Analysts question AIG's accounting system Oct 31, 2008
These accounting questions are of interest not only because U.S. taxpayers are footing the bill at AIG but also because the post-mortems may point to a fundamental flaw in the Fed bailout: The money is buoying an insurer - and its trading partners - whose cash needs could easily exceed the existing government backstop if the housing sector continues to deteriorate. Edward Liddy, the insurance executive brought in by the government to restructure AIG, has already said that although he does not... (International Herald Tribune -- Business)
AIG has used billions from the Fed but hasn't said for what Oct 30, 2008
These accounting questions are of interest not only because U.S. taxpayers are footing the bill at AIG but also because the post-mortems may point to a fundamental flaw in the Fed bailout: the money is buoying an insurer and its trading partners whose cash needs could easily exceed the existing government backstop if the housing sector continues to deteriorate. Edward Liddy, the insurance executive brought in by the government to restructure AIG, has already said that although he does not want... (International Herald Tribune)
Indians will appeal trust ruling Aug 9, 2008
Robertson said his final ruling no longer directly concerns the accounting question that dominated the first 12 years of its existence. The judge has yet to determine how the 455. (Missoulian, MT)
Action Needed if Federal Agencies Are to Avoid 'Mission Failure,' Warns Study May 15, 2008
Ensure education and training providers provide CPE. -- Urge the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants to include basic federal accounting questions on the CPA examination, along existing questions relating to state and local government with accounting. Including these would encourage colleges and universities to include a "Federal Accounting 101" course in their curriculum. (PR Newswire)
Trial By No Jury? Feb 29, 2008
For example, a judge might be more likely than a jury to grasp the complex accounting questions at the heart of a white-collar case. Second, the defense may decide that an impartial jury is impossible to find, especially in a highly publicized, emotionally charged case like the shooting of Sean Bell. (Slate)
SEC May Propose New Rules for Credit-Rating Companies (Update2) Feb 9, 2008
The subprime crisis ``presents significant accounting questions'' about off-the-books trusts and structured investment vehicles that Wall Street banks set up to sell mortgage-backed securities, Cox said. SEC accountants are reviewing when entities that sold so-called collateralized debt obligations and other structured products should be moved onto banks' balance sheets, he added. (Bloomberg)
Police chief explains Children's Theatre probe Feb 9, 2008
The City management is to blame if there were accounting questions and never an order to audit the theatre accounts. Also, how does this relate to the equipment the staff reported missing after one or two break ins. (Palo Alto Online, CA)
Romney to address concerns about faith Dec 3, 2007
The accounting question has served to refocus attention on a sensitive period of Mr. Giulianis life: his affair with Mrs. Nathan during his marriage, and the ensuing public break-up of that marriage. But the issue was not raised by voters in a weekend of campaigning in New Hampshire at the Durham event, a holiday parade in Portsmouth, a house party with supporters in Stratham or at a diner in Greenland. (MSNBC -- Politics)
Fannie Mae Announces Investor/Analyst Conference Call Nov 16, 2007
WASHINGTON, Nov. 15 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: ) will host a conference call tomorrow, Friday, November 16th at 9:00 a.m. (EST), to provide investors and analysts an opportunity to ask technical accounting questions about the company's first, second, and third quarter reports filed last week on Forms 10-Q with the Securities and Exchange Commission. Mary Lou Christy, Senior Vice President, Investor Relations, will host the call. (PR Newswire)
Fannie Mae to answer questions on accounting Nov 16, 2007
NEW YORK (Reuters) - Fannie Mae said it will hold a conference call on Friday to answer accounting questions, after Fortune magazine reported that the U.S. mortgage lender may be "camouflaging" credit losses. The online Fortune report said Fannie Mae had changed the way it calculates its bad loans, a move that could mask the level of its credit losses. (ABC News -- Wire)
VeriSign Sheds Businesses in Bid to Refocus Nov 15, 2007
The news comes following a tumultuous year for the Internet infrastructure and transaction player, which has suffered accounting questions and management shakeups. Last November, the company restated millions in earnings from previous years, due to accounting errors. (SmallBusinessComputing)
Consumerization of IT Began Where? Oct 17, 2007
But given Dell's recent regarding accounting questions and slowing sales, the CEO made a point of working in a few factoids about Dell's strength. He noted Dell sells more servers in the U.S. than any other company and "almost twice as many computers in the U.S. than the next competitor." He also said Dell is the largest reseller of Microsoft and VMware products. (Datamation)
Gaming at PBL's Macau casino off to slow start Aug 24, 2007
The 90-minute briefing at the Westin Hotel centred around accounting questions, with executives coy about the company's wider strategy, participants said. The media were not welcome, and company officials could not be reached for confirmation of the comments. (Sydney Morning Herald -- Business)
Elecronic Data Systems names president Rittenmeyer to succeed chairman Jordan as CEO Jul 20, 2007
He retired from CBS at the end of 1998 but was recruited more than four years later to lead a turnaround at EDS, which had seen its share price crumble and come under investigation for earnings shortfalls and accounting questions. Under Jordan, EDS repaired a money-draining multi-billion-dollar contract with the Navy and salvaged most of the company's work for its largest customer, General Motors Corp., against competition from IBM and others. (San Diego Union-Tribune -- Business)
