Online Accounting and Tax Resources

Custom Search

Home

Accounting News

Home Security News Mar 2009

Custom Search

Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007

1 2 Next

Teams discover this cap isn't nearly as adjustable
As free agency began across the NFL on Friday, teams were doing their yearly practice of accounting for every cent while trying to create as much room as possible under the salary cap. (Sun, 01 Mar 2009 10:31:39 GMT)

ON THE MOVE: Davie Kaplan hires Rochester man
A Rochester man has been hired as assistant in the audit and accounting group at Davie Kaplan . (Sun, 01 Mar 2009 11:43:26 GMT)

NW road danger zone
TWO fatalities on the North-West in less than a week has the region accounting for 40% of the state's road toll. Of the 15 deaths on Tasmanian roads this year, almost double the same time last year, six have happened on North- West or West Coast roads. (Sun, 01 Mar 2009 15:01:09 GMT)

Microsoft asks for refund from some laid off workers
WASHINGTON—An accounting error reportedly led Microsoft Corp to notify some laid off employees last week that they would need to give back part of their severance pay. (Sun, 01 Mar 2009 15:48:53 GMT)

Jeweller community demands for safety
Expressing anger and fear accounting due to spurt in the loot and murder incidents of jewellers, the jeweller community of the city demanded their safety during a meeting held by them on Sunday. (Sun, 01 Mar 2009 16:05:00 GMT)

Column : Accounting for blue chips
Corporate India faces a significant test of the integrity of its financial statements at the end of this financial year when it has to apply an "impairment" test to a variety of assets under accounting standard AS 28. (Sun, 01 Mar 2009 20:28:24 GMT)

Accounting mistake may cost North Texas Tollway Authority
Tollway officials say they overstated their assets by $105.5 million in a report late last year. (Mon, 02 Mar 2009 02:16:14 GMT)

Accounting mistake may cost North Texas Tollway Authority
By GORDON DICKSON North Texas Tollway Authority officials say they overstated their assets by $105.5 million in a report late last year, an accounting error that could affect the agency’s financial health. However, officials with the Plano-based agency, say they’ve taken steps to prevent such a mistake in the future. The agency is joining with the Texas Transportation Department to build the ... (Mon, 02 Mar 2009 02:24:07 GMT)

Fresno Fair accounting probe drags on
An accounting firm has finished part of its investigation into whether the Big Fresno Fair had lax accounting procedures that may have allowed a businessman to skim hundreds of thousands of dollars. (Mon, 02 Mar 2009 05:58:29 GMT)

American Express revises 4Q profit upward
American Express Co. has revised its fourth-quarter profit upward by $68 million, due to an accounting error, according to a regulatory filing Friday. (Mon, 02 Mar 2009 14:06:10 GMT)

American Express revises 4th-quarter profit upward by 40 percent due to accounting error
American Express Co. has revised its fourth-quarter profit upward by $68 million, due to an accounting error, according to a regulatory filing (Mon, 02 Mar 2009 14:19:38 GMT)

Amex revises profit upward by $68-million
Regulatory filing reveals accounting error; fourth-quarter profit now $240-million (Mon, 02 Mar 2009 14:30:57 GMT)

KCS Names Mary Stadler Senior Vice President & Chief Accounting Officer
KANSAS CITY, Mo.----Kansas City Southern announced today that Mary Stadler has been named senior vice president and chief accounting officer. Ms. Stadler will report to KCS executive vice president and chief financial officer Michael W. (Mon, 02 Mar 2009 15:13:00 GMT)

QuickBooks 2009 update to target online banking
Intuit has announced it will be updating the Online Banking component in QuickBooks 2009, its business accounting software. QuickBooks manages various business issues such as sales, payrolls and inventories. Changes in the update have been made in response to user requests, and will provide people with performance improvements, the ability to access different areas of QuickBooks while the online ... (Mon, 02 Mar 2009 15:26:44 GMT)

Kansas City Southern hires chief accounting officer
Kansas City Southern has hired Mary Stadler as senior vice president and chief accounting officer. (S) (Mon, 02 Mar 2009 16:23:13 GMT)

Accounting Standard Setter Plans Fair Value Revamp
Feb. 23, 2009 (AFX News Limited) A global accounting standard setter will publish a draft rule later this year aimed at replacing and simplifying rules which critics say have forced writedowns, exacerbating the credit crunch. (Mon, 02 Mar 2009 16:43:00 GMT)

No new contract for accounting firm in New Hartford
The town will no longer require the services of an accounting firm, FJ Basile CPAs, LLC, which has acted as a consultant during the budget process for the past several years. (Mon, 02 Mar 2009 17:22:04 GMT)

SEC's Walters:Fair Value Accounting Is Crisis 'whipping Boy'
SEC's Walters:Fair Value Accounting Is Crisis 'whipping Boy' (Mon, 02 Mar 2009 21:30:35 GMT)

5 Decosimo CPA Firm Principals Receive Accounting's Finest Nod
Five principals with Joseph Decosimo and Company, PLLC are being recognized in the March issue of Business Tennessee, each making the magazine's list of "Accounting's Finest." (Mon, 02 Mar 2009 21:45:15 GMT)

