* INTERVIEW: Making the media world transparent Jun 16, 2008
In the public accounting profession, its called the peer review. We borrow that idea. (Taipei Times, Taiwan -- World)
NB2BC and AccountingWEB lay groundwork for ebusiness drive May 29, 2008
During the past year, Martin King-Turner of the National B2B Centre has been courting the accounting profession in a bid to push the adoption of ebusiness by UK firms. According to King-Turner, economic output could improve by 3-4% if small businesses optimised their use of information and communications technology (ICT) and ebusiness. (Accounting Web, UK)
Keeping the Woolf from your door. By Philip Turnbull May 23, 2008
Philip Turnbull, Chief Executive of the Association of International Accountants (AIA), takes a look at the Woolf Report following the corruption allegations surrounding BAE Systems and considers the implications for companies, the UK and the worldwide accounting profession ... As the world has shrunk, the pivotal role of a companys worldwide reputation has grown and the accounting profession has a key part to play in ensuring that a culture of transparency and good corporate governance is... (Accounting Web, UK)
U.S. House of Representatives Passes Tax Provision Essential to CPAs May 22, 2008
Provision Included in Extenders Bill Would Equalize Tax Preparer and Taxpayer Tax Return Reporting Standards WASHINGTON, May 21 /PRNewswire-USNewswire/ -- The U.S. House of Representatives passed a bill that includes a provision the accounting profession and the American Institute of Certified Public Accountants have supported that would equalize the tax return reporting standards for tax preparers and taxpayers. "Today's action by the House is a significant step forward in our fight to solve a... (PR Newswire)
Age discrimination rife in accountancy May 21, 2008
Both companies and the accounting profession need to take a tougher and more pro-active stance to prevent any form of discrimination in the workplace taking place. . (Accounting Web, UK)
Bank Of England Optimistic About Losses? May 17, 2008
Mark-to-market pricing, or "fair value" accounting, is strongly endorsed by the accounting profession. The BoE's report offers a different approach, with interesting implications. (Forbes -- Business)
SEC ready to mandate filing accounts in XBRL May 15, 2008
"They're helping us get better information from industry in the 21st century - once again we owe a great debt of gratitude to the accounting profession," Cox said. While EDGAR has made great contributions to furthering electronic filing and delivery, he continued, interactive data - commission-speak for XBRL - is a global language that knows no international boundaries, he added. (Accounting Web, UK)
Lagos, Osoba task Uwais panel on credible polls May 15, 2008
" The Chairman of the Lagos State Electoral Reform Committee, who said its findings on the general elections showed that the exercise was a "monumental fiasco," stressed that for the nation to witness a free and fair election, the Uwais panel should consider some of his body's recommendation which include: establishment of an Electoral Malpractice Enquiry body to oversee and investigate various complaints that may emanate; adjudication on each case at the election petition tribunal should not... (Guardian News, Nigeria)
Ten In-Demand Jobs May 6, 2008
Melancon says the accounting profession is trying to combat the shortage by dispersing Association members to colleges and high school career fairs. Their goal is to encourage students to consider careers in the field. (Forbes)
Audit dreams Mar 23, 2008
At that time in the accounting profession, one year of experience was required to become a licensed CPA. So I became aware through a friend in town that there was an opening in the Lake City auditor generals office. Its a satellite office connected to the Jacksonville office, Martin said. (Lake City Reporter, FL)
My Favourite Gadget: Digita conference delegates Mar 20, 2008
In an on-going quest to discover the devices and equipment that make the most difference to the accounting profession, technology editor John Stokdyk asked delegates at the recent Digita user conference to nominate their favourite gadgets. Jerry Rhill, DigitaGuitar Hero on the Nintendo Wii [pictured above - a somewhat rebellious choice of platform, considering his company's close relationship with Microsoft. (Accounting Web, UK)
Adopt sustainability reporting Mar 1, 2008
And with those standards, it endeavours to be a global leader in the accounting profession and to preserve public interest. Allen Blewitt. (The Star Online, Malaysia -- Business)
Mindshop - open for business! Feb 21, 2008
As a visitor to these shores, I asked Chris how he preceived the UK accounting profession. Without hesitation he replied that he finds UK accountants to be brighter, have a higher IQ, than their counterparts elsewhere in the English-speaking world - "but they're less street-wise." Their biggest blockage when it comes to selling consulting services. (Accounting Web, UK)
Intangibles and IFRS3: seen but not heard? Feb 8, 2008
Intangibles and IFRS3: seen but not heard. Intangibles must change to regain credibility, says Thayne Forbes, joint managing director of Intangible Business, the brand valuation consultancy. (Accounting Web, UK)
DART director Shaw resigns Jan 31, 2008
