A writer for CFO Europe examines the state of the world's Big 5 firms.Topics covered include auditor independence and quality, and how firms should go about separating audit from consulting practices.Click on the link below for the full commentary.
Henry W. Bloch (yes, it's spelled right!) is planning to retire from his namesake firm, H&R Block in September. The departure is notable because it marks the first time a anyone with the last name of Bloch has not been at the firm since it began in 1946.The news also comes just after the company's first quarter earnings were announced April 30; earnings were up 10 percent from the same time in 1999.Named to head the firm will be Frank L. Salizzoni, currently CEO, who will become chairman.
Group 'B' firm Moss Adams has announced it will merge the Beverly Hills office of Braverman Codron into its practice.According to the Electronic Accountant, the merger provides Moss Adams a total of 27 offices, more than 140 partners and combined, annual revenues exceeding $140 million.Braverman Codron is a multi-faceted practice with nine partners and 45 employees. Annual revenues exceed $6 million.
Mergers and consolidations in the accounting software arena are commonplace these days. Now, it has just been announced that ACCPAC has purchased SBT Accounting Systems.The purchase adds the database accounting capabilities associated with SBT to ACCPAC's line of enterprise products.
Help celebrate AccountingWEB's one-year anniversary as we lead the accounting community in a campaign to help fight DiabetesOn July 22, 2000, AccountingWEB will be celebrating its one-year anniversary.
The firm of SS&G Financial Services chose the AccountingWEB workshop room as its venue for announcing the merger of Greene & Wallace Certified Public Accountants with the SS&G Financial Services Group.
There is a certain amount of frustration among accountants who provide QuickBooks consulting services for their clients. The program is written for non-accountants, but it is the accountants who must figure out how to explain it to their clients.
How often do we get a glimpse into a really juicy trial concerning accounting violations?This update to our story published earlier this week revolves around the courtroom trial for CUC International and the alleged crimes by Cosmo Corigliano who mishandled finances for the company in the 1980s.The prosecutor begins with 'Don't we call that cooking the books?' Click on the link below to see the full conversation.
The National Association of Black Accountants has established on online career center for members and nonmembers to use in their job search.Postings include jobs in accounting and auditing, finance, consulting, MIS and related job functions.In addition to finding a job, NABA has enabled employers to post jobs as well. More information can be found at the Online Career Center's Employer Registration Page.
A new survey of 2,300 employees found that more than 75 percent felt they had 'observed violations of the law or company standards' over the last year at their places of employment.With an overwhelming response rate of 78 percent, the survey was conducted by KPMG, who found many infractions to ethics practices.They found, for example,, that 56 percent of sales personnel reported that their company had deceived or lied to customers.
TUESDAY, JUNE 20, 2000 10:00AM EDTContact Kathy SauttersSaltz, Shamis & Goldfarbwww.ssandg.com(440) 248-8787[Session Moderator] Good morning, and welcome to SS&G Financial Services first press conference over the Internet. I would like to start off by thanking AccountingWEB for allowing us to use their workshop room for this meeting.
Back in the days when email messages were delivered from machine to machine, much like snail mail which goes from person to person, there was a service called the Unix-to-Unix Copy Protocol (UUCP), kind of the Pony Express of email. Although the UUCP still serves a vital function to less-developed parts of the world, much of this service has been replaced by the instant messaging capabilities of the Internet.
If someone gave you a blank check and asked that you fill in the amount that you believe your business is worth, would you be able to do it? Would the amount you place on the business be too high or worse, too low?“Everything is worth what a purchaser will pay for it.” (Publius – 1st Century B.C.) Oliver Wendell Holmes said, “all values are anticipations of the future.” People buy businesses to realize a present and future benefit.
As a way to recruit new employees into the firm and maximize its efforts, Ernst & Young will post more than 600 new jobs each month through the CareerBuilder network and its affiliates.Since the firm began using the online recruiting Web site, the number of applicants has dramatically increased by 3,000.
Executives with short-term consulting needs may now tap into KPMG's newest effort at providing immediate solutions.Termed 'On-Call Advantage,' KPMG styled this program to provide outsourcing services for a variety of business and management tasks, and is using this outsourcing technique as a way of keeping clients' overhead at a minimum.The activities that fall under the umbrella of this new consulting program include finance and accounting outsourcing, policy and procedure manual preparation, restructuring assistance, consultation on executive compensat
PricewaterhouseCoopers has been accused of signing off on erroneous financial statements of MicroStrategy Inc., a PwC audit client as well as supplier of software products that PwC sells to some of its other clients.
According to the Americans for Tax Reform, a non-profit lobbying, research, and educational organization which is working to fight tax increases of any kind, today, June 16, 2000, is National Cost of Government Day.
This is one for Ripley's Believe it or Not!In 1983, Cosmo Corigliano joined a company called CUC International. He was 23 years old, and was previously employed at Ernst & Whinney (predecessor to Ernst & Young). He eventually became the company's CFO.
Ask any group of CPAs and accounting professionals what they think about buying something over the Internet. More often than not, you'll hear a lot of warnings regarding the security of their credit cards.Online sales have been going on for years, now, and the community still seems to be skeptical.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.