Who's watching the money? (1059) Nov 3, 2009
The accounting firm also noted that out of a sample of 212 disbursements tested, 80 items were missing check requests, posting instructions and/or authorizing signatures, creating the risk that improper disbursements might not be detected by management. The following year, the city switched auditing firms. (St. Joseph Herald-Pallidium, MI)
Weaver and Tidwell changes name Nov 3, 2009
The identity will be adopted by the accounting firm s five Texas offices, and its financial advisory firm, Weaver Tidwell Wealth Management. Weaver hired brand strategy firm Greenfield Belser to work on the rebranding effort. (Houston Business Journal, TX)
Life Sciences Announces Change of Business and Close of TSX Venture Exchange Compliance Review Nov 3, 2009
She has worked with several accounting firms in Calgary and eventually started her own oil and gas consulting company in 1999. Her clients range in the small to mid size oil and gas companies and vary from well head distribution to well production. (CCNMatthews Press Releases)
"A dodgy basement is not worth $3000 a week in rent. It's absurd.'' Nov 2, 2009
But you talk to the landlords and they try to charge you like youre an accounting firm. " "A dodgy basement is not worth $2,000 or $3,000 a week in rent. (Sydney Morning Herald -- Business)
MNCs face greater transfer pricing scrutiny Nov 2, 2009
The survey by international accounting firm Ernst found a dramatic increase in the scope of TP documentation required by governments with penalties imposed more frequently and at higher levels when multinationals get it wrong. Locally, Malaysia has introduced the new Sections 140A and 138C of the Income Tax Act 1967 relating to TP, which referred to the price charged by one part of an organisation for products and services it provides to another. (The Star Online, Malaysia -- Business)
The spirited feud that not even the psychics saw coming Nov 2, 2009
Together with the secretary, Symn Waters, and with the approval of Cleary, the church commissioned an independent review with accounting firm CBC Partners. Among other things, the review found no receipts for expenditures of $45,000 between 2006 and last year, when Cleary was treasurer. (Sydney Morning Herald -- Australia)
Madoff: SEC never thought it was a Ponzi scheme Nov 1, 2009
In his interview with Kotz, Madoff said the SEC never asked him about his tiny accounting firm. It seemed incongruous that, with more than $65 billion in private investments he claimed he oversaw for thousands of people, Madoff used what seemed to be a small-time auditor with a minuscule office in suburban New City, N.Y. Authorities say that Friehling appeared to have rubber-stamped Madoff's records. (WCAX.com, VT)
Dems eye insurance industry's antitrust protection Nov 1, 2009
In a report paid for by the insurance industry, the accounting firm PricewaterhouseCoopers said the legislation would add 1,700 a year to the cost of family coverage in 2013 when most of the major provisions of the Senate Finance Committee bill would be in effect. The White House, Democrats in Congress and other supporters of the legislation attacked the study as flawed and deceptive. (Jefferson City News Tribune, MO)
Demand for foreign-tax experts rising Nov 1, 2009
International tax expertise is in high demand at accounting firms, and that demand is expected to keep rising after identical bills aimed at combating offshore tax abuses were introduced in the U.S. House and Senate ... Accounting firms and consultancies have been taking heed of the government s increasing scrutiny on international tax and gearing up for the demand, Barber said ... With the government turning a keen eye to tax loopholes and overseas tax havens, it s become imperative for... (Denver Business Journal, CO)
Deloitte moving across Broad St. Nov 1, 2009
The region s largest accounting firm plans to skip across East Broad Street in downtown Columbus for new offices. Deloitte LLP s 283-member staff will move into nearly 35,000 square feet on the 13th and 14th floors of the Continental Plaza at 180 E. Broad St. under a 10-year lease starting in May. (Columbus Business First, OH)
No comments posted. Nov 1, 2009
In a report paid for by the insurance industry, the accounting firm PricewaterhouseCoopers said the legislation would add 1,700 a year to the cost of family coverage in 2013 when most of the major provisions of the Senate Finance Committee bill would be in effect. The White House, Democrats in Congress and other supporters of the legislation attacked the study as flawed and deceptive. (Jefferson City News Tribune, MO)
Three residents recommended as write-in candidates for auditor positions Oct 31, 2009
Some municipalities such as Dickinson have hired accounting firms that audit the books, but the elected auditors still serve a purpose. According to the second-class township code, the board of auditors meets annually to determine the current-year compensation for supervisors who are also employed by the township. (Carlisle Sentinel, PA)
