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Accounting change set for Witherell
The town is changing its accounting system for the Nathaniel Witherell nursing home -- which recently reported a profit for the last fiscal year, only the second time in its 100-year-plus history -- (Sat, 01 Aug 2009 02:05:07 GMT)

3 Huron execs resign over accounting missteps
Consulting firm announces it will restate financial results for the past 3 fiscal years Chief Executive Gary Holdren and two other top executives are resigning from Chicago-based management consultancy Huron Consulting Group as the company announced Friday it is restating financial statements for three fiscal years. (Sat, 01 Aug 2009 06:02:22 GMT)

Huron CEO, CFO leave over accounting scandal; shares plunge
(Reuters) - Huron Consulting Group Inc's entire top management team is departing and the company will be forced to restate more than three years of results, slashing its profits by almost half, because of an accounting scandal. Shares of the company, which says it provides consulting services ... (Sat, 01 Aug 2009 13:55:04 GMT)

Slidell recognized for financial reporting, accounting practices
The city of Slidell’s Finance Department received the Certificate of Achievement by the Government Finance Officers Association for its comprehensive annual financial reporting. (Sun, 02 Aug 2009 05:40:13 GMT)

Cost accounting norms to be in tune with IFRS
It is not just Indian accounting standards, which would converge fully with the International Financial Reporting Standards (IFRS) by 2011, but cost accounting standards (CAS) would also need to be in tune with the global model. (Sun, 02 Aug 2009 19:29:13 GMT)

Countplus buys stake in accounting firm
Count Financial Ltd says it wholly owned subsidiary Countplus Pty Ltd has bought a cornerstone stake in an accounting and financial planning firm for $585,586. (Mon, 03 Aug 2009 01:34:21 GMT)

Cost accounting norms to be in tune with IFRS
The Institute of Cost and Works Accountants of India, the apex body to regulate the profession of cost accountants, is working out the impact of IFRS on costing principles. The ICWAI has taken this initiative at the behest of the International Federation of Accountants, the global organisation for the accountancy profession, which is for the first time addressing costing and has come out with ... (Mon, 03 Aug 2009 07:30:13 GMT)

Law Firms Weigh Shareholder Claims Against Huron
Two law firms are investigating potential shareholder claims against Huron Consulting Group concerning possible securities violations after the company disclosed an accounting scandal Friday. (Mon, 03 Aug 2009 09:07:19 GMT)

Sting in accounting tail for Argo Investments
Argo Investments has reported its second-largest operating profit, but new accounting standards have forced it to report $205 million in unrealised losses after the value of equity investments fell in the recent sharemarket crash. (Mon, 03 Aug 2009 14:06:04 GMT)

KPMG Foundation Marks 15th Year of Minority Accounting Doctoral Scholarship Program With Awards of $390,000 to Scholars
The KPMG Foundation is marking the 15th anniversary of its Minority Accounting Doctoral Scholarship program by announcing today it has awarded a total of $390,000 in scholarships to 39 minority doctoral scholars for the 2009 - 2010 academic year. (Mon, 03 Aug 2009 14:09:00 GMT)

East Africa: Accounting Practice Set for Major Review
Nairobi — Accounting standards across the globe are to undergo a major review following the financial crisis that has hit the world. (Mon, 03 Aug 2009 14:37:07 GMT)

Scientists Open Doors To Diagnosis Of Emphysema
EMBL development may provide powerful new test for inflammatory lung diseasesChronic inflammatory lung diseases like chronic bronchitis and emphysema are a major global health problem, and the fourth leading cause of death and disability in developed countries, with smoking accounting for 90% of the risk for developing them. (Mon, 03 Aug 2009 15:27:37 GMT)

Huron Consulting Shares Plummet Amid Accounting Scandal
Shares of Huron Consulting Group (HUR) lost more than two-thirds of their market value and plunged to 52-week lows Monday morning amid an accounting scandal that forced the exit of the company’s management team. (Mon, 03 Aug 2009 16:43:53 GMT)

Huron Consulting loses senior management after accounting ‘errors’
US management consulting group Huron has seen its share price plummet 69% after the uncovering of accounting errors led to the departure of the chief executive and CFO. (Tue, 04 Aug 2009 08:50:24 GMT)

We didn't mean to politicise accounting, says US finance committee
A peak US financial committee said it didn't mean to politicise accounting standards when it leaned on the US standard setter to change its fair value rules. (Tue, 04 Aug 2009 09:05:34 GMT)

Huron should be last firm with accounting woes
For a firm born with a scarlet letter -- "A" for Arthur Andersen -- on its lapel, Huron Consulting should have been the very last to get into an ethically compromised accounting fix. (Tue, 04 Aug 2009 13:02:02 GMT)

GOODWILL ACCOUNTING AND MFI, PART 1
Goodwill is an accounting concept anyone who has investigated financial statements has likely encountered. This 2-part "mini-series" of articles will describe what goodwill is, how it is accounted for, and how it is largely ignored by the Magic Formula screening strategy, sometimes unfortunately for investors. This first article will concentrate on what goodwill is and how it is accounted for. ... (Tue, 04 Aug 2009 14:34:05 GMT)

SLED chief calls accounting records a joke
There's a controversy over the South Carolina State Law Enforcement Division budget, with SLED Chief Reggie Lloyd calling the accounting records of his predecessor ``a joke.'' (Tue, 04 Aug 2009 14:51:47 GMT)

SEC charges GE with accounting fraud
The Securities and Exchange Commission on Tuesday filed a suit against General Electric claiming that it reported false results in its financial statements. (Tue, 04 Aug 2009 15:08:18 GMT)

GE Settles Derivatives Accounting Issues With SEC
GE Settles Derivatives Accounting Issues With SEC (Tue, 04 Aug 2009 15:13:23 GMT)

