06/24/13 Comprehensive Real-Time News Feed for Accounting

• OSC orders hearing into Ernst & Young audit of footwear maker Zungui Haixi _{2013-06-24, 09:02 pm}
  The Ontario Securities Commission has ordered a hearing into allegations of shortcomings by accounting firm Ernst & Young LLP in its audits of Zungui Haixi Corp. The commission announced Monday that it will hold a hearing July 15 into claims made by OSC staff that the auditors failed to sufficiently heed "multiple red flags" about the revenue and ... (more)
• Riding the Tailwind of an Aviation Renaissance _{2013-06-24, 07:35 pm}
  While airlines continue to be challenged by high expenses, revenue growth has recovered to pre-recession levels as the aviation industry enjoys the tailwind of a lengthy renaissance.
• OSC orders hearing into Ernst & Young audit of footwear maker Zungui Haixi _{2013-06-24, 06:59 pm}
  The Ontario Securities Commission has ordered a hearing into allegations of shortcomings by accounting firm Ernst & Young LLP in the audit of a disgraced Chinese footwear manufacturer.
• Kansas City Business Journal recognizes CFOs of the Year _{2013-06-24, 06:23 pm}
  Today, chief financial officers of 12 Kansas City companies and nonprofit organizations were the center of attention at the Kansas City Business Journal's CFO of the Year awards luncheon.
• CarMax Inc. - Shareholder/Analyst Call _{2013-06-24, 05:16 pm}
  Good afternoon, and thank you for coming today. As you know, I'm Eric Margolin, Senior Vice President and General Counsel and Corporate Secretary of CarMax, and it's my pleasure to welcome you to CarMax's 2013 Annual Meeting of Shareholders.
• Guide issued for tying primary care to regional organizations _{2013-06-24, 03:42 pm}
  The Agency for Healthcare Research and Quality has developed a new guide to help primary care practices to assess readiness for connecting electronic health records to regional health information organizations .
• OSC alleges Ernst & Young failed on Zungui Haixi audit _{2013-06-24, 03:17 pm}
  The Ontario Securities Commission has launched new allegations against accounting giant Ernst & Young LLP, saying it failed to meet proper standards in its audit of disgraced Chinese shoemaker Zungui Haixi Corp. The Ontario Securities Commission has launched new allegations against accounting giant Ernst & Young LLP, saying it failed to meet proper ... (more)
• Concierge - Security _{2013-06-24, 03:01 pm}
  By applying to a job using Monster.com you are agreeing to comply with and be subject to the Monster Terms and Conditions and Privacy Policy for use of our website.
• Men's Wearhouse founder resigns from board, WSJ reports _{2013-06-12, 03:00 am}
  Men's Wearhouse founder resigns from board, WSJ reports Men's Wearhouse founder George Zimmer, who last week was ousted as chairman, has resigned from the company's board of directors, reports The Wall Street Journal, citing a letter sent by Zimmer to the company's directors.
• U.S. Tourism Industry Spending Outpacing National GDP Growth: US Bureau of Economic Analysis_{2013-06-24, 02:09 pm}
