J Brooks & Associates, a Cape Coral accounting firm, is offering tax payers the chance for a discounted tax preparation while at the same time... (Mon, 16 Feb 2009 14:32:29 GMT)

Rwanda: Rwandatel Nets 200,000 in Two Months
Kigali, Rwanda — In a space of just two months, Rwandatel has netted 200,000 clients on its mobile platform, accounting for a market share of 15% today. (Mon, 16 Feb 2009 14:56:04 GMT)

Zag Zaps The Accounting Busywork With Microsoft Dynamics GP from NexTec Group
Not long ago, Zag relied on QuickBooks accounting software to track these transactions, but as the business grew, QuickBooks was no longer a viable solution. "We had outgrown the software," recalls Brent A. (Mon, 16 Feb 2009 15:00:00 GMT)

SunTrust offers contest for thriving small businesses
Is your small business growing in the midst of the slump? SunTrust wants to hear from you. The Atlanta-based lender has unveiled a contest that offers prizes including a laptop computer, accounting software, an Office Depot gift card and free banking services to the winner. (Mon, 16 Feb 2009 15:33:34 GMT)

White lifts Tritons out of last
University of Missouri - St. Louis women's basketball player Kristi White, junior, accounting, freely admits she played one of the worst defensive games of her career in the Tritons' 66-74 loss to Oakland City University last Tuesday. White was so disappointed with her effort against the Lady Oaks, she decided before last Saturday's home game at the Mark Twain Gymnasium against Rockhurst ... (Mon, 16 Feb 2009 16:00:19 GMT)

Students offering tax return help
Xavier University accounting students will help low-income and elderly residents and other students prepare their tax returns this year. (Tue, 17 Feb 2009 10:41:58 GMT)

Accounting firms agree to merger
Woolard, Krajnik, Masciangelo LLP said it merged with James W. Fite & Associates of Oxford. (Tue, 17 Feb 2009 11:13:06 GMT)

Pakistani stocks end 1 pct higher; rupee weakens
KARACHI, Feb 17 (Reuters) - Pakistani stocks ended over 1 percent higher on Tuesday as sentiment improved after authorities last week clarified accounting procedures as it decided to waive specific requirements on investment portfolio losses. (Tue, 17 Feb 2009 12:27:01 GMT)

ACS Receives Positive Rating for Finance & Accounting Business Process Outsourcing
DALLAS----Affiliated Computer Services, Inc. has received a positive market rating in industry analyst firm Gartner Inc.'s recent MarketScope for Comprehensive Finance and Accounting Business Process Outsourcing. (Tue, 17 Feb 2009 13:05:00 GMT)

Accounting Study Reveals Firms' Failure to Disclose Environmental Sanctions
A University of Arkansas accounting researcher studied corporations with large environmental sanctions over a 10-year period and found that 72 percent of the companies failed to disclose that information to the Securities and Exchange Commission as required by law. SEC regulations require corporations to disclose environmental sanctions of $100,000 or more, regardless of the regulating entity. (Tue, 17 Feb 2009 13:29:14 GMT)

Parente Randolph merges with N.Y. accounting firm
Accounting firm Parente Randolph said Monday it has acquired New York-based Lazar Levine & Felix, increasing the size of the firm to 650 people. (Tue, 17 Feb 2009 13:38:15 GMT)

JPB Accounting Services to Provide Bill-Paying Services to NFL Athletes in Partnership With Williams Asset Management
JPB Accounting Services, LLC, a premier provider of outsourced accounting and financial management services in the Baltimore-Washington corridor, has been chosen by Williams Asset Management, a Registered NFLPA Player Financial Advisor, as a partner to provide services to NFL athletes. (Tue, 17 Feb 2009 14:04:00 GMT)

Govt orders CBI to probe Satyam fraud
The government has ordered the Central Bureau of Investigation (CBI) to probe the Rs 7,800-crore accounting fraud in Hyderabad-based Satyam Computer Services. (Tue, 17 Feb 2009 15:29:25 GMT)

CBI to probe Satyam accounting fraud case
New Delhi, Feb 17 : Union Minister of Corporate Affairs Prem Chand Gupta on Tuesday said the government has ordered the Central Bureau of Investigation (CBI) to probe the accounting fraud in IT major Satyam Computer Services Ltd. (Wed, 18 Feb 2009 04:40:34 GMT)

