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.