by AccountingWeb on Dec 02, 2002
Despite a weak economy and a year of unprecedented challenges for the accounting profession, KPMG International reported revenues of $10.72 billion for the fiscal year ended September 30, 2002, an increase of 3.9% over the prior year.A breakdown of global revenues shows 3.4% growth to $6.33 billion in assurance services, 2.7% growth to $3.04 billion in tax and legal services, and 8.6% growth to $1.35 billion in financial advisory services (FAS).
by AccountingWeb on Nov 25, 2002
The U.S. Securities and Exchange Commission announced the results of three test cases involving illegal selective disclosures of material information to analysts or institutional investors. Under Regulation Fair Disclosure (Reg FD), which took effect two years ago, companies are required to release information to the public at the same time they provide it to securities professionals.Highlights of the three test cases and their resolution:Siebel Systems paid a $250,000 fine.
by AccountingWeb on Nov 25, 2002
How can job candidates convince the hiring manager they're an ideal match for the position? Survey results indicate that working on a temporary basis is a good start. Nearly half (46 percent) of workers polled said performance on a temporary or trial assignment provides the best insight into whether someone is qualified for a job, followed by the interview (30 percent) and the reference check (12 percent).The survey was developed by OfficeTeam, a staffing service specializing in highly skilled administrative professionals.
by AccountingWeb on Nov 20, 2002
Former New York City Mayor Rudolph Giuliani said he is committed to help turn around WorldCom because WorldCom represents the "biggest challenge" in returning investor confidence in the capital markets. Mr. Giuliani is chairman and CEO of Giuliani Partners, a New York City consulting firm that formed a strategic alliance with Ernst & Young earlier this year.
by AccountingWeb on Nov 20, 2002
By GrowthWorks, Inc.Why do leaders fail? If anything universal can be learned for an examination of why high-profile CEO's fall from the pinnacles of corporate America, poor execution and people problems are the main reasons. According to a study reported in Fortune magazine, it's rarely a lack of intelligence or vision, as many might expect, that dooms top corporate executives. "It's bad execution.
by AccountingWeb on Nov 19, 2002
Seven professional associations have jointly issued a set of recommendations to help companies combat fraud. These new guidelines tell how to prevent, deter and detect frauds ranging from falsified financial statements to employee theft. Recommended anti-fraud measures include creating a culture of honesty and high ethics, being proactive in implementing and monitoring effective internal controls, and developing an effective oversight function.
by AccountingWeb on Nov 18, 2002
PricewaterhouseCoopers reported a 4% decline in global revenues to $18.9 billion for the fiscal year ended June 30, 2002.
by AccountingWeb on Nov 11, 2002
Despite a weak economy and post-Enron pressures on its consulting business, Deloitte Touche Tohmatsu (DTT) reported net worldwide revenue growth of 1% for the fiscal year ending May 31, 2002. Revenues in services other than consulting grew 4.5%.Deloitte's major milestones and achievements for the year include:The successful return after 11 months of more than 3,000 partners and staff to the U.S.
by AccountingWeb on Nov 07, 2002
By, Robert Half Management ServicesIn the business world, a company's survival depends on its ability to keep evolving. The most successful firms understand they must continually adapt to changing circumstances and find new ways to satisfy their customers. But change is rarely something that's easy for organizations or individuals. Your ability to manage a variety of business transformations, from mergers and acquisitions to downsizings and new leadership, is critical to long-term prosperity.
by AccountingWeb on Nov 05, 2002
Excerpted from: Building Entrepreneurial People by Allan S. Boress, CPA, CFEIntroductionNew business is the lifeblood of every CPA firm. Some firms today are being forced to merge with other firms, are being bought out under less than desirable circumstances, or are slowly going out of business before the partners' eyes because not enough new clients and new work are coming in.
by AccountingWeb on Oct 29, 2002
London-based Baker Tilly International, a network of independent accounting and business services firms, is aggressively
by AccountingWeb on Oct 28, 2002
After placing last in American Lawyer's ranking of law firms based on a survey of attorneys who had not yet made partner, Clifford Chance asked its staff the reasons for their discontent. Almost all the reasons could easily apply to accounting as well as law firms. The key gripes:A 2,420 billable hour requirement. Associates felt they had to bill at least 2,420 hours a year in order to receive a bonus.
by AccountingWeb on Oct 24, 2002
Ground-breaking new state legislation will soon require certain corporations doing business in California to disclose more information, including the names of their independent auditors. The information will be made available for public viewing by the end of 2004 through an online system.
by AccountingWeb on Oct 18, 2002
By, Keith Rosen If you can eliminate communication breakdowns between your clients and yourself, the result will be more sales with less headaches. Breakdowns occur because no one took the time to check if what was communicated was understood by the people engaged in the conversation. Here are four easy steps that will assist you in getting clear with your client's wants, needs and expectations. 1. Ask a Question: Assume you have no idea what the client really wants. The only way to uncover their needs is to first ask questions.
by AccountingWeb on Oct 17, 2002
The U.S. Securities and Exchange Commission unanimously agreed to issue for public comment proposed rules that would implement recent legislative reforms enacted in response to accounting scandals. The proposed rules will require public companies to report on their internal controls, codes of ethics, and the financial expertise of their audit committees.