accounting

It was a small, young biotech with no income, eight employees — and a rising share price that bumped it into a financial reporting category that gave it an accounting headache usually associated with much larger companies.

Stocks to Watch: Computer Sciences Corp. and Lawson Software 
Among the companies whose shares are expected to see active trading in Tuesday’s session are Computer Sciences Corp., Lawson Software Inc. and Tenet Healthcare Corp.

Business People, April 2, 2007 
Deborah Budaj has joined the Tampa office of Saltmarsh, Cleveland & Gund as a senior manager. Budaj comes to Saltmarsh from her own practice and has more than 17 years of private and public accounting experience.

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Laura Belle Carmichael, 76, a professional wallpaper hanger in the Washington area for 30 years, died of congestive heart failure and lung disease March 26 at her home in Laurel.

Investors laud Take Two Interactive’s upheaval 
A feisty shareholder revolt at Take-Two Interactive Software this week offed nearly as many executives as virtual characters in the video game company’s violent titles. Financial analysts and child advocates said only a thorough purging at the top would reverse the accounting and ethical lapses at the company.

JOHN SHINAL’S TECH INVESTOR: Dell’s Latest Statement Dissected By A Former U.S. Prosecutor 
SAN FRANCISCO (Dow Jones) - Dell Inc.’s latest statement regarding multiple probes into its accounting practices raises the possibility that a current or former employee of the hardware maker may be charged with a crime, according to an accounting examiner and former U.S. prosecutor.

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Dell Inc. said Thursday that an internal audit committee has found a number of accounting errors and evidence of misconduct in its monthslong review of previous earnings statements.

Motorola Completes Acquisition of Tut Systems, Inc. 
SCHAUMBURG, Ill., March 30 /PRNewswire-FirstCall/ — Motorola, Inc. (NYSE: MOT) announced that it has completed its acquisition of Tut Systems, Inc. (Nasdaq: TUTS). The transaction has a total equity value of approximately $39 million on a fully diluted basis.

Dell admits errors in its accounting 
Report details deficiencies, misconduct evidence. DALLAS - Dell Inc., one of the world’s largest PC makers, said Thursday that an internal audit committee has found a number of accounting errors and evidence of misconduct in its monthslong review of previous earnings statements.

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It’s virtually guaranteed to happen every year - the IRS gets a slew of tax returns loaded with errors.

Dell finds errors in financial statements 
The No. 2 PC maker says it found evidence of misconduct, accounting mistakes in its financial controls.

UPDATE: Dell Says Internal Options Probe Found Errors, ‘misconduct’ 
SAN FRANCISCO (Dow Jones) - Dell Inc. said late Thursday an internal probe into past employee option grants uncovered accounting errors and evidence of misconduct, and the No. 1 personal computer maker once again delayed filing its financial reports.

Glocap Search Hires Steve Skoczylas to Head Accounting/Operations Practice 
Glocap Search has hired Steve Skoczylas as a managing director to head its Accounting and Operations Practice. The Practice focuses on assisting hedge funds, private equity funds, investment banks, commercial banks, family offices, and operating companies to build their organizations through the addition of COOs, CFOs, Controllers, Accountants and Operations Professionals.

Dell delays annual filing; audit found accounting errors 
ROUND ROCK, Texas A Dell internal audit committee has found accounting errors and evidence of misconduct in its review of previous earnings…

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FRANKFURT, Germany — DaimlerChrysler AG, which is considering what to do with its U.S. unit, said Tuesday it will delay the announcement of its first-quarter results because of its changeover to international accounting standards.

SEC Gets More Input on FASB Membership 
Washington (March 29, 2007) - The Financial Accounting Foundation said that it will give the Securities and Exchange Commission the opportunity to propose and review candidates for open positions at either the foundation, or the board the foundation oversees, the Financial Accounting Standards Board.

