accounting

PATERSON — The school district’s years of faulty accounting and record-keeping has prompted the state Department of Education to consider installing a monitor to oversee daily business and personnel operations.

Leggitt-Jones 
Christi Ann Leggitt and Jeremy Ray Jones were married Aug. 5, 2006, at Grace United Methodist Church. The Rev. Scott Moon performed the ceremony. Music was by Susan Hatley of Cape Girardeau. The…

NYSE, lenders give Mills Corp. an extension 
Chevy Chase-based mall developer The Mills Corp. ended a year of accounting woes, an investigation, firings and talk of a sale with a bit of a break.

Robert Scheer: Silencing Saddam 
Originally posted at Truthdig.com It is a very frightening precedent that the United States can invade a country on false pretenses, depose its leader and summarily execute him without an international trial or appeals process. This is about vengeance, not justice, for if it were the latter the existing international norms would have been observed. The trial should have been overseen by …

Sue Gulledge retires after 25 years 
Sue Gulledge, for 25 years a member of the News-Review accounting department, is retiring to become a full-time grandmother.

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The Japan Times, Japan - Dec 27, 2006NHK has punished 183 employees for 1,120 cases of accounting irregularities worth 14.76 million yen over the past seven years. The …

Lawsuit Claims Accounting Panel Illegal
Playfuls.com, Romania - Dec 22, 2006Business interests charged in US District Court hat the five-member Public Company Accounting Oversight Board lacks sufficient White House oversight itself. …

Lawsuit claims accounting panel illegal
Monsters and Critics.com, UK - Dec 22, 2006WASHINGTON, DC, United States (UPI) — A US congressional accounting oversight panel operates illegally, a Washington lawsuit claims. …

Canadian firms fall short in accounting study
Toronto Star,  Canada - Dec 17, 2006Internal controls are the accounting checks and balances designed to prevent manipulation and ensure the accuracy of a company's financial statements. …

Accountants hire Stephanie Cornils
Green Bay Press Gazette, WI - Dec 29, 2006Stephanie Cornils joined the accounting business of Hawkins, Ash, Baptie & Co., 400 Reid St., De Pere, in the audit department. …

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FAYETTEVILLE — Elkins needs to keep better financial records, a state agency told city officials earlier this week.

Walter Industries switches accountants 
The audit committee of the board of directors of Walter Industries Inc. approved the dismissal of PricewaterhouseCoopers as the company’s independent registered public accounting firm and appointed Ernst & Young to the role.

China ETFs At The Top, Internet At The Bottom 
China-themed ETFs left the rest in the dust by a country mile in 2006. IShares FTSE Xinhua China 25 Index gained 82% while PowerShares’…

The Return Of The Tech IPO 
When the stock market reached the height of irrational exuberance in 2000, the bubble was filled largely with the hopes of technology startups going public. That year, 170 high-tech companies sold nearly $19 billion of stock to investors in initial public offerings.

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FAYETTEVILLE — Elkins needs to keep better financial records, a state agency told city officials earlier this week.

Canada: Nortel Shareholder Deal Advances 
Nortel Networks, the maker of telephone equipment, won the approval of two United States judges for cash and stock settlements valued at about $2.4 billion to resolve accounting fraud lawsuits. The two judges, Richard Berman and Loretta Preska of United States District Court in New York, endorsed class-action agreements that Nortel reached in New York with investors. Nortel agreed on Feb. 8 to …

Village discusses mid-year budget, MS4, State Building Code 
Village Trustee/Budget Officer Robert Murphy gave a mid-year review and assessment of the 2006-2007 Village of Pawling budget, with a detailed line-by-line accounting of the expenditures and revenues to date. The village fiscal year runs from June 1 to March 31 of the calendar year.

THE A LIST 
J.D. Bellino has been named vice president of business operations at Compass Health Care Inc., a non-profit group that provides addiction treatment, prevention and education services. Bellino has experience as a certified public accountant with several international accounting firms and as a controller, chief financial officer and president of businesses in New Mexico.

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Apple Computer Inc. gave Chief Executive Steve Jobs 7.5 million stock options in 2001 without the required authorization of the company’s board, the Financial Times reported on Thursday.

AIG Sues Former Accounting V.P., Alleging Extortion Attempt 
American International Group Inc. sued a former accounting vice president last Friday, alleging she has refused to return company computers and confidential information and has attempted to “harass, e

Tax statements available online a few days early 
Tax statements for 2006 will be mailed by the Defense Finance and Accounting Service beginning Jan. 2 but will be available a few days earlier over the Internet for those signed up for the militarys myPay information system.

