Federal Task Force Targets Financial Fraud Nov 18, 2009
The panel which replaces a Corporate Fraud Task Force established by the Bush Administration in 2002 following a spate of corporate accounting scandals is to hold its first meeting within 30 days. Trial and Imprisonment. (BusinessWeek)
Xtreme Coil Achieves Record Third Quarter EBITDA and Operating Days and Provides Update Nov 13, 2009
In addition, Xtreme Coil has centralized the corporate accounting function in the Houston, Texas office. Furthermore, during 2009 3Q United States-based general accounting activities were moved from Casper, Wyoming to the Company's Houston, Texas headquarters in an effort to reduce costs and enhance coordination and efficiency. (CCNMatthews Press Releases)
Bear Stearns acquittals may force prosecutors to rethink cases Nov 12, 2009
That s a sharp contrast to the 2002 corporate accounting scandals that engulfed , , and other companies. Back then, perp walks seemed to occur almost daily, and news conferences brought announcements of charges against a series of executives and high-profile individuals. (Boston Globe)
Chanos Condemns `Monstrous Idea' That Banks Love Nov 11, 2009
Corporate accounting standards are currently set by the. Those standards are overseen, and enforced by the. (Bloomberg -- Columnists)
Healthcare Bill Would Hit 5.4 Percent Tax on Wealthy Oct 30, 2009
The House health care bill released Thursday raises most revenue by taxing individuals making $500,000 or more, but also tightens rules for corporate accounting and takes aim at foreign companies working in tax havens. The $894 billion bill, a product of months of negotiations between three congressional committees, must now be reconciled with a Senate version, where many of the provisions could change. (Newsmax)
Gilberto Zaldivar, 75, Latin theater producer Oct 9, 2009
In New York, Mr. Zaldivar found work in corporate accounting and eventually became an executive at Diners Club. But the theater had always fascinated him. (Boston Globe)
People on the Move: Sept. 28 Oct 6, 2009
Prior to joining Ryan & Wetmore, Lucero served as corporate accounting manager at in D.C. Kelly Lasagonicz has been hired as a staff accountant in Frederick; Jason Dudas has been hired as a staff accountant in Vienna and Bethany Bouw has been hired as a staff accountant in Silver Spring. Banking & Finance. (Washington Business Journal, DC)
Corporate fraud may be leveling off Oct 1, 2009
The Network helps corporations monitor alleged fraud and misconduct, as mandated by the 2002 Federal law know as the Sarbanes Oxley Act, which was passed in the wake of such huge corporate accounting scandals as Enron and WorldCom. Over the past three years the company has recorded about 76,000 reports of corporate fraud received by the Network through "whistle-blower " network of telephone lines and the Internet, and other contact points, in which the tips can be delivered anonymously. (Atlanta Journal-Constitution -- Business)
NJIT expert on market failure says letting Lehman go was good thing Sep 11, 2009
"SIVs: Could You Survive a Financial Collapse?" appeared in The Journal of Corporate Accounting and Finance. Ehrlich believes that structural adjustments to financial markets that may occur through either financial innovations or via government actions often have unexpected consequences. (EurekAlert!)
