Financial and Accounting News
- August 24, 2011 IFRS and US Adoption If the US and Japan do not join 'the IFRS family' by adopting international accounting standards, the dream of a single global accounting language may remain just that, writes Robert Hodgkinson, executive director of the ...
- August 23, 2011 US Decision could Make or Break IFRS A refusal by US authorities to adopt worldwide accounting standards could kill off the "dream" of uniform worldwide standards, the Institute of Chartered Accountants in England and Wales has warned. ...
- August 23, 2011 AICPA Rejects Pre-Approval by IRS of Tax Courses The American Institute of CPAs told the Internal Revenue Service that it should avoid requiring pre-approval of continuing education courses as part of its tax preparer regulation efforts. “We believe that by not ...
- August 23, 2011 IRS Offers Guidance on Establishing Evidence of Document Delivery The Internal Revenue Service provided guidance Friday on the only ways to establish prima facie evidence of delivery of documents that have a filing deadline prescribed by the tax laws when there is not direct proof of the ...
- August 23, 2011 Block Sells RSM to McGladrey & Pullen McGladrey & Pullen announced Tuesday that its board of directors has reached an agreement with H&R Block to purchase back RSM McGladrey Inc. for $610 million, reuniting the assurance, tax and consulting practices ...
- August 23, 2011 Business and Investors to Thrash out Accounting Issues CORPORATES AND INVESTORS will be able to plough through contentious accounting issues with a new service offered by the regulator. The Financial Reporting Council will launch the Financial Reporting Lab on 14 October; ...
- August 22, 2011 Insurance Execs See Pricing Pressures, Regulatory Reform Driving M&A Activities: KPMG Survey Insurance executives are more intently considering merger and acquisition (M&A) strategies to confront growth challenges generated by pricing pressures and regulatory reform, according to a recent survey by KPMG LLP, the ...
- August 22, 2011 CIPFA: Off-balance Sheet Government Borrowing must Stop CIPFA HAS CALLED on the government to stop shifting debt off balance sheet via private finance initiatives (PFI), used to fund major projects like new schools and hospitals. A House of Commons Treasury Sel ect Committee ...
- August 22, 2011 KPMG Degree Sponsorship 'Morally Questionable' KPMG'S SPONSORSHIP of degree places could allow questionable morals to corrupt university courses, a student body has warned. The Student Christian Movement accused corporations with "dubious ethics" of ...
- August 22, 2011 BDO to Probe Energy Pricing BDO HAS BEEN called in to conduct a painstaking examination of energy companies' pricing after they were accused of understating profits in order to increase customer charges. Regulator Ofgem has asked the leading ...
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