Community News news March 2010

A&A

Ernst & Young defends its Lehman work in letter to clients

Ernst & Young defended its audit work for client Lehman Brothers in a letter sent last week by several audit partners to the firm's key clients, and vowed to fight any legal action from regulators or creditors.
Community News

SEC's Office of the Chief Accountant selects accounting fellows

The Securities and Exchange Commission's Office of the Chief Accountant recently has selected eight professional accounting fellows for two-year terms beginning in 2010.
A&A

Investment fund company files lawsuit against Ernst & Young, UBS

Administrators of an investment fund associated with fraudster Bernard Madoff are suing Ernst & Young LLP and Switzerland's biggest bank, UBS AG.
Tax

Auditors called on the carpet over Lehman collapse

The controversy surrounding the demise of Lehman Bros. spells trouble for the audit profession as it, once again, finds itself in the spotlight for all the wrong reasons. How was such a large investment bank allowed to collapse?
Community News

Maddox Ungar Silberstein PLLC changes name to Silberstein Ungar PLLC

Maddox Ungar Silberstein, PLLC, a Bingham Farms, MI-based public accounting and audit firm, with services primarily focused within the publicly traded company, franchise, and broker dealer industries, announced that it has changed its name to Silberstein Ungar, PLLC.
Education & Careers

Deloitte's Maximum Impact gives student recruits a chance to volunteer

Deloitte's Maximum Impact: Alternative Spring Break gives students a chance to see a different side of the Big Four and work with accounting professionals in community service projects.
Practice Management

INSIDE Public Accounting launches 20th annual survey and analysis of firms

The Platt Group and INSIDE Public Accounting (IPA) have officially launched their 2010 Annual IPA Survey and Analysis of Firms. The annual IPA Survey and Analysis of Firms is one of the longest running CPA firm financial and operational benchmarking surveys in the nation.
Community News

Vrakas/Blum Computer Consulting invited to Sage MAS 90 Product Advisory Council

Vrakas/Blum Computer Consulting, Inc. is pleased to announce it has been invited to participate in the MAS 90 Product Advisory Council by Sage Business Solutions.
Community News

Terry Silver of Citrin Cooperman earns Certified in Financial Forensics credential

Certified Public Accountant and Certified Valuation Analyst, Terry Silver, of the accounting, tax, and business consulting firm Citrin Cooperman & Company, LLP, has earned the American Institute of Certified Public Accountants Certified in Financial Forensics credential in recognition of his extensive financial forensic accounting expertise.
Community News

Kaufman, Rossin wins “Best Places to Work” award for 6th straight year

Kaufman, Rossin & Co., P.A. has been recognized as the No. 1 “Best Place to Work” among companies of its size (150-plus employees) in a competition presented by the South Florida Business Journal.
Community News

Modesto CPA firm promotes three new shareholders

Grimbleby Coleman CPAs, Inc., an accounting and business advisory firm headquartered in Modesto, California, has just announced the promotion of three firm members to the role of shareholder.
Workplace Fitness

Crowe Horwath helps employees maintain work-life balance during busy season

For accountants in tax and auditing practices, the busy season (January 2 to April 15) is understood as a time when extra hours and working Saturdays are a given. To help ease that burden, public accounting and consulting firm Crowe Horwath LLP offers benefits targeted to helping its people maintain work/life balance.
Community News

Crowe Horwath takes first place in Public Accounting Report's SEC audit rankings

Public Accounting Report named Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., the winner of its annual analysis of auditor changes for SEC entities.
Community News

Examiner: Lehman used aggressive accounting to hide borrowing

Anton R. Valukas, the U.S. bankruptcy court-appointed examiner of failed investment bank Lehman Bros., has found that the company used “materially misleading” accounting to make its balance sheet look stronger than it really was.
A&A

Grant Thornton takes a stand regarding SEC, IFRS Roadmap

Grant Thornton has been a staunch supporter of the ongoing movement toward one set of high-quality, globally accepted accounting standards. At present, that language of financial reporting features several different dialects, depending on where a company operates.
Community News

North Carolina CPA firms merge

Pittard, Perry & Crone Inc., a CPA firm with nine offices in North Carolina, has acquired two independent CPA firms in Raleigh.