Reading School District hires business, accounting assistant director
The Reading School District has hired a new assistant director of business affairs and accounting. At a school board meeting Wednesday, the board voted to hire Michelle A. Diekow. She will earn a salary of $93,000. (Mon, 02 Mar 2009 23:59:13 GMT)

US bank regulator questions accounting rule
Accountancy Age, Accountancy Age , Tuesday 3 March 2009 at 07:57:00 Is loan loss provision making the downturn worse? US Comptroller of the Currency John Dugan yesterday asked if an accounting rule used to determine future loan losses might have made things worse for the banks in the downturn.... (Tue, 03 Mar 2009 08:08:58 GMT)

US bank regulator questions accounting rule
US Comptroller of the Currency John Dugan yesterday asked if an accounting rule used to determine future loan losses might have made things worse for the banks in the downturn. (Tue, 03 Mar 2009 08:24:11 GMT)

Orszag Defends Budget As Honest Accounting
Budget Director Peter Orszag says the president's budget plan is an honest accounting of the government's fiscal woes. (Tue, 03 Mar 2009 10:41:52 GMT)

CFOs Report on Second-Quarter Hiring Plans: Majority of Companies Expect No Change in Accounting and Finance Staff ...
A net 2 percent of chief financial officers interviewed for the Robert Half International Financial Hiring Index predict decreases in accounting and finance personnel in the second quarter of 2009, with most executives reporting a desire to maintain current staff levels for the next three months. (Tue, 03 Mar 2009 13:00:00 GMT)

Little change expected in 2Q accounting and finance employment, Robert Half survey says
Most chief financial officers in the Philadelphia area — 85 percent — expect to maintain accounting and finance staff levels in the second quarter, according to the most recent Robert Half International Financial Hiring Index. (Tue, 03 Mar 2009 15:57:10 GMT)

Phoenix Revises Losses, Cites Accounting Error
The Phoenix Cos. losses for 2008 will be somewhat lower than the company reported Friday, because of an accounting error the Hartford-based insurer disclosed late Tuesday. (Wed, 04 Mar 2009 01:00:06 GMT)

Accounting student wins MTC GOAL
MOULTRIE — An accounting student was recognized as Moultrie Technical College’s GOAL Award winner at a luncheon Monday. (Wed, 04 Mar 2009 04:13:16 GMT)

AMBER to help Cathay Pacific and its subsidiary Hong Kong Dragon Airlines to automate all cargo revenue accounting ...
Kale Consultants bags order from Cathay Pacific for its cargo revenue accounting solution called AMBER. All Rights Reserved to India Infoline Ltd. (Wed, 04 Mar 2009 07:18:38 GMT)

Kale Consultants To Provide Cargo Revenue Accounting Solution To Cathay Pacific
(RTTNews) - Kale Consultants said that it would provide cargo revenue accounting solution, AMBER to Cathay Pacific and its subsidiary Hong Kong Dragon Airlines to automate all cargo revenue accounting processes. (Wed, 04 Mar 2009 09:01:36 GMT)

Help wanted: IT workers and accounting professionals
The outlook for information technology hiring is positive for the second quarter, and demand for accounting and finance professionals is also expected to increase, the Canadian arm of staffing company Robert Half International said. (Wed, 04 Mar 2009 13:32:32 GMT)

ISBI selects Princeton Financial Systems accounting system
The Illinois State Board of Investment (ISBI) will be deploying ePAM, Princeton Financial Systems' SaaS (Software as a Service), for its investment ... (Wed, 04 Mar 2009 15:20:20 GMT)

Raffa, Freidkin accounting firms merge
Two local accounting firms have joined forces: Freidkin, Matrone & Horn PA merged into Raffa PC. (Wed, 04 Mar 2009 16:28:48 GMT)

Former Gen Re executive sentenced to 1 year in prison, fined $150K for accounting scandal
HARTFORD, Conn. - A former senior vice president at General Re Corp. was sentenced Wednesday to a year and a day in federal prison for an accounting fraud scandal that artificially propped up the stock price of insurer American International Group Inc. (Wed, 04 Mar 2009 18:39:29 GMT)

Division president, accounting chief leave as Insight restructures
Insight Enterprises Inc. is realigning its corporate structure, and the company’s chief accounting officer as well as president of one of the company’s divisions have left the company after buyouts. (Wed, 04 Mar 2009 20:50:19 GMT)

Congress to examine mark-to-market accounting: source
A U.S. House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs, a source briefed on the matter told Reuters on Wednesday. (Wed, 04 Mar 2009 22:57:16 GMT)

US Trade Groups Seek PCAOB Guidance On Fair-Value Accounting
WASHINGTON -(Dow Jones)- A group of trade and business organizations sent the Public Company Accounting Oversight Board a letter Wednesday asking it to issue guidance for how it intends to inspect the audits of fair-value accounting. (Wed, 04 Mar 2009 23:15:54 GMT)

Former Gen Re VP Gets Year in Prison for Accounting Fraud
A former senior vice president at General Re Corp. was sentenced to a year and a day in federal prison for an accounting fraud scandal that artificially propped up the stock price of insurer American International Group. Christopher Garand was also fined $150,000 for his role in the case, which authorities say cost AIG shareholders more than $500 million. Federal prosecutors say AIG paid Gen Re ... (Thu, 05 Mar 2009 01:58:00 GMT)

