Sarbarnes-Oxley was supposed to stamp out the accounting tricks of a decade and a half ago. Here are the ways regulators blew it.
Imagine you’re a portfolio manager in 2002. You bump your head on a doorway in a leap for joy upon the signing of the Sarbanes-Oxley Act, the law that was a response to Enron and other accounting scandals, and sink into a 13-year coma.
Fredrik Eklund gets more than a kick out of New York City. The Swedish multi-millionaire real estate broker and high-kicking star of the hit Bravo series Million Dollar Listing New York first visited the the Big Apple when he was 10. From inside the crown of the Statue of Liberty he stood in awe, gazing out at the sea of skyscrapers, shining like metal and glass exclamation points, punctuating the urban skyline. He was smitten.
The rise of more powerful cloud accounting services is changing the way both accountants and the clients they serve manage business finances. Web-based software affects businesses of all sizes but provides even greater value for small to midsize businesses (SMBs) and sole proprietors who gain greater access to accounting and financial tools than ever before to streamline their business.
One of the main challenges that the Financial Services industry faces is the breakdown of public trust; financial institutions are trying to earn again the wider public’s trust. The vast amounts of fines that banks were imposed are a major driver of the industry’s bad reputation. In order to cope with this, banks have introduced new strategies which are often related to changes in management including new CEOs and institutional restructure. A lot of emphasis is placed now on cultural change and corporate values that every organization develops in order to support internal effectiveness and to promote its reputation.
Global equity markets went on another rollercoaster ride Wednesday as China's interest rate cut showed little sign of calming jitters over the country's faltering economy.
Europe's main stock markets fell, with London's benchmark FTSE 100 index shedding 1.68% to close at 5,979.20 points.
In the eurozone, the CAC 40 in Paris dropped 1.4% to end at 4,501.05, points, and Frankfurt's DAX 30 fell 1.29% to 9,997.43 points.
An obscure dispute about rubbish could reshape agency working.
Company A hires company B to hire employees for a project. These employees work for company B, but do they also work for company A? If they are upset with the terms of their employment can they go after company A with pickets, boycotts, and protests? Does A have any direct obligations to these employees?
Sheffield-based corporate finance firm Mackenzie Spencer has expanded its accountancy practice, Grey and Green, into London and the south-east following a merger with Maidenhead firm Eastmonds & Co.
The new practice will be called Eastmonds and remain in Maidenhead. A new logo and company website is currently in development.
Traditionally, corporate treasury has focused on capital markets, cash management and aspects of risk management. Today, treasurers are increasingly expanding their focus to include capital deployment—which is a logical extension of their capital procurement role. Questions often arise from treasury and finance professionals responsible for managing capital expenditure groups.
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