GE pays 50 mln dlrs to settle accounting fraud probe
General Electric Co. agreed to pay 50 million dollars to settle a probe into allegations it misled investors by manipulating financial statements, regulators announced Tuesday. (Tue, 04 Aug 2009 15:15:07 GMT)

(AFX UK Focus) 2009-08-04 15:55 FDIC's Bair-new accounting rules provoke heartburn
WASHINGTON, Aug 4 (Reuters) - U.S. regulators on Tuesday said they harbor serious concerns about the timing of new accounting rules that could force banks to move more assets onto their books. Sheila Bair, chairman of the Federal Deposit Insurance Corp, said the timing of the implementation of the so-called off-balance-sheet rules "gives me some heartburn" and could hamper the recovery of the ... (Tue, 04 Aug 2009 15:21:08 GMT)

G.E. Agrees to Pay $50 Million Accounting Fine
The company agreed to pay the civil penalty to settle charges that it had misled investors with some fraudulent accounting in 2002 and 2003. (Tue, 04 Aug 2009 15:31:52 GMT)

General Electric Settles SEC Accounting Probe
General Electric on Tuesday said it settled four separate accounting matters with the Securities and Exchange Commission, paying a fine of $50 million. (Tue, 04 Aug 2009 16:36:53 GMT)

GE fined after accounting probe
General Electric will pay a fine of $50m after being accused of improper accounting in order to make its results look better. (Tue, 04 Aug 2009 23:21:55 GMT)

General Electric charged in accounting fraud
The Securities and Exchange Commission on Tuesday charged General Electric with committing accounting fraud spanning several years. (Wed, 05 Aug 2009 03:21:17 GMT)

SLED chief: Old accounting system 'a joke'
CHARLESTON, S.C. (AP) — There’s a controversy over the South Carolina State Law Enforcement Division budget, with SLED Chief Reggie Lloyd calling the agency’s old accounting system “a joke.” (Wed, 05 Aug 2009 05:56:38 GMT)

GE to pay $50 million to settle accounting allegations
The SEC says the company bent the rules to make its financial results appear more attractive to investors. General Electric Co. will pay a $50-million civil penalty to settle charges by the Securities and Exchange Commission accusing the conglomerate of improper accounting to make its financial results appear more attractive to investors. (Wed, 05 Aug 2009 07:26:40 GMT)

Improper accounting nets penalty for GE
General Electric Co. will pay a $50 million civil penalty to settle charges by the Securities and Exchange Commission accusing the conglomerate of improper accounting in order to make its financial results ... (Wed, 05 Aug 2009 07:43:14 GMT)

United Biscuits Partners with Genpact to Optimize its Finance & Accounting Operations
NEW YORK & GURGAON, India----Genpact , a leader in the globalization of services and technology and a pioneer in managing business processes for companies around the world, today announced it has been awarded a five year contract to provide multiple finance and accounting services for United Biscuits , a leading European manufacturer and marketer of biscuits, cakes and snacks. (Wed, 05 Aug 2009 13:00:00 GMT)

Judge extends time for DBSI accounting inquiry
A federal judge agreed to give an investigator more time to scrutinize the past transactions and accounting records of DBSI Inc., the Idaho-based real estate company accused of defrauding hundreds of investors nationwide. (Wed, 05 Aug 2009 14:26:21 GMT)

Judge extends time for DBSI accounting probe
BOISE (AP) — A federal judge on Tuesday agreed to give an investigator more time to scrutinize the past transactions and accounting records of DBSI Inc., the Idaho-based real estate company accused of defrauding hundreds of investors nationwide. (Wed, 05 Aug 2009 18:43:26 GMT)

Broadway Producers Sentenced for Accounting Fraud
Garth Drabinsky, a theater impresario who brought Ragtime, Kiss of the Spider Woman, and a revival of Showboat to the Broadway stage, has been sentenced to seven years for accounting fraud. (Wed, 05 Aug 2009 22:15:53 GMT)

Tidwell forms accounting firm
Barry Tidwell, formerly a managing principal in the Reznick Group accounting firm, announced he has opened the Tidwell Group, an accounting and business advisory firm. (Thu, 06 Aug 2009 09:14:53 GMT)

Greenberg agrees to settle SEC charges on AIG accounting
Maurice "Hank" Greenberg, former chief executive of American International Group, has agreed to pay $15 million to settle charges related to an accounting scandal, the Securities and Exchange Commission said Thursday. (Thu, 06 Aug 2009 22:37:00 GMT)

Accounting error results in $5.6 million reserve
Associated Press - August 7, 2009 4:05 AM ET FREDERICKSBURG, Va. (AP) - An accounting error within the Stafford County school system resulted in a $5.6 million surplus that went unnoticed for... (Fri, 07 Aug 2009 08:09:32 GMT)

South Africa: Accounting Proposals Will Simplify Financial Statements ...
Johannesburg — NEW proposals on accounting for financial instruments will help investors and other stakeholders understand financial statements. (Fri, 07 Aug 2009 09:48:31 GMT)

MOF drafts international accounting standards roadmap
China's Ministry of Finance (MOF) has drafted a road map for the country to adopt international accounting standards, and the Ministry will solicit public opinions on the draft at a later time, Shanghai Securities News said today. The road map will make clear the principals, content, procedure and timeline for the Chinese accounting standards to follow the international standards "in a ... (Fri, 07 Aug 2009 10:21:43 GMT)

City accounting, consulting firm looks to expand
A Fort Wayne accounting and consulting firm wants to build a $1.9 million headquarters on Illinois Road, creating five jobs with an annual salary of $50,000. (Fri, 07 Aug 2009 11:30:51 GMT)

Accounting error ends in $5.6M reserve
FREDERICKSBURG, Va. (AP) - An accounting error within the Stafford County school system resulted in a $5.6 million surplus that went unnoticed for two years. (Fri, 07 Aug 2009 12:58:19 GMT)

SEC Charges Hank Greenberg and Howard Smith for Roles in Alleged AIG Accounting Violations
The Securities and Exchange Commission charged former American International Group Chairman and CEO Maurice "Hank" Greenberg and former Vice Chairman and CFO Howard Smith for their involvement in numerous improper accounting transactions that inflated AIG's reported financial results between 2000 and 2005. (Fri, 07 Aug 2009 13:17:40 GMT)

Colonial BancGroup says feds conducting criminal investigation over accounting irregularities
MONTGOMERY, Ala. - Colonial BancGroup says it is under criminal investigation by the Department of Justice over alleged accounting irregularities at its mortgage warehouse lending unit. (Fri, 07 Aug 2009 14:00:38 GMT)

Montgomery-based Colonial BancGroup faces criminal probe for alleged accounting irregularities
Colonial BancGroup said this morning it is under investigation by the federal Department of Justice centered on its mortgage warehouse and alleged accounting problems there. (Fri, 07 Aug 2009 14:03:53 GMT)

Colonial Banc Group says it faces criminal investigation on its accounting
Colonial BancGroup said Friday it is under criminal investigation by the Department of Justice over alleged accounting irregularities at its mortgage warehouse lending unit. (Fri, 07 Aug 2009 14:48:30 GMT)

Former AIG Execs to Pay $16.5M for Accounting Violations
Former American International Group chairman and CEO Maurice Hank Greenberg and former vice chairman and CFO Howard Smith have agreed to pay $15 million and $1.5 million, respectively, to settle SEC charges that they were involved in improper accounting transactions that inflated AIG s financial results between 2000 and 2005. (Fri, 07 Aug 2009 18:15:54 GMT)

Huron Shareholders Sue over Accounting Scandal
Huron Consulting Group, a consulting firm set up by a group of former Arthur Andersen partners, is now facing a series of shareholder class-action lawsuits after admitting last week to accounting irregularities. (Fri, 07 Aug 2009 20:45:52 GMT)

Freddie Mac Swings To 2Q Profit On Accounting Adjustments
Freddie Mac (FRE) swung to a second-quarter profit on accounting adjustments and gains while the mortgage financier, which was placed under conservatorship in September to prevent its potential implosion, said it did not need more federal funds at this time. (Fri, 07 Aug 2009 21:09:35 GMT)

Rebecca has world’s highest marks in Accounting test
JOHOR BARU: While most fuss and grumble when it comes to numbers, 19-year-old Rebecca Ruphini Vincent, who scored the highest marks in the world in her Accounting B paper, modestly said it was because she had “a thing” for numbers. (Sat, 08 Aug 2009 00:45:03 GMT)

Audit: Kazanjian's 2007 campaign had accounting errors
LOWELL -- An audit of City Councilor Alan Kazanjian's 2007 election campaign by the state's Office of Campaign and Political Finance revealed a handful of accounting discrepancies, including the failure of the campaign to disclose two contributions and the inaccurate disclosure of receipts of $50 or less. (Sat, 08 Aug 2009 11:03:29 GMT)

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD INSPECTION REPORTS UPDATE
The Public Company Accounting Oversight Board has updated its audit firm inspection reports. (Sat, 08 Aug 2009 13:23:38 GMT)

NC State Accounting Professor Appointed to FASAB Board
D. Scott Showalter, teaching professor in the Department of Accounting at North Carolina State University College of Management and retired partner at KPMG LLP, was appointed to a five-year term on the Federal Accounting Standards Advisory Board (FASAB). His term began July 1, 2009. The appointment was announced recently by Tom Allen, FASAB chairman. (Sun, 09 Aug 2009 16:57:12 GMT)

Eli Mason, Leader in Accounting Ethics, Is Dead at 88
A defender of small and midsize accounting firms and a benefactor of Baruch College of the City University of New York. (Mon, 10 Aug 2009 00:46:45 GMT)

Effects will be felt well beyond accounting industry
Accountants aren’t the only ones who have to learn new way of doing business under International Financial Reporting Standards. The companies they work for, public and private, also face a learning curve. (Mon, 10 Aug 2009 04:52:27 GMT)

The U.S.’s impending adoption of IFRS will have sweeping effects on the accounting industry and beyond
Although the timetable for mandatory adoption of International Financial Reporting Standards is yet to be determined, accounting professionals across the region are gearing up for sweeping changes in how publicly traded companies report everything from revenue to research and development expenses. (Mon, 10 Aug 2009 04:53:07 GMT)

Gap narrows between Big 4, regional accounting firms
Accounting firms are adjusting their fees to retain clients in a competitive environment as bankruptcies increase and more companies cease operations. (Mon, 10 Aug 2009 04:53:17 GMT)

Forensic accounting probes fraud cases
Forensic accounting has gained prominence as fraudsters and Ponzi scheme artists crowd the front pages of newspapers, but the practice existed long before the turmoil of the last year, the corporate scandals of the early 2000s, or even the savings and loan crisis of the 1980s. (Mon, 10 Aug 2009 04:53:27 GMT)

The SEC Robbed Shareholders
The SEC charged Bank of America with giving a misleading proxy to shareholders and accused GE of accounting fraud. Both companies settled, and guess who paid the bill? (Mon, 10 Aug 2009 05:54:58 GMT)

Accounting change beneficial to banks
A controversial change in accounting rules earlier this year has allowed banks to claim billions of dollars in additional earnings simply by tweaking their bookkeeping, greatly enhancing the appearance that the industry is returning to health. (Mon, 10 Aug 2009 12:11:45 GMT)

