Stephenie Fox, CA, has been named Technical Director for the International Public Sector Accounting Standards Board (IPSASB), an independent standard-setting board of the International Federation of Accountants (IFAC). Ms. Fox, who will be based in Toronto, Canada, will assume the position on September 1.

Hudson Sawyer Sells Inside Public Accounting 
Aug. 29, 2006 (SmartPros) Hudson Sawyer has sold its well-respected public accounting newsletter, Inside Public Accounting, to The Platt Consulting Group LLC.

GOING CONCERN - NEW EXPOSURE DRAFTS ISSUED 
Both the Canadian Accounting Standards Board (AcSB) and the Auditing and Assurance Standards Board (AASB) of the CICA have issued exposure drafts relating to going concern issues.

Carousel fraud clampdown increases red tape 
The government’s attempt to clamp down on VAT “carousel” fraud is making it hard for legitimate companies to register for VAT, putting bona fide business deals in jeopardy, according to an accounting firm.

Meade Says Reports Marred by Options 
(AP) IRVINE, Calif. Meade Instruments Corp., a maker of telescopes and other optical products, said Tuesday its financial statements over four years are no longer reliable because of accounting errors related to its stock-options grants.

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