School District Gets 'Clean' Audit Report Oct 31, 2009
" One of the material weaknesses is bank reconciliation. Although improvements have already been implemented, it was still cited as a weakness in this audit. The auditor also said the district has responded to additional recommendations made. Several improvements in this area also were noted by the auditor including that bank reconciliations are now timely and no unidentified differences noted. Journal entries are another material weakness. Journal entries are being reviewed by two people other... (Missourian Publishing, MO)
Madoff: SEC Never Thought It Was A Ponzi Scheme Oct 31, 2009
In his interview with Kotz, Madoff said the SEC never asked him about his tiny accounting firm. It seemed incongruous that, with more than $65 billion in private investments he claimed he oversaw for thousands of people, Madoff used what seemed to be a small-time auditor with a minuscule office in suburban New City, N.Y. Authorities say that Friehling appeared to have rubber-stamped Madoff's records. (Click2Houston, TX)
paidContent: Media stocks are flying Oct 31, 2009
Newspapers may be making a third less money than a year ago, TV stations may be losing out to multi-channel inventory and everyone may be struggling to convert web readers in to cash - but accounting firm says everything s improving. The value of the firms on its Media Index of 100 market-listed media companies actually rose 33. (Guardian Unlimited -- Media)
Massive Malpractice Action Against Deloitte Is Reinstated Oct 31, 2009
A Brooklyn appeals panel has reinstated a massive malpractice action against the accounting firm Deloitte. A Supreme Court judge in Suffolk County, N.Y., had in June 2008 on various grounds, including the statute of limitations and the doctrine of in pari delicto, or "equal fault.". (Law.com)
FTC's Red Flag rule delayed again Oct 31, 2009
The aim is to prevent the use of stolen identity, said Michael Di Paolo, a partner in the Dallas office of the accounting firm ... said Bruce Zaret, a partner in the accounting firm. (Dallas Business Journal, TX)
Andersen Will Settle Suit Over WorldCom Oct 31, 2009
NEW YORK, April 25 -- Defunct accounting firm Arthur Andersen LLP has agreed to pay $65 million to settle its part of a massive WorldCom Inc. class-action shareholder lawsuit, sources familiar with the deal said Monday ... Sources said that Andersen's settlement was delayed by demands from plaintiffs that the accounting firm disclose all its current holdings ... Andersen, once among the world's biggest and most profitable accounting firms, was convicted in 2002 of obstructing a federal probe... (Yahoo News -- WorldCom/MCI)
Eger Named to 2009 ESPN the Magazine Academic All-District 2 First Team Oct 31, 2009
89 GPA as an accounting major and has already signed on with the accounting firm KPMG following graduation. She is also a member of National Society of Collegiate Scholars and Beta Gamma Sigma, a business honor society. (Gwsports.com)
Louisville area Fast 50 companies honored Oct 30, 2009
The rankings were calculated by Louisville-based accounting firm from financial information supplied by the nearly 80 companies that chose to participate in the 2009 program. Business First is not provided with the companies financial information and only receives the companies range of revenue growth. (Louisville Business First, KY)
Hoffman's Party Oct 30, 2009
The northern New York accounting firm owner who helped organize the 1980 Lake Placid winter Olympics is even ahead of the Democrat, with Scozzafava trailing both. It's not hard to see why. (Investors Business Daily)
Convicted Crazy Eddie executive tells of 'Insane!' wrongdoing Oct 30, 2009
Sent to college for accounting by his cousin, Eddie Antar, so he could become skilled at circumventing accounting practices, Sam Antar managed to infiltrate two different accounting firms who audited Crazy Eddie's. CONTINUED 1. (NJ.com -- Times)
AIMCO exec to resign at year's end Oct 29, 2009
Before starting with AIMCO in 2007, Freedman was CFO of , with in various capacities and a senior manager at the accounting firm. He s a certified public accountant. (Denver Business Journal, CO)
Business briefs: Gulfcoast Consulting wins top 2009 award Oct 29, 2009
Markham Norton Mosteller Wright ny is a business consulting and certified public accounting firm with offices in Fort Myers and Naples. 2 Harley dealers host 'Hog-O-Ween' events. (The News-Press -- Business)
LBMC to host seminar on buying, selling businesses Oct 29, 2009
Dave Power, with the accounting firm s mergers and acquisitions/business transaction group, said there s not been a local conference on mergers and acquisitions in years, but the firm is continuing to field those kinds of questions. Power said LMBC has been holding such panel discussions internally, drawing packed rooms of business owners. (Nashville Business Journal, TN)
