accounting

The inquiry appears to be in the early stages, and it may be months before prosecutors decide if they will bring any charges in the case.

CFO: All pain, no gain 
Alvaro de Molina was doing a bang-up job as chief financial officer of Bank of America. BofA’s stock rose 13% on his watch, and on Nov. 28 the company surpassed rival Citigroup in market cap. But five days later, after just 18 months in his post, he quit, calling his job “suffocating” and “less fun.” And de Molina is hardly alone: He was one of at least 12 Fortune 50 CFOs to leave their jobs in …

In China today, you are what you wear 
China’s thirst for brand name products is no secret, with Chinese consumers already accounting for 10 percent of global luxury sales.

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BNA , publisher of the authoritative and universally recognized Tax Management Portfolio series analyzing primarily tax issues, has released the latest addition to its Accounting Policy & Practice Series.

AccountPros Launches Accounting Jobs Tip Site at LifeTips.com 
AccountPros is now the exclusive accounting jobs sponsor in the LifeTips network.

Free tax clinic provides service, experience for students 
Volunteers will be working to file tax returns this season for low-income individuals at a free tax clinic, held at the Brainerd Community Center and run by UTC faculty and students. The clinic was started by accounting professors Melanie McCoskey and Joanie Sompayrac, who wanted to offer a service learning project aimed at not only helping their students learn how to do tax work but also …

On Vista, Office ‘07 Overkill 
A growing number of Microsoft Business Solutions (Dynamics) partnersand even some “Classic” partners have had it up to here with the company’s Vista push.

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Derek Pesta doesnt let a North Dakota State University policy banning illegal music downloading dissuade him from swapping tunes over the Internet. The 18-year-old accounting major routinely cruises Web sites such as Limewire to download free music in the comforts of his Reed Hall dorm room.

British police charge caretaker in bombs 
A primary-school caretaker has been charged in connection with a series of letter bombs sent to offices linked to traffic enforcement in Britain, police said Thursday.

Columbus driveshaft plant to add 250 jobs 
COLUMBUS– NTN Driveshaft plans to phase in as many as 250 new jobs over the next few years to help boost efficiency and increase production. NTN produces continuous velocity joints, the part of a vehicle’s tire system that gives it a smooth ride, said NTN Accounting Manager Joe Kurdziel.

CPA firm: Corning financial picture bright 
CORNING - The City of Corning is in good financial condition, according to the annual audit presented by Elias Siriani of the accounting firm of Donald R. Reynolds, CPA.

Veritas Pays $30 Million in Civil Case for Fraud 
Veritas has been involved with accounting fraud several times, but this time it’s paying for it…

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NEW YORK & LONDON—-Fitch Ratings will host a teleconference today, Thursday, Feb. 22 at 10:00 a.m. EST to discuss global trends in the accounting industry. The call follows the publication earlier this month of Fitch’s report ‘Accounting and Financial Reporting: 2007 Global Outlook-Measuring Up,’ available on the Fitch Ratings web site at www.fitchratings.com .

Iraq war fuelling extremism among young British Muslims: report 
British foreign policy and in particular the Iraq war has made it easier for Islamist extremists to recruit young British Muslims, according to a report released here Thursday.

CPA firm: Corning financial picture bright 
CORNING - The City of Corning is in good financial condition, according to the annual audit presented by Elias Siriani of the accounting firm of Donald R. Reynolds, CPA.

Citigroup Has Decisions to Make Amidst Nikko Cordial Uncertainty 
Nikko Cordial, Japan’s third-largest securities firm, faces delisting from the Tokyo Stock Exchange due to an accounting scandal. Citigroup owns a 4.9% stake in Nikko Cordial and 49% of the Nikko Citigroup investment bank joint-venture.

Refs should be whistled for traveling 
The next time you think an official’s call robbed your favorite team blind, consider this: He might be working his 31st consecutive day. Jeff Goodman exposes one of college hoops’ dirty little secrets and blames the NCAA for not stepping in to fix it.

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Struggling music company EMI Group PLC _ scarred by two profit warnings in as many months and a recent accounting scandal in Brazil _ was thrown a potential lifeline Tuesday in the form of a possible new takeover bid by former suitor Warner Music Group.

Russian mobile co NSS RAS net profit up 38% on year Jan-Sep ?06 
MOSCOW, Feb 20 (Prime-Tass) — Nizhny Novgorod Cellular Communications, or NSS, raised its net profit 38% on the year to 437.4 million rubles in January-September 2006, as calculated under Russian Accounting Standards (RAS), the company said Tuesday.

Cadbury Second-Half Profit Declines as Chocolate Sales Slump 
Feb. 20 (Bloomberg) — Cadbury Schweppes Plc, the maker of Dairy Milk, had a 34 percent decline in second-half profit as U.K. chocolate sales slumped last summer and the company set aside money for accounting problems in Nigeria.

For SEC, tech switch spurs stock option probes 
The head of the U.S. Securities and Exchange Commission is crediting the incorporation of interactive data into SEC filings for the discovery of “a pandemic of crooked accounting” linked to stock option backdating.

Cheney meets Japanese emperor, tells troops U.S. won’t relent in Iraq war 
U.S. Vice President Dick Cheney met with Japan’s emperor Wednesday and flew to a U.S. aircraft carrier, where he told thousands of cheering troops that America will not relent in its war on terror.

