The International Accounting Standards Board (IASB) has announced they won’t be issuing any new standards or major amendments to existing standards with effective dates before January 1st, 2009, in order to give companies reporting under the standards a bit of a breather to get their house in order. Word around the accountant blogosphere has beenContinue reading “No new international accounting standards effective before 2009”
Yearly Archives: 2006
First options backdating investigation initiated by SEC
Brocade Communications Systems has become the first company to be formally investigated by the SEC regarding the recent options backdating issue. According to the SEC’s complaint document, which names three former executives of the company as plaintiffs, from 2000 through 2004 the company inflated net income by understating their options-related expense through fraudulent schemes toContinue reading “First options backdating investigation initiated by SEC”
Passed the School of Accountancy
The results were out this morning at 10am, and I passed! Congratulations to Krupo as well! We’re representing the CA student blogosphere well.
What Enron meant to me
Enron burst into flames around January 2002. I was just starting my second semester at Brock University in the esteemed Bachelor of Accounting program when the Houston-based company went down. What did this mean to a 19-year-old Canadian accounting student with no share holdings and no knowledge of the energy trading giant from Texas? Actually,Continue reading “What Enron meant to me”
Using MySpace to market professional accounting services
David Rachford has floated the novel (to say the least) idea of marketing a public accounting firm using MySpace.com. For the last couple weeks – I’ve been wondering – With MySpace.com becoming the most popular website in the world – does that matter to me? (I don’t have a myspace account – thank you) butContinue reading “Using MySpace to market professional accounting services”