Wednesday 20 June 2012

Top news today: SEC seeks Big 4 audit papers from China

 
 
 
 
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SEC seeks Big 4 audit papers from China
 
 
reuters.com - The Chinese arms of all of the Big Four audit firms have been asked by U.S. regulators to turn over documents related to audits of China-based companies that are listed in the United States, a person familiar with the matter said on Tuesday.
 
 
 
 
 
No longer masters of their own destiny
 
 
economist.com - A DOWNTURN can clear the field of rivals. A deep recession, to say nothing of a chaotic currency redenomination, makes it hard for anything to grow.
 
 
 
 
 
 
Deadline approaching for Private Company Council nominations
 
 
journalofaccountancy.com - Less than two weeks remain to nominate candidates to serve on the new Private Company Council (PCC) that will identify and vote on differences in U.S. GAAP for private companies. The Financial Accounting Foundation (FAF) board...
 
 
 
 
 
U.S. Geithner encouraged by Europe's crisis plans
 
 
reuters.com - U.S. Treasury Secretary Timothy Geithner said he was encouraged by European leaders' plans to tackle the region's crisis, including attempts to bring down borrowing costs quickly for struggling euro zone countries.
 
 
 
 
 
IRS to Close 43 Offices
 
 
accountingtoday.com - The Internal Revenue Service plans to shed more than 1 million square feet of office by closing 43 of its smaller offices and consolidating other offices.
 
 
 
 
 
 
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