General Electric comes clean
When General Electric paid $50 million last week to settle civil fraud charges brought by the Securities and Exchange Commission, we may have witnessed a turning point for the company. While the settlement vindicated critics who have long claimed that GE pushes the accounting envelope, it also showcased moves the company has made to become more transparent and open. (Mon, 10 Aug 2009 14:11:08 GMT)

Becker Professional Education and Howard University School of Business Center for Accounting Education Enter ...
OAKBROOK TERRACE, Ill.----Becker Professional Education, a subsidiary of DeVry Inc. , today announced a partnership with the Howard University School of Business Center for Accounting Education . (Mon, 10 Aug 2009 14:32:00 GMT)

Lee Graul Named BDO’s Director of Accounting
BDO Seidman has selected Lee Graul to succeed the late Ben Neuhausen as the firm s national director of accounting. (Mon, 10 Aug 2009 16:45:53 GMT)

GE's Accounting Tricks and the SEC's Injustice
August 2009 On August 4 the SEC accused General Electric of accounting fraud. Specifically, the SEC cited GE on four violations. First was an omission to expense $200 million with respect to its commercial paper funding program. (Mon, 10 Aug 2009 17:56:38 GMT)

Using IT to Automate 1C-Accounting
Most of the accounting departments in Russia use the popular 1C system for their accounting and taxation. One could even say 1C almost has a monopoly. (Mon, 10 Aug 2009 20:49:12 GMT)

Clive Peeters hit by accounting scandal
ASX-listed retailer, Clive Peeters (ASX:CPR) has begun legal proceedings against one of its own staff members for an alleged multi-million dollar accounting fraud. (Tue, 11 Aug 2009 02:14:07 GMT)

Travis High UIL Accounting Team takes top honors
The Travis High School University Interscholastic League accounting team has taken top honors in several recent district, state and regional competitions. (Tue, 11 Aug 2009 06:26:31 GMT)

Uganda: Moroto Accounting Officers Urged to be Transparent
The Moroto Municipality deputy mayor has appealed to accounting officers in the district to promote transparency while handling government funds. Ms Magret Norman Lomonyang said this would stop the mismanagement of government funds. (Tue, 11 Aug 2009 09:31:40 GMT)

SEC investigating Huron for accounting errors
Huron Consulting Group Inc , whose shares plunged in the wake of an accounting scandal, said it is being investigated by the U.S. Securities and Exchange Commission for acquisition-related payments and will delay filing its latest quarterly report. (Tue, 11 Aug 2009 11:21:48 GMT)

Huron Discloses SEC Accounting Probe
Huron Consulting Group announced it is under investigation by the Securities and Exchange Commission for acquisition-related payments and will delay filing of its latest quarterly report. (Tue, 11 Aug 2009 12:46:45 GMT)

SEC investigating Huron accounting errors
The U.S. Securities and Exchange Commission is investigating recently disclosed accounting errors at Huron Consulting Group that is forcing the Chicago-based firm to restate more than three years of earnings, the company said Tuesday. (Tue, 11 Aug 2009 14:05:02 GMT)

(AFX UK Focus) 2009-08-11 16:52 UPDATE 3-U.S. SEC investigating Huron for accounting errors
BANGALORE, Aug 11 (Reuters) - Huron Consulting Group Inc , whose shares plunged in the wake of an accounting scandal, said the U.S. Securities and Exchange Commission is investigating it for acquisition-related payments, and it will delay filing its latest quarterly report. The probe follows an earlier SEC inquiry about the consulting firm's allocation of chargeable hours, an area the company ... (Tue, 11 Aug 2009 16:20:28 GMT)

Accounting change sends Neoprobe to $15M loss in 2Q
An accounting-related charge sent Neoprobe Corp. to a loss of more than $15 million in the second quarter, a period when the company also saw development costs jump as it advanced two key products. (Tue, 11 Aug 2009 21:46:48 GMT)

CSULB professor recieves award from accounting group
John Lacey, a professor at California State University, Long Beach, has received the 2008-09 Outstanding Accounting Educator Award from the California Society of Certified Public Accountants. (Tue, 11 Aug 2009 23:40:04 GMT)

Call for collaboration on accounting system changes
PROPOSED changes to accounting practices should benefit companies but further collaboration is needed before they are made law, according to financial advisers Deloitte. (Wed, 12 Aug 2009 01:18:45 GMT)

Watchdog: Accounting Tied to Lack of Loan Modification
In the Gordian knot that is the financial crisis, there’s a surprising thread that connects many of the most intr... (Wed, 12 Aug 2009 01:57:56 GMT)

S.E.C. Investigating Huron for Accounting Errors
Huron Consulting Group , whose shares plunged in the wake of an accounting scandal, said it is being investigated by the U.S. Securities and Exchange Commission for acquisition-related payments and will delay filing its latest quarterly report. (Wed, 12 Aug 2009 09:22:18 GMT)

A New Day is Dawning For Women in Accounting
"We have to banish complacency and embrace change so we can awaken the power of women in our firms." (Wed, 12 Aug 2009 13:15:52 GMT)

Revenge of the Accounting Authorities?
The Financial Accounting Standards Board (FASB) took plenty of heat in April for loosening mark-to-market guidelines, a move that critics assailed as a gift to the financial industry and a nod to political pressures. (Wed, 12 Aug 2009 14:45:52 GMT)

Sikich Ranks Among Top 100 Largest Accounting Firms in the Nation
AURORA, IL--(Marketwire - August 12, 2009) - Sikich LLP, a public accounting and consulting firm, has been recognized as an industry leader by INSIDE Public Accounting (IPA), one of the longest running, most accurate and up-to-date rankings of the nation's largest accounting firms. In the IPA listing of the 2009 Top 100 Accounting Firms, Sikich ranks 68th largest in the nation, up from 74th in ... (Wed, 12 Aug 2009 16:28:40 GMT)