Rise in state accounting errors reported
FRANKFORT Staff shortages are causing increased accounting errors in state government, says a new audit. For example, the state treasury has not completed a monthly reconciliation of the state's largest bank account since 2006, according to the state government audit for the fiscal year that ended last June 30. "In many instances, our audit captures how budget cuts at all levels have ... (Thu, 05 Mar 2009 06:53:13 GMT)

Ones to watch in accounting
Shawn D. Anderson Assurance Manager, Melville office PricewaterhouseCoopers As a manager, Anderson is responsible for providing client service, leadership and career development for staff at this firm. He has seven years of experience in public accounting, serving local and multinational clients in a variety of industries including manufacturing, distribution, retail and service entities. ... (Thu, 05 Mar 2009 14:52:57 GMT)

Miler Kaplan & Arase Acquires Sherman Oaks Accounting Firm
Regional accounting giant Miller, Kaplan, Arase & Co. LLP, of North Hollywood, will announce March 5 that it has acquired Sherman Oaks-based Wolinsky, Becker & Hurewitz, LLP. (Thu, 05 Mar 2009 16:19:23 GMT)

(AFX UK Focus) 2009-03-05 22:28 UPDATE 1-US lawmaker seeks "fair-minded" accounting fix
WASHINGTON, March 5 (Reuters) - A U.S. House panel will examine mark-to-market accounting on March 12 to find "fair-minded, incremental and achievable fixes" to the accounting rule that has forced banks to write down billions of dollars in assets, a senior Democratic lawmaker said on Thursday. (Thu, 05 Mar 2009 23:01:17 GMT)

Miller Kaplan & Arase Acquires Sherman Oaks Accounting Firm
Regional accounting giant Miller, Kaplan, Arase & Co. LLP, of North Hollywood, will announce March 5 that it has acquired Sherman Oaks-based Wolinsky, Becker & Hurewitz, LLP. (Thu, 05 Mar 2009 23:49:24 GMT)

Bionic Books Launches -- Finally Small Business Accounting is Easy
Bionic Books, http://www.bionicbooks.com, launches today, offering straightforward, easy to use, great value accounting and bookkeeping software online. (Fri, 06 Mar 2009 07:01:00 GMT)

Entertainment Group Selects CODA Finance System to Manage Complex Accounting Requirements
• Supports multi-company, multi-currency accounting • Enables smooth integration with ticketing systems (Fri, 06 Mar 2009 07:01:00 GMT)

'Tax Secrets for Day Traders' Live Webinar with America's Trader Tax Experts Traders Accounting
"Tax Secrets for Day Traders:How to Increase Cash Flow with a Tax-Efficient Trading Plan, " a three-part webinar, presented live by Jim Crimmins, president of America's trader tax experts Traders Accounting. (Fri, 06 Mar 2009 07:01:00 GMT)

Project Management Training Online Adds Finance & Accounting Courses for PDUs
Project Management Training Online - pmtrainingonline.com - announced today that it has added 7 courses in Finance & Accounting to its catalog of online project management training courses. Project Management Training Online provides one of the most extensive offerings of online training courses focused on professional project management that can be found on the internet. (PRWeb Mar 6, 2009) ... (Fri, 06 Mar 2009 08:25:53 GMT)

Boston Tax Firm Vitale Caturano Ranked #5 On Boston Business Journal's Area's Largest Accounting Firms List
Boston Business Journal Names Boston Tax Firm Vitale Caturano To Its Area's Largest Accounting Firms List For The Second Consecutive Year (Fri, 06 Mar 2009 14:06:00 GMT)

Miller Kaplan & Arase Merges With Sherman Oaks Accounting Firm
Regional accounting giant Miller, Kaplan, Arase & Co. LLP, of North Hollywood, announced today that it has merged with Sherman Oaks-based Wolinsky, Becker & Hurewitz, LLP. (Fri, 06 Mar 2009 16:19:28 GMT)

House Bill Would Create New Board For Accounting Standards
WASHINGTON -(Dow Jones)- Accounting standard setters would have their decisions vetted by a new five-member oversight board composed of financial regulators, under U.S. House legislation introduced Friday. (Fri, 06 Mar 2009 17:31:12 GMT)

U.S. bill would revamp accounting oversight
Two U.S. lawmakers have introduced legislation to create a new body that would have the final say on accounting standards, possibly paving the way for a more business-friendly accounting environment. (Fri, 06 Mar 2009 18:53:16 GMT)

U.S. bill would revamp accounting oversight
WASHINGTON (Reuters) - Two U.S. lawmakers have introduced legislation to create a new body that would have the final say on accounting standards, possibly paving the way for a more business-friendly accounting environment. (Fri, 06 Mar 2009 18:53:16 GMT)

Kay Koplovitz: At Last, Steve Forbes and I agree: Get rid of onerous mark to market accounting rules, institute the ...
At Last, Steve Forbes and I agree: Get rid of onerous mark to market accounting rules, institute the uptick rule for short sellers and enforce... (Fri, 06 Mar 2009 19:24:58 GMT)

New push against accounting rule stirs in Congress
WASHINGTON -- It's back on Capitol Hill _ the push to scrap rules that force banks to value assets at current prices. (Fri, 06 Mar 2009 21:28:47 GMT)

