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Monthly Archive: December 2008

Lord & Benoit Report: First Year SOX Results for Small Business

Benefits of the Delays

Executive Summary

The Sarbanes-Oxley Act of 2002 (also called SOX) was passed by Congress and signed by the President to provide among other things, investors with transparency in financial reporting, including financial statements, disclosures and Internal Controls over Financial Reporting (ICFR).

The Act was created in response to a number of corporate frauds that occurred in several larger public […]

Ernst & Young Appoints Wendy Fenwick Global Gas and Oil Leader

 Erica deVry, Staff Reporter

Ernst & Young has recently appointed Wendy Fenwick as Global Oil and Gas Leader with immediate effect. In her present role, Wendy’s main responsibility is to lead a team of gas and oil professionals offering a vast range of transaction, tax, advisory and assurance services to the market.

The gas and oil industry is continuously changing. Geographical […]

KPMG Finds Oil Gas Companies Financial Reporting Not Stable Yet

 Ethan Strassfield, Staff Reporter

According to a recent report, Global Energy & Natural Resources practice by KPMG, international gas and oil companies are not gaining stability in their financial reporting. The survey named “The Application of IFRS: Oil and Gas”, scrutinized financial statements of nearly 33 gas and oil companies from roughly 14 countries.

The report shows irregularities across wide range […]

Accenture Finds Economy Hurting Managers Work Environments

 Christina Broder, Staff Reporter

According to a recent survey by Accenture, almost two-third of United States middle managers feels that the economy is creating a great negative effect on their working environments. The recent investigation of over 300 United States middle managers revealed that nearly 61% respondents opined that the employees are mainly concerned about losing jobs.

Furthermore, almost 53% respondents […]

KPMG Names Helen Spice As Chief Financial Officer

 Kenneth Guillame, Staff Reporter

KPMG, a worldwide network of professional firms offering Tax, Audit and Advisory services reported that Helen Spice has been appointed KPMG International’s Chief Financial Officer. As per an announcement by KPMG International Chairman, Timothy P. Flynn, the 44 year old Helen Spice will take over the new position immediately.

In her new position, Helen will report to […]

PwC Report Finds Global Tax Authorities Modernizing Tax Systems

 Erica deVry, Staff Reporter

According to a recent report by IFC, World Bank and PricewaterhouseCoopers, tax authorities globally are modernizing tax systems by cutting down taxes, overhauling payment systems and reshuffling administrative processes. The 3rd report in annual series – ‘Paying Taxes 2009’, is likely to prompt more conversations between businