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Efforts to rid the European Union of the massive confusion caused by having its enterprises dealing with 27 different corporate tax systems could now come into effect as early as 2010.
May 6 -
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Insurance company demutualizations became popular in the late 1990s. Facilitated by revised state laws, mutual insurance companies were attracted to conversion to stock companies for the same reasons that companies have long sought to be publicly held - greater access to capital. The policyholders of mutual insurance companies were generally granted cash or stock in return for their interest in the mutual insurance company.
May 6 -
To argue the success of the Sarbanes-Oxley Act of 2002, one can point to the strength and integrity of the capital markets and financial systems. If optimistically inclined, one could claim that the rules and procedures are quietly averting crises and major headline news.
May 6 -
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We hate to say how long we have been watching accounting standard-setting, but trust us, it has been a long time. Over those eons, we have been frustrated at the lack of attention granted to the interests of financial statement users and the perennial promotion of the interests of auditors and statement preparers. This imbalance simply does not work for the economy's good, because the capital markets are inefficient if users don't have ready access to the information they need for allocating capital to the right places at the right prices.
May 6 -
If life insurance professionals picture the accounting profession as it was a decade or two ago, they may be forfeiting an opportunity to build a mutually beneficial alliance.
May 6 -
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Financial planners reported mean gross earnings of $283,079 in 2006, an increase of more than $50,000 from a year ago, according to a recently released survey.
May 6 -
Though you wouldn't know it from the software, there are serious changes underway in the market for nonprofit accounting solutions.The software itself has shown only small, incremental improvements in the past year, largely because 2006 was a year of heavy development and major upgrades for most of the major packages. But in the not-for-profit sector, a number of issue are stirring:
May 6