Palms Casino Resort Selects Condo Accounting Solution By Agilysys
Agilysys, Inc., a leading provider of innovative IT solutions, including specifically-designed hospitality software solutions, has announced that Palms Casino Resort in Las Vegas has selected the Visual One Condo Accounting System by Agilysys to manage its condominium rentals at Palms Place Hotel and Spa (Wed, 18 Feb 2009 08:57:00 GMT)

Doing Business in the United Kingdom is Made Easier With Vantis Accounting, Tax and Business Advisory Firm
Vantis, the London Stock Market's AIM listed accounting, tax and business advisory firm, http://www.vantisplc.com/ has established a specialist Group to help overseas companies looking at doing business in the UK. (Wed, 18 Feb 2009 09:06:00 GMT)

Doing Business in the United Kingdom is Made Easier With Vantis Accounting, Tax and Business Advisory Firm
LONDON, February 18 /PRNewswire/ -- - Setting up a UK Corporation Needn't be Taxing With Specialist Accounting, Tax and Business Advice From Vantis Vantis, the London Stock Market's AIM listed accounting, tax and business advisory firm, http://www.vantisplc.com/ has established a specialist Group to help overseas companies looking at doing business in the UK. The Inbound Business Group, ... (Wed, 18 Feb 2009 09:19:20 GMT)

RVCC offers management accounting
Raritan Valley Community College's (RVCC) Corporate & Continuing Education (CCE) division will present the second and third programs in a series on Certified Management Accounting. Those enrolling in Part 2 and Part 3 do not need to have already taken Part I, which was offered last fall. (Wed, 18 Feb 2009 11:37:43 GMT)

Soup-Kitchen Accounting for Banks
Timothy Geithner, the Treasury secretary, has pledged that the second bank bailout will be characterized by far greater transparency than the first on the part of the financial institutions. (Wed, 18 Feb 2009 12:54:13 GMT)

SpringCM and Sutherland Global Services Announce Partnership to Create End-to- End Finance and Accounting Offerings
SpringCM Inc., the leader in on-demand document management and workflow solutions, today announced a partnership with Sutherland Global Services, a major global provider of Finance and Accounting solutions. (Wed, 18 Feb 2009 13:30:00 GMT)

Citigroup chief slams accounting rules
Citigroup has lambasted mark-to-market accounting rules for exacerbating its weakened position and forcing it to take asset writedowns beyond all reasonable credit loss assumptions, according to an interview given by its chief executive, Vikram Pandit. (Wed, 18 Feb 2009 15:54:45 GMT)

DO MANAGERS TIME SECURITIZATION TRANSACTIONS TO OBTAIN ACCOUNTING BENEFITS?
Relative to recording securitizations as collateralized borrowings, the gain on sale treatment has several accounting benefits such as reducing leverage, increasing earnings, and improving efficiency. (Wed, 18 Feb 2009 16:17:17 GMT)

PKF Texas Named One of the 'Best Accounting Firms to Work For' in the US
Pannell Kerr Forster of Texas, P.C. was named one of the Best Accounting Firms to Work For in the inaugural program, sponsored by the Accountants Media Group. PKF Texas is proud to be in the company of the best accounting firms in the nation. (Wed, 18 Feb 2009 16:27:00 GMT)

Audit regulator plans more accounting guidance
The regulator announces it would provide more guidance on controversial mark-to-market accounting rules. (Wed, 18 Feb 2009 20:14:17 GMT)

Lean Management Accounting Workshop Teaches How to Resolve Conflicts Between Lean Thinking and Traditional Management ...
CAMBRIDGE, Mass.----The nonprofit Lean Enterprise Institute will present a workshop on "Management Accounting for Lean Businesses," April 16, 2009, in Durham, NC. The instructor is Orest Fiume, former vice president of finance and administration of The Wiremold Company. (Wed, 18 Feb 2009 21:14:00 GMT)

Accounting board announces mark-to-market studies
The board that sets U.S. accounting rules will conduct two new studies on the issue of mark-to-market accounting, the standard that critics contend has deepened the current banking crisis. (Wed, 18 Feb 2009 21:37:20 GMT)

Accounting board announces mark-to-market studies
The board that sets U.S. accounting rules will conduct two new studies on the issue of mark-to-market accounting, the standard that critics contend has deepened the banking crisis. Robert H. Herz, chairman of the Financial Accounting Standards Board, said... (Wed, 18 Feb 2009 21:55:13 GMT)