CPI board of directors reviews audit Oct 29, 2009
In other related accounting business, the board approved closing several bank accounts as suggested by the accounting firm. In theater-related business, the CPI Board discussed the amount of support to be given to the Friends of the Finke Theatre. (California Democrat, MO)
Does Pelosi Have the Votes? Oct 29, 2009
Does Pelosi Have the Votes. Does Pelosi Have the Votes. (Human Events Online)
Bankers' bonuses: Moral outrage Oct 29, 2009
They mirror the health of a financial-services sector that in the good times brought in up to 67 billion in annual tax revenues, estimates PwC, an accounting firm. This fiscal year the figure could drop to 39 billion, says Douglas McWilliams at the CEBR, although banks recently buoyant business may increase it. (The Economist)
Wasilla chamber tightens spending Oct 28, 2009
All but eight of 68 transactions selected for a closer look had some kind of problem, according to the analysis by Anchorage accounting firm Mikunda, Cottrell & Co. Inc.. QUESTIONED SPENDING. (Anchorage Daily News)
Atlantas small-town vision Oct 28, 2009
All of the big four accounting firms are in the City (3 of them downtown). Most, if not all of the top 25 law firms are in the City (6 or 7 of them downtown; one just announced in the ABC that it is moving from midtown to downtown). (Atlanta Journal-Constitution -- Opinion)
Thermadyne Holdings Corporation Announces 2009 Third-Quarter Results Oct 28, 2009
The financial statement information presented in accordance with generally-accepted accounting principles (GAAP) and the non-GAAP measure have not been reviewed by an independent, registered public accounting firm. Conference Call. (Primezone Releases)
Bond Weakling California Shows Perils of States' Failure to Disclose Debts Oct 28, 2009
There arent enough accounting firms to do that many audits, Johansen said. Portland would have to hire a dozen employees to prepare the data in time for auditors, he said. (Bloomberg)
Award allows Beckham to give back Oct 27, 2009
Monday's announcement was the result of balloting among all Major League players, conducted in September under the supervision of accounting firm KPMG.. Players Choice Awards annually recognize the best player, pitcher, rookie and comeback player in each league. (MLB.com -- Chi White Sox White Sox)
Few Texas CFOs expect to be hiring Oct 27, 2009
Further, the global accounting firm s survey found that more than half of the CFOs surveyed in Texas and nationwide plan to reduce bonuses. Texas CFOs were incrementally more optimistic than the nation as a whole. (Dallas Business Journal, TX)
A-A chamber names businesses of the year Oct 27, 2009
Sherri Richardson founded the Cincinnati-based accounting firm in 2007. Small Business of the Year (less than 15 employees): LLC. Edgar Smith founded Cincinnati-based World Pac Paper, an independent paper distributor, in 2004. (Cincinnati Business Courier, OH)
Capmark Financial files for bankruptcy Oct 27, 2009
The company is being advised by law firms Dewey uf and Richards, Layton r and Reed Smith; advisory firms Lazard Freres, Loughlin Meghji and Beekman Advisors; and accounting firm KPMG.. The case is in re: Capmark Financial Group, U.S. Bankruptcy Court, District of Delaware, No. 09-13684. (Yahoo News -- Top Stories)
Tax Problems of the Stars Oct 27, 2009
Willie sued his accounting firm and settled for an undisclosed amount, and his debt was all paid off three years later. Pete Rose. (Fox News)
Back-Door Taxes Hit Americans With Public Officials Financing in the Dark Oct 26, 2009
Basic financial mistakes trip up many local governments, said Kevin Camberg, a partner with , a Phoenix accounting firm that has checked the books of Apache County and others in Arizona for the state auditor. Its not as unusual as it should be, he said. (Bloomberg)
Deloitte Says 2009 Global Revenue Falls 4.9 Percent Oct 26, 2009
NEW YORK (Reuters) - Global accounting firm Deloitte Touche Tohmatsu said on Monday revenue at its member firms slipped 4 ... Deloitte, one of the "Big Four" accounting firms, said revenues were essentially unchanged in its audit and tax businesses, and financial advisory services revenues dropped 6. (ABC News -- Wire)
John A. Shea Oct 26, 2009
Mr. Shea was an accountant by profession and worked for the Internal Revenue Service before establishing his own accounting firm. He was a lifelong communicant of St. Paul's Church in Hingham. (Hingham Journal, MA)
> Lewis Rice signs 12-year lease at One City Centre Oct 25, 2009
In addition to Lewis Rice, accounting firm LarsonAllen also signed a letter of intent to move its base of operations from Town & Country to 23,000 square feet in One City Centre in 2010, bringing 100 employees downtown, according to Scott Engelbrecht, principal in charge of the accounting firm s St. Louis office. SCR Investments, the partnership that owns the building, also has a signed letter of intent with Sandberg, Phoenix & von Gontard, a law firm currently based in One City Centre, to renew... (St. Louis Business Journal, MO)