Five People Who Stayed Clean in Banking's Bilge Sep 10, 2009
According to his letter, St. Denis told the divisions general counsel he could not accept the risk to AIG and myself of being isolated from corporate accounting policy personnel. He also briefed AIGs internal and outside auditors. (Bloomberg -- Columnists)
Fair value, mark-to-market at the center of heated debate Sep 2, 2009
But the changes in corporate accounting known as Fair Value Accounting and mark-to-market have ignited a firestorm of debate among bankers, developers, business leaders, CPAs and auditors, about the impact of these rules on companies and financial institutions left reeling from the fallout of the real estate sector and the collapse of the capital market. The rule changes, developed over 30 years to protect investors from malfeasance, were designed to promote transparency for investors and to... (Atlanta Business Chronicle, GA)
Oxley Elected Chairman of Ethics Resource Center Aug 19, 2009
were the primary sponsors of the 2002 Sarbanes-Oxley law that tightened corporate accounting rules after scandals that engulfed Enron Corp., WorldCom Inc. and other big corporations. Many business executives were critical of the law, saying it included provisions that made U.S. companies less competitive in the global economy. (ABC News -- Wire)
LECG, Smart merging Aug 19, 2009
Most of that growth occurred during the past eight years, as the firm, originally focused on accounting and audit services, capitalized on the corporate accounting scandals that led to Sarbanes-Oxley Act. Smart acquired several consulting practices from bigger firms that now felt a conflict between audits and consulting work. (Philadelphia Business Journal, PA)
Hollywood is showing a reel interest in hard-hit Michigan Aug 17, 2009
But it takes training to transition from corporate accounting to movie accounting. "The movie industry doesn't want to bring those people in," he says. (USA Today -- Money)
SmartPros Reports Second Quarter 2009 Financial Results Aug 12, 2009
Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, governmental and not-for-profit accounting, financial services, banking, engineering, legal, ethics and compliance, and information technology. SmartPros is a leading provider of professional education products to Fortune 500 companies, as well as the major firms and associations in each of its professional markets. (Primezone Releases)
Fewer Americans applauding Fed’s performance, poll suggests Jul 28, 2009
That was down sharply from the 53 percent who thought the Fed was doing an excellent to good job in a survey in 2003, when then-Fed chief Alan Greenspan was steering a fragile economy back from the 2001 recession, terror attacks, and corporate accounting scandals. The poll asked about nine government agencies. (Boston Globe)
NY police probe for causes of wrong-way crashes Jul 28, 2009
Schuler had worked in the corporate accounting department of Cablevision since March 1998, the company said in a statement, calling her a "beloved friend and colleague.". Associated Press Writer Frank Eltman on Long Island contributed to this report. (Rhinelander Daily News, WI)
Carbon Accounting: Currency of the Future? Jul 14, 2009
This protocol, whose full title is "A Corporate Accounting and Reporting Standard", provides a framework for companies to establish carbon emission inventories. Bright future ahead. (Energy Pulse, CO)
Accounting Board's Lobbyists Stress Independence Jun 26, 2009
The rule-setting board for corporate accounting has a rocky history of bumping up against lawmakers often acting at the behest of powerful business interests. It has been criticized by some as spineless in the face of pressure from Congress. (ABC News -- Wire)
SCBT Financial named to Forbes' trustworthy list Jun 21, 2009
Audit Integrity is an independent financial analytics company based in Los Angeles that looks beyond the raw data on income statements and balance sheets to assess the true quality of corporate accounting and management practices. SCBT Financial is the parent company of SCBT, the third largest bank headquartered in South Carolina. (Orangeburg Times and Democrat, SC)
Feds: Ex-Cendant Chairman's Divorce a Ploy to Dodge $3.2 Billion Payout Jun 19, 2009
The Cendant case was among the first in a series of corporate accounting scandals that sparked outrage from investors in recent years. Forbes was convicted in 2006 of conspiracy to commit securities fraud and two counts of making false statements. (Law.com)
Read the story Jun 17, 2009
While the SEC did get some information from a whistle=blower that the fund had problems, the evidence was hearsay and statistical, not hard evidence, and the only way to get the relevant financial information was sub poena Further, as a relatively small and underfunded goverment agency, they do not have the resources to investigate every potential fraud (the entire SEC is smaller than the corporate accounting division of most major corporations. I personally would prefer that they put the... (CBS News -- Evening News)
Six Beavers earn All-Academic recognition Jun 2, 2009
Sioux Falls, S.D./Lincoln) Mathematic Corporate Accounting * Elizabeth Ahrendsen (So. Clarion, Iowa/Clarion-Goldfield) Biology/Spanish * Andrea Ahrendsen (Sr. (Storm Lake Pilot Tribune, IA)
Key ingredient to San Jose chef's success is no subsidy May 28, 2009
In lean economic times, offers of free food can definitely whet the appetite of your average corporate accounting department. What Corporate Chef Inc. President Lloyd Russell offers his business and education clients isn t completely free. (San Jose Business Journal, CA)
Groundbreaking proposals unveiled for the inclusion of climate change data in annual reports May 26, 2009
The Carbon Disclosure Project (CDP), which holds the largest corporate climate change database in the world, is at the forefront of developments in climate change disclosure and, in addition to being a board member, acts as secretariat to the CDSB. The GHG Protocol's 'Corporate Accounting and Reporting Standard' is being used as the basic emissions reporting standard and underlies the CDSB framework. Lois Guthrie, CDP's Technical Director and Secretary to CDSB, declared: "The CDSB is about... (EurekAlert!)