(AFX UK Focus) 2009-08-12 17:39 BRIEF-Terex to pay $8 mln to settle SEC accounting fraud charges
WASHINGTON, Aug 12 (Reuters) - The U.S. Securities and Exchange Commission: * Says it charged Terex Corp with accounting fraud, and that Terex agreed to settle the accusations and pay a penalty of $8 million. * Says settlement resolves accusation that Terex aided a fraudulent accounting scheme at United Rentals for two year-end transactions to meet earnings forecasts. * Says settlement also ... (Wed, 12 Aug 2009 16:48:59 GMT)

Revenge of the Accounting Authorities?
The Financial Accounting Standards Board took plenty of heat in April for loosening mark-to-market guidelines, a move that critics assailed as a gift to the financial industry and a nod to political pressures. (Wed, 12 Aug 2009 17:07:03 GMT)

Colonial Bancgroup tells SEC it can't file 2Q report due to accounting irregularities
MONTGOMERY, ALA. — Colonial Bancgroup has advised the Securities and Exchange Commission it will not be able to file a second-quarter financial report because of alleged accounting irregularities now being investigated. (Wed, 12 Aug 2009 17:39:59 GMT)

Accounting Firms Cope with Recession Pressures
Rebecca Ryan, CEO of Next Generation Consulting, calls them the Giant Brain People, a term probably equivalent to the Dream Team in the accounting profession. (Wed, 12 Aug 2009 20:00:53 GMT)

(AFX UK Focus) 2009-08-13 02:15 UPDATE 1-Accounting change boosts NetEase 2nd qtr revenue
SAN FRANCISCO, Aug 12 (Reuters) - No. 2 Chinese online games operator NetEase.com Inc reported financial results that beat Wall Street expectations, but the results were sweetened by accounting changes and currency benefits. Shares of NetEase, which have more than doubled since the start of the year, were down 65 cents at $46 in after hours trade. NetEase said on Wednesday that revenue in the ... (Thu, 13 Aug 2009 01:35:24 GMT)

Accounting error threatens school jobs
BOURNE – Residents angry over a school department accounting error called for “heads to roll” at an emergency board of selectmen meeting Wednesday afternoon. (Thu, 13 Aug 2009 04:36:08 GMT)

Accounting society honors Amarilloan
[The Texas Society of Certified Public Accountants recently honored Amarillo certified public accountant Jerry D. McMillon with the organization's Young CPA of the Year award. The Young CPA of the Year award recognizes a CPA younger than 39 for contributions to the accounting profession and the community. (Thu, 13 Aug 2009 05:04:13 GMT)

LECTURERS (LEVEL B) ACCOUNTING AND/OR FINANCE; ECONOMICS AND/OR FINANCE
Overview The School of Accounting, Finance and Economics (SAFE) is one of four schools that make up the Faculty of Business and Law. The school delivers professionally accredited courses in accounting and finance at undergraduate and postgraduate levels with strong supporting streams in economics and banking. (Thu, 13 Aug 2009 14:53:36 GMT)

SEC CHARGES TEREX CORPORATION WITH ACCOUNTING FRAUD
The Securities and Exchange Commission today charged Terex Corporation, a Westport, Conn.-based heavy equipment manufacturer, with accounting fraud for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company. (Thu, 13 Aug 2009 16:08:36 GMT)

Universal Accounting Named to Inc. 5000 List of Fastest Growing Private U.S. Companies
SALT LAKE CITY Universal Accounting , the nations largest training center for accounting, bookkeeping and tax preparation with its Profit Expert Programs , was recognized by Inc.... (Thu, 13 Aug 2009 17:08:26 GMT)

Limited rebate for carbon accounting software
TRIRIGA, which develops enterprise software for tracking various sustainability initiatives, is running a promotion offering a 100 percent rebate on its TREES Metrics carbon accounting software. (TREES stands for TRIRIGA Real Estate Environment Sustainability.) The idea is to give senior managers a taste of the sort of... (Thu, 13 Aug 2009 17:45:24 GMT)

FASB Weighs Expanding Fair-Value Accounting to Loans (Update2)
Aug. 13 (Bloomberg) -- The Financial Accounting Standards Board will consider expanding fair-value rules to loans, a step that might accelerate banks’ recognition of losses and trigger lower earnings and book values. (Thu, 13 Aug 2009 19:30:25 GMT)

Trustee targets legal, accounting advisers
The trustee in the Cedar Funding bankruptcy is zeroing in on the legal and accounting advice given to the real estate investment company. In recent filings in U.S. (Fri, 14 Aug 2009 08:49:40 GMT)

South Africa: Accounting Needs Convergence On Global Standards - Summit
Johannesburg — GOVERNMENTS and regulators of the accounting profession need to set up initiatives to promote convergence on global accountancy and auditing standards. (Fri, 14 Aug 2009 09:30:49 GMT)

Fair-Value Accounting Is ‘Horror Flick Monster’: Chart of Day
Aug. 14 (Bloomberg) -- Investors should beware the Financial Accounting Standards Board’s decision yesterday to consider expanding fair-value rules, said Brian Wesbury , chief economist at First Trust Advisors LP in Wheaton, Illinois. (Fri, 14 Aug 2009 15:27:48 GMT)

Mega Merger of Accounting Firms Predicted
Accounting firm M&A specialist Allan Koltin predicts a mega-merger will take place within the profession before the end of the year. (Fri, 14 Aug 2009 17:00:53 GMT)

Redmond LWTC to operate Accounting program this fall
Lake Washington Technical College's Redmond campus will be the hosting the school's new Accounting program this fall. 'We've just gone through a whole revamping of the program,' said program specialist Bopha Cheng. 'It's more competitive with the programs offered at other community colleges.' (Fri, 14 Aug 2009 19:14:19 GMT)

