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August 29, 2008 2:22:06 CDT

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Stories related to: accounting

Stories

6 Stories

  • August 2008

    • Investors, Companies Benefit by Accounting Switch: SEC

      Wall Street Journal  |  Aug 28, 08 9:50 AM CDT

      Investors, Companies Benefit by Accounting Switch: SEC

      (Newser) - The Securities and Exchange Commission sees a smoother ride for American companies, and investors, in its plan for the US to adopt international accounting standards, the Wall Street Journal reports—though the shift would be an expensive, “massive effort,” some say, requiring new training from business schools on up. Critics worry the international standards aren’t as precise and may cause confusion during the transition. More »

    • SEC Wants US Firms to Switch to International Accounting

      Wall Street Journal  |  Aug 27, 08 4:42 CDT

      SEC Wants US Firms to Switch to International Accounting

      (Newser) - The Securities and Exchange Commission is planning to require US companies to switch to international accounting rules, the Wall Street Journal reports. The body voted today to seek public comment on a plan for the transition, which would stagger requirements. Large multinational firms would be expected to voluntarily switch in 2010, prompting an SEC vote in 2011 on making the switch nationwide. More »

  • July 2008

    • Invisible Ink, Hidden Numbers Help Fuzzy Accounting

      Financial Times (UK)  |  Jul 23, 08 5:59 CDT

      Invisible Ink, Hidden Numbers Help Fuzzy Accounting

      (Newser) - Sometimes high-stakes fraud doesn’t have to be high-tech. The former chief financial officer at a company now called Voyager Learning allegedly cooked the company's books by entering figures as white text on white background—the equivalent of invisible ink, Adam Jones notes in a Financial Times blog. More »

      Tags

      fraud  • SEC  • earnings reports  • revenue  • accounting  • Microsoft Excel

    • Feds Plan to Allow Foreign Accounting Rules

      New York Times  |  Jul 5, 08 7:17 AM CDT

      Feds Plan to Allow Foreign Accounting Rules

      (Newser) - Federal officials are proposing to loosen accounting regulations, allowing American companies to shift to international standards that offer more latitude in reporting earnings, the New York Times reports. The move would make businesses more competitive, the administration argues, but it would also effectively exempt them from the investor-protection measures instigated after the collapse of Enron, critics note. More »

      Tags

      finance  • regulation  • Securities and Exchange Commission  • accounting  • securities  • Sarbanes Oxley

  • February 2008

    • Lawsuit: ORU Leaders Stole $1B a Year

      Associated Press  |  Feb 8, 08 9:06 AM CST

      Lawsuit: ORU Leaders Stole $1B a Year

      (Newser) - Oral Roberts University leaders funneled $1 billion a year from the books for their personal use, a former accountant alleges in a lawsuit. The charges are the latest accusations of financial misdeeds to hit the college, the AP reports. The suit names former president Richard Roberts and his wife as among the defendants. Board members also participated, says the suit, so "the foxes were watching the hen house." More »

      Tags

      lawsuit  • Oral Roberts University  • Richard Roberts  • accounting

  • July 2007

    • Accounting Degrees Add Up

      Washington Post  |  Jul 6, 07 5:01 AM CDT

      Accounting Degrees Add Up

      (Newser) - Accounting majors have become the most in-demand kids on campus, and prospective employers are wooing them with lavish parties, free vacations, and promises of handsome signing bonuses. Colleges aren't turning out enough number-crunchers to meet the growing demand, which has skyrocketed in the wake of stricter controls required by Sarbanes-Oxley, the Washington Post reports. More »

      Tags

      business school  • accounting  • recruitment  • Sarbanes Oxley

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