Campaign promises trouble Atlanta CFO Sep 23, 2009
Norwood later apologized for using the phrase, but stood by her criticism of past accounting practices in city government. Glass wrote a four-page letter dated Friday to the City Council that outlined his concerns. (Atlanta Journal-Constitution -- Metro)
City overpaid employee overtime, audit finds Sep 19, 2009
Asked why the city didn't correct the accounting practice to lower overtime pay earlier, Weddleton said maybe it "fell through the cracks" as the city executives changed jobs. "What might have happened is with the change of administration, the issue got lost," she said. (Anchorage Daily News)
James E. Flaskerud Sep 18, 2009
He worked for several years as a CPA and financial executive before starting his own accounting practice in Charlotte, N.C., in 1985. After retiring, he moved to Ocean Isle Beach, N.C., then Knoxville, Tenn. (Brainerd Daily Dispatch)
The case for keeping Sharp Park Sep 15, 2009
The Recreation and Park Department's accounting practices have created the appearance that Sharp Park golf course is losing money when it is not. These findings were submitted to the Recreation and Park Commission and the Recreation and Park Department. (San Francisco Chronicle -- Opinion)
Coles school tax plan called swap Sep 15, 2009
Mike P wrote on Sep 14, 2009 3:46 AM:" Look up Iowas sales tax. It isn't close to being over 8%, in small towns like ours, from what I could find. What I saw, was the state base is 6%, and 1% out of that goes to schools.Why are the sales pitches still stuck on apples and oranges comparisons? Evidently they paid good money from the consultant for the scripted talking points, and they are going to keep trying to sell the snake oil, no matter what the price.Here is the illinois association of... (Mattoon Journal-Gazette, IL)
Surprise scrambling to fill budget shortfall Sep 10, 2009
The Budget Department failed to carry out a common accounting practice called "reversing accruals," Oliver said. Over the year, city governments accrue revenues that are earned but not yet received. (AZCentral -- News)
* EDITORIAL: Discretionary cash needs oversight Sep 5, 2009
As it stands, the public has little reason to believe that misuse of these funds and questionable accounting practices have changed in the past few years. Short of making the system transparent X President Ma Ying-jeou (^E) had proposed posting a weekly online report detailing the presidential funds use X taxpayers can only hope that a fear of being exposed will keep officials in check. (Taipei Times, Taiwan -- World Business)
Passionate boos, cheers mark Eshoo meeting on health care Sep 4, 2009
Some financial people have said that the current financial crisis occured precisely because of the breakup of Enron and the spread of their accounting practices to other industries. Health care prices rise due to artifical shortages of supplies, just like taking powerplants offline. (Palo Alto Online, CA)
TAM Files Amended 2007 Annual Report Sep 3, 2009
However, we nonetheless concluded that there was a material error that impacted our cash flow statement under Brazilian Generally Accepted Accounting Practices (Brazilian GAAP) and United States Generally Accepted Accounting Practices (US GAAP) for 2007. The eliminated non-cash item represented R$83,951 thousand under both Brazilian GAAP and US GAAP.. (PR Newswire)
Locals weigh in on GAO report Sep 2, 2009
Al White, the Border Patrol agent in charge of the Nogales Station, told the Rotary Club of Green Valley on Tuesday that the GAO report raised concerns about the agency s accounting practices, but on practical issues, my hands are tied. I can t spend money on technology, he told about 30 members of the club at a lunch meeting. (Green Valley News & Sun, AZ)
AIG's New CEO Reaches Out to Aug 28, 2009
Greenberg, 84, was ousted from AIG because he refused to cooperate with an internal investigation into the insurer's accounting practices. Until the government stepped in to prop up AIG last year, Greenberg was the insurer's largest shareholder. (Fox News)
W.H., Congress Project Record Deficits Aug 26, 2009
President Bush had used accounting practices that kept this cost "off the books". Adding this cost to the books as President Obama did -- raised the deficit substantially. (CBS News)