New push against accounting rule stirs in Congress
It's back on Capitol Hill -- the push to scrap rules that force banks to value assets at current prices. The campaign waged by bankers, House Republicans and industry-friendly Democrats, which hit a roadblock late last year, has returned in a legislative proposal that targets the Securities and Exchange Commission. (Fri, 06 Mar 2009 21:28:47 GMT)

New push against accounting rule stirs in Congress
It's back on Capitol Hill — the push to scrap rules that force banks to value assets at current prices. (Fri, 06 Mar 2009 21:28:47 GMT)

GCC's transition to global accounting standards makes headway
GCC's transition to global accounting standards makes headway (Sat, 07 Mar 2009 06:49:17 GMT)

RANTS AND RAVES: EMA's accounting lapses troubling
RANT: For serious problems in the handling of state contracts by the Alabama Emergency Management Agency. (Sat, 07 Mar 2009 10:13:49 GMT)

New and familiar: Accounting firm finds another interesting home
A local accounting firm's grand experiment in architectural re-imagining is coming to an end. Its newest experiment is about to get started, though. (Sun, 08 Mar 2009 05:11:36 GMT)

Board's questionable accounting raises questions
Carl Rupp's letter ("We can't afford school tax hike," Feb. 28) congratulates the Rockaway Township Board of Education for holding last year's budget growth to the rate of inflation and suggests they do the same next year. (Sun, 08 Mar 2009 08:27:48 GMT)

Business notes
An accounting firm plans a series designed to help people weather economic challenges, Clinical Engineering Consultants Inc. has agreed to provide sales and field service support for the CardiArc HD-SPECT system, and more. (Sun, 08 Mar 2009 09:51:28 GMT)

New insurance accounting rules are confusing says Axa
The debate about whether a new insurance accounting standard should be adopted is set to heighten after one of the world's largest insurers admitted it creates confusion. (Sun, 08 Mar 2009 20:25:23 GMT)

Accounting firms no longer recession-proof
Accounting firms get to grips with the idea that they’re no longer recession-proof (Mon, 09 Mar 2009 05:12:19 GMT)

Victor Davis Hanson Archives
03/05/09: Accounting for California's suicide 02/26/09: A funny sort of depression 02/19/09: An ‘impulsive’ America? 02/12/09: Hardly the best and brightest 02/05/09: Been there, done that in the Middle East 01/29/09: Time to beam down to earth, President Obama 01/22/09: Unreal expectations? (Mon, 09 Mar 2009 07:40:27 GMT)

Accounting rule bad for economy, banks say
The government is pulling out all the stops to shore up the banking system and get the economy moving again, except when it comes to making a simple accounting change. (Mon, 09 Mar 2009 09:07:38 GMT)

Convention rules the walls in the halls of power
POLITICIANS and ambassadors may spend thousands renting art, but it seems there's no accounting for taste. Based on their Artbank selections, our public officials have been accused of opting for unadventurous art to hang on their walls. (Mon, 09 Mar 2009 13:00:00 GMT)

Another 2Clix firm fails
ANOTHER company connected to the defunct 2Clix Australia accounting software company has fallen into liquidation after failing to appear before the Queensland Supreme Court. (Mon, 09 Mar 2009 13:00:00 GMT)

"I'm not an out and out technology person"
Audit Commission CIO Jeremy Boss hasn't always been a techie. Before taking up his previous role as head of IT at Imperial Tobacco Group, trained accountant Boss was working in risk management at Coopers and Lybrand. A background combining auditing, accounting and technology is one that serves Boss well in his current role as CIO of the Audit Commission, a position he's held since 2004. (Mon, 09 Mar 2009 13:25:30 GMT)

£10m Euro funding repaid after flawed accounting
The Scottish Government has agreed to repay almost £10m of European funding because of flawed accounting procedures for some of the most ambitious projects in the Highlands and Islands in the 1990s. (Tue, 10 Mar 2009 00:05:25 GMT)

G20 summit must address accounting issues, says ACCA
Accountancy Age, Accountancy Age , Tuesday 10 March 2009 at 08:31:00 ACCA calls for 'global accounting language' The Association for Chartered Certified Accountants has called on world leaders to throw their weight behind international financial reporting standards at the G20 summit next month.... (Tue, 10 Mar 2009 08:39:20 GMT)

Writing off small business losses
The accounting method determines whether a small business can claim a loss for income tax purposes. (Tue, 10 Mar 2009 10:00:00 GMT)

G20 summit must address accounting issues, says ACCA
The Association for Chartered Certified Accountants has called on world leaders to throw their weight behind international financial reporting standards at the G20 summit next month. (Tue, 10 Mar 2009 10:10:29 GMT)

A.M. Castle has hefty 4Q loss on charge
A.M. Castle & Co., shackled as expected with a big accounting charge, turned in a hefty loss for both the fourth quarter and the full 2008 year Tuesday. Exclusive of the onetime charge, however, Castle's latest results topped analyst forecasts. (Tue, 10 Mar 2009 13:36:24 GMT)

The Fed: Bernanke: We need improvements to fair value rules
Fed Chairman agues that regulators should identify weak parts of controversial mark-to-market accounting rules, which require daily revaluing of assets, and try to make some improvements. (Tue, 10 Mar 2009 15:14:02 GMT)

