accounting

Executives in accounting, advertising, finance, high tech and new media, law and real estate have all found new digs. Check out the new faces in key places.

Irish web co. secures E1m equity funding 
Visor was established in early 2004 by ex-Farrell Grant Sparks Partner Tony Connolly and internet entrepreneur Eddie Murphy to bring ‘big company’ accounting and business analysis solutions to the SME community.

Buyers return to Japan shares after dip 
Monday’s heavy sell-off of Japanese stocks prompted a flurry of “buy” orders on Tuesday as dealing rooms judged that the previous day’s trading had been too downbeat.

ADP Announces Major Contract With BMW China Automotive 
The Dealer Services Group of Automatic Data Processing Inc. today announced a major contract with BMW China Automotive to exclusively support its BMW and MINI Chinese dealer networks. ADP’s state-of-the-art dealer management system (DMS) will support all of BMW China’s sales, after-sales and accounting processes.

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Days after returning to the helm of the computer maker he founded, Michael Dell told employees in a memo that the company would eliminate bonuses and reduce management to cut costs.

A witness who never got to testify 
May 23, 2005, was supposed to be Taneke Daniels’ day in court. Her boyfriend had beaten her so badly, relatives said, that the South Philadelphia mother of three wore a brace around her neck and a cast on a wrist.

Dell E-Mail Details Corporate Reforms 
In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.

Dateline Pittsburgh 
People on the Move

Northern Ireland a model for rebuilding trust in police 
A stunning vote of support for Northern Ireland’s much-revamped police by the faction that once fiercely attacked it shows it’s possible to revive public confidence in local badge-wearers amid conflict - if police reforms are properly carried out. Some lessons are worth teasing out from this turnaround.

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A SOUTH Korean court today jailed the head of Hyundai Motor for three years for embezzlement and breach of trust. Chung Mong-Koo, 68, chief of the nation’s largest automaker, embezzled 63 billion won ($87 million) through fraudulent accounting to bribe politicians and officials.

Dubai serves as diversification model 
Dubai’s push to diversify its economy may not only save it from a possible crash in oil prices but could also serve as a model to other Gulf Arab states for a post-oil era, its leader and economists said.

Despite Strong 3Q07 Results, I’m Not Chasing After Electronic Arts 
Todd Mitchell submits: Analyst Todd Mitchell sent a note to clients on Electronic Arts’ 3Q07 results, reiterating his hold rating. Excerpts follow: EA’s fiscal 3Q07 results were slightly stronger than we expected.

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Canadian public accounting firms of all sizes will need to do more to improve audit quality and adhere consistently to internal and professional standards, the Canadian Public Accountability Board (CPAB) said today in its fourth public report on its inspections of accounting firms.

SILICON STOCKS: Tech Gains; Dell And Intel In Focus Due To Lawsuit 
Technology stocks largely rose in early trading Friday, with the spotlight on a lawsuit that accuses Dell of improper accounting procedures involving its relationship with Intel.

Carnival Center flubs tally of tickets sold 
The Carnival Center for the Performing Arts miscounted ticket sales for three performances presented by one of its four resident companies — the Concert Association of Florida — during the center’s first three months of operations, causing center administrators to re-examine their box office accounting procedures.

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5 mins ago, DALLAS In separate lawsuits, investors charge computer maker Dell Inc. with making legally questionable kickbacks to chip giant Intel Corp. and concealing problems ranging from faulty batteries to improper accounting.

(AFX UK Focus) 2007-02-02 11:42 GMT: Dell accused of improper accounting in Intel partnership - report 
LONDON (AFX) - A lawsuit brought by Dell Inc shareholders accuses the computer company of improper accounting in its relationship with chipmaker Intel Corp, according to a report in The Wall Street Journal.

5th Annual Achievement in Regulatory Compliance Awards Nominees 
Compliance Reporter is pleased to announce the nominees for the 5th Annual ARC Awards. The nominees are all individuals who are seen as standing out for a significant contribution to financial services or accounting compliance and regulation.

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Vancouver, BC, February 1, 2007–(T-Net)–Sierra Wireless (NASDAQ: SWIR, TSX: SW) is reporting fourth quarter and fiscal year 2006 results. Our results are reported in US dollars and are prepared in accordance with United States generally accepted accounting principles.

Nikko Cordial revises financial results again due to accounting irregularities 
Japan’s third-largest brokerage group said it improperly booked a dividend from NPI Holdings (NPIH) in relation to a share buy-back arrangement between NPIH and Bellsystem24.

Nikko Says 5th Manager Leaves Amid Accounting Investigation 
Hajime Yamamoto may have been involved in misrepresenting transactions to inflate profit in 2004.

Nikko Shares Extend Slump as Accounting Probe Deepens (Update1) 
Feb. 1 (Bloomberg) — Nikko Cordial Corp. shares plunged for a second day and are set for their biggest one-week slump in five years after an inquiry said former executives at Japan’s third-largest brokerage deliberately inflated profit.

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