Commissioners may have final say in who replaces Hatton Aug 24, 2009
An audit by the State Board of Accounts earlier this year raised questions about accounting practices in the program; the audit revealed a discrepancy of some $211,000 in what the program should have taken in from participants and what the books actually showed. Plus, another $23,000 was allegedly taken by a former employee, although no charges have been filed in the case, something that also bothers Thompson. (Vincennes Sun Commercial, IN)
Sunday Special: DeNooyer opens performance unit Aug 23, 2009
Bonnie, a fleet manager at in Latham, and her husband, a CPA who runs an accounting practice in Charlton, Saratoga County, met Tanner when their Adirondack Corvette Club held a dyno day at Tanner s shop. Pages: 1. (Albany Business Review, NY)
Glitch in India's transit plan to IFRS Aug 19, 2009
MUMBAI: As India prepares to align the countrys accounting practices with International Financial Reporting Standards or IFRS, a grey area in its implementation is a nagging concern for companies and accounting firms ... As India prepares to align the countrys accounting practices with International Financial Reporting Standards or IFRS, a grey area in its implementation is a nagging concern for companies and accounting firms. (India Times)
* Chinese arent going to end the economic crisis Aug 19, 2009
Dodgy accounting practices, he said, meant that goods count as sold when they leave factories, not when they are actually bought by consumers, and bank loans count towards GDP as soon as they are disbursed, even if companies hoard the cash or use the money to buy shares. Second, Chinas growth has been dominated by investment and exports. (Taipei Times, Taiwan -- World Business)
Report: BB&T in play for Colonial BancGroup Aug 15, 2009
Colonial is also facing a federal criminal probe of accounting practices at its mortgage lending division. Bank regulators are shutting down banks at a rapid pace this year, with more than 70 shuttered and sold to other banks so far in 2009. (Charlotte Business Journal, NC)
Suspension lifted for contractor tied to Murtha Aug 15, 2009
the company has made changes in its accounting practices in exchange for authority to seek government contracts again, Kuchera s lawyer said Thursday night. "> Curious? Search ScoutPA. lect> Your online website and business directory. Daily American Archive Search Search for an Event Search our Classifieds ? Suspension lifted for contractor tied to Murtha By PETE YOSTAssociated Press Writer Rating: 0 Friday, August 14, 2009 10:45 PM EDT WASHINGTON (AP) Despite a growing corruption investigation,... (Somerset Daily American, PA)
Suspension lifted for defense contractor Aug 15, 2009
the company has made changes in its accounting practices in exchange for authority to seek government contracts again, Kuchera's lawyer said Thursday night. The Navy alleged fraud when it suspended the company, which has grown in recent years because of millions of dollars in congressional earmarks sponsored by Rep. (MSNBC -- Politics)
Starke audit full of recommended changes Aug 15, 2009
In addition to the findings on the city's accounting practices, Douglas spent some time discussion the city's financial state. Even though the fund balance for general government was down $30,000 at the end of Fiscal Year 2008, the city still had a good cushion in that fund, according to Douglas. (Bradford County Telegraph, FL)
NYS comptroller reviews village finances Aug 13, 2009
The first three relate to the board s requirement to monitor fiscal record-keeping with monthly reports, cash sheet balances, and pre-printed and numbered receipts, while the last two relate, respectively, to backing up the village s electronic data, and compliance with the state s local retirement system workday accounting practices. Now that the state has finalized its report, the village is provided a further opportunity to respond, and McGunnigle has indicated it will. (Catskill Daily Mail, NY)
AmBev Profit Rises 34% on Higher Brazil Market Share After New Packaging Aug 13, 2009
Last years numbers were revised to account for the new accounting practices. Drinks Volume. (Bloomberg -- Latin America)
A Top Madoff Aide Shatters the Silence Aug 12, 2009