Uptick rule may return, mark-to-market changes seen
The possible return of the "uptick" restriction on short-sellers of shares and the prospect of changes in an accounting rule that has forced banks to take billions of dollars in writedowns, sent U.S. shares higher on Tuesday. (Tue, 10 Mar 2009 18:50:52 GMT)

Accounting change
Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, said he expects significant changes to U.S. accounting rules this year,... (Tue, 10 Mar 2009 22:23:50 GMT)

Uptick rule eyed, Fed chief backs accounting tweak
U.S. Regulators will consider reviving the "uptick" restriction on short-sellers of stocks and a top monetary official lent his support on Tuesday to modifying an accounting rule that has forced banks to take billions of dollars in writedowns. (Tue, 10 Mar 2009 22:34:52 GMT)

Uptick rule eyed, Fed chief backs accounting tweak
By Rachelle Younglai and Jeremy Pelofsky (Tue, 10 Mar 2009 22:34:52 GMT)

Bernanke's Vision for Change
Federal Reserve Chairman Ben S. Bernanke yesterday laid out his most comprehensive vision yet for how to overhaul the rules governing the nation's financial system, and advocated changing accounting methods that he said have exacerbated the financial crisis. (Wed, 11 Mar 2009 04:00:00 GMT)

Crisis at Cattles deepens as three more directors suspended
Storm clouds gather as the embattled sub-prime lender breaches its banking covenants, suspends more board members and issues its third profits warning in as many weeks Doorstep lender Cattles suspended another three senior executives today, warning that internal accounting failings plunged it into the red last year, and has breached its banking covenants, putting 4,000 jobs at risk. ... (Wed, 11 Mar 2009 13:08:42 GMT)

U.S. nears mark-to-market accounting guidance
U.S. accounting rulemakers and regulators said they were pushing ahead with new guidance on mark-to-market accounting that has forced banks to write down billions of dollars in assets in the financial crisis. (Wed, 11 Mar 2009 23:38:56 GMT)

House panel looks at accounting rules
As the financial crisis grinds on, Congress is taking another look at accounting rules that force banks to value assets at current prices even if they plan to hold them for years. (Thu, 12 Mar 2009 10:37:39 GMT)

Is fair value accounting fair game for critics?
Lawmakers are about to get another earful from people who say so-called fair value accounting is anything but fair. (Thu, 12 Mar 2009 13:56:00 GMT)

Lawmakers calls for action on mark-to-market accounting
Legislators and regulators need to "act now" to change controversial mark-to-market accounting rules, which require daily revaluing of assets such as mortgage-backed securities or credit default swaps, a key lawmaker says. Other legislators, from both parties, echo the sentiment for action at a hearing on Capitol Hill. (Thu, 12 Mar 2009 14:14:32 GMT)

Lawmaker: Congress will act on accounting rules
By MARCY GORDON Congress will have to act to ease accounting rules that force banks to value assets at current prices unless regulators immediately do so, a senior House lawmaker said Thursday. Rep. Paul Kanjorski, chairman of a House panel, held out the threat of legislation to pressure the Securities and Exchange Commission and the Financial Accounting Standards Board to take steps that would ... (Thu, 12 Mar 2009 14:54:44 GMT)

SEC Official Encourages Improving, Not Suspending Mark-To-Market Accounting
(RTTNews) - The nation's top financial regulator is working to make adjustments to mark-to-market accounting, a top official said Thursday. (Thu, 12 Mar 2009 15:02:07 GMT)

Lawmaker: Congress will act on accounting rules
A senior House lawmaker says Congress will have to act to improve accounting rules that force banks to value assets at current prices unless regulators immediately do so. Rep. Paul Kanjorski, chairman of a House panel, held out the threat Thursday of... (Thu, 12 Mar 2009 15:10:03 GMT)

Lawmaker: Congress will act on accounting rules
Congress will have to act to ease accounting rules that force banks to value assets at current prices unless regulators immediately do so, a senior House lawmaker said Thursday. (Thu, 12 Mar 2009 15:11:30 GMT)

Accounting rule under fire in Congress
Regulators should expand the toolbox banks can use to place a value on hard-to-sell assets, market participants and accounting watchdogs told a congressional panel Thursday. (Thu, 12 Mar 2009 15:25:25 GMT)

Kanjorski Says Congress to Act If SEC Doesn’t Tweak Accounting
March 12 (Bloomberg) -- U.S. Representative Paul Kanjorski said Congress will revise an accounting measure that banks blame for exacerbating the financial crisis if regulators don’t act “quickly” to give companies more leeway in applying the rule. (Thu, 12 Mar 2009 15:26:34 GMT)

Quit whining about accounting!
There are many reasons why banks are stuck in the mess they currently find themselves. But you know what? Accounting rules aren't one of them. (Thu, 12 Mar 2009 16:25:05 GMT)

House panel gets FASB pledge on accounting rule
A House panel wrung a pledge Thursday from the head of an accounting board to try to issue guidelines in three weeks that will ease rules that force banks to value assets at current prices. (Thu, 12 Mar 2009 19:49:32 GMT)

House Panel Gets FASB Pledge on Accounting Rule
House panel gets pledge from FASB head to try to act on accounting rule in 3 weeks (Thu, 12 Mar 2009 20:50:53 GMT)