Exiting Sunrise CFO gets hired at SRA May 20, 2009
In his new job, Nadeau will be responsible for the company s financial operations, including all corporate accounting, financial strategy and business planning. He will oversee the corporate controllership, treasury and tax functions, and play a part in the company s mergers and acquisitions, balance sheet management and capital investment decisions. (Washington Business Journal, DC)
Research On Emerging Capital Markets May 14, 2009
However, due to the wake of corporate accounting scandals and unethical business practices of Enron and WorldCom, investors are very careful and hesitant in making investment decisions. Therefore, for Ghana to build or win investors confidence there is the need for similar high level standards equivalent to Basel. (Ghana Web, Ghana)
Anti-tax message fits protesters to a Tea Apr 17, 2009
That was the one that the Wall Street Journal and Ron Paul were howling about, pointing to it's intrusive and costly meddling in corporate accounting rules. If anyone thinks that amounts to 'deregulation', seek therapy. (The Herald-Mail Online)
Tempted to Buy Bank Stocks? Better Think Twice Apr 7, 2009
"The change in the way banks have to account for these special purpose entities will mean great danger for their capital ratios," says corporate accounting expert Robert Willens. Stock prices can rise sharply on the prospect on improving profits. (Time.com)
Charter files for bankruptcy Mar 30, 2009
HealthSouth president and CEO Jay Grinney credited Doody with helping the company redirect its focus in the wake of a multibillion-dollar corporate accounting fraud perpetrated under prior management. The bankruptcy, filed in U.S. Bankruptcy Court for the Southern District of New York, was pre-arranged in that the major creditors agreed to the bankruptcy terms before the petition was filed, allowing the plan to move more quickly through court. (Boston Business Journal, MA)
Norfolk Southern Names Stewart and Allison to Key Finance Positions; Romig Retires Mar 25, 2009
Stewart joined NS in 1983 as assistant manager of accounting systems and served as manager financial reporting, director corporate accounting, and assistant vice president corporate accounting before being named vice president and controller in 2003 ... Allison joined NS in 1993 as manager audits and served as director internal audit, assistant vice president strategic sourcing, and assistant vice president accounting operations before being named assistant vice president corporate accounting in... (PR Newswire)
SMC hires vice president, Iapalucci Mar 12, 2009
Previously, Iapalucci worked seven years at Eastman Kodak as director of corporate accounting. While at Eastman Kodak, Iapalucci supervised 21 employees with an operating budget of 2 million. (Dowagiac News, MI)
Carbon Credit Certification Mar 3, 2009
World Resources Institute GHG Corporate Accounting and Reporting Standard: The WRI GHG Protocol was developed in partnership with the World Business Council for Sustainable Development. This protocol is recognized worldwide and has been adopted as the reporting standard by governments throughout the world including the Environmental Protection Agency of the United States. (Suite101.com)
Murray State alum associate producer of ‘CMA Awards' Mar 1, 2009
It's refreshing coming from a corporate accounting background. CMA, with headquarters located in Nashville, serves as the trade association for the country music industry and the eminent promoter of country music. (Murray Ledger & Times, KY)
Savient Announces Appointment of David Gionco as Chief Financial Officer Feb 13, 2009
Through his career, Mr. Gionco has held various audit, corporate accounting, financial planning, finance and controller roles of increasing responsibility at companies including Medco, Merck & Co., Progenics Pharmaceuticals and Odyssey Pharmaceuticals, where he served as Acting Chief Financial Officer/Director of Finance and Controller before joining Savient. In addition, Mr. Gionco has 7 years of financial auditing experience with a major public accounting firm. (PR Newswire)
Charter hires turnaround expert Feb 12, 2009
HealthSouth president and CEO Jay Grinney credited Doody with helping the company redirect its focus in the wake of a multibillion-dollar corporate accounting fraud perpetrated under prior management. Last month, Charter missed $73. (Milwaukee Business Journal, WI)
Nortel's bankruptcy leaves former workers without safety net Feb 11, 2009
The company was done in by a corporate accounting scandal, mounting debt and mismanagement, problems that were exacerbated by declining sales and the global recession. Nortel warned in its bankruptcy filing that without protection from creditors, it could run out of cash in the second quarter. (Fresno Bee -- Business)
