Financial and Accounting News
- July 22, 2011 German Institute of Auditors Expresses View on Impairment of Greek Sovereign Debt The German Institute of Auditors (Institut der Wirtschaftsprüfer in Deutschland, IDW) has published a press release regarding the treatment of Greek sovereign debt in interim financial statements at 30 June 2011 in ...
- July 22, 2011 UK FRC Reaffirms Importance Of 'True and Fair' The Accounting Standards Board (ASB) and Auditing Practices Board (APB) of the United Kingdom Financial Reporting Council (FRC) have published a paper discussing the 'true and fair' requirement and its relevance to ...
- July 22, 2011 Microsoft Posts a 30% Increase in Profit, but Sales of Windows Are Weak Sales of Microsoft’s core Windows computer operating system continued to erode for the second consecutive quarter as consumers shifted away fr om PCs to tablets. The software giant’s mixed financial results, r ...
- July 21, 2011 US$100m Investment by PwC to Boost Infrastructure, Employment PwC Africa has bared plans to invest US$100 million in hiring and infrastructure for the region in what it calls an “ambitious growth strategy.”The investment will focus on building an integrated advisory ...
- July 21, 2011 Recruiters, Economists and Business Minister Cast Doubt On Jobs Outlook Fresh doubts have been raised about the economy's ability to absorb quickly the thousands of public-sector workers who will soon be made redundant as a result of spending cuts. Across the economy in October, staff ...
- July 21, 2011 Accountants Offer to Pay Students £20,000 to Help Balance Books Hundreds of students will be paid £20,000 a year to study for a degree under a groundbreaking deal agreed between a top university and one of the country's largest graduate recruiters. Under the scheme, students ...
- July 21, 2011 IRS to Discontinue High-Low Per Diem Method for Travel Expenses The Internal Revenue Service intends to stop authorizing the high-low per diem method for substantiating lodging, meal and incidental expenses that can be incurred when traveling away from home. In a revenue procedure ...
- July 21, 2011 IRS May Have Violated Over 32,000 Taxpayers’ Tax Lien Rights An estimated 32,552 taxpayers may have been harmed because the Internal revenue Service did not follow legal requirements to notify them and their representatives of their rights related to tax liens in a timely fashion, ...
- July 21, 2011 Cut, Cap and Balance Amendment Would Fold, Spindle and Mutilate Constitution The so-called “cut, cap and balance plan” legislation that passed the House would require the passage of a Balanced Budget Amendment to the U.S. Constitution that would mandate a two-thirds supermajority to ...
- July 20, 2011 For Investment Managers, Meeting Wide-ranging Regulatory Reforms Calls for Balancing Act There’s little argument in the global investment community that the raft of new regulatory reforms designed to address systemic risk, investor protection and governance are complex, overlapping and may have ...
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