Shaw has been under fire for much of 2008 upon the disclosure of a personal contract with Deloitte & Touche, the independent auditor for DART. Shaw was paid $10,000 of a $20,000 contract to promote the accounting profession to minority high schools, but she failed to immediately disclose the contract; a Class C misdemeanor under Texas state law. In her resignation letter, Shaw expressed "mixed emotions.". (Dallas Business Journal, TX)
Accounting profession examines ways to keep its Md. recruiting numbers up Jan 28, 2008
Accounting profession examines ways to keep its Md ... Accounting profession examines ways to keep its Md ... That was the message put out last year by the Maryland Association of CPAs as it noted that enrollment in the state's four-year accounting programs continues to rise amid an assortment of activities designed to increase the accounting profession's appeal. (Washington Business Journal, DC)
McPherson College professor named vice-chair Jan 1, 2008
The KSCPA is a 2,600-member voluntary association dedicated to implementing strategies that enhance the well being of members, the accounting profession and the general public. McPherson College has been named one of America's best colleges by the U.S. News and World Report for two consecutive years. (McPherson Sentinel, KS)
Six-year investigation leads to fraud charge Dec 26, 2007
THE accounting profession may have a reputation for being dull and predictable but the May 2000 listing of Harts Australasia, a Brisbane company that aggregated small accountancy practices, gave its investors an unexpectedly wild ride. Now its founder, the aerobatics champion and one-time tax agent Steve Hart, faces a fraud charge over the float. (Sydney Morning Herald -- Business)
Time Warner Names Pascal Desroches Senior Vice President and Controller Dec 18, 2007
He is widely respected throughout the company and the accounting profession for his integrity, judgment and financial expertise. Im confident he will continue to play a key role in helping maximize the potential of our organization. (Yahoo! Wire -- Entertainment News)
Auditors talk governance at regional meet Dec 12, 2007
"We have observed the implementation of the U.S. Public Company Accounting Reform and Investor Protection Act of 2002 ... and we will discuss how (it) may have an impact on the accounting profession in ASEAN," Suyatno added. (nkn). (Jakarta Post, Indonesia -- Business)
Arizona CPAs give kudos to state Sen. Waring Nov 29, 2007
"The senator has a keen understanding of issues facing the accounting profession. Many of the issues, such as income taxes, impact most Arizona citizens," said ASCPA President and CEO Cindie Hubiak. The Arizona Society of Certified Public Accountants is the professional association for CPAs in Arizona, with more than 5,500 members. (Phoenix Business Journal, AZ)
Microsoft woos accountants Nov 20, 2007
Following the launch last week of in the UK, the company has set its sights on the accounting profession ... a complimentary license of Microsoft Office Accounting Professional 2008, plus. (Accounting Web, UK)
Illinois CPA Society Announces This Year's 'Women to Watch' Nov 16, 2007
CHICAGO, Nov. 15 /PRNewswire-USNewswire/ -- The Illinois CPA Society has announced this year's recipients of the third annual "Women to Watch" award which recognizes women who have made significant contributions to the accounting profession, their organizations, and the development of women leaders ... Ms. Fuller also oversees the firm's on-campus recruiting efforts and has been involved in professional development activities including those of the Illinois CPA Society that support the education... (PR Newswire)
Saying the unthinkable Nov 13, 2007
Or so it is after the gloomy reaction in Britain to the report last month from the Financial Reporting Council on possible relief for the accounting profession. Attention is now over to the United States, where wise heads are gathering, under the auspices of the U.S. Chamber of Commerce and the Treasury secretary, Henry Paulson Jr.. (International Herald Tribune -- Money Report)
Video: Deloitte Forensic Center Study Reveals 'Fraud Control Gap' Nov 7, 2007
In addition to encouraging a public dialogue on these issues, the DFC also will contribute to the development of the forensic accounting profession and raise its profile in discussions of issues of public importance. The DFC will accomplish its goals by bringing together leading professionals from a wide variety of backgrounds including business, academia, law, government and regulatory affairs. (PR Newswire)
No silver bullet, but a hail of lead: FRC audit choice proposals in full Oct 25, 2007
The accounting profession should work on improving information transfer between outgoing and incoming auditors. 7. (Accounting Web, UK)
Corporate governance: a Combined Code time-line. By Rob Lewis. Oct 17, 2007
1991The Financial Services Authority (FSA), the London Stock Exchange (LSA) and elements of the accounting profession set up the UK Committee on the Financial Aspects of Corporate Governance. It is headed by Sir Adrian Cadbury, a member of the Quaker dynasty behind Cadbury-Schweppes. (Accounting Web, UK)
PricewaterhouseCoopers 2007 Revenues Rise 10.5 Percent to $25.2 Billion Oct 1, 2007
In the 2007 Global Annual Review, Mr. DiPiazza says that the accounting profession has made an effective transition to a regulated business, based on continuous efforts to improve the quality of its people, its technical advice and its client service. He calls for convergence of overlapping regulatory systems, including registration, inspections and discipline, in order to cut complexity and cost without reducing protection for investors. (Primezone Releases)
