CROWE HORWATH OFFERS CHAPTER 11 SERVICES
Oak Brook, Ill. - Accounting firm Crowe Horwath is responding to the wave of companies filing for Chapter 11 bankruptcy protection with a set of services to help them navigate the re-organization process. The services, known as Fresh Start Accounting, help provide interim management, re-organization plans, recovery alternatives and exit strategies. Clients will have access to a single point of contact at the firm. For more, visit www.crowehorwath.com.
AICPA PUBLISHES BOOK ON FRAUD INVESTIGATIONS
New York - The American Institute of CPAs has released a new book to help businesses conduct fraud inquiries.
The Guide to Investigating Business Fraud, from the AICPA's Specialized Publications Group and written by a team from Ernst & Young's fraud investigation and dispute services practice, covers how fraud experts examine and work a fraud case, how they handle preventive anti-fraud programs, and how they make decisions at critical times during the fraud investigation.
The book is available from CPA2Biz at a cost of $79 for AICPA members and $98.75 for non-members.
SURVEY FINDS WORLD RECOVERY STILL FRAGILE
London - A survey of 1,200 finance professionals from 92 countries by the Association of Chartered Certified Accountants found that an increasing percentage of ACCA members (34 percent) now believe that global economic conditions are either about to improve or already improving, but the emerging consensus, expressed by 44 percent of respondents, appears to be that current conditions mark the bottom of the downturn and will persist for some time.
The survey also shows that there has been an increase in late payments, as well as supplier and customer bankruptcies. Investment in staff fell at an accelerated rate in the third quarter, while investment in capital projects seems to be weakening further.
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