  Spending on U.S. travel and tourism rose by 6.8 percent in the first three months of 2013, compared to national gross domestic product growth of 2.4 percent in the same quarter.
• Obama Nominates a Pentagon Inspector General _{2013-06-24, 02:07 pm}
  ... for the Securities and Exchange Commission. His background includes private-sector experience as director of the accounting firm KPMG LLP and a stint as executive vice president...
• OSC accuses Ernst & Young of shoddy audit of Toronto-listed Zungui Haixi _{2013-06-24, 01:55 pm}
  Accounting firm Ernst & Young LLP is facing new allegations from the Ontario Securities Commission that it failed to properly audit the books of a small Chinese athletic-shoe manufacturer.
• Geeks oust miners among Australia's rich _{2013-06-24, 01:36 pm}
  Entrepreneur Mike Cannon-Brookes, co-funder of software firm Atlassian gestures during a Reuters interview in central Sydney June 5, 2013.
• Donald J. Kintzer Joins CABC Board of Directors _{2013-06-24, 01:30 pm}
  ... for Lafayette College (Easton, PA) and is on the Forensic Advisory Board for Golden Gate University's School of Accounting. He is a member of the American Institute of Certified Public Accountants (CPAs) and the California Society of CPAs. He also ...
• Today at DIA: Deloitte, Intermountain Launch OutcomesMiner Solution _{2013-06-24, 12:49 pm}
  ... subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. As used in this document, "Deloitte" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see ...
• Franklin Square CEO Named Regional Winner Of Ernst & Young Entrepreneur Of The YearA 2013_{2013-06-24, 12:30 pm}
  Regional award winners go on to compete at the national level. Mr. Forman was chosen from a pool of accomplished executive leaders from 27 different firms from around the region who were selected last month as finalists by Ernst & Young.
• Grant Thornton Boston Office Relocates _{2013-06-24, 11:14 am}
  Grant Thornton LLP has relocated its Boston office to 75 State St. The total space leased is 41,369 square feet.
• Redlands regents to meet about debt, president _{2013-06-24, 09:06 am}
  ... a special meeting to discuss the college's financial situation and its president. A recent report by the accounting firm BKD LLP found that Redlands owes about $1.1 million in unpaid bills. The report also says Redlands failed to obtain competitive ...
• Opening Bell: 06.24.13 _{2013-06-24, 06:39 am}
  Average pay of top bankers drops 10% The analysis of total pay awarded to the heads of 15 banks, exclusively compiled for the FT by Equilar, a US pay research group, shows that they took home $11.5m on average in 2012, 10 per cent less than in the previous year.
• FinancialForce CEO Addresses Challenges and Change in Accounting Tech _{2013-03-06, 11:13 am}
  As the face of accounting technology changes, so too does the myriad of challenges and questions surrounding the role of accounting professionals and the products and services they use.