FASB launches new studies on mark-to-market accounting rules blamed for worsening crisis
The board that sets U.S. accounting rules will conduct two new studies on the issue of mark-to-market accounting, the standard that critics (Wed, 18 Feb 2009 23:42:44 GMT)

ABA welcomes FASB's decision to review fair value accounting measures
ÇÑ¹·Õè 19 ¡ØÁÀÒ¾Ñ¹¸ì 2552 09:10 ¹. Expresses Concern that OTTI is Being Overlooked “The American Bankers Association welcomes the Financial Accounting Standards Board’s decision to take a fresh look at estimating mark to market values in illiquid markets. (Thu, 19 Feb 2009 02:11:21 GMT)

MarketWatch First Take: Tiny accounting firms aren't the culprit
Rahm Emanuel, Barack Obama’s chief of staff, is reported to have said that we should "never let a good crisis go to waste." Yet it is not clear that investors are drawing the right lessons from the crises associated with the investor fraud allegedly perpetrated by Robert Allen Stanford and Bernie Madoff. (Thu, 19 Feb 2009 16:14:21 GMT)

SEC ISSUES DETAILED STUDY ON MARK-TO-MARKET ACCOUNTING
At the direction of the U.S. Congress, the SEC prepared and released on 30 December 2008 a study on mark-to-market accounting and its role in the recent financial crises. Though it concluded that mark-to-market accounting was not responsible for the crisis, it did make eight recommendations.... (Thu, 19 Feb 2009 17:16:36 GMT)

AUSTRALIAN GOVT SUPPORTS MOBILITY FOR ACCOUNTING PROFESSION
KUALA LUMPUR, Feb 20 (Bernama) -- The Australian government is supporting mobility for the accounting profession through free trade negotiations. (Fri, 20 Feb 2009 06:06:37 GMT)

Bank throws accounting firm out on its touche
Rockville Financial Inc., the Vernon-based corporate parent of Rockville Bank, has terminated its accounting firm, New York-based Deloitte & Touche LLP, according to a filing Wednesday with the Securities and Exchange Commission. (Fri, 20 Feb 2009 06:34:15 GMT)

U.S. AIDS cases cluster in cities, report finds
Most Americans infected with the AIDS virus live in cities, with 10 states accounting for 71 percent of cases, according to new data from the U.S. Centers for Disease Control and Prevention. (Fri, 20 Feb 2009 14:31:24 GMT)

Accounting firm hires Stanley
CHAMBERSBURG -- Ashley Stanley has been hired by Rotz & Stonesifer P.C. to work out of the Chambersburg office in the audit department. Stanley graduated from Shippensburg University with a bachelor's degree in business administration - accounting. (Fri, 20 Feb 2009 16:05:11 GMT)

Obama Bans Gimmicks, and Deficit Will Rise
By stopping accounting gimmicks that make deficit projections look smaller, the budget will appear $2.7 trillion deeper in debt over the next decade, according to administration officials. (Fri, 20 Feb 2009 21:37:12 GMT)

School audit: No accounting for computers
Audit: Richmond Schools can’t account for 42 percent of computer equipment Forty-two percent of computer equipment identified in Richmond school records cannot be accounted for, according to an audit released yesterday by the city auditor’s office. The operational audit of the Richmond Public Schools’ department of information technology said 13,455 pieces of equipment identified through the ... (Sat, 21 Feb 2009 06:20:58 GMT)

1993 WTC VICTIM'S PAIN
The first trial for a victim of the 1993 World Trade Center bombing - a brain-damaged former accounting exec - got under way yesterday in Manhattan Supreme Court. Linda Nash, 49, says her life was destroyed in the wake of the massive terror... (Sat, 21 Feb 2009 11:29:48 GMT)

Join our tax chat
Do you have questions about your income taxes? The Enquirer can help you get answers. Accounting firm partners Tom Cooney and Crystal Faulkner will be online today until 11 a.m. (Sat, 21 Feb 2009 14:52:37 GMT)

Cal Poly students provide tax help to low-income residents
POMONA - Cal Poly Pomona accounting students each Saturday will offer free help with federal and state income taxes to Pomona Valley residents. Low-income families who earn $40,000 or less as well as the elderly and non-English speaking people who are legal residents are eligible to receive assistance. (Sun, 22 Feb 2009 05:58:06 GMT)