"There is more money to be found," says Kenneth Yormark, leader of consulting firm LECG's () forensic accounting practice. DiPascali Jailed Without Bail. (BusinessWeek)
China Solar & Clean Energy Solutions, Inc. Reports Second Quarter 2009 Financial Results Aug 12, 2009
"I am also satisfied with the visible progress in our corporate-wide efforts to improve our operating efficiency and internal controls to ensure timely financial reporting and regulatory compliance. We began to implement a company-wide ERP system as part of our efforts to standardize accounting practices and to ensure China Solar is fully in compliance with requirements by the Sarbanes-Oxley Act ("SOX"), laying a strong foundation for a sustainable growth," said Mr. Du. Looking ahead, "exciting... (PR Newswire)
Two local Red Cross officials resign Aug 12, 2009
To that criticism, Hansen responded, If you re a corporate entity, do you necessarily convey to your shareholders that you re changing your accounting practices. It s not really relevant to the public because it is a streamlining of business operations. (Logan Herald Journal, UT)
RODOBENS Discloses Its 2Q09 Earnings Release Aug 11, 2009
The financial and operating information are presented on a consolidated basis in accordance with the Brazilian standard accounting practices (BRGAAP) and in Brazilian Reais (R$). 2Q09 Performance Highlights. (PR Newswire)
Forensic accounting probes fraud cases Aug 11, 2009
With every wave of fraudulent activity, the forensic accounting practice at has grown, said Phillip Ostwalt, leader for the Southeast. The decline of the financial markets in the last year to 18 months has exposed some of the large-scale schemes, but there are also a number of small-scale frauds to be addressed, Ostwalt said. (Tampa Bay Business Journal, FL)
Ex-AIG CEO to pay $15 million fine in case Aug 7, 2009
Greenberg was forced out of AIG after charges that the company had engaged in deceptive accounting practices surfaced. A statement on behalf of Greenberg said the ex-CEO believes the settlement was appropriate to help put the matter behind him. (AZCentral -- Business)
Stocks Land on Green, Extend Summer Aug 5, 2009
Existing users please login. Remember me on this computer. (Fox News)
Bookman: 'Water' war not really about water Aug 5, 2009
Almost everything written anti-Atlanta in AJC blogs is racist - with some validity considering the mismanagement of our taxpayer dollars via inexcusable accounting practices, no accountability, unnecessary and expensive lawsuits over airport design/cost overruns, etc. Having said that, does anyone think we are going to make this city a better place to live by condemning it. (Atlanta Journal-Constitution -- Metro)
Investment scams take fraud bill to $100m Aug 4, 2009
Leaner economic conditions were also likely to throw a spotlight on fraudulent activity, Mr Gill said, because margins were lower, business owners were examining accounts more closely and there were fewer staff supervising accounting practices. Two of the most common areas are on the procurement side - where people are setting up a false supplier or vendor within the companys accounting system and then processing false invoices to generate payments which go to their own bank accounts,... (Sydney Morning Herald -- Business)
Court employee accused of theft; audit finds $537,000 missing Aug 1, 2009
"I'd say her supervisor needs to be hung out to dry, too. Sloppy accounting practices in an office where cash is being handled by employees without a double check daily? Reminds me of the incident years ago where the courthouse staff forgot to lock up the vault one night and the contracted janitorial service helped themselves to the loot. In my opinion all state employees work under this attitude: "I work for the state, so in order to keep my job, I don't have to get all my work done today, I... (Waterloo Courier, IO)
Objectives Announced by CEO for Black Dragon Jul 30, 2009
He has begun a concerted effort to improve accounting practices and financial reporting, with the intent of assuring that data are current and complete. He said, "There will be more utilization of computer programs, data analysis, and real-time operations reporting to improve field operations efficiency.". (Primezone Releases)
Will Tolkien's heirs kill off "The Hobbit"? Jul 29, 2009