04/18/13 The Raw Accounting Newsfeed

Comprehensive Real-Time News Feed for Accounting.

• Law Offices of Howard G. Smith Announces Investigation On Behalf of... _{2013-04-18, 08:21 pm}
  ... the Company's Board of Directors, after PwC advised the Company of material weaknesses in the Company's internal accounting controls. PwC identified certain issues that may have a material impact on the fairness or reliability of Magnum Hunter's ...
• Stock gains create hope for IPO turnaround _{2013-04-18, 08:05 pm}
  Last May, Facebook's overpriced initial public stock offering helped sour investors on young companies - essentially blocking many firms looking to sell shares to the public for the first time.
• Venture funding in Colorado slips in the first quarter _{2013-04-18, 07:59 pm}
  Venture-capital investments in Colorado dived for the second quarter in a row, raising worries that a key source of financing for emerging companies may be drying up.
• PRGX Global, Inc. Announces Preliminary First Quarter 2013 Financial... _{2013-04-18, 07:48 pm}
  PRGX Global, Inc. , the world's leading provider of recovery audit services and the pioneer in Profit Discovery , today announced certain information relevant to its financial performance in 2013, including preliminary financial results for the quarter ended March 31, 2013 and information pertaining to its Healthcare Claims Recovery Audit service ... (more)
• Herbalife Unlikely to Hire Auditor Before Investor Meeting _{2013-04-18, 07:28 pm}
  Herbalife Ltd. said it isn't likely to hire an outside auditor before it holds its annual shareholder meeting next week, to replace KPMG LLP which resigned after saying a partner leaked inside information.
• Predictix appoints new EVP and chief scientist _{2013-04-18, 07:22 pm}
  Menich is one of the foremost innovators in predictive analytics for Fortune 500 enterprises.
• PPG chairman notes strategic progress, record financials during annual meeting _{2013-04-18, 07:15 pm}
  ... ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2013. Shareholder votes were not sufficient to approve the proposal to amend the company's Articles of Incorporation to provide ...
• Predictix Names Ron Menich as EVP and Chief Scientist _{2013-04-18, 06:37 pm}
  Predictix today named Ronald P. Menich, Ph.D., as EVP and Chief Scientist. Menich is one of the foremost innovators in predictive analytics for Fortune 500 enterprises.
• What earnings reports reveal about online ads _{2013-04-18, 06:33 pm}
  Companies that sell online advertising have begun releasing earnings reports for the latest quarter.
• SEC Aims To Move Past Financial Crisis Cases _{2013-04-18, 05:56 pm}
  ','', 300)" onmouseout="hideddrivetip()">Ernst & Young LLP adds supply chain and risk management professionals to its climate change and sustainability services practice Insiders know more, are better prepared and generally more successful.
• Ernst & Young Names Joe Krivickas Entrepreneur Of The Year Semi-Finalist in New England _{2013-04-18, 05:36 pm}
  The awards program recognizes high-growth entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
• Councillor strikes deal with bank to wipe debts _{2013-04-18, 04:34 pm}
  Marlborough District councillor David Dew and the Bank of New Zealand have come to a confidential agreement that wipes the debt from Mr Dew's liquidated companies.
• University students honor life of 'bubbly chatterbox' Lu _{2013-04-18, 03:37 pm}
  LESS than 24 hours before she died, Lu Lingzi sent an exuberant email to a professor after learning she had passed part of a major final exam.
• Cegedim Relationship Management Announces Global Partnership with... _{2013-04-18, 02:27 pm}
  Cegedim Relationship Management today announced a strategic partnership with Concur .
• Corio announces resolutions of AGM of 18 April 2013 _{2013-04-18, 02:20 pm}
  On 18 April 2013 the Annual General Meeting of Shareholders of Corio was held, at which the following resolutions were passed: Agenda item 3 The Financial Statements for the 2012 financial year were adopted.
• Boston marathon: "You could hear runners screaming as they found out" _{2013-04-18, 01:42 pm}
  Charity runner Sarah McGarel was just half-a-mile from the finish line of the Boston Marathon when the two explosions - which claimed the lives of three people - went off.
• Internet Advertising Soars on Mobile Ad Gains _{2013-04-18, 12:45 pm}
  The Interactive Advertising Bureau and PricewaterhouseCoopers said that mobile ad revenue more than doubled to $3.4 billion, accounting for nine percent of total Internet ad revenue last year.
• Food Manufacturers: Are You Prepared for the Patient Protection and Affordable Care Act? _{2013-04-18, 03:00 am}
  According to a study by Market Strategies International, up to 60 percent of employers in the United States were waiting for the outcome of the 2012 presidential election before preparing to respond to requirements of the Patient Protection and Affordable Care Act .Those employers now need to move quickly to manage this new business risk.
• In Kenya, technology revolutionizes TB management _{2013-04-17, 11:04 pm}
  NAIROBI, 18 April 2013 - The use of technology is revolutionizing the way Kenya manages tuberculosis .
• eBay Inc. - Shareholder/Analyst Call _{2013-04-18, 01:52 pm}
  Good morning. I'm Ned Barnholt, one of the members of the Board of Directors at eBay.

04/15/13 The Raw Accounting News Feed

Comprehensive Real-Time News Feed for Accounting.