UAW might be stingy with Viagra Sep 28, 2007
In other words, the Securities and Exchange Commission and the accounting profession required GM to assume that (a) its workers will live longer than they probably will, (b) that healthcare costs will rise faster than they probably will and (c) that the discount rate (the interest rate charged by the Federal Reserve to member banks), against which some invested assets are expected to appreciate, will remain lower than it probably will. If GM is right, the UAW should have enough money for the... (India Times)
HMRC gets a move on with PAYE penalties Sep 28, 2007
This caused howls of criticism from the accounting profession who saw the delay in HMRCs processing of PAYE and CIS returns as another indication that online services were anything but robust. Only time will tell whether most of the latest penalty notices have been issued accurately. (Accounting Web, UK)
UAW Might Be Stingy With Viagra Under New GM Deal: Doron Levin Sep 27, 2007
In other words, the Securities and Exchange Commission and the accounting profession required GM to assume that a) its workers will live longer than they probably will, b) that health-care costs will rise faster than they probably will and c) that the discount rate (the interest rate charged by the Federal Reserve to member banks), against which some invested assets are expected to appreciate, will remain lower than it probably will. If GM is right, the UAW should have enough money for the next... (Bloomberg -- Columnists)
A perfect match: merging your practice. By Rob Lewis Sep 26, 2007
If bigness is what it takes to have any say in the accounting profession, why then well concentrate on the first things first, said Leonard Spacek, a senior partner at the late and not particularly lamented Arthur Andersen. Well get big. (Accounting Web, UK)
Practice development networks - an overview. By Nigel Harris Sep 21, 2007
McKerlie and his team are primarily from a big firm management consulting background rather than from the accounting profession and their goal is to bring consulting skills to smaller firms. RAN ONE does provide subscriber firms with tools to provide strategic and management consulting to SME clients, but it also provides training to enable them to deliver consulting services, or service lines as they call them, to small businesses. (Accounting Web, UK)
In auditing, as in love, success depends on factors other than size Sep 3, 2007
The continued use of the big four auditing firms by large listed companies may not be in the interest of the development and efficiency of the accounting profession ... The continued use of the big four auditing firms by large listed companies may not be in the interest of the development and efficiency of the accounting profession. (Business Report, South Africa)
Markets expect bumpy road, but not recession Sep 3, 2007
Online Edition Powered By IOL. London - Ailing world stock markets are aiming to claw back more of the losses caused by fears of a credit crunch, but investors will start the week fearing more volatile trading. (Business Report, South Africa)
First-year lawyers will get training off the clock Aug 24, 2007
Started in 1950sBillable hours is a concept borrowed from the accounting profession. It's the practice of charging a client for a service based on the time it took to complete. (Atlanta Journal-Constitution -- Business)
Local word has impact Aug 12, 2007
Already, Bartz has researched transportation issues across the state, as well as polling his peers in the accounting profession for their view on the state s current and ongoing economic expansion. He spends several hours apiece on the questions he s assigned, and admits that in addition to the responsibility of contributing to national policy, the fact that he ll be sharing his findings with some of the country s top economists provides extra incentive to be thorough and well-versed on the... (Helena Independent Record)
Role of CFOs now more challenging Aug 10, 2007
She will also discuss issues facing the accounting profession. For more details, contact Asli at 03-20935393 or ACCA at 03-27135051. (The Star Online, Malaysia -- Business)
Breeding a cooler kind of bean-counter Jul 20, 2007
Another twist affecting the accounting profession has been the emergence of women. Men still dominate the business, yet women are catching up and are more than half of new entrants. (AZCentral -- Business)
Cash reporting targeted Jul 20, 2007
TORONTO With the income trust horse long gone from the barn, the accounting profession has completed its design for a stable door. The Canadian Institute of Chartered Accountants said yesterday it is issuing recommendations to standardize reporting of distributable cash, a key measure of income funds that until now has been subject to a wide latitude of interpretations. (Globe and Mail -- Business)
SC: All parties should play a role Jun 8, 2007
The SC was asked whether apart from enforcement action, it would review aspects of the framework every time particular issues surfaced and whether it felt there was a need to call in the auditing and accounting profession more widely in its review of overall corporate governance. On queries regarding any positive results from whistle blowing, it said: The whistle-blowing provisions have been instrumental in protecting persons who provide information to the SC on irregularities in public-listed... (The Star Online, Malaysia -- Business)
Digital Info Security Company to Showcase IT Solutions at AICPA Tech Plus Conference May 30, 2007
