Accounting

Merry Christmas from Barton Marine

<b>Wishing you a very merry holiday season from the Barton Marine team!</b><p>As this adventurous year comes to a close, the Barton Marine team knows just how …

Sailing

Merry Christmas from Barton Marine

by Barton Marine 16 Dec 16:00 GMT<p>Merry Christmas from Barton Marine! © Barton Marine<p><b>Wishing you a very merry holiday season from the Barton Marine</b> …

Sailing

What a LED-down: Luceco shares drop 46 per cent after accounting error

Luceco was the biggest faller on the main market today after it revealed an accounting error.<p>The LED maker's financial controller has resigned after …

Markets

Wiese resigns as Steinhoff chairman in wake of accounting scandal

BERLIN/JOHANNESBURG (Reuters) - South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff (SNHG.DE), the latest setback for the retail group in the throes of an accounting scandal.<p>Once a must-have for investors who backed its reinvention from small furniture outfit into a …

South Africa

America’s Public Company Accounting Oversight Board gets a new boss

THE collapses of Enron and WorldCom in the early years of this century turned book-cooking into front-page news. Investors lost over $200bn; in 2002 …

Governance

Steinhoff: 2016 financial results can't be relied upon

JOHANNESBURG - Steinhoff International Holdings NV said on Wednesday that its 2016 financial results will have to be restated, because some of its …

Johannesburg

Steinhoff tumbles again as accounting scandal spreads

December 14, 2017<p>Shares in Steinhoff plunged as much as 13 per cent on Thursday morning amid a snowballing accounting scandal at the troubled …

Markets

United is Giving Someone Named Sydney (and Houston) Free Tickets to Australia

To celebrate the launch of United’s new Houston – Sydney service they’re looking for 5 people with the first or last name Sydney:<p>Free roundtrip …

Sydney Opera House

ECB could use Steinhoff mess to make necessary changes to bond-buying program

The Steinhoff controversy could be a chance for the European Central Bank to rethink its bond-buying program. The institution is facing a possible …

News (China)

Republican Aide Gets $673,000-a-Year Job Regulating Accountants

William Duhnke, a longtime Republican Senate aide, just got a significant pay bump.<p>The U.S. Securities and Exchange Commission named him Tuesday to …

Governance

Steinhoff's No.2 investor wants to take part in accounting scandal probe

JOHANNESBURG (Reuters) - South African state pension fund, PIC, the second-largest investor in Steinhoff, said on Wednesday it would ask for a seat in a committee investigating accounting irregularities in the South African multinational retail group.<p>South African magnate Christo Wiese, Steinhoff's …

Marathon Patent Group: Bright Red Flags With This Newfangled 'Blockchain' Play

Marathon recently announced an agreement for the acquisition of Global Bit Ventures Inc (GBV) that will leave prior common shareholders with just 19% …

Business

Cleaning Up Dirty Surplus Items On The Income Statement

Have you ever sat back, while looking at a particular company's latest income statement and wondered if there was anything in the company's bottom …

Finance

Fin24.com | Govt pension fund wants seat at the Steinhoff table in future

SA's government employees pension fund and its asset manager the Public Investment Corporation will insist on appointing two independent directors to …

Business (South Africa)

TCP International Holdings agrees to be bought by a group led by its former CEO

Ellis and Solomon Yan are back at TCP International Holdings Ltd. (OTC: TCPIF), the Aurora company that earlier this year sued Ellis Yan, its founder …

Cleveland

'Shelby Mafia' Is Helping Trump Deregulate Wall Street

The Trump administration, in its effort to ease Wall Street rules, has turned to a network of current and former aides to Sen. Richard Shelby (R., Ala.), a group that lobbyists jokingly call the “Shelby mafia.”<p>Mr. Shelby has been the chairman or one of the top Republicans on the Senate Banking …

Richard Shelby

Government Cleans House at Audit Regulator

Five new board members will join PCAOB, including a longtime Republican Senate aide<p>WASHINGTON—The nation’s main audit regulator is getting a full makeover.<p>Five new members were appointed Tuesday to oversee the Public Company Accounting Oversight Board, a regulator of auditors who examine the books …

U.S. SEC appoints new chair, board members to accounting oversight body

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday said it had appointed Senate lawyer William Duhnke to lead its …

Stock Markets

News Highlights: Top Global Markets News of the Day

Economists See Three Fed Rate Rises Next Year, Lower Unemployment<p>Private economists expect the Federal Reserve to raise interest rates after its meeting Wednesday and then lift them three times in 2018 and twice in 2019, amid a strengthening economy and a falling unemployment rate.<p>U.S. Stocks …

Economy

RALPH COKER: Here's what small business owners need to know

<b>Q. My new small business is about to open its doors. What are the priority things I should spend my personal time on?</b><p><b>A.</b> Owners of startup small …

Small Business

Co-Working Startups Eye New Growth Driver: Accounting Change

Co-working firms like WeWork have historically relied on sleek office designs and amenities like beers on tap to bring in new business. Now, they are …

Business

eNCA | Parliament demands answers from Steinhoff

Scopa is calling for urgent action against those implicated in the company's fraud scandal .

News (South Africa)

Eliminating Double Data Entry with eCommerce, FileMaker and Accounting Integration

Are you a small business that uses FileMaker to run your business (Contacts, Invoices, Suppliers, Leads etc) but also have an online store and use …

eCommerce

2014.08

NOTE: This revised FAA-5100-127 (7 April 2010) reflects data based on definition clarifications in accordance with generally accepted accounting …

Don’t let new accounting rules cause the next financial crisis

Everyone wants to know how to stop the next financial crisis.<p>One lesson from the last one was that reliance on complicated models created a crisis of …

Finance

Retail Food Group torches $210m

Retail Food Group lost more than one-quarter of its value on Monday as investors reacted to a Fairfax Media investigation uncovering widespread …

Wiese faces his Waterloo moment

Steinhoff has been hung drawn and quartered, without any firm evidence of guilt.<p>There are many serious allegations flying around, all feeding off …

Finance

Burcher Jennings enters the accountancy profession

11 December 2017<p>Accountancy firms are increasingly finding themselves being challenged on hourly billing and other inflexible and outdated pricing …

Law (UK)

European shares inch up near four-week highs helped by banks

MILAN (Reuters) - European shares rose near 4-week highs on Monday following gains in Asian markets overnight and helped by strength among financial …

Markets

As businesses rush to exploit GOP tax cuts, government revenue may shrink more than expected

As soon as the last major tax overhaul was enacted in the fall of 1986, accountant Edward Mendlowitz remembers working around the clock to convert corporations into partnerships and other so-called pass-through businesses to take advantage of the new tax code.<p>Now with congressional Republicans …

Politics