Resources Connection, Inc. Reports Third Quarter Results 
Resources Connection, Inc. , a multinational professional services firm that provides to clients — through its operating subsidiary, Resources Global Professionals — accomplished professionals in accounting and finance, risk management and internal audit, information management, human capital, supply chain management and legal services, today announced financial results for its third quarter …

Shakers: Barclays president paid more than bank’s chief executive 
Barclays paid Robert Diamond, its president, who is in charge of units accounting for 44 percent of the banking company’s profit, five times as much as it paid its chief executive in 2006.

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LOS ANGELES—-Honoring the best US corporations in accounting and governance, Audit Integrity today made public the Audit Integrity Top 100 report. As experts in risk analysis on public companies, Audit Integrity provides its subscribers with reports on the best and worst of public corporations, based on its Accounting and Governance Risk rating.

Asia’s Outsourcing Biz Set to Double 
Accounting, customer care, and human resources will continue to drive business process outsourcing (BPO) growth in Asia-Pacific

Vets urge caution over raw pet foods 
This month’s pet food recall is driving up sales of raw pet foods, but veterinarians urge caution. Raw pet foods, sold largely by small companies and in independent pet food stores, have gained popularity in recent years, as have organic pet foods.

State Street Signs China Life Deal 
Boston-based State Street Corp., a provider of financial services to institutional investors, said Wednesday it has been appointed to jointly service the foreign currency insurance funds of China Life Insurance Company Ltd.

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Jerry Marks submits: Monro Muffler Brake stock price tumbled more than 6% Monday after the company said they expect to earn somewhere between $1.54 to $1.56 in earnings per share in fiscal 2007 versus the $1.66 to $1.69 they thought they would earn for the fiscal year just a couple months ago.

DCX will delay its release of 1Q results 
FRANKFURT, Germany — DaimlerChrysler AG, which is considering what to do with its U.S. unit, said Tuesday it will delay the announcement of its first-quarter results because of its changeover to international accounting standards.

Tempting the tax auditor 
The IRS is coming after more filers. You might be a target if you fly these red flags on your tax return.

Demand for Tax and Accounting Information Drove Business Publishing Gains in 2006, Says Simba Information’s Global … 
Business publishers expected faster growth in 2006 and they got it largely on the strength of increased demand for tax and accounting products, according to the newly released Global Legal & Business Publishing 2007-2008, the latest strategic market report from Simba Information, a leading media industry forecast and analysis firm.

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Take-Two Shares Drop 
Shares of Take-Two Interactive Software Inc. dropped Tuesday after the troubled video game maker said it is “unlikely” to present strategic alternatives — that had included a possible sale — ahead of its coming shareholder meeting.

School strives to provide safe haven 
An experimental high school in Baltimore faces its toughest challenge yet: the death of a beloved sophomore Vic Fenner and a district plan that could imperil the school’s supportive environment.

EC, Japanese Regulator Meet On Accounting, Auditing 
The European Commission and Japan’s Financial Services Agency met Friday and Monday to discuss auditing and accounting issues.

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Federal regulators censured accounting firm Ernst & Young LLP on Monday and ordered it to pay $1.6 million to settle charges of compromising its independence and contributing to faulty accounting by a client in 2001.

Actel, Bell, Zoran get new delist warnings 
Nasdaq sent new warnings about possible delisting because of late financial filings to Actel Corp., Bell Microproducts Inc. and Zoran Corp., the companies said Monday.

Inventory Spells Out Brooke Astor?s $131 Million Estate, Large and Small 
A 120-page inventory of Brooke Astor?s assets and finances provides the most up-to-date, clear and concise picture of the socialite?s fortune.

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TOKYO — Japan has been abuzz over the unusually harsh prison term handed to former Internet kingpin Takafumi Horie — and the slap on the wrist given to scandal-tainted brokerage Nikko Cordial in another high-profile case of accounting irregularities.

Accounting firm gives $1.1M to Miami 
PricewaterhouseCoopers donated $1.1 million to Miami University’s Farmer School of Business.

Ex-Collins Chief David Stockman Charged With Fraud (Update1) 
March 26 (Bloomberg) — David Stockman, President Ronald Reagan’s budget director, was indicted for fraud for misleading investors while chairman of bankrupt auto-parts maker Collins & Aikman Corp., his lawyer said.

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