Five Star Staffing & Accounting Recruiters announces Donna Peery as President of GR-NAWBO
RALEIGH, N.C. – Donna Peery, principal of Five Star Staffing & Accounting Recruiters, an award winning staffing firm in the Triangle specializing in Administrative and Accounting professional placements. is the 2009-10 president of the Greater Raleigh Chapter of The National Association of Women Business Owners (NAWBO). (Fri, 14 Aug 2009 22:39:41 GMT)

Ping An of China says 1H net profit falls 45% under int'l accounting rules
Ping An Insurance (Group) Company of China Ltd., the country's second largest insurer by market value, said Friday that its first-half net profit fell 45 percent to 5.22 billion yuan (767.6 million U.S. dollars) under international accounting rules. The drop in profit, down from 9.49 billion yuan a year earlier, was mainly a result of lower investment returns, higher payouts for claims and tax ... (Sat, 15 Aug 2009 02:22:14 GMT)

Bourne accounting error costs teacher jobs
An accounting error in the Bourne School District budget for last school year resulted in overspending and forced the district to lay off four teachers and a nurse yesterday, the district’s superintendent said. (Sat, 15 Aug 2009 04:29:38 GMT)

Innovation - automating accounting for 20m enterprises.. - community blog from Bo Harald
Innovation - automating accounting for 20m enterprises.. The EC drive to reduce administrative costs by 25% in SMEs by 2012 is surely worth all support - especially as SMEs represent 63% of turnover. (Sat, 15 Aug 2009 12:10:00 GMT)

Citibank clears up credit card accounting on TV purchase from Sears
The first television broke before Benjamin Ramos Jr. even got it home, so he returned it to the Sears store in Calumet City the same day. (Sat, 15 Aug 2009 17:53:16 GMT)

FRBM II needed to cut scope for 'creative accounting': IMF
Washington, Aug 16 (PTI) Expressing concern at the rising fiscal deficit, the IMF has said that there should be a successor to the Fiscal Responsibility and Budget Management (FRBM) Act to reduce the scope for window dressing in government finances. (Sun, 16 Aug 2009 06:01:56 GMT)

Reform FRBM to cut scope for creative accounting: IMF
WASHINGTON: Expressing concern at the rising fiscal deficit, the IMF has said that there should be a successor to the Fiscal Responsibility and Budget Management (FRBM) Act to reduce the scope for window dressing in government finances. (Sun, 16 Aug 2009 09:10:02 GMT)

FRBM-II needed to cut scope for creative accounting: IMF
Expressing concern at the rising fiscal deficit, International Monetary Fund has said there should be a successor to the Fiscal Responsibility & Budget Management Act to reduce the scope for window dressing in government finances. (Sun, 16 Aug 2009 21:51:10 GMT)

Analyzing Accounting Transactions
Analyzing accounting transactions involves simple steps that can make a difference in the quality of the financial information. (Mon, 17 Aug 2009 02:47:12 GMT)

Accounting Standards Review Board appointments
Michele Embling, Simon Carey, and Graeme Mitchell have been appointed to the Accounting Standards Review Board, Commerce Minister Simon Power announced today. (Mon, 17 Aug 2009 05:20:25 GMT)

GCC Accounting and Auditing Organisation board holds 14th meet
GCC Accounting and Auditing Organisation board holds 14th meet (Mon, 17 Aug 2009 06:12:10 GMT)

Blominvest Saudi Arabia selects Thomson Reuters enterprise-wide investment accounting system
Thomson Reuters today announced that the Lebanese investment firm Blominvest Saudi Arabia (licensed by the CMA) has gone live with Thomson Reuters Portia, the industry's most powerful enterprise-wide investment accounting system. (Mon, 17 Aug 2009 09:18:53 GMT)

Drive for accounting convergence slows, G20 key
The credit crisis is hindering as well as helping the drive to create a globally accepted set of accounting rules, and it may take intervention by world leaders to keep the effort on track. (Mon, 17 Aug 2009 10:44:00 GMT)

The BPO Outlook: Mostly Cloudy With Patches of Sun
Five years ago, megadeals were all the rage in the business process outsourcing (BPO) world. Global players such as IBM, Accenture, ACS and CSC were racking up billion-dollar multiyear contracts, mainly for accounting, human resource and procurement functions. Now that's changing. (Mon, 17 Aug 2009 12:07:56 GMT)

Another View: Shanghai-ed Profits
Mark Dixon, co-founder of mergers and acquisitions adviser the1.com, unwittingly unearthed some Chinese accounting tricks while valuing a local company. (Mon, 17 Aug 2009 14:07:19 GMT)

Lebanese Investment Firm Deploys Thomson Reuters Accounting System
Portia software offers Shariah compliance and English and Arabic reporting. (Mon, 17 Aug 2009 14:57:59 GMT)

City to vote on keeping accounting firm contract
The city of Macon likely will re-up its contract with Mauldin & Jenkins this evening, keeping the local accounting firm in charge of various annual audits for the fiscal year that recently ended. (Tue, 18 Aug 2009 04:01:04 GMT)

State freezes $2.35 million in grants for Stroger job-training program
The state is freezing $2.35 million in grant money for Cook County President Todd Stroger's job training program after a probe raised questions about spending and accounting practices at the office. The Illinois Department of Commerce and Economic Opportunity is also demanding the county program -- named the President's Office of Employment and Training, or POET -- return $1.8 million in ... (Tue, 18 Aug 2009 11:09:34 GMT)

USF accounting students honored
The University of South Florida’s chapter of Beta Alpha Psi, an honors organization for financial information students and professionals, has been named one of the inaugural KPMG Gold chapters by the international organization. (Tue, 18 Aug 2009 13:46:17 GMT)