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Hollywood Video stores helped drag down earnings for parent Movie Gallery Inc., according to preliminary fourth quarter figures released Tuesday.

Milan Police Search Fininvest Offices 
Milan tax police searched Fininvest’s offices on Tuesday for documents related to a fraud investigation involving former Italian premier and Fininvest’s owner Silvio Berlusconi, a company spokesman said Tuesday.

Shaye Talks Jackson And Hobbit 
Shaye told the newspaper that he made the statements “in a moment of emotion” but did not regret it. “I regret losing a friend,” he said, as he showed a visitor a Gandalf sword that Jackson had sent him as a gift, before Jackson sued the studio in a dispute over accounting practices from the Rings films.

EMI Confirms Warner Music Takeover Offer 
Struggling music company EMI Group PLC _ scarred by two profit warnings in as many months and a recent accounting scandal in Brazil _ was thrown a potential lifeline Tuesday in the form of a possible new takeover bid by former suitor Warner Music Group.

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CORNING - An accounting error will cost Corning city employees anywhere between $21.47 to $7 each paycheck, according to Corning City Manager Steve Kimbrough at Tuesday’s council meeting.

Rasa to float 25% of shares on SET to raise B400m 
Rasa Property Development Plc is preparing to raise funds next month on the stock market through an initial public offering (IPO) of 20 million shares, accounting for 25% of its capital.

Five sue Ernst and Young over failed tax dodge 
Five prominent Silicon Valley businessmen are suing Ernst & Young, accusing the Big Four accounting firm of roping them into an illegitimate tax shelter which resulted in millions of dollars in IRS penalties, interest and professional fees.

21st Century retracts 2006 guidance 
The top executive at 21st Century Holding Co. removed issued guidance for 2006 due to accounting issues, but stands buy projections for 2007.

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NAME, ADDRESSES AND CONTACT POINT(S): London Borough of Greenwich, Directorate of Strategic Planning, Contracts Section, Peggy Middleton House, 50 Woolwich New Road, Attn: Roger Price, UK-London SE18 6HQ. Tel. 020 8921 5530. E-mail: roger.price@greenwich.gov.uk . Fax 020 8855 9550.

Judge: Dismissal of criminal charge against accounting firm KPMG to stand 
NEW YORK — A federal judge on Thursday said the dismissal of a criminal charge against accounting firm KPMG LLP will stand despite the objections of several former executives, who have been charged criminally…

Dismissal of Charge Against KPMG Stands 
A federal judge on Thursday said the dismissal of a criminal charge against accounting firm KPMG LLP will stand despite the objections of several former executives, who have been charged criminally with promoting illegal tax shelters.

On Call Employee Solutions, Inc. Nominated for San Diego Business Journal’s ‘’Best Places to Work'’ Award 
SAN DIEGO—-On Call Employee Solutions, Inc., a privately-held staffing firm specializing in placing skilled administrative, accounting and finance, mortgage and technical contractors, today announced that it has been nominated for the 8th Annual Best Places to Work Award 2007 from the San Diego Business Journal.

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Researchers at the Ontario Cancer Institute reported last month that women with dense breasts are nearly three times more likely to get breast cancer than other women, accounting for a quarter of all breast cancers in women under 56.

AVANIR Pharmaceuticals Hires Martin J. Sturgeon As Vice President and Chief Accounting Officer 
AVANIR Pharmaceuticals (NASDAQ:AVNR) today announced that Martin J. Sturgeon has joined the Company as Vice President and Chief Accounting Officer with responsibility for overseeing all accounting practices and policies for the organization. Prior to joining AVANIR, Mr.

IASB president wants India on accounting body’s board 
Recognising India as one of the major emerging economic powers of the world, the International Accounting Standard Board (IASB) President David Tweedie has said India should have representation on the 14-member board that is at present dominated by Americans.

Trains, planes and automobiles - MPs’ cost revealed 
MPs claimed 4.5 million in travel expenses last year, with road travel accounting for almost half of this.

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2/13/2007 AMARILLO — Taking the time to itemize your tax return, could mean more money back. Mike Connor with Clifton Gunderson Accounting Firm tells us about some key deductions.

Jordan looks near and far for economic growth 
Figures released this week by Jordan’s Department of Statistics have clearly underlined the key role the US plays in the kingdom’s economic well-being. The superpower is by far and away Jordan’s biggest export market, accounting for almost a third of the country’s total exports.

ICPA accountants graduate 
OVER 2,900 accountants have graduated at the Institute of Certified Public Accountants of Uganda after succeeding in the December 2006 examinations. Over 850 candidates and 2,091 sat for Accounting Technicians (ATC) examinations and Certified Public Accountants (CPA) respectively.

PwC Acquires Indian Firm RSM 
Feb. 14, 2007 (SmartPros) PricewaterhouseCoopers has acquired Indian accounting firm RSM, and will merge its tax practices with PwC effective April 1.

Nikko to brief on steps to improve accounting 
TOKYO, Feb 13 (Reuters) - Japanese brokerage Nikko Cordial Corp. said on Tuesday it would brief on measures to prevent further accounting problems at 6:30 p.m. (0930 GMT).

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