But the $220 million is almost window dressing; the gun on the mantelpiece in this little drama is the Tolkien family's claim that New Line's byzantine accounting practices amount to a breach of the contract Tolkien originally signed with United Artists 40 years ago. If such a finding were made, the remedy would be clear. (Salon)
SPIN METER: 'Help Wanted' counting stimulus jobs Jul 28, 2009
Oregon's accounting practices would not be allowed as part of the $787 billion federal stimulus. While the White House has made the unverifiable promise that 3. (Fresno Bee -- Local)
Mattoon should review plan to withdraw from EIASE Jul 23, 2009
Mike P wrote on Jul 21, 2009 11:42 PM:" This may be one of those head count accounting practices. Just like allowing charter schools was. Might also be a No Child Left Behind coping mechanism. The religious schools may well be next to shut down to get the head counts up.Not sure if the students sent to the 3rd party, get counted in the districts stats for NCLB compliance, or the state and federal per pupil various funds.I imagine gutting EIASE, depends heavily on the proposed to be proposed... (Mattoon Journal-Gazette, IL)
Morgan Stanley posts third straight loss Jul 23, 2009
3 billion because of an accounting practice. But there were still shortcomings in key areas of Morgan Stanley's business. (Sydney Morning Herald -- Business)
IASB rolls out final accounting guidelines Jul 16, 2009
Bruce Mackenzie, a member of the accounting practices sub-committee on SMEs at the SA Institute of Chartered Accountants (Saica), said the final International Financial Reporting Standards (IFRS) for small businesses lowered the burden of preparing financial statements, which had been cumbersome in the application of the full standards. "The main area of relief is in the property, plant and equipment. This has been simplified. There is no option to revalue assets. "Residual value depreciation... (Business Report, South Africa)
Schools to track stimulus fund help Jul 16, 2009
She said the requirement will create an extra burden on the district's number crunchers, but tight accounting practices for stimulus money will be a priority. If the money is misspent, she said, the federal government might one day want it back. (Brookhaven Daily Leader, MS)
REGION: Valley Center woman tapped to lead county grand jury Jul 16, 2009
As recently as last month, the previous grand jury vindicated a controversial taxpayer "guarantee" involving beds at Palomar Medical Center and took aim at a downtown Oceanside booster group for its accounting practices and more. Each year, the 19-member civil grand jury prepares written reports about its investigations and recommends changes for the agencies. (North County Times)
LETTER: State budget can't be balanced without some kind of tax increase Jul 14, 2009
Mike P wrote on Jul 13, 2009 1:52 PM:" Don't worry, the serfs will be required to fill the feudal lords coffers.They have to drag it out, and put sympathetic programs in the stocks, waiting for the guillotine out in the courtyard for all to see. Turns tyrants into heros, when they make the vote of thumbs up rather than down, as the bucket gets placed to catch one victim after another. Government on all levels has returned the to middle ages in many ways. Creative excuses for grand extravagant... (Mattoon Journal-Gazette, IL)
Bazemore Named Executive Assistant AD Jul 14, 2009
Will join Aggies' senior management group on July 20 overseeing business operations. " Bazemore has been a member of the Wolf Pack's administrative budget staff since 2006. Prior to Nevada, he was the Assistant Athletics Director for Business and Finance at the University of Central Florida from 2001-06. He was also the Assistant Athletics Director of Administration and Finance - and then later Associate Athletics Director - at Jacksonville University during a tenure that ran from 1993-2001. He... (Ucdavisaggies.com)
Looks Like Kiwi Will Be Russia-Bound After All Jul 11, 2009
I still and continue to blame the NHL s accounting practices for why markets like Atlanta struggle. If a team cannot reach the floor of the cap, without revenue-sharing dollars, there ISSSS a problem with where the cap has been set. (Atlanta Journal-Constitution -- Sports)
Sarah is the conservative’s Oprah Jul 9, 2009