$12.3M allegedly siphoned by financier Earl Jones: accounting firm
Disgraced financier Earl Jones siphoned $12.3 million out of the Earl Jones Corp. between 1987 and 2009, according to an accounting firm's report made public Tuesday. (Tue, 18 Aug 2009 16:18:00 GMT)

Senior Accountants Expect to Do Less Accounting
CFOs and senior-level accountants anticipate spending more of their time five years from now on non-accounting functions, according to a new survey. (Tue, 18 Aug 2009 18:16:47 GMT)

Accounting Convergence Efforts Start to Sputter
The drive to converge accounting standards globally seems to be hitting some unexpected snags, not only in the U.S., but other parts of the world. (Tue, 18 Aug 2009 21:16:03 GMT)

Resources Connection names COO
Resources Connection Inc., which provides staffing services for accounting and finance firms, named a new chief operating officer on Tuesday. (Tue, 18 Aug 2009 22:08:53 GMT)

Lean Accounting's Quest For Acceptance
Despite growing interest, proponents say there's still a long way to go before lean accounting becomes a mainstream practice. (Wed, 19 Aug 2009 07:45:53 GMT)

FASB Weighs Disclosures Fought by Citigroup, JPMorgan (Update1)
Aug. 19 (Bloomberg) -- The U.S. accounting rulemaker is reviving discussion on a proposal to require more disclosure of potential losses from lawsuits after opposition from Citigroup Inc. (Wed, 19 Aug 2009 14:14:52 GMT)

Minnesota to raise $75 million for new accounting, tax collection systems
ST. PAUL, MINN. — Minnesota is raising $75 million from investors to pay for new technology. The Minnesota Management and Budget Department says the money will pay to replace the state's 14-year-old accounting system and complete an integrated system to improve tax collections. (Wed, 19 Aug 2009 15:27:29 GMT)

Accounting Management Solutions Named to Inc. Magazine Fastest-Growing Private Companies List for Fourth Consecutive ...
Accounting Management Solutions, Inc. , a leading provider of outsourced accounting, financial management, and consulting services for private, public, and nonprofit organizations, has been named to the 2009 Inc. 5000, Inc. magazine's annual ranking of the fastest-growing private companies in the United States, for the fourth consecutive year. (Wed, 19 Aug 2009 16:33:00 GMT)

Accounting Sector Optimistic of Economic Recovery
The New Zealand Institute of Chartered Accountants revealed today that accounting professionals throughout the country are optimistic about an economic recovery in the coming months, despite continuing to experience pressures on income and expenditure. (Wed, 19 Aug 2009 22:32:09 GMT)

Enhanced Reporting Drives DEACOM ERP Accounting Software Version 11.0
Deacom has added new reporting functionality to the latest version of its ERP accounting software system. (Thu, 20 Aug 2009 07:01:00 GMT)

The Five Reasons Why 97% of Day Traders Fail Within Their First 18 Months! How Traders Accounting is Helping Traders ...
Reason #2: Education and Training -- Traders Accounting has been providing free webinars presented by Master Traders that will help anyone who is actively trading in the markets. You can find a complete schedule of training events and online registration by visiting the web site at www.tradersaccounting.com in the Master Trader Pro Webinar section. (Thu, 20 Aug 2009 07:01:00 GMT)

Ex-deputy pleads to false accounting
Associated Press - August 20, 2009 7:44 AM ET BATON ROUGE, La. (AP) - A former East Baton Rouge Parish sheriff's deputy accused last year of falsifying time-sheets has pleaded guilty and put on... (Thu, 20 Aug 2009 11:46:31 GMT)

Ex-deputy pleads to false accounting
BATON ROUGE, La. -- A former East Baton Rouge Parish sheriff's deputy accused last year of falsifying time-sheets has pleaded guilty and put on probation for a year. (Thu, 20 Aug 2009 11:47:22 GMT)

VSCPA Pledges Funds to Accounting Doctoral Scholars Program
It s no secret there is a growing crisis at the country s colleges and universities - a lack of academically qualified accounting faculty threatens the pipeline of future accounting students. (Thu, 20 Aug 2009 13:45:57 GMT)

Auditors say MoD has £6.6 billion accounting hole
Some 6.6 billion pounds worth of military hardware, some used by frontline troops in Afghanistan, cannot be traced, the National Audit Office (NAO) said on Thursday in its annual report on UK defence spending. (Thu, 20 Aug 2009 14:42:00 GMT)

Ninety-nine Percent of Corporate Real Estate Executives are Unprepared for Proposed FASB/IASB Lease Accounting Changes
Corporate real estate executives are substantially unprepared for a proposed major change in national and international accounting treatment of real estate lease obligations, according to a recent survey by Jones Lang LaSalle and CoreNet Global that revealed 99 percent of respondents had not fully evaluated the impact the proposed change would have on their financial statements and operations. (Thu, 20 Aug 2009 19:20:00 GMT)

Accounting and Finance Industry Gets a Leg Up at National CPE Expo
As hope for a speedy recovery looms over the nation, the National Association of State Boards of Accountancy NASBA is offering accounting and finance professionals an opportunity to tackle the new economy. NASBA will host its 2009 National CPE Expo, September 21-23 in San Antonio, Texas. Identified as a recession-proof profession, the accounting industry has been less affected by the recent... (Thu, 20 Aug 2009 20:46:07 GMT)

Bassett Reports SEC Accounting Review Close to Completion
BASSETT, Va. -- Bassett Furniture Industries, Inc. today announced that its triennial accounting review by the Securities and Exchange Commission is close to being completed. As previously announced, Bassett had received comment letters from the Commission during the second and third quarters of 2009, relating to Bassett's Form 10-K for the year ended November 29, 2008 and Form 10-Q for the ... (Thu, 20 Aug 2009 23:00:00 GMT)

