Audit & Accounting

DePaul University's College of Commerce has launched the Center for Global Accountancy Education, Benchmarking and Research Center, which will work to improve financial accounting in the developing world by policing three specific areas: international auditing standards, financial reporting and accounting education.

An old colleague of mine from Melbourne, Australia, sent me some information that his country's financial planners have just implemented new guidelines to help prevent conflicts of interest and to improve confidence in the financial planning sector.

The Securities and Exchange Commission announced that Diego Tomás Ruiz, a long-time business executive with Spanish-language media group Univision Communications Inc., will serve as its new executive director.

A number of prominent economists and finance experts have lent their names to a call to repeal a stock option-reform measure adopted last year by the Securities and Exchange Commission.

A court has said that two documents prepared by KPMG, analyzing the tax consequences of transactions by restaurant company Yum! Brands Inc., are protected from a summons issued by the Internal Revenue Service.

The former chief executive of Comverse Technology Inc., who was charged last week with conspiracy related to backdating stock options, is now being regarded as a fugitive by the federal government.

Depending on what report you read, and how the statistics get manipulated, the Internal Revenue Service gets a grade somewhere between tremendous and embarrassing for its work auditing the returns of wealthy taxpayers.

Erik R. Sirri, an economist with expertise in the structure of securities markets, has been named the new director of market regulation at the Securities and Exchange Commission.

The Securities and Exchange Commission announced plans to create its own Web tools to allow investors and analysts to manipulate interactive data to analyze mutual fund and corporate information.

A Japanese court has given suspended prison sentences to three former ChuoAoyama PricewaterhouseCoopers accountants over an accounting fraud at textile and cosmetics maker Kanebo Ltd.