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Community News

KPMG Foundation President Elected to Points-of-Light

Former KPMG partner Bernard J. Milano, who now works exclusively for the KPMG Foundaton as president, recently was elected to the Board of Directors of the Points of Light Foundation.Points of Light is dedicated to engaging people in volunteer community service.
Community News

EY Teaches how to Hack Into Computer Systems (Really!)

Believe it or not, Ernst & Young will teach you how to hack into a Windows NT or Unix system.The accounting and consulting firm will offer a course in both Cape Town and Johannesburg, South Africa, to teach members of the corporate business community exactly how to violate their own systems--with the hope that they'll learn how to prevent such an event from happening.The cost is about $970 for a four-day course, and those who take the class must sign a waiver stating they will not use the material learned for any 'malicious' purpose.
Community News

Senate Asks Levitt for Smoking Gun

Arthur Levitt, SEC Chairman, presented his case for new guidelines for auditor independence to the U.S.
Community News

Mr. Levitt Goes to Washington

Undaunted by days of public pleas for more time and less restrictive guidelines from members of the accounting profession, Chairman of the SEC, Arthur Levitt, will appear in Washington today to make his case for auditor independence before Congress.Mr. Levitt is expected to meet with heavy opposition from Republicans and other members of Congress who have complained that the strict guidelines would "force dramatic changes in the structure and business practices of accounting firms" and would require corporations "to pay increased costs for some types of accounting services."Mr.
Community News

Hotels get Real-Time Results from Andersen System

To improve customer service, hotels across the World are demanding real-time results to customer service surveys, and Arthur Andersen, LLP now provides a unique capability via their service called Hotelbenchmark.com.The Hotelbenchmark.com web site is an offshoot of the firm's popular Hotel Industry Benchmark Survey in which more than 3,500 hotels from 200 markets regularly participate.The system is part of the firm's Web-based MarketShare initiative to service vertical industries in a more timely and
Community News

Jerry Atkinson Retires

AccountingWEB would like to add its name to the long list of well wishers on the occasion of the retirement of Jerry Atkinson, founder of Atkinson & Co., Ltd of Albuquerque, New Mexico.Jerry is retiring today, coinciding with the firm's 30th anniversary.Jerry has been a very active member of the profession on the local, state and the national level since starting his firm in 1970.
Community News

'Practice Innovation' Award Given to Nine Firms

Nine firms are the recipients of the first-ever Practical Accountant Practice Innovation awards for having firms that are consulting-driven, problem solvers. Innovation that brings in new business or cuts costs by way of a process or new procedure is the criterion for these awards. The firms varied as to what they accomplished, but each one excelled by taking the initiative to expand its practice in one way or another.The nine categories and firms include: Facing Challenges Head-onMarkham Norton Stroemer & Company of Ft. Myers, Fla.
Community News

HP Drops PwC as Auditor as Consultancy Talks Continue

PricewaterhouseCoopers has lost computer giant Hewlett-Packard as an audit client to Ernst & Young, but it is likely to be compensated by the multi-billion dollar sale of its consultancy wing to HP.In a corporate press release issued on Friday, HP announced it had engaged E&Y for the financial year ending 31 October 2000.
Practice Management

AccountingWEB Meets AAA

Members of AccountingWEB met with representatives from the Indiana Chapter of the Association of Accounting Administrators today in an attempt to share goals and explain what the two groups have to offer each other.AAA members were treated to a tour of the AccountingWEB web site, and had an opportunity to quiz Michael Platt, AccountingWEB CEO, Kelly McRae, AccountingWEB Business Development Specialist, and Gail Perry, AccountingWEB Managing Editor on the offerings of the site.
Community News

Andersen Consulting Backs Film Revival

Business adviser Andersen Consulting is sponsoring the British Film Institute's efforts to restore eight classic movies.The two-year project will produce improved versions of "Some Like It Hot," "Breakfast at Tiffany's," "Alfie," and "Don't Look Now," before deciding on another four. Each film will be premiered, and then be released in cinemas across the country.
Community News

Complete Transcripts - all SEC Testimony

Read what all of the witnesses have had to say about the SEC's proposed auditor independence guidelines. The SEC has published all of the transcripts of all testimonies from public hearings held on July 26, September 13, September 20, and September 21.The SEC has suggested guidelines to limit the scope of services that accounting firms conducting audits of publicly held companies can perform.
Community News

PwC Enhances CRM With new Partnership

PricewaterhouseCoopers hopes to enhance the way it consults with companies on customer integration work through a new partnership with GE Global Exchange Services (GXS).The first joint activity will provide an opportunity for customers to connect package software applications such as Enterprise Resource Planning and Customer Relation Management to GXS's enterprise application integration production suite.The goal is to provide a means for clients to turn an activity like a sale into the actual delivery of goods or
Community News

THERE'S STILL TIME ! ! !

Are you concerned about the SEC proposed guidelines to limit the scope of services performed by accounting firms? It's not too late to voice your opinion.The SEC is still accepting written responses to the proposed guidelines, until September 25.
Community News

Accounting Professionals Speak Out in Online Forum

Members of the accounting profession joined together Tuesday in an Open Forum sponsored by AccountingWEB and voiced their views on the proposed SEC hearings on auditor independence.
Community News

SEC Hearings, Final Day: Schedule of Witnesses

In response to requests for additional time to present views, the SEC has added an additional day of testimony to its Day Three schedule of auditor independence hearings. The final day of testimony will be Thursday, September 21, in Washington, D.C.The following people are scheduled to testify:8:30 am: Panel 1 Robert K. Elliott, ChairmanBarry Melancon, President and Chief Executive OfficerHarold L.
Community News

SEC Hearings, Day Three: Schedule of Witnesses

Schedule of Witnesses for Public Hearing on Auditor IndependenceSchedule of AppearancesPublic Hearing9:00 a.m. – 6:30 p.m.The Securities & Exchange Commission is holding a public hearing on Wednesday, September 20, in connection with its proposed rule amendments regarding auditor independence.
Community News

JOIN YOUR COLLEAGUES TODAY: OPEN FORUM ON SEC HEARINGS

Members of the accounting and financial communities and others are invited to attend an Open Forum, Tuesday September 19, 2000 at 11:00 Eastern Time at the AccountingWEB workshop room, http://www.accountingweb.com/workshop.Leading the forum will be Gary Shamis, Chairman of the PCPS Management of an Accounting Practice Committee, representing the AICPA. Mr.
Community News

Deloitte Counters ConsultingTrend

Big Five firm Deloitte Touche Tohmatsu is to buck the trend for sell-offs by keeping its own consulting arm, the Financial Times reveals.Deloitte chief executive Jim Copeland, who will be speaking at the SEC hearings this week, told the newspaper that there was no internal pressure to get rid of the consulting business - even after the high profile revelation of talks between Hewlett-Packard and the consulting arm of PricewaterhouseCoopers.Cop
Community News

Levitt Castigates Big Five

After two days of public hearings, listening to members of the accounting profession voice their concerns about the proposed auditor independence guidelines which would limit the scope of services that can be performed by auditing firms, Levitt seems undaunted in his mission to change the face of public accounting.According to Levitt, the leadership of the Big Five has been "more concerned with expandi
Community News

KPMG Chief Points to Global Restructuring

Big Five firm KPMG will reorganise along global lines and transfer powers from national practices, according to Stephen Butler, the firm's chairman.In an interview with the Financial Times, Mr.

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