Read more accounting stories on Newserhttp://www.newser.com/taggrid/4551/accounting.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 14:21:03 CSThttp://www.newser.com/story/73152/atlanta-may-elect-1st-white-mayor-in-36-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA simple focus on accounting is poised to radically—read: racially—change the politics of Atlanta . In a majority-black city that hasn’t had a white mayor in 36 years, a Caucasian city councilwoman from a tony neighborhood has a commanding lead in the polls. Mary Norwood has promised to clean...http://www.newser.com/story/73152/atlanta-may-elect-1st-white-mayor-in-36-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 03 Nov 2009 9:43:44 CSThttp://www.newser.com/story/70720/wall-street-cleverly-carves-up-bad-assets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWall Street’s financial magicians have come up with a way to transform toxic assets into shiny new ones. In popular new deals called “re-remics,” a sour mortgage-backed security is split in two, one containing all the good mortgages, the other all the bad, the Wall Street Journal explains. The result:...http://www.newser.com/story/70720/wall-street-cleverly-carves-up-bad-assets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 01 Oct 2009 7:31:47 CDThttp://www.newser.com/story/67536/accounting-firm-faces-2b-in-lawsuits-in-madoff-scam.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Canadian branch of the world’s largest accounting firm is facing seven lawsuits for up to $2 billion on behalf of investors who fell victim to Bernard Madoff, the Telegraph reports. PricewaterhouseCoopers Canada was the auditor of a feeder fund, Fairfield Sentry, that directed cash to the Ponzi schemer. PwC...http://www.newser.com/story/67536/accounting-firm-faces-2b-in-lawsuits-in-madoff-scam.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 23 Aug 2009 8:04:15 CDThttp://www.newser.com/story/66283/ex-aig-honcho-settles-new-sec-case-for-15m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe SEC today simultaneously announced a complaint against former AIG chief Hank Greenberg and the resolution of the matter—a $15 million payment to settle the suit, the New York Times reports. Greenberg and a former AIG CFO were accused of “numerous improper accounting transactions” between 2000 and 2005 that...http://www.newser.com/story/66283/ex-aig-honcho-settles-new-sec-case-for-15m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 06 Aug 2009 15:14:02 CDThttp://www.newser.com/story/64120/palins-figures-on-ethics-complaints-dont-add-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA spreadsheet from Sarah Palin's office detailing spending on ethics complaints and lawsuits is riddled with discrepancies, the Anchorage Daily News reports. The administrative director of Palin's office says accidental double-counting added $26,849 to the $1.9 million total. She plans to make inquiries about other parts of the...http://www.newser.com/story/64120/palins-figures-on-ethics-complaints-dont-add-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 10 Jul 2009 20:00:00 CDThttp://www.newser.com/story/57800/3-million-us-job-openings-isnt-a-good-thing.html?utm_source=syn&utm_medium=rss&utm_campaign=tagEven with the unemployment rate shattering records, 3 million jobs nationwide remain unfilled. But the growing mismatch between employers and workers tarnishes that silver lining, Peter Coy argues in BusinessWeek . Untrained job-seekers often don’t have necessary skills to work in growing sectors like health care and accounting, and employers complain...http://www.newser.com/story/57800/3-million-us-job-openings-isnt-a-good-thing.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 01 May 2009 14:26:44 CDThttp://www.newser.com/story/56446/citi-swings-to-surprise-16b-profit-1st-in-18-months.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup posted its first profitable quarter in 18 months today, thanks in no small part to $45 billion in bailout funds and changes to accounting rules, Bloomberg reports. The company posted a $1.6 billion profit, up from a $5.1 billion loss last year. The company reported a loss...http://www.newser.com/story/56446/citi-swings-to-surprise-16b-profit-1st-in-18-months.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 17 Apr 2009 6:45:13 CDThttp://www.newser.com/story/51595/obama-blasts-casual-dishonesty-of-bush-budgets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAt a White House “fiscal responsibility summit” today, President Obama opened fire on what he called the Bush administration’s “casual dishonesty” about the federal budget, Politico reports. “Contrary to the prevailing wisdom in Washington these past few years,” Obama said, “we cannot simply spend as we please and defer the...http://www.newser.com/story/51595/obama-blasts-casual-dishonesty-of-bush-budgets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 23 Feb 2009 15:58:14 CSThttp://www.newser.com/story/51147/accountants-may-be-liable-in-madoff-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe many accounting firms that missed Bernie Madoff’s massive scam could be in for a world of legal hurt, experts tell the Wall Street Journal . Madoff’s company was audited by a firm that had just one accountant, and one ex-SEC accountant finds it hard to believe that feeder-fund auditors checked...http://www.newser.com/story/51147/accountants-may-be-liable-in-madoff-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 18 Feb 2009 11:17:06 CST