Universal Accounting Recommends Tax Preparers Study Up for Pending Regulations
Salt Lake City Universal Accounting , the nations largest training center for accounting, bookkeeping and tax preparation with its Profit Expert Programs , recommends professional tax preparers... (Fri, 21 Aug 2009 01:39:46 GMT)

Enhanced Reporting Drives DEACOM ERP Accounting Software Version 11.0
Version 11.0 of Deacom, Inc.'s DEACOM Integrated Accounting and Enterprise Resource Planning (ERP) Software System includes new functionality that provides ERP accounting software users in the building component and process manufacturing industries with enhanced internal and external reporting abilities (Fri, 21 Aug 2009 07:07:22 GMT)

Scandinavian Airlines Awards Finance and Accounting Business Process Outsourcing Contract to Accenture
STOCKHOLM----Accenture will provide Scandinavian Airlines with finance and accounting business services in Western Europe under a seven-year business process outsourcing agreement. (Fri, 21 Aug 2009 08:00:00 GMT)

Deloitte Welcomes Irish Accounting Standard Proposals,
While the Accounting Standards Board’s proposals to abolish UK and Irish GAAP in favor of adopting IFRS is expected to be observed as controversial, Deloitte has underlined that it could ultimately be beneficial for Ireland’s small, export-led economy. (Fri, 21 Aug 2009 08:43:21 GMT)

New accounting office opens in Salisbury
SALISBURY -- Philip P. Wheatley, a certified public accountant, officially opened his new public accounting office at the Fountains Business Center on Thursday. (Fri, 21 Aug 2009 12:30:57 GMT)

Sikich Named "Killer VAR" by Accounting Today
AURORA, IL--(Marketwire - August 21, 2009) - Accounting Today and Accounting Technology magazine has selected Sikich as one of only six companies named to the list of "Killer VARs." The list is comprised of value-added resellers (VARs) which represent a broad range of accounting software solutions. The chosen VARs have displayed innovative revenue-generating offerings, more efficient workflow ... (Fri, 21 Aug 2009 13:36:17 GMT)

Scandinavian Airlines awards finance and accounting BPO contract to Accenture
Accenture will provide Scandinavian Airlines (SAS) with finance and accounting (F&A) business services in Western Europe under a seven-year business process outsourcing (BPO) agreement. (Fri, 21 Aug 2009 21:26:59 GMT)

Accounting error led to $3.89M court deficit
An accounting error by the San Mateo County Superior Court — and not just state cutbacks — is partially to blame for the $3.89 million deficit that could hand up to 60 workers pink slips and challenge a system already bracing for monthly closures. (Sat, 22 Aug 2009 05:26:59 GMT)

Accounting errors could cost 60 San Mateo County court employees their jobs
While San Mateo County officials Thursday were telling the public that state budget cutbacks might force them to lay off as many as 60 court employees, the court's top executive was sending an e-mail to the employees admitting internal accounting errors are what put the department in the red. (Sat, 22 Aug 2009 07:26:34 GMT)

Ex-worker accuses accounting firm of tax fraud
A prominent Bay Area accounting firm might have some serious explaining to do, according to a $5 million suit filed by a former employee. The suit charges San Francisco's Shea Labagh Dobberstein of "violating their legal duties" in connection with tax returns... Sponsored Topics: San Francisco - United States - San Francisco Bay Area - California - Metro Areas (Sun, 23 Aug 2009 07:25:12 GMT)

Accounting firms plan merger
Two of the top 40 accounting and consulting firms in the country, Parente Randolph LLC and Beard Mil (Sun, 23 Aug 2009 08:00:44 GMT)

Dallas Housing Authority tightens accounting after federal audits
The Dallas Housing Authority has fixed problems cited in three federal audits, including sloppy bookkeeping, lack of financial safeguards and mismanagement that led to rent payments for people who had died, according to HUD. (Sun, 23 Aug 2009 14:46:53 GMT)

Accounting Implications of the Supreme Court Ruling in the Matter of the Merger of DBS Satellite Services Ltd. ("yes")
Bezeq The Israel Telecommunication Corp., Limited , Israel's leading telecommunications provider, made the following announcement further to the Company's immediate report on August 20, 2009, regarding the Supreme Court's ruling in the matter of the merger of the Company with yes, in which the Supreme Court accepted the appeal of the Antitrust Commissioner and resolved not to approve the merger: (Mon, 24 Aug 2009 07:21:00 GMT)

LSE probing AT Communications accounting issues
AT Communications, the collapsed technology company is being probed by the London Stock Exchange after accounting issues were brought to light. A previous director referred the case to the LSE, flagging up a number of alleged irregular book-keeping practices, The Times reported. (Mon, 24 Aug 2009 09:06:41 GMT)

State finds library's accounting a mess
GARY -- The Gary Public Library's financial records were in such disarray when state auditors examined them recently that no opinion could be reached on the state of finances there. Cash activity recorded in annual reports from 2006 and 2007 didn't match activity posted in a computerized financial system, according to the audit, and reported receipts and disbursements differed from deposits ... (Mon, 24 Aug 2009 09:14:24 GMT)

Accounting Implications of the Supreme Court Ruling in the Matter of the Merger of DBS Satellite Services Ltd. ("yes")
TEL AVIV, Israel, August 24 /PRNewswire-FirstCall/ -- Bezeq The Israel Telecommunication Corp., Limited (TASE: BEZQ), Israel's leading telecommunications provider, made the following announcement further to the Company's immediate report on August 20, 2009, regarding the Supreme Court's ruling in the matter of the merger of the Company with yes, in which the Supreme Court accepted the appeal of ... (Mon, 24 Aug 2009 11:05:26 GMT)