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 ...