UPDATE: Lawmakers Push For Guidance On Fair-Value Accounting
(Updated with a comment from former FDIC Chairman William Isaac, who testified at the hearing). WASHINGTON -(Dow Jones)- After facing a barrage of bipartisan criticism Thursday, the chairman of the Financial Accounting Standards Board told a U.S. (Thu, 12 Mar 2009 22:00:56 GMT)

Accounting exemption
PUTRAJAYA: Students who aced the Principles of Accounting paper in the Sijil Pelajaran Malaysia examination will be given certification (level 2) by the London Chambers of Commerce and Industry (LCCI). (Thu, 12 Mar 2009 23:55:34 GMT)

Congress Gives U.S. Official 3 Weeks to Revise Mark-to-Market Accounting
Lawmakers told the top U.S. accounting rulemaker to deliver new guidance on mark-to-market accounting within three weeks, or face legislation changing the rule that has forced banks to write down ... (Fri, 13 Mar 2009 14:41:26 GMT)

New accounting programs offered to cities in SFC Funding for computers, software part of Southern Bancorp initiative
Mayors and their representatives from throughout St. Francis County got a look at a computer accounting system Thursday that Southern Bancorp may help them get. (Fri, 13 Mar 2009 18:59:56 GMT)

Fair-Value Accounting Isn’t Working, Wells Fargo Chairman Says
March 14 (Bloomberg) -- Fair-value accounting rules don’t make sense when there’s no market to accurately price securities, Wells Fargo & Co. Chairman Richard Kovacevich said. (Sat, 14 Mar 2009 04:10:39 GMT)

UTEP accounting students teach women in crisis about finances
EL PASO -- Women in shelters who are down on their luck -- often from broken, possibly abusive relationships they're trying to get out of -- are learning about financial literacy from accounting students at the University of Texas at El Paso. (Sat, 14 Mar 2009 06:08:34 GMT)

FASB gives accounting rule pledge
WASHINGTON — A House panel wrung a pledge Thursday from the head of an accounting board to try to issue guidelines in three weeks that will ease rules that force banks to value assets at current prices. (Sat, 14 Mar 2009 08:49:07 GMT)

CII for change in accounting norms
NEW DELHI: The Industry body, CII on Sunday suggested modification in the accounting norm of recording notional losses on account of forex transactions, a demand which does not finds favour with accounting regulator ICAI. (Sun, 15 Mar 2009 08:31:43 GMT)

Russia to become permanent OPEC observer
Russia says it is sending a permanent observer to OPEC. The move signals closer ties between the largest non-OPEC producer of oil and the organization accounting for more than a third of world output. (Sun, 15 Mar 2009 10:33:21 GMT)

Banks lobby Turner review over mark-to-market accounting rules
Accountancy Age, Accountancy Age , Monday 16 March 2009 at 09:48:00 Banks warn that mark-to-market accounting rules have exacerbated the economic downturn, as FSA chairman prepares to publish his report on reforming financial regulations The Turner report on reforming financial regulations, due to be published on Wednesday, has heard complaints from banks that accounting rules have ... (Mon, 16 Mar 2009 10:16:23 GMT)

Banks lobby Turner review over mark-to-market accounting rules
The Turner report on reforming financial regulations, due to be published on Wednesday, has heard complaints from banks that accounting rules have worsened the economic crisis, the Financial Times reported. (Mon, 16 Mar 2009 10:39:35 GMT)

Fair-Value Accounting Reform Debate Heats Up
Securitization took center stage last week in a debate that appears likely to ease the accounting standards that some claim were partly to blame for the CMBS freeze. (Mon, 16 Mar 2009 12:32:54 GMT)

Asbury Automotive posts $338M annual loss
Asbury Automotive Group Inc. drove into the red for 2008 after a 16 percent drop in sales and a big goodwill impairment charge, and its independent accounting is voicing doubts the company can continue as a going concern. (ABG) (Mon, 16 Mar 2009 12:55:41 GMT)

Software provides stock plan management.
With EASi Software, companies can flag grants with Continue to Vest after Termination provision. Program offers retirement eligibility accounting support for stock option and stock appreciation rights grants. Workstream Notification alerts appropriate individuals as grant nears retirement eligibility date, while reports provide information on individuals and grants impacted by reaching ... (Mon, 16 Mar 2009 12:57:00 GMT)

Guru Speak
At the company level, a controller as the chief of an accounting unit has basic responsibilities of ensuring the reliability of financial information and internalcontrol system effectiveness. (Mon, 16 Mar 2009 14:07:02 GMT)

Regulator proposes new accounting rule
The Financial Accounting Standards Board wants to overhaul mark-to-market accounting. (Mon, 16 Mar 2009 14:55:00 GMT)

Accounting body moves toward giving banks more flexibility on fair-value
The Financial Accounting Standards Board, pressured by lawmakers to change the fair-value rule blamed for worsening the financial crisis, proposed permitting companies to use "significant judgment" in valuing assets. (Mon, 16 Mar 2009 15:03:24 GMT)

Francine McKenna: The Button-Down Mafia: How the Public Accounting Firms Run a Racket on Investors and Thrive While ...
The Big 4 public accounting firms haven't yet been asked the hard questions by governments, legislators, or regulators. (Mon, 16 Mar 2009 21:02:13 GMT)