$220 million overhaul proposed for three downtown projects Oct 25, 2009
On tap is a movie theater, up to 100,000 square feet of retail space, 750 parking spaces, 205 apartments, an hotel and several new office tenants, including law firm and accounting firm. Click on the story links below for more on the developers' plans. (St. Louis Business Journal, MO)
Davis Wright Settles Sunwest Litigation for $30 Million Oct 24, 2009
K&L Gates, Thompson & Knight, and an accounting firm for Sunwest are still facing litigation brought by investors and Grassmueck in state and federal court. This article first appeared on blog on AmericanLawyer. (Law.com)
Granite Links rents under review Oct 24, 2009
All this attention comes on the heels of a review conducted by an independent accounting firm for Quincy, which has raised questions about the way Granite Links calculates its rent payments ... This summer the city quietly hired Di Pesa & Co., a Quincy accounting firm, to review the lease agreements and the club s revenues ... With the exception of the mayor hiring an outside accounting firm to do some procedures, there has been no effort to provide oversight on [the Quarry Hills Associates]... (Boston Globe -- Sports)
Companies seeking better way to gauge economic red flags Oct 24, 2009
Any time you have an event of significance in this case, obviously, the economic downturn companies look back and reflect on what could we have done better, said Matt Kramer, advisory partner in the Columbus office of accounting firm. The past year has prompted many questions about warning signs that companies might have missed and, on the flip side, what opportunities might have slipped by. (Columbus Business First, OH)
Miami Media acquires Latin biz Website Oct 24, 2009
The Law Offices of Michael J. Simon and accounting firm Kaufman, Rossin & Co. represented Miami Media in the deal. Most Read Stories. (South Florida Business Journal, FL)
Carbis Walker makes keeping promises to workers a priority Oct 24, 2009
When team members join Carbis Walker from another public accounting firm, they are consistently surprised by how different we are compared to their previous firms. When they express their appreciation for these differences to me, or other team members, I consider that a great compliment and affirmation that our efforts are working. (Pittsburgh Business Times, PA)
50%: Firm suggests increase in water rates to city officials Oct 24, 2009
KEYSER An accounting firm retained by the city of Keyser is recommending that the city's water rates be increased 50 percent to cover operating expenses and fund loans for the first phase of an $11 ... Jack Miller of the accounting firm Griffith and Associates made it clear at the outset of the meeting that Keyser's water rates are artificially low after years without any upward adjustments, and that they will have to be raised regardless of the project. (Keyser Mineral Daily News Tribune, WV)
Macklowe Worldwide Plaza Successor Wrestles With Towering Vacancy Dilemma Oct 23, 2009
Representatives of accounting firm Deloitte LLP have spoken with Comfort about taking some of the space, according to two people familiar with the discussion. They declined to be identified because they werent authorized to speak publicly about the space. (Bloomberg -- US)
Lawsuit: Madoff's New Friends Include Druggie, Child Molester Oct 23, 2009
" And as the firm grew, as reported by Ross in the "Chronicles," Bernie liked wild times at office parties. "At one Christmas Party, Bernie rented out the entire floor of the disco New York, New York, and there were topless waitresses and waiters in just g-strings," said Little Rick. The lawsuit also brings new accusations against KPMG, a prestigious "Big 4" accounting firm, responsible for so-called independent audits of a several of the largest of Madoff's U.S. "feeder funds," as well as... (ABC News)
Lawsuit likely against PwC over Centro debt Oct 23, 2009
The accounting firm responded in July by filing a defence alleging its auditors were misled and foreshadowing its own cross-claim against Centro's directors. Four months ago Justice Donnell Ryan ordered Centro and PwC to produce documents to the plaintiff law firms, including ''any transcript, note or minute recording what occurred'' at specified meetings between the company and the accounting firm. (Sydney Morning Herald -- Business)
DSS officials: County did no wrong by claiming $9M Oct 23, 2009
He said that DSS was audited yearly by the county s external accounting firm, Pattison, Koskey, Howe and Bucci, CPAs, P.C., but that we didn t choose the auditors, and we would have abided by any correction the auditors found ... Board of Supervisors Chairman Art Baer, R-Hillsdale, said he hadn t heard anything from the accounting firm since reviewing the county s press release announcing the uncollectible claims. (Hudson Register Star, NY)