• Grant Thornton Ranked Among Top Employers in Vault Accounting 50 _{2013-04-15, 03:17 pm}
  Vault.com, the leading career resource for employer ratings and rankings, has ranked Grant Thornton LLP third on its Vault Accounting 50, an annual ranking of the best accounting employers to work for in North America.
• Concur says demand up but delays slow revenue _{2013-04-15, 02:46 pm}
  Concur Technologies Inc. said Monday that it expects its fiscal second-quarter revenue may come in below its prior forecasts but that is because higher demand has slowed its completion time for customers.
• Concur says strong demand slows revenue _{2013-04-15, 01:53 pm}
  Concur Technologies said Monday that it expects its fiscal second-quarter revenue may come in below its prior forecasts but that is because higher demand has slowed its completion time for customers.
• Notification of the Annual General Meeting of Byggmax Group AB _{2013-04-15, 01:33 pm}
  Shareholders of Byggmax Group AB , Corporate Registration Number 556656-3531, are hereby notified of the Annual General Meeting to be held on Wednesday, May 15, 2013, at 10:00 a.m. at Primus Konferens, Primusgatan 18 inStockholm.
• CNBC Host Suze Orman and Ernst & Young LLP Leaders Discuss Tax-Filing ... _{2013-04-15, 01:29 pm}
  ... or family, the financial hurdles affect their bottom line and their family of six. "We pay twice as much for our accounting fees each year for him to navigate his way through filing our taxes," said Young. "Because of DOMA, we have to file our ...
• joins OpenOffice.org _{2013-04-15, 01:21 pm}
  See the press release "IBM joins the OpenOffice.org community to develop and promote OpenOffice.org technology". It says, in part,10 September 2007 - The OpenOffice.org community today announced that IBM will be joining the community to collaborate on the development of OpenOffice.org software.
• Tax day brings lines to post offices, keeps tax preparers hopping _{2013-04-15, 12:35 pm}
  Tax preparers and post offices started the day off and running this morning, on the day known nationwide as "tax day." "It's been solid," said Karen Lencioni, postal worker at the Enola Post Office , since opening at 8 a.m. "Have a nice day - tomorrow will be better," customer Chuck Jensik of Mechanicsburg told her after mailing his tax form.
• FinancialForce CEO Addresses Challenges and Change in Accounting Tech _{2013-03-06, 11:13 am}
  As the face of accounting technology changes, so too does the myriad of challenges and questions surrounding the role of accounting professionals and the products and services they use.
• Now That April 15 Is Upon Us, Is It Time To Dump H&R Block? _{2013-04-15, 11:32 am}
  Since we rang in the New Year, the stock price has grown as much as 59.8% before finishing the last week before tax due date at 28.58, still a 53.9% gain this year.
• Designing B2B Brands _{2013-04-15, 10:44 am}
  John Wiley and Sons, Inc., today announced the publication of Designing B2B Brands: Lessons from Deloitte and 195,000 Brand Managers .
• Tips for meeting Monday's midnight tax deadline _{2013-04-15, 10:17 am}
  They'll be at CNM's main campus from 9 a.m. to midnight, Montoya from 8 a.m. to 7 p.m.; South Valley from 9 a.m. to 1 p.m.; Westside from 12 p.m. to 7 p.m. and the New Mexico Taxation and Revenue Office from 8 to 4 p.m. People will need a photo ID, last year's tax return, W-2 and any 1099's or 1098's. -If you can't complete your taxes on time, you ... (more)
• Pinnacle Strategies Announces Oslo Event on Improving Margins and... _{2013-04-15, 10:11 am}
  Complex oil and gas projects will be focusing on margins and capacity limits during the next few years.
• TSI Semiconductors Adds Three _{2013-04-15, 09:52 am}
  ... and Somerset Capital Group. Prior to joining Wafra, he worked in the Transaction Services group of international accounting firm KPMG LLP, specializing in private equity due diligence and financial transactions.Gontar also is the co-founder and ...
• UPDATE 1-Lehman Europe creditors may be repaid in full _{2013-04-15, 09:50 am}
  Creditors of the European arm of U.S. investment bank Lehman Brothers may eventually be repaid in full, administrators dealing with the biggest bankruptcy in history said on Monday.
• Bestoutcome launches the Change Readiness Assessor for Apple iPhone and iPad _{2013-04-15, 09:49 am}
  Available via the iTunes App Store and priced at A 1.49 , the app helps senior managers who are about to implement a new way-of-working into their business to gauge whether their organisation is prepared for the change.
• Concur says Q2 revenue growth will be slightly less _{2013-04-15, 09:22 am}
  Redmond-based travel and expense software company Concur Technologies Inc. said second-quarter revenues won't grow as much as it predicted earlier.
• Ingersoll Rand Announces Chief Financial Officer and General Counsel for New Security Company_{2013-04-15, 09:21 am}
  ... the new security company. He will be a key member of the senior management team and will provide counsel on the accounting, audit, financial analysis, investor relations, tax and treasury functions to the executive leadership team and the Board of ...
• Lehman Brothers European creditors to get all 15bn owed _{2013-04-15, 09:12 am}
  We've found an existing account with the given email. To link the social network identity with your site account, please provide the site password for the provided email.
• Two USU Graduates Earn the Prestigious "Sells Award" for Highest... _{2013-04-15, 08:31 am}
  ... earn prestigious award for earning top scores on CPA exam. Each has already landed a position with a major accounting firm. This is unheard of really," Nixon said. "It's wonderful that USU has two winners. That just says a whole lot about the ...
• TSI Semiconductors Appoints Three to Executive Team _{2013-04-15, 08:00 am}
  ... and Somerset Capital Group. Prior to joining Wafra, he worked in the Transaction Services group of international accounting firm KPMG LLP, specializing in private equity due diligence and financial transactions. Gontar also is the co-founder and ...