Proposed Changes Give Banks Leeway In Valuing Assets
The nation's chief accounting body on Monday proposed easing bookkeeping rules that some lawmakers and banks blame for accelerating write-downs in mortgage-backed securities, making the financial crisis even worse. (Mon, 16 Mar 2009 23:30:30 GMT)

US Accounting Oversight Board To Raise Support Fee To $157.4 Million
WASHINGTON -(Dow Jones)- The Public Company Accounting Oversight Board said Monday it plans to raise its 2009 accounting support fee from $151.8 million to $157.4 million. (Mon, 16 Mar 2009 23:31:14 GMT)

BANKS POP ON TALK OF ACCOUNTING RULE RELIEF
It's the sweet relief that only an accounting rule change can bring. The body responsible for US accounting rules yesterday proposed to tweak guidelines affecting how financial institutions account for hard-to-value securities on their balance... (Tue, 17 Mar 2009 10:52:33 GMT)

AFI Development sees large accounting profit in Q1
Lev Leviev's Russian real estate arm saw the value of its properties more than halved in 2008. (Tue, 17 Mar 2009 11:48:37 GMT)

Can accounting watchdog resist the banks' pressure?
The heat is on for standard setters to relax reporting rules on derivatives. (Tue, 17 Mar 2009 13:05:00 GMT)

NLTFPD recommends board renews contract with accounting firm
INCLINE VILLAGE, Nev. - A recommendation to continue a contract with the accounting firm Kafoury, Armstrong & Co. is on the agenda for the North Lake Tahoe Fire Protection District at the Board of Director's 12 p.m. Wednesday meeting. (Wed, 18 Mar 2009 07:06:31 GMT)

Accounting worker sentenced to prison
Karen Lee Thornburg, 52, who worked in the accounting department at Coggin Automotive Group in Orange City, pleaded no contest to organized scheme to defraud Monday in DeLand. Circuit Judge James Clayton sentenced her to five years in prison, followed by 25 years probation and paying restitution. (Wed, 18 Mar 2009 07:16:59 GMT)

SDSU accounting students offer free tax services
Some California taxpayers are eligible to receive a gift from accounting students at San Diego State University: tax preparation on the house. Students in SDSU's Charles W. Lamden School of Accountancy are volunteering to prepare tax returns for free for state residents who make up to $50,000 a year. (Wed, 18 Mar 2009 09:12:31 GMT)

Huron Consulting Group Expands Legal Consulting and Accounting & Financial Consulting Practices
CHICAGO----Huron Consulting Group Inc. , a leading provider of business consulting services, today announced that Charles R. Ragan and Edward A. Wertzberger have joined the Company as managing directors in the Legal Consulting and Accounting & Financial Consulting practices, respectively. (Wed, 18 Mar 2009 11:55:00 GMT)

Certified General Accountants Association chooses Grip Limited of Toronto to showcase the professional accounting ...
The Certified General Accountants Association of Canada in collaboration with the provincial and territorial organizations have chosen Grip Limited of Toronto to develop a Canada-wide advertising campaign to emphasize the CGA designation's excellence, distinctiveness and leadership in the field of professional accounting and business. (Wed, 18 Mar 2009 12:00:00 GMT)

How One Rochester Firm Switched to Paperless Accounting
Tax season means a whole lot of paperwork. Now imagine eliminating (almost) paper from an accounting office. Rochester mayor Bob Duffy and his senior management team are heading to Albany on Wednesday morning. (Wed, 18 Mar 2009 12:27:01 GMT)

How One Rochester Firm Switched to Paperless Accounting
Tax season means a whole lot of paperwork. Now imagine eliminating (almost) paper from an accounting office. (Wed, 18 Mar 2009 12:27:13 GMT)

Accounting firm: Crocs' viability in 'doubt'
NIWOT — The independent accounting firm of Crocs Inc. has "substantial doubt" about the future viability of the Niwot-based shoe company that experienced revenue decreases and a $185 (Wed, 18 Mar 2009 14:44:50 GMT)

Finance and Accounting 2009
Accounting is where the nonprofit buck stops Accounting gives a nonprofit a key tool to run its business, plan its future, and show donors and regulators it is spending and tracking its funds the way it should. (Wed, 18 Mar 2009 15:51:01 GMT)

FSA chief opens debate on accounting for banks
Fair value/mark to market accounting promotes dramatic rises and falls in financial markets, and clashes with the needs of regulators, the long awaited Turner Report on regulating the banks has concluded. (Wed, 18 Mar 2009 16:23:21 GMT)

FSA chief opens debate on accounting for banks
Gavin Hinks, Accountancy Age , Wednesday 18 March 2009 at 16:02:00 Turner says fair value helps shareholders but not regulators Fair value/mark to market accounting promotes dramatic rises and falls in financial markets, and clashes with the needs of regulators, the long awaited Turner Report on regulating the banks has... (Wed, 18 Mar 2009 16:27:00 GMT)

The Hindu Business Line : Should accounting be driven by economic conditions?
Home Page - Accounting Standards Opinion - Interview Columns - Account Speak Web Extras - Economy Should accounting be driven by economic conditions? Adding to the list of other ongoing conflicts is the recent spat between an industry body and the accounting regulator. (Wed, 18 Mar 2009 18:55:14 GMT)