Politics of Envy Oct 23, 2009
He could probably walk out the door and sign on with another company or get a partnership in an accounting firm that would pay him far more -- and without the hassles and insults. And last I checked, even well-paid indentured servitude was outlawed by the 15th Amendment. (Townhall.com)
Tobacco Companies May Face $192 Billion in Canadian Claims, Judge Says Oct 22, 2009
The company, Canadas federal government and Ernst & Young Inc., the accounting firm appointed by the court to oversee JTIs operations while in bankruptcy, opposed the request. Horse-Trading. (Bloomberg -- Canada)
New president, new stock market, new agreement with regulators for First Chester County Oct 22, 2009
Earlier this month, First Chester announced that it had replaced Chief Financial Officer John Balzarini with Sheryl S. Vittitoe, most recently regional managing director for accounting firm Accume Partners mid-Atlantic practice. Vittitoe previously had served as senior vice president and audit director for Sovereign Bank and also has prior experience as controller of a larger credit union. (Philadelphia Business Journal, PA)
No big plaudits for audits Oct 22, 2009
However, the fundamental problem is that auditing merely is a loss leader for accounting firms. This may come as something of a shock, but auditing provides only about 25 per cent of revenue for most big accounting firms ... This may seem unbelievable in the current climate, but the big four accounting firms have been running a campaign to lower the standards of entry into the profession. (Sydney Morning Herald -- Business)
Budget 2010 will be telecast live Oct 22, 2009
The hotline at 03-22745055 will be conducted by a panel of tax consultants from major accounting firms. It is set up to provide a convenient channel for the public to seek advise from tax experts on any implications from changes in the income tax law. (The Star Online, Malaysia)
Andersen Will Settle Suit Over WorldCom Oct 21, 2009
NEW YORK, April 25 -- Defunct accounting firm Arthur Andersen LLP has agreed to pay $65 million to settle its part of a massive WorldCom Inc. class-action shareholder lawsuit, sources familiar with the deal said Monday ... Sources said that Andersen's settlement was delayed by demands from plaintiffs that the accounting firm disclose all its current holdings ... Andersen, once among the world's biggest and most profitable accounting firms, was convicted in 2002 of obstructing a federal probe... (Yahoo News -- WorldCom/MCI)
Oh no Jew di'nt! Oct 21, 2009
Deny it if you want, but that's the subtext of this so-called "saying" that the firm of Merwin and Ulmer have invented (they do sound like a Jewish accounting firm, don't they. . (Sydney Morning Herald -- Opinion)
How to detect early financial warnings in companies Oct 21, 2009
We need to be careful if there are any changes to the key managers of the companies, auditors or accounting firms. The key managers are referred to the positions like chief executive officers and financial controllers. (The Star Online, Malaysia -- Business)
Madoff Investors Sue KPMG and Major Banks Oct 21, 2009
NEW YORK/LOS ANGELES (Reuters) - Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said ... Cotchett said "KPMG never blew the whistle on fraudulent conduct" at Madoff's British firm, Madoff Securities International Ltd, which the accounting firm audited ... The accounting firm also allegedly failed to catch "red flags" while auditing the feeder... (ABC News -- Wire)
SanDisk Shares Jump on Higher Profit, Revenue Oct 21, 2009
Banks and accounting firm charged with fraud. Oct 20, 2009. (Fox News)
Committee OKs Pine Haven recommendation Oct 21, 2009
The next was to hire a professional accounting firm to assist with the CON application and suggest adjustments to defray capital building costs ... The Pine Haven Subcommittee will work with the accounting firm and architect during the process, as well as continue research of surrounding area nursing homes. (Hudson Register Star, NY)
St. Louis gets $5M state loan for One City Centre overhaul Oct 21, 2009
Additionally, accounting firm has signed a letter of intent to move its base of operations from Town & Country to One City Centre in 2010. The new ownership group of this building is committed to making it a Class A building, said Scott Engelbrecht, principal in charge of the St. Louis office of LarsonAllen. (St. Louis Business Journal, MO)
Shop Talk: The latest scoop in business Oct 21, 2009
This workshop will benefit small business owners, CEOs, CFOs, HR managers, office managers, accountants and accounting firms. The cost of the program is 50 per person and 35 for each additional person from the same organization. (Gaylord Herald Times, MI)
