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Accounting board's lobbyists stress independence »

From AP News  |  2009-06-26 07:40:13

Accounting board, with history of pressure from Congress, lobbying for independence

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. But the Financial Accounting Standards Board has been lobbying to underline its independence as a private-sector body. The FASB's parent this spring hired K&L Gates, a big law and lobbying firm. Officials of the parent, the Financial ...

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BDO International found not liable for bank losses »

From AP News  |  2009-06-18 21:09:25

Jury finds accounting network BDO International not liable in Portuguese bank's audit lawsuit

A Miami jury decided Thursday that global accounting network BDO International B.V. cannot be held liable for audits done by its U.S. member firm that caused $170 million in losses at a Portuguese bank. The six-person jury deliberated just over an hour before issuing the verdict in Banco Espirito Santo's lawsuit against Brussels-based BDO International. The jury rejected the bank's argument that BDO International managed and controlled U.S. member firm ...

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Jon Gosselin gets visited by his accountants in Reading, PA »

From Splash News  |  2009-06-17 17:59:51

Accounting New York - For Great Precision in Accounts Work »

From articlesbase.com  |  2009-06-12 00:17:15

The spine of any industry is accounting. The accounting department has to maintain the day to day records of the firm estimate the profits, make a financial strategy among the many other tasks it performs. The small as well as big business both have accounting as one of the essential facets to make it big in their respective industry. To run a business successfully is a very demanding task, which requires determination, management skills and expertise.  The process of accounting is not a cakewalk as one has to have proficiency ...

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