Nortel CFO Peter Currie will leave the company on April 30. A chief financial officer (CFO) who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job.

Lawmaker: U.S. sent giant pallets of cash into Iraq 
WASHINGTON (Reuters) — The Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said Tuesday.

Number Of Homestay Providers In Taiwan Tops 2,000 
The number of homestay providers around Taiwan had increased to 2,001 as of the end of 2006, according to tallies released Tuesday by the Directorate General of Budget, Accounting and Statistics (DGBAS).

Cisco earnings match analyst estimates 
Cisco posted net income of $1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts.

Nation’s Fastest-Growing Accounting Firm Reduces Storage 67% with Mimosa Systems Email Archiving and Recovery Solution 
SANTA CLARA, Calif.—-Mimosa Systems, a leader in unified information management solutions for enterprise content, today announced that the nation’s fastest-growing accounting firm, The Siegfried Group LLP, has achieved a 67 percent savings in storage requirements for its email communications system by implementing the Mimosa NearPoint for Microsoft Exchange Server to archive and recover data …

Click Accounting Resources for more information