Feeding the IPO ‘Jones’ 
(Dec. 27, 2006) - For the business community, going public has always been where the real money is. Thats speaking in very broad strokes of course, and thats what opponents of the Sarbanes-Oxley Act often do when making the case that the accounting law is hurting the U.S. economy.

Japanese executives resign over improper accounting 
TOKYO (AFP) - The two top executives at Japan’s third-largest trading house, Nikko Cordial, resigned to take responsibility for alleged improper accounting practices.

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Japan’s prime minister on Thursday replaced a Cabinet minister who resigned over a political funds scandal the latest embarrassment for the troubled administration.

Tax statements available online a few days early 
Tax statements for 2006 will be mailed by the Defense Finance and Accounting Service beginning Jan. 2 but will be available a few days earlier over the Internet for those signed up for the militarys myPay information system.

Taiwan handset ODMs face pressure from EMS players 
Taiwan firms will ship about 123 million cellphones this year, accounting for 12 percent of a global market.

Tips for temps 
Editor’s note: CNN.com has a business partnership with CareerBuilder.com, which serves as the exclusive provider of job listings and services to CNN.com.

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Nortel Networks Corp., North America’s biggest maker of telephone equipment, won the approval of two U.S. judges for cash and stock settlements valued at about $2.4 billion to resolve accounting fraud lawsuits.

Russian disclosure law may exclude churches 
The Kremlin might back away from a new law that would force churches and religious groups to report to the government on their services, sermons and sources of income. The rules, contained in a law passed in April, have sparked outrage among human rights groups.

Report: Apple executives faked stock-option documents 
Apple’s probe into its stock-options backdating mess has determined that documents were falsified, according to report.

3Q Profit Drops at Russia’s Rosneft Oil 
Russia’s state-controlled oil giant OAO Rosneft reported a 13 percent drop in third-quarter profits Wednesday, owing mainly to lower crude prices and the effect of higher taxation.

Wall Street Breakfast 
What you need to know before the open today.

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In his time as a recruiter, Steven Greenberg saw his share of discrimination against workers of a certain, ahem, maturity. One case, though, really got his 46-year-old blood boiling. He was working with a public company that made a challenging request: Find a CPA familiar with overseas manufacturing experience and an obscure accounting system. He found an ideal candidate whom the company wanted …

Suit says former exec tried to ‘harass, extort and injure’ firm 
AIG hired the woman in January as a vice president. She couldn’t be located for comment Friday.

Recent IPOs raise hopes ‘07 could be better year / Recruitment activity a further sign of growing interest in tech 
In 2001, when Madrona Venture Group bankrolled a tiny startup that amounted to little more than two guys and a PowerPoint presentation, optimism about the future of the moribund technology industry was scarce. No longer could these Seattle venture…

Resignations belie Nikko management failures 
The resignation of two top managers from Nikko Cordial Corp., following revelations that the company falsified accounts, indicates a poor management structure within the major brokerage house.

2006: The Year in PCs and Chips 
From Macs running Windows to Justice Department probes to quad-core processors: 2006 was a busy year.

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Investigators at Washington University School of Medicine in St. Louis have developed a model to identify patients at high risk of developing glaucoma. Their research was presented at the annual meeting of the American Academy of Ophthalmology in Las Vegas.

Jackson sues former accountants 
LOS ANGELES - Michael Jackson is suing his former accountants, claiming they withdrew $2.5 million a year from his bank accounts but did not properly pay his bills. The lawsuit by Jackson and MJJ Productions Inc. was filed Thursday in Los Angeles Superior Court against Bernstein, Fox, Whitman, Goldman & Sloan, alleging negligence and breach of fiduciary duty.

Human resources garnering respect at large law firms 
When Susan Fried took a job in professional development at a law firm about 20 years ago, she was a rare commodity in the legal industry. Now she is breaking new ground again.

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Appointments, promotions and awards in the business community.

ICBC Overtakes HSBC as Largest Non-U.S. Bank by Value (Update1) 
Dec. 25 (Bloomberg) — Industrial & Commercial Bank of China Ltd., which raised $22 billion in the world’s biggest initial public offering, overtook HSBC Holdings Plc as the largest non- U.S. bank by market value after its shares rose to a record.

2 Executives at Japanese Firm to Resign in Accounting Scandal 
Nikko Cordial Corporation said its two most senior executives would resign because of accounting irregularities.

SOEs will introduce new accounting standards from 2007 
Twenty-four of China’s state-owned enterprises will implement new company accounting standards from 2007, said a senior official with the State-owned Assets and Administration Commission (SAAC) on Friday.

Nikko Cordial appoints IT director Kuwashima as president 
Arimura and chairman Mashashi Kaneko are stepping down immediately to take responsibility for alleged accounting improprieties at the company.

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