There were plenty of concerned voices over the years questioning FNMA s accounting practices and underwriting capacity ... As for concern over FNMA s accounting practices, I am sure you can produce the legislation that came out of the Republican House (they ran the place from 1994 until 2006) expressing that concern. (Atlanta Journal-Constitution -- Opinion)
Rendell makes budget stop Jul 9, 2009
Without that money, the district would have to pull from its reserves to make up the funding shortfall, Superintendent Patricia Sanker said, calling that a bad accounting practice. . (Carlisle Sentinel, PA)
NY Jury Rules for Ex-CEO Greenberg in AIG Legal Battle Jul 8, 2009
Greenberg, 84, was forced out of AIG in 2005 after 38 years as CEO for failure to cooperate with an internal investigation into accounting practices at the insurer that once claimed global dominance. POWERFUL DECISION. (ABC News -- Wire)
Search: Part Time Work Jul 6, 2009
Joining this Salisbury Accounting Practice, you will be involved in a range of Bookkeeping/Accounting activities including preparing tax returns. 3, 4 or 5 days per week, flexible part time. (Sydney Morning Herald -- Business)
Obama, McCain Cite Founding Spirit on 7/4 Jul 5, 2009
"unemployment was lower" because the accounting practices of the "unemployed" didn't count the "underemployed" for the first time in history. "the national debt and deficit were less" - so you're saying that Obama isn't allowed to spend ANY MONEY in running the country. (CBS News -- Early Show)
SEC charges former Beazer exec Jul 2, 2009
Under a deferred prosecution agreement with the department, Beazer accepts responsibility for several fraudulent mortgage origination and accounting practices. The company agrees to pay $10 million immediately to victimized home buyers. (Charlotte Business Journal, NC)
Charges Filed Against Beazer; Settlement Reached Jul 2, 2009
In the deferred prosecution agreement, the company accepted responsibility for fraudulent mortgage originations and accounting practices and agreed to pay $10 million immediately toward restitution to victims. Beazer also agreed to pay up to $50 million as the company, which has been battered by the housing downturn, recovers financially, according to prosecutors and court records. (ABC News -- Wire)
TAM Files 2008 Form 20-F Annual Report in IFRS Jul 1, 2009
In prior years, TAM's annual report on Form 20-F contained financial statements prepared in accordance with Brazilian Generally Accepted Accounting Practices (Brazilian GAAP), with a reconciliation to United States Generally Accepted Accounting Practice (US GAAP). TAM is presenting its financial statements in IFRS now ahead of the compulsory requirement in Brazil that registered companies present IFRS financial statements in their CVM filings for the financial statements for the year ended... (PR Newswire)
Republicans select full slate for Nov. Jun 26, 2009
She said Coyne had implemented recommendations from the Office of the State Comptroller regarding accounting practices and accountability. Pam O Reilly, who seconded Hilgendorff s nomination, said Coyne had inherited a number of problems from the previous administration and deserves a second term in office. (Catskill Daily Mail, NY)
Glacial Lakes receives state waiver to continue buying grain4:40 pm | (No comments posted.) Jun 25, 2009
The accountant was following current standards known as Generally Accepted Accounting Practices. PUC chairman Dusty Johnson of Mitchell referred to the situation Tuesday as a technical issue resulting from a conservative accountant. (Watertown Public Opinion, SD)
SCBT Financial named to Forbes' trustworthy list Jun 21, 2009
According to Forbes, Audit Integrity finds that its 100 Most Trustworthy Companies have consistently shown transparent and conservative accounting practices and solid corporate governance and management. These companies do not play games with revenue and expense recognition, or with asset valuation. (Orangeburg Times and Democrat, SC)
Ulticom Announces Settlement With SEC Jun 19, 2009
MT. LAUREL, N.J., June 18, 2009 (GLOBE NEWSWIRE) -- Ulticom, Inc. (the "Company") (Pink Sheets: - ) announced today a final settlement with the Securities and Exchange Commission (the "SEC") regarding the previously disclosed investigation of the Company's historical option grant and non-option grant accounting practices ... The Complaint arose from the Company's historical option grant practices during the time period from April 2000 through April 2004 and non-option grant accounting practices... (Primezone Releases)