Twitter Names Brand You Author Bethany Williams as One of the 'Top 100 to Follow'

Brand You and Live Your Dreams author Bethany Williams was listed on "March 2013 Top 100 Branding Experts to Follow" on Twitter by EvanCarmichael.com, one of the world's most popular websites for entrepreneurs.

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'Brand YOU' Author Bethany Williams Makes Twitter's Top 100 to Follow List

Brand You and Live Your Dreams author Bethany Williams was listed on "March 2013 Top 100 Branding Experts to Follow"on Twitter Brand You and Live Your Dreams author Bethany Williams was listed on "March 2013 Top 100 Branding Experts to Follow" on Twitter by EvanCarmichael.com, one of the world's most popular websites for entrepreneurs.

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Tax glitch delays refunds, angers Block customers

H&R Block is the biggest tax-preparation service in the United States — and this year that may not be such a good thing.

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Rising Star: Adlai Chester

... if we aren't good at something. If something needs done, get it done. In college, I had four internships in accounting. The other piece is always trying to learn and go the extra mile. * What was your first job or entrepreneurial experience? How ...

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Regions ready to discuss central contracts, but only in the PRGB

THE four rugby regions insist they are not dead set against the idea of central contracts - but have stressed that the detail would need to be thrashed out at the Professional Regional Game Board.

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'Brand YOU' Author Bethany Williams Makes Twitter's Top 100 to Follow List

Brand You and Live Your Dreams author Bethany Williams was listed on "March 2013 Top 100 Branding Experts to Follow"on Twitter Your challenge is to create a unique brand for YOU or your business that will diffferentiate you and be top of mind when they need your products/services. Bethany Williams Brand You and Live Your Dreams author Bethany ... (more)

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Tips For Paying Less For Tax Preparation

Whether recent experience has pushed you to dump your 2012 tax return preparer or you're scrambling for a last-minute guy, there are just a few points to consider for getting the job done right at a low cost.

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Dillard Siblings Realize $100 Million From Stock Options in 2012

... traded Class A shares. Shareholders will vote on re-electing three other Class A board members and approve the accounting firm KPMG LLP for fiscal 2013. The board, though, is controlled by the Dillard family members under a dual-class stock ...

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VC investment continued to fall in 2012

U.S. venture capital investment activity fell to $29.7 billion in 2012, down 15 percent from the prior year.

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CMS Energy Announces Nominees For Board Of Directors

Shareholders will be asked to ratify the appointment of PricewaterhouseCoopers, LLP, as the company's independent registered public accounting firm for 2013.

News Source

04/05/13 Comprehensive Real-Time News Feed for Accounting.