(AFX UK Focus) 2009-03-18 19:59 Global accounting body seeks views on U.S. moves
BRUSSELS, March 18 (Reuters) - A top accounting standards setter launched a public consultation on Wednesday over whether it should bring its rules in line with the United States in order to maintain a consistent global approach. The International Accounting Standards Board (IASB), which sets accounting rules used in over 100 countries that are mandatory for companies in the 27-nation European ... (Wed, 18 Mar 2009 20:08:31 GMT)

Satyam chief speaks out over accounting scandal
Raghevendra Verma in New Delhi, Accountancy Age , Thursday 19 March 2009 at 02:00:00 The accounting scandal that devastated Satyam Computer Services was ‘probably the handiwork of a few individuals, acting in isolation' says the company's new chief executive, Achutuni Sreenivasa Murty The new chief executive of India’s Satyam Computer Services has said he is confident the accounting scandal that ... (Thu, 19 Mar 2009 02:27:01 GMT)

Recovery.gov's citizen accounting effort
At first glance, it seems the government's online attempt at tracking where and how stimulus money is being used isn't delivering on its promise of unparalleled transparency. (Thu, 19 Mar 2009 10:18:45 GMT)

Palm's subscription accounting webOS plans revealed, CPAs rejoice
Truthfully, even the hardest of hardcore Palm fans are going to have a tough time getting jazzed about this, but given that we're looking for every morsel of webOS news to tide us over until that undisclosed Pre launch date finally happens, we're passing it on. A deck of presentation slides has revealed Palm's webOS subscription accounting plans, and while nothing's out of the ordinary, we are ... (Thu, 19 Mar 2009 13:42:20 GMT)

IASB and FASB Launch Public Consultation on a Future Standard on Lease Accounting
NORWALK, Conn.----The International Accounting Standards Board and the US Financial Accounting Standards Board today launched a public discussion on lease accounting by publishing their preliminary views in a joint discussion paper. (Thu, 19 Mar 2009 14:30:00 GMT)

IASB AND FASB LAUNCH PUBLIC CONSULTATION ON A FUTURE STANDARD ON LEASE ACCOUNTING
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have this week launched a public discussion on lease accounting by publishing their preliminary views in a joint discussion paper.... (Thu, 19 Mar 2009 17:22:28 GMT)

Accounting students offer tax help
Johnson & Wales University accounting students and faculty are offering free income-tax help Saturday through April 12. (Fri, 20 Mar 2009 06:53:49 GMT)

Incline fire district approves accounting contract, looks to install surveillance system
INCLINE VILLAGE, Nev. - A nine-year relationship with the accounting firm Kafoury, Armstrong & Co. (Fri, 20 Mar 2009 07:06:32 GMT)

DEBATE TO ADDRESS THE IMPACT OF FAIR VALUE ACCOUNTING
KUALA LUMPUR, March 20 (Bernama) -- The Association of Chartered Certified Accountants (ACCA) will organise a business debate to address the impact of fair value accounting amid the current economic climate. (Fri, 20 Mar 2009 07:39:35 GMT)

Bank of America involved in Merrill writedowns: report
Bank of America Corp was involved in accounting for fourth-quarter writedowns at Merrill Lynch & Co before it acquired the brokerage firm, the Financial Times reported on Thursday. (Fri, 20 Mar 2009 12:03:21 GMT)

Equipment Finance Sector Comments on FASB/IASB Proposed Revisions to Lease Accounting Standard
Proposed revisions to lease accounting standards by FASB and IASB are contained in paper Leases: Preliminary Views. These changes are expected to impact balance sheets of all companies subject to U.S. GAAP who use leasing to acquire assets or as part of asset management strategy. With FASB and IASB seeking comments until July 17, 2009, Kenneth E. Bentsen, Jr. said changes may increase cost and ... (Fri, 20 Mar 2009 12:38:29 GMT)

Local accounting firm taking a break for SU game
The Syracuse Orange men's basketball team will take on Stephen F Austin at 12:15 Friday in its opening round of the NCAA Tournament. So, will you be watching the game? (Fri, 20 Mar 2009 13:24:27 GMT)

China to Create Five Steelmakers Accounting for 45% of Output
March 20 (Bloomberg) -- China, the world’s largest steelmaker, plans to create five companies accounting for more than 45 percent of output within three years as part of a wider industry stimulus plans. (Fri, 20 Mar 2009 15:12:57 GMT)

Former trucker now offers tax and accounting services
Arlene Wannamaker drove a big rig coast to coast and considers truckers to be her second family. Now the Bayside resident is changing gears - she has opened a tax and accounting service which caters primarily to truckers although others can use her services as well.[...] (Fri, 20 Mar 2009 20:14:50 GMT)

Pharmacy missing thousands, old accounting to blame
TOOELE, Utah (ABC 4 News) - A pharmacy is missing thousands of dollars, and prosecutors say the system was ripe for abuse. (Sat, 21 Mar 2009 02:49:35 GMT)

Senate Hopeful Blasts Dodd
Rob Simmons accuses Dodd of failing to give satisfactory accounting of role in AIG bonus fiasco (Sat, 21 Mar 2009 22:17:19 GMT)