D.C. continues cycle of crisis, then regulate Jun 19, 2009
Obama's plan builds on a proposal by former Treasury Secretary Henry Paulson and accelerates a move toward re-regulation that had its beginning in a 2002 law to crack down on corporate fraud and accounting practices following the Enron and Worldcom accounting scandals. 1. (MSNBC -- Politics)
AIG Worried About Retirement Bonus Plan: Greenberg Jun 19, 2009
Greenberg said that AIG and privately held Starr International had had a public-private partnership for 35 years, but it became strained over time as Greenberg's relationship with AIG became more contentious because of an investigation into AIG's accounting practices. Greenberg, who grew AIG into the world's largest insurer, was ousted from AIG in March 2005. (ABC News -- Wire)
Financial Crisis Shifts Balance Toward Regulation Jun 18, 2009
Obama's plan builds on a proposal by former Treasury Secretary Henry Paulson and accelerates a move toward re-regulation that had its beginning in a 2002 law to crack down on corporate fraud and accounting practices following the Enron and Worldcom accounting scandals. The White House and its backers said the plan would prevent another near-collapse of the nation's financial system. (Click2Houston, TX)
Click to read:Obama To Unveil Plan To Regulate Banks Jun 17, 2009
Do these people have a clue that the wild risk taking and California accounting practices are the root cause of the collapse. Its time to recognize that strict government regulations are needed to protect the economy from this type of failure. (CBS News)
Butte, Missoula YMCAs to partner Jun 17, 2009
The Missoula partnership will improve their business and accounting practices, he said, and Sessions noted that since the Fresh Start campaign kicked off the organization has raised over 150,000 to help pay down their debt. Reporter Tim Trainor may be reached via e-mail at or call 496-5519. (Montana Standard, MT)
Car dealership owner facing federal money laundering charges Jun 17, 2009
Arledge, Ham and Thomas would then advise the purchasers "how to structure payments to evade reporting requirements for cash transactions." Ham and Arledge also disguised the nature of the transactions by labeling them as "leases" instead of "purchases" in their accounting practices. Arledge stored the money in a Richardson bank in three separate accounts under the name of "PEGA, Inc.," according to the indictment. (McKinney Courier-Gazette, TX)
Danger! Horror! Get Out! Jun 4, 2009
The SEC had launched an investigation into Charter's accounting practices. Heavy spending for a cable infrastructure hadn't yielded high enough returns. (MSNBC -- Business)
AG settles with WB Mason regarding customer credit issues Jun 4, 2009
This week Attorney General Martha Coakley s office reached a settlement with Brockton-based WB Mason, Inc. resolving allegations that the office supply company s internal accounting practices led to mishandled credits of its business customers credits resulting in the improper write-off of those credits from WB Mason s electronic accounting systems for business accounts. As a result of today s settlement, WB Mason will pay $545,000 to the Commonwealth and is prohibited from engaging in any... (Wakefield Daily Item, MA)
Palo Alto council apologizes for theater probe Jun 3, 2009
" But that did not imply criminal intent, he stated. On Monday night, Councilmen Yiaway Yeh and Greg Schmid argued that the council should complement its formal apology with a request for an audit that would aim to fix the accounting problems Gennaco identifies. But their council colleagues argued that integrating accounting practices into the council resolution would only dilute the city's apology. Councilman Pat Burt, who chaired a council subcommittee that supervised the audit, said the... (Palo Alto Online, CA)
Winona property values up slightly Jun 2, 2009
Council members also got a first look at the city s annual audit, which found no problems with its budgeting and accounting practices in 2008. The estimated market value of property in Winona increased 0. (Winona Daily News, MN)