• RPDG, Inc. CEO and Founder Tony Moran Has Been Announced as... _{2013-04-05, 04:39 pm}
  ... others with their vision, leadership and achievement. About Ernst & Young Ernst & Young is one of the "Big Four" accounting firms and a global leader in assurance, tax, transaction and advisory services. For more information, please visit ey.com. ...
• Envestnet Provides Update on Form 10-K Filing _{2013-04-05, 04:22 pm}
  As Envestnet indicated in its April 3, 2013 Current Report on Form 8-K, on April 2, 2013 its Audit Committee engaged KPMG LLP to re-audit Envestnet's financial statements for the year ended December 31, 2010 as a result of independence concerns with its prior auditor.
• If Corporations Are People, I'm All for DOMA _{2013-04-04, 10:49 pm}
  Under the Supreme Court's Citizens United ruling, corporations are now granted the rights of living people -- specifically the right to make unlimited financial contributions to political campaigns.
• Spain's Pescanova seeks insolvency amid boardroom fight _{2013-04-05, 03:59 pm}
  Negotiations with creditors are deadlocked and the group is at odds with its auditors amid an atmosphere of mistrust and management infighting, sources told Reuters.
• UPDATE 3-Spain's Pescanova seeks insolvency amid boardroom fight _{2013-04-05, 03:53 pm}
  Spain's Pescanova, one of the world's largest fishing companies, is filing for insolvency after a month of boardroom battles ended in stalemate and put the future of the debt-laden group at risk.
• Air Lease Offers A Young Fleet Of Efficient Planes _{2013-04-05, 03:40 pm}
  In the late 1950s, John Plueger's mother bought him a model airplane kit that he eyed at a toy store.
• Ernst & Young Announces Semifinalists for 2013 Entrepreneur Of The YearA Awards in Orange County _{2013-04-05, 03:22 pm}
  Apr. 5, 2013 - TUSTIN, Calif. -- Ernst & Young LLP today announced the 27 semifinalists for its 2013 Ernst & Young Entrepreneur Of The Year A Awards in Orange County.
• LibreOffice _{2013-04-05, 02:33 pm}
  There are also a good and growing number of free software extensions] and templates] available.
• The Number-One Mistake Investors Make During Tax Season _{2013-04-05, 01:39 pm}
  Those who haven't paid may be starting to scramble, turning to H&R Block for last-minute assistance.
• RPDG, Inc. CEO & Founder Tony Moran has been announced as... _{2013-04-05, 11:45 am}
  ... others with their vision, leadership and achievement. About Ernst & Young Ernst & Young is one of the "Big Four" accounting firms and a global leader in assurance, tax, transaction and advisory services. For more information, please visit ey.com.
• HVS Emea Hospitality Newsletter - " Week Ending 5 April 2013 _{2013-04-05, 11:32 am}
  LANDMARK SALE IN LONDON Constellation Hotels, a subsidiary of Qatar Holding, part of Qatar Investment Authority, has purchased the 57-year leasehold interest in the InterContinental London Park Lane from InterContinental Hotels Group for A 301.5 million.
• Donna Marie Thompson, PhD CEO of Expert Profit Solutions Talked... _{2013-04-05, 09:57 am}
  Hidden profits are everywhere in small business. They lie in inefficient business processes and impact the bottom line.
• IT Management Tools Webcast by DeskCenterUSA Inc. _{2013-04-05, 09:25 am}
  Public On-line Webcasts Dates April 11 & 30, 2013 - for invitation call 516 442-1508 or email to info@deskcenterusa.com. EST - 1:00 pm/CST - 12:00 pm/MST - 11:00 am/PST - 10:00 am Webcasts show how IT Managed Services resolve issues, creates an efficient IT environment while reducing operational costs.
• Hilton President Kansas City _{2013-04-05, 08:45 am}
  Set in the heart of central Kansas City, across from the H&R Block World Headquarters, this restored historic hotel provides spacious and comfortable accommodations along with many modern amenities.
• Adfactors PR closes FY 2013 with a string of strategic wins _{2013-04-05, 08:12 am}
  Apr. 5, 2013 - MUMBAI, Maharashtra, India -- Adfactors PR, India's largest PR agency, closed the year ended March 2013 with a string of strategic wins from diverse sectors such as Telecom & IT, Energy, Infrastructure, Healthcare, Travel & Hospitality, Automobiles, Consulting and Financial Services.
• The Morning Risk Report: "There's Too Much Compliance" _{2013-04-05, 07:15 am}
  "As your compliance officer, I'm concerned about too much compliance." Most of us would be astounded to hear this sentiment at the office but it was expressed, in so many words, by speakers at this week's Dow Jones Global Compliance Symposium.
• Saudi Arabia Water Report Q2 2013 - New Market Research Report _{2013-04-05, 07:09 am}
  BMI View: There are serious moves underfoot to privatise much of the Kingdom's water assets, with talks reportedly under way between National Water Company and a leading international adviser.
• People News: April 5. 2013 _{2013-04-05, 04:32 am}
  ... Inc., Gajendran Vamathevan and Sarah Pfefferkorn have joined Meyers Brothers Kalicka PC, Holyoke, as audit and accounting associates. Joseph Sabella has joined Brian Cheese has been named as the newest shareholder at Roth & Company PC , Des Moines. ...
• UK business insolvencies at lowest levels since 2005 _{2013-04-05, 03:00 am}
  Insolvencies for British businesses are at their lowest levels in more than eight years, according to a new study by PricewaterhouseCoopers .
• SEC Names Beswick as Acting Chief Accountant _{2012-07-16, 03:54 pm}
  ... Accountant, succeeding James Kroeker, who left the SEC last Friday. In his new role, Mr. Beswick will oversee accounting interpretations, international accounting matters, and professional practice issues. The announcement came on the heels of the ...

