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Tag >> accountants
Feb 06
2012

CFOs lukewarm about adding to staff

Posted by Stephen Taub in Robert HalfFinanceCareers/Managementaccounting and finance jobsaccountants

Stephen Taub

Chief financial officers are an optimistic group these days.

While a slew of recent economic indicators seem to point to a slower growing economy, 90 percent of the finance executives are confident about their companies third quarter growth, according to the latest quarterly survey by Robert Half. What's more, 43 percent say they are very confident.

Aug 04
2010

BDO has its work cut out for it at KV Pharma

Posted by Going Concern in complianceauditingauditAccountingaccountants

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

As we've mentioned, it's been a rough summer - hell a rough year - for KV Pharmaceutical. The company paid nearly $26 million to the Justice Department back in February, had massive layoffs in March and their Chairman and CFO back in June.

Jul 28
2010

Kozlowski: Where's the outrage?

Posted by Going Concern in tax gross upexecutive perksexcusesConglomeratescompliancebonusesaccounting fraudAccountingaccountants

Going Concern

Submitted by Caleb Newquist, republished from Going Concern , Accounting News for Accountants and CFOs.

A couple of weeks ago we told you about fired Tyco accountant Jeff Weist who wasn't really into, among other things, mermaid greeters and costumed wenches. Whether or not he's not a fan of starfish bikinis wasn't the issue, it was the principle of the matter.

You see, some Tyco executives got into a bit of trouble back in the day for some accounting fraud but the kicker was the footage of a four-day "Roman orgy" rager in Sardinia. The jury didn't have much problem throwing the book at former CEO Dennis Kozlowski and former CFO Mark Swartz after concluding that awesome party = crooked execs. Weist figured the company didn't really need more trouble so he raised a fuss over the expenses for another epic bash that was being planned for execs in the Bahamas.

Jul 06
2010

GAO to audit GASB

Posted by Going Concern in RegulationGAAPCongresscomplianceauditorsauditingaccrual methodAccountingaccountants

Going Concern

Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

If we still care about financial reform, we should especially care about proposed changes to the Government Accounting Standards Board because, let's face it, government accounting could really use a helping hand. Were government pensions forced to use the same reporting rules as every other pension, a $3 trillion hole would open up and we would see immediately that rules in desperate need of repair have remained broken because the current system allows the truth to be buried in the footnotes.

Jun 29
2010

Court decision undermines PCAOB's independence

Posted by Ron F in Supreme CourtSecurities and Exchange CommissionSection 404Sarbanes-OxleyPublic Company Accounting Oversight BoardPCAOBFASBcomplianceauditorsauditingAccountingaccountants

Ron F

We're not quite as sure as others are that yesterday's Supreme Court decision regarding SarbOx is so utterly meaningless regarding the future of the Public Company Accounting Oversight Board.

Sure, the court said the law is still fully in effect, blah, blah, blah.

Apr 16
2010

Another case of "What are auditors for, anyway?"

Posted by Going Concern in Securities and Exchange CommissionPwCPricewaterhouseCoopersCPAscomplianceauditorsauditingAccountingaccountants

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Last week, the SEC continued its "Bustin' Up Fraud" tour by charging Memphis-based Morgan Keegan & Company, Morgan Asset Management, and two employees, James C. Kelsoe, Jr. and Joseph Thompson Weller with "fraudulently overstating the value of securities backed by subprime mortgages."

Apr 13
2010

Turning accountants into the new breed of CFOs

Posted by Going Concern in professional developmentFinanceCFOscareer/managementaccountants

Going Concern

Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

Let's face it, accountants aren't often featured as heroes in action flicks or romantic leads in love stories. And they're pretty much ignored by the media unless it involves blame and/or complicated financial rules that are just barely an accounting matter (accountants did not securitize every loan nor did some nefarious squad of beancounters dream up Repo 105).  Given that, it's pretty exciting to see the Washington Post heralding accountant-turned-CFO Carl Adams.

No, he doesn't have 12 mistresses and he hasn't gotten any DUIs (that we know of). But the smart professional is cool again.

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