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New SEC rules ‘impractical’
NEW rules issued last week by the US Securities and Exchange Commission (SEC) in response to the post-Enron collapse in public confidence in the US corporate sector could have major repercussions on Malaysian listed companies and their auditors if they were adopted by authorities here, said Ernst and Young country managing partner See Huey Beng.
US SEC accepting nominations for new head of accounting oversight board
The US Securities and Exchange Commission announced it is accepting nominations for a new head of the agency created by Congress in response to the wave of corporate accounting scandals.
NYSE faces life without ousted boss Grasso
The New York Stock Exchange (NYSE), struggling to repair its image and map out a future without ousted boss Richard Grasso, said it would consider splitting his old job, as some of the world's top financial figures shunned suggestions that they might fill his shoes.
Many nations adopting more stringent US accounting laws
A MORE stringent law introduced last May by the United States, which regulates public accounting practices, is set to extend beyond the borders of America, says an international accounting expert.
Insist on ‘no surprises’
IN the second of a two-part article, Lynn Turner, the Securities and Exchange Commission's (SEC) former chief accountant, provides some answers to a few questions on the Enron fiasco.
Ousting Annan would hurt U.N. reform - U.S. report team
WASHINGTON (Reuters) - Trying to oust U.N. Secretary-General Kofi Annan would only delay vital efforts to reform the United Nations, leaders of a U.S. panel that sharply criticized the world body's management said on Sunday.
Mel Gibson incident continues to roil Hollywood
A Hollywood powerbroker called for a showbiz shunning of Mel Gibson over his crude anti-Jewish remarks, while TV doyenne Barbara Walters and her crew roasted the trash-talking star on I>The View/IMonday.
Of international accounting standards
There was a time when accountants and auditors were regarded as mere book keepers - a necessity in doing business to comply with the laws of the country.
PM tables three-pronged Budget 2008
Prime Minister Datuk Seri Abdullah Ahmad Badawi tabled the Budget 2008, themed i>Together Building The Nation and Sharing Prosperity/i>, in Parliament on Friday.
Corporate tax cut further to 25%
Corporate tax will be reduced further to 25% for 2009, compared with the earlier-announced reductions to 26% for 2008 and 27% for 2007, Prime Minister Datuk Seri Abdullah Ahmad Badawi said in his budget speech yesterday.