03/19/13 ACCOUNTING NEWS CONTINUALLY UPDATED FROM THOUSANDS OF SOURCES AROUND THE NET.

• FinancialForce CEO Addresses Challenges and Change in Accounting Tech _{2013-03-06, 11:13 am}
  As the face of accounting technology changes, so too does the myriad of challenges and questions surrounding the role of accounting professionals and the products and services they use.
• Remember when, 2008: Hart says much for meat industry to consider _{2013-03-19, 03:28 am}
  ... market-led, is responsive to changing global demand and is future proof. The concept for a single industry body accounting for 80 percent of New Zealand's meat production must be carefully considered in this context. However there is much evidence ...
• UK forensic probe raises issues over PwC/Clico audit _{2013-03-19, 12:47 am}
  The Institute of Chartered Accountants was moving to discipline the management of PricewaterhouseCoopers in 2009 after a report it commissioned from a London forensic accounting firm, FTI Consulting, raised serious concerns about how the firm had conducted its audit of Clico in 2007.
• Fitch Rates Ventas, Inc.'s $500MM 2.7% Sr. Unsecured Notes due 2020 'BBB+'; Outlook Stable _{2013-03-18, 05:41 pm}
  IDR 'BBB+'; --$579.6 million senior unsecured notes 'BBB+'. The Rating Outlook is Stable.
• ICICI Bank details actions, plans in response to money laundering allegations _{2013-03-17, 03:00 am}
  ... Touche Tohmatsu was appointed to conduct a full independent forensic inquiry into the reported statements. The accounting and audit firm is to report its findings to the audit committee in a time-bound manner. The bank also suspended 18 employees ...
• PwC Offers Risk Management Benchmarking _{2012-03-19, 11:26 am}
  PricewaterhouseCoopers has unveiled an online risk management tool in conjunction with the release of an annual report on reviewing risk management trends.
• PRGX Appoints Mark Walters as Managing Director, Contract Compliance _{2013-03-18, 09:45 pm}
  PRGX Global, Inc. , the world's leading provider of recovery audit services and the pioneer in Profit DiscoveryTM, announced today that Mark Walters has joined the Company as a Managing Director in the Company's Contract Compliance practice.
• CFO Guard Changes at New York Life _{2013-03-18, 06:58 pm}
  New York Life Insurance Co. culminated a long-planned succession by naming John Fleurant as its CFO, effective July 1, replacing Michael Sproule, 65, who is retiring as scheduled on June 30, 2013.
• Scott Walker Medicaid decision could cost employers $36 million _{2013-03-18, 05:56 pm}
  Caught between President Barack Obama's health care law and Gov. Scott Walker's rejection of it, Wisconsin employers could pay up to $36 million more in federal taxes next year, a new study has found.
• Fitch Rates Ventas, Inc.'s $500MM 2.7% Sr. Unsecured Notes due... _{2013-03-18, 05:41 pm}
  IDR 'BBB+'; --$579.6 million senior unsecured notes 'BBB+'. The Rating Outlook is Stable.
• Ventas Looks Stretched By Economic Valuation _{2013-03-18, 04:04 pm}
