July 2006



Peoria Journal Star, IL - Jul 26, 2006PEKIN - A $550,000 accounting discrepancy in city books and bank statements could be attributed to improperly using finance software, not checking or …

Springfield needs outside audit
News-Leader.com, MO - Jul 30, 2006… While even the best accounting systems in private business and government are sometimes outsmarted by motivated thieves, what is most disappointing about this …

Accounting for storage
Techworld.com, UK - Jul 25, 2006By Jim Damoulakis. As organizations continue to grapple with managing unconstrained storage growth, they are repeatedly working to …

Rosneft's net income under RAS grew by 57% in the II Q.
Analytical Information Agency, Russia - 15 hours ago… Rosneft has started to disclose its activity data under Russian Accounting Standards (RAS) this year. Before that, the Company had done it only under US GAAP. …

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Access the ABO Reporter, contents and abstracts to the Behaviorial Research in Accounting, Working Paper Series, and information about conferences. …

SmartPros Accounting: Articles, CPE and Career Resources.
SmartPros - Professional Resources for Accounting, Finance, HR, Insurance and Law.

Rutgers Accounting Web
Accounting resources irrespective of the university.

Scholarships for Minority Accounting Students
This scholarship program provides awards of up to $5000 to outstanding minority students to encourage their selection of accounting as a major and their …

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Reuters - Jul 19, 2006NORWALK, Conn., July 19 (Reuters) - The Financial Accounting Standards Board, which sets US accounting rules, voted on Wednesday to add a project on lease …

Security-software firm likely to restate results, miss filing …
MarketWatch - Jul 28, 2006… Inc.'s stock sank as much as 14% on Friday after the antivirus and security-software maker said that an ongoing review of its practices and accounting for stock …

Indianapolis Accounting Staffer Embezzled $350,000, City Claims
Accountingweb.com, IN - Jul 25, 2006The accounting staffer, who was fired after allegedly admitting her crime to investigators, steered fake credit and debt card refunds to her own accounts …

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MIAMI — Scientists linking the increased strength of hurricanes over recent years to global warming have not accounted for outdated technology that may have underestimated storms’ power decades ago, researchers said in a report published Friday.

Enron Victims Could Speak at Sentencings 
Enron Victims Could Speak at Sentencings for Jeffrey Skilling and Andrew Fastow

SEC’s Positively Foolish Option Accounting Rules 
With a resounding 5-0 vote, the commissioners of the SEC have approved a long-awaited addition to disclosure rules about executive compensation.

8.25am Monday July 31, 2006 
WASHINGTON - The US State Department agency in charge of US$1.4 billion ($2.2b) for reconstruction projects in Iraq used an accounting shell game to hide cost overruns and failed to tell Congress about schedule delays, The New York Times has reported.

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Investigative arm of Congress charged with examining matters relating to the receipt and payment of…

Financial Accounting Standards Board
The designated private sector organization in the US that establishes financial accounting and reportin…

Accounting WEB
Accounting software news, accounting career information, and accounting firm management resources….

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Computer Business Review, UK - Jul 24, 2006… of its full-year figures for the second time, the healthcare software provider has now revealed it is looking into possible accounting irregularities. …

UPDATE 1-Cognos says SEC done with accounting review
Reuters - Jul 20, 2006… CSN.TO: Quote, Profile, Research), Canada's largest software company, said on Thursday that US regulators have finished reviewing its accounting practices and …

Agree Realty Corporation Announces New Accounting Firm
PR Newswire (press release), NY - Jul 27, 2006… NYSE: ADC) announced today that Virchow, Krause & Company has been engaged as the Company's independent registered public accounting firm, effective immediately …

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Business Wire (press release), CA - Jul 28, 2006Rich is an experienced and seasoned financial professional with thirty years of related work experience spanning public accounting, manufacturing, services …

Accounting champs
Malaysia Star, Malaysia - Jul 22, 2006SMK SEAFIELD successfully defended its title as overall group champion at the Taylor s Business School (TBS) Inter-School Accounting Quiz Competition for the …

UPDATE 1-FASB votes to begin project on lease accounting
Reuters - Jul 19, 2006NORWALK, Conn., July 19 (Reuters) - The Financial Accounting Standards Board, which sets US accounting rules, voted unanimously on Wednesday to begin …

US convergence of accounting standards`
L’express.mu, Mauritius - Jul 19, 2006We are rapidly heading towards a world where there are two main financial reporting systems US GAAP accounting, used by the largest part of the global …

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Inside Housing, UK - Jul 27, 2006The consultation on accounting rules for the sector also recommended changing the way mixed developments, stock transfers and some contracts are handled in …

ICAN Faults FG over ANAN
This Day (subscription), Nigeria - 19 hours ago… of Chartered Accountant of Nigeria, Mrs. Catherine Ginikanwa Okpareke has criticised the Federal Government for establishing a parallel accounting body for the …

ISoft investigates possible accounting irregularities
Times Online, UK - Jul 20, 2006… firm iSoft, a key player in the 6.2billion computerisation of NHS patient records, revealed last night that it had found possible accounting irregularities. …

Judge OKs PNC accounting suit settlement
Seattle Post Intelligencer - Jul 15, 2006… lawsuit arising from a PNC Financial Services Group Inc. accounting scandal. More than 73,000 shareholders stand to recover a total …

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Bucks Free Press, UK - Jul 27, 2006… We are currently implementing Oracle s E-business Suite, and a smooth transition within the accounting function is an immediate priority. …

Centene profit drops on accounting charge
MarketWatch - Jul 25, 2006SAN FRANCISCO (MarketWatch) — Despite recording dramatically higher revenue, Centene Corp. on Tuesday posted lower second-quarter …

Accounting champs
Malaysia Star, Malaysia - Jul 22, 2006SMK SEAFIELD successfully defended its title as overall group champion at the Taylor s Business School (TBS) Inter-School Accounting Quiz Competition for the …

Audit body quizzes Capitol on accounting measures
Sun.Star, Philippines - Jul 13, 2006… on Audit (COA) found out that the Provincial Government of Misamis Oriental under Governor Oscar Moreno is not following "accounting control" measures and has …

Compliance with the Bangladesh Accounting Standard (BAS)
Financial Express.bd, Bangladesh - Jul 27, 2006ACCOUNTING in many areas of business in the country continues to be pursued in the traditional fashion. Thus, it is looked upon …

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The former head of WorldCom Inc., Bernie Ebbers, lost his appeal Friday of an accounting fraud conviction.

Column: Stop with the earnings estimates 
The gaming of company earnings is so widespread and pervasive, it has created a condition known as “the cockroach effect.” When a company that usually meets earnings estimates misses a quarterly target by a penny, the stock gets creamed. The reason: Investors assume it used every trick in the accounting rule book to get that close, yet still failed.

Power Machines posts RAS $5.08mln net loss in 1H06 
MOSCOW, July 28 (RIA Novosti) - Power Machines (Silovye Mashiny) [RTS: SILM] said Friday its net loss calculated to Russian Accounting Standards totaled 136.7 million rubles ($5.08 million) in the first half of 2006 against a net profit of 301.502 million rubles ($11.2 million) in the same period last year.

U.S. appeals court upholds conviction of former WorldCom CEO Bernard Ebbers 
NEW YORK (AP) - A U.S. federal appeals court on Friday upheld the conviction and 25-year prison sentence of former WorldCom chief executive Bernard Ebbers for orchestrating a multibillion-dollar accounting fraud.

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