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Latest Accounting ethics Stories

2010-06-30 14:37:00

ARLINGTON, Va., June 30 /PRNewswire-USNewswire/ -- In today's volatile economy, predicting the possible future financial effect of a current condition, situation, or set of circumstances on a business seems more difficult than ever. However, both Generally Accepted Accounting Principles (U.S. GAAP) and the International Financial Reporting Standards (IFRS) require planning for and accounting of any potential gains or losses on an entity's future operations, cash flows, and net worth....

2009-05-14 14:22:00

CPAs Continue to Prepare for IFRS as SEC Reviews "Roadmap" NEW YORK, May 14 /PRNewswire-USNewswire/ -- The U.S. accounting profession recognizes a need to acquire knowledge of international accounting standards even as the Securities and Exchange Commission revisits plans for adoption, according to a recent survey conducted by the American Institute of Certified Public Accountants. Asked to rate the level of familiarity with International Financial Reporting Standards (IFRS) they think they...

2009-01-06 13:27:28

U.S. companies could end up spending tens of millions each to comply with new international accounting rules, sources said. The Securities and Exchange Commission said about 110 companies eligible for an early start using International Finance Reporting Standards could spend $32 million each to train staff and upgrade technology, USA Today reported Tuesday. United Technologies comptroller Margaret Smyth said the company spent several million in a two-year effort to switch to international...

2008-09-24 09:00:34

In a Grant Thornton LLP national survey of 250 U.S. chief executive officers, 40 percent agree with the Securities and Exchange Commission's decision to permit foreign firms listed on U.S. exchanges to file financial statements prepared according to the International Financial Accounting Standards (IFRS) without reconciliation to U.S. Generally Accepted Accounting Principles (GAAP). "We supported the SEC's decision to remove the costly and, increasingly less relevant reconciliation...

2008-07-01 03:00:32

By Anonymous More than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, according to the AICPA's 2008 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits. This is the largest number of graduates in the 36 years the Institute has been tracking this data. The total pool of newly minted accounting talent is 19% greater than the one reported in the previous survey, which covered the 2003-04 school...

2008-06-26 06:02:57

By Ghaffari, Firoozeh Kyriacou, Orthodoxia; Brennan, Ross ABSTRACT: Accounting education researchers, as well as practitioners, have identified the need for ethics in the accounting curriculum. This paper explores efforts of U.K. higher education institutions to integrate ethics into the accounting curriculum. Specifically, our survey of U.K. educational institutions suggests that ethics is widely included in the accounting curriculum and is predominantly taught in upper-division courses,...

2008-06-26 06:02:57

By Karr, Susan Schott Moving from U.S. GAAP to International Financial Reporting Standards will largely impact the way accounting is taught - all the way from the university level to continuing education at the corporate level, and is seen as a joint challenge for the constituencies involved. Imagine you've been teaching and studying French for many years. Then, you get the word that before long you'll be dropping French and using Italian. They're both Romance languages, yes - but the...

2005-07-21 18:40:43

WASHINGTON (Reuters) - The U.S. Public Company Accounting Oversight Board said on Thursday that it will vote on Tuesday on a proposal to bar corporate auditors from providing aggressive tax shelter advice to audit clients. The proposal, as previously reported, enjoys wide support and will likely be adopted unanimously, said sources close to the PCAOB, a panel set up under the post-Enron Sarbanes-Oxley accounting and corporate governance reforms of 2002. The PCAOB rules, unanimously...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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