  ... ROIC has been less than the weighed average cost of capital, causing VTR to have negative economic earnings . The accounting rules that govern GAAP net income were not designed for equity investors . They were designed for debt investors. Current ...
• What Engineers Must Know About the Supply Chain, Part 1 _{2013-03-18, 02:20 pm}
  ... in driving change through education. Supply chain professionals could benefit from a better understanding of accounting and technology; designers could benefit from better insights into the supply chain. To this end, I have started writing a ...
• Revel Reset: New Interim CEO, Jeff Hartmann, Back in the City Where... _{2013-03-17, 03:00 am}
  Revel Reset: New Interim CEO, Jeff Hartmann, Back in the City Where he Started with His Abilities to be Tested, Charged with Turning Around Casino Beset by Weak Revenue and Bankruptcy March 17, 2013--Revel's newly named interim CEO is returning to the city where he got his start, but at a time sure to test his ability.
• Honda Accord sedan wins AJAC Car of the Year _{2013-03-18, 03:54 pm}
  Congratulations, Generation Y. After several years of study sessions and midterms, you survived relatively unscathed.
• New York Life Confirms New CFO _{2013-03-18, 03:41 pm}
  ... the second-largest U.S. life insurer, in 1995. He earlier worked at Deloitte & Touche LLP after studying accounting at Pennsylvania's Widener University, according to the statement. Sproule joined New York Life in 1999 to oversee mergers and ...
• OECD Enables Companies to Avoid $100 Billion in Taxes _{2013-03-18, 03:39 pm}
  ... corporate tax dodging, grilling executives from Google, Amazon and Starbucks Corp., as well as tax officials from accounting firms Ernst & Young LLP, PricewaterhouseCoopers, Deloitte LLP and KPMG LLP. Executives from the companies and the accounting ...
• A taxing situation: Sequester affecting IRS returns _{2013-03-18, 02:38 pm}
  A delayed return is a day at the beach compared to what the IRS is facing - a backlog of work caused by the new tax laws and a likely shortage of staff to handle critical tasks.
• Employers could save with Medicaid expansion _{2013-03-18, 02:37 pm}
  The debate over expanding Medicaid in Indiana so far has hinged on how much it will cost.
• Diana Clemente, President of Big Apple Car, Inc., Wins National Award _{2013-03-18, 01:02 pm}
  Diana Clemente, President of Big Apple Car, Inc., received the nation's premier award for excellence among women's business enterprises bestowed by the Women's Business Enterprise National Council at its Salute to Women's Business Enterprises on Thursday evening.
• GE Names Jamie Miller Senior Vice President and Chief Information Officer _{2013-03-18, 12:56 pm}
  ... in executing large scale transformational projects." Miller previously was vice president, controller and chief accounting officer for GE, where she led a globally distributed GE controllership team comprised of about 3,500 accountants. Prior to ...