ABOUT THE AICPA The American Institute of Certified Public Accountants has been serving the accounting profession since 1887. FURTHER INFORMATION For additional information on DGIF, contact DGIF at 866-841-5970 or visit. (PR Newswire)
Securitising intangible assets. By Thayne Forbes May 16, 2007
Current accounting standards do not automatically mean that this is apparent, and so the challenge for the accounting profession is to identify such situations and act on them, notwithstanding the shortcomings in reporting. It also highlights the opportunities for banks and other financiers to offer new, more competitive, debt finance by taking advantage of the intangible assets suitable for supporting debt. (Accounting Web, UK)
Stock-options fraud often undetected May 6, 2007
It's a sad indictment of the accounting profession that we don't account for many frauds, said Dana A. Basney, director of forensic accounting services for the San Diego office of Mayer Hoffman McCann P.C., a nationwide CPA firm. Vencent A. Donlan, and his wife, Robin D. Colls Donlan, both 44-year-old teachers in local schools, were accused in civil lawsuits announced Thursday of fraudulently issuing Wireless Facilities stock options and selling them at a profit of more than $7. (San Diego Union-Tribune)
An accountant's guide to remote working. By Kevin Salter May 2, 2007
He is the author of , a practical guide for accounting professionals (40 PDF download). Kevin also produces , an online collection of gizmos, gadgets and software specially relevant to the accounting profession, which includes software for remote working. (Accounting Web, UK)
"Fresh start" for agent relationships as HMRC paves the way for interventions Apr 13, 2007
He spent years being highly critical of the accounting profession and has been at the fore front of the anti-avoidance disclosure regime, heading up HMRC throughout a period which has seen a marked deterioration of the HMRC/agent relationship, possibly as a result of both. He is now in charge of business relations and compliance. (Accounting Web, UK)
Rule changes might result in CPA searches Mar 26, 2007
Accounting Profession. Rule changes might result in CPA searches. (Birmingham Business Journal, AL)
Tsang survives first challenge to leadership (Nicholas Kralev) Mar 26, 2007
"The low-income members of our community don't feel that they have a fair share of the fruits of our economic development," said Paul Chan, an Election Committee member representing the accounting profession. "Even though the Hong Kong government spends more on education than on anything else, the quality of the output is not satisfactory," he said. (Washington Times)
Figures Don't Lie, But Liars Figure Mar 15, 2007
--A rules-based world has created a leviathan of a legal and accounting profession populated by modern-day Gnostics who feverishly interpret and re-interpret the rules in search of loopholes in exchange for fat fees. --Though the accountants tried to envisage a rule for every situation, the rules-reliant standards that are U.S. GAAP have failed to protect investors from corporate failures like Enron. (Forbes)
Zions Bancorp. Says Bag Black-Scholes for ESOARS: Graef Crystal Feb 8, 2007
Since the Financial Accounting Standards Board, the rulemaking body for the U.S. accounting profession, decreed in mid-2005 that companies had to charge their earnings for the cost of stock options, option usage has declined. Some companies have abandoned options altogether, though most have decreased the size of option grants in favor of awards of free shares or other forms of long-term incentive pay. (Bloomberg -- Columnists)
Top 10 technologies only begin to cover the topic Feb 7, 2007
The public accounting profession has a unique perspective into the inner workings and overall issues confronting business of all sizes and industries. So when the releases its annual listing of the top 10 technologies for the year, we all should take note and consider the likely future impact each of these technologies may have on our business. (Puget Sound Business Journal, WA)
Negotiate With the IRS Over Back Taxes Jan 30, 2007
However, Goller say it's the latest policy change that has sent a shiver through the legal and accounting profession: effective last July, anyone submitting an Offer in Compromise has to include a non-refundable partial payment for 20 percent of the amount they are offering as a settlement. Say you owe $50,000 in back taxes and penalties. (Fox News)
Longtime CPA promotes the profession to young Jan 12, 2007
Read on to learn more about McCoy and the accounting profession. THE INDUSTRY. (Albany Business Review, NY)
Brussels to be China's 1st overseas CPA exam center Jan 3, 2007
Wang Jun, vice minister of finance, said that having a European center for the CPA Uniform Examination is an important step for the Chinese accounting profession to implement its strategy of cultivating talents. "It will raise the profile of the CPA uniform exam and increase the number of CICPA's overseas members. It will also raise the profile of the Chinese CPA profession on the international stage and enhance its competitiveness," he said. (Xinhuanet, China)
CPA firms seeing more demand for sophisticated services Jan 1, 2007
Anyone who still perceives the public accounting profession as staid and buttoned-down has likely not been involved in the dynamics of today's business world. Therefore: this short look back at 2006 and a glance into the future, as seen from a professional CPA's formerly-wingtipped shoes. (New Mexico Business Weekly, NM)
