Yahoo! News Search Results for accountingSEC, FASB urged to delay accounting change (Reuters via Yahoo! News)
A senior U.S. lawmaker urged securities regulators to slow down a pending accounting change that could force banks to bring trillions of dollars back on their balance sheets, according to a letter obtained by Reuters on Friday.
Accounting change not meant to shock: SEC's Cox (Reuters via Yahoo! News)
An accounting change that could force banks to bring trillions of dollars of off-balance sheet transactions back on their books will be implemented in a way that will not create unnecessary shocks, the chairman of the U.S. Securities and Exchange Commission said on Thursday.
PCMC Signs New Client Contract With Gutta & Company, Inc., a South Florida Accounting Firm (Marketwire via Yahoo! Finance)
Public Company Management Corporation announced that it has signed a contract with Gutta and Company, Inc., a Nevada corporation and premier accounting firm based in Sunrise, Florida. PCMC will provide management consulting and regulatory compliance services to Gutta & Company in connection with various corporate and securities matters.
Leading CPAs Visit Capitol Hill to Promote Key Legislative Issues Facing the Accounting Profession (Business Wire via Yahoo! Finance)
WASHINGTON----Executive CPA leaders of 81 of the top 100 accounting firms in the United States that collectively employee more than 54,000 employees are visiting Capitol Hill today to talk to members of Congress about key legislative issues of importance to the accounting profession.
Dynegy lowers 1Q revenue due to accounting error (AP via Yahoo! Finance)
A calculation error led Dynegy Inc. to restate first-quarter revenue on Friday, but the energy supplier said net loss figures will not change.
Advantage Systems Adds Dashboard Feature to AMB Accounting Software (Business Wire via Yahoo! Finance)
IRVINE, Calif.----Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced the addition of a dashboard analytics feature to its Accounting for Mortgage Bankers software package.
$10 Million Verdict Upheld Against PricewaterhouseCoopers (Law.com via Yahoo! Finance)
Georgia's Court of Appeals has upheld a $10 million jury verdict against PricewaterhouseCoopers on behalf of four family trusts. In 2007, a jury found the Big Four accounting firm liable for negligent misrepresentation in a series of financial audits of a nursing home conglomerate.
Dynegy to Restate First Quarter 2008 Financial Statements to Reflect Accounting Adjustments; No Impact to Net Income (Business Wire via Yahoo! Finance)
HOUSTON----Dynegy Inc. today announced that it will restate its previously issued financial statements for the first quarter 2008 to: Reduce revenues by $229 million from $774 million to $545 million; and Reduce cost of sales by $229 million from $680 million to $451 million
KPMG Has Been Ordered to Stand Trial in Massive Fraud Lawsuit, Announces Eagan O'Malley & Avenatti (Business Wire via Yahoo! Finance)
NEW BRUNSWICK, N.J.----Eagan O'Malley & Avenatti today announced that Big Four auditing firm KPMG, LLP has been ordered by a New Jersey Superior Court judge to stand trial in a massive accounting fraud lawsuit.
Media Alert: Domestic Corporate Counsel Unite with the Association of Corporate Counsel to Protest Proposed Disclosure ... (Business Wire via Yahoo! Finance)
WASHINGTON----The Association of Corporate Counsel , joined by General Counsel and senior attorneys from more than 50 leading companies, today filed comments addressing serious concerns that the Financial Accounting Standards Board's proposed amendments would not only harm companies, but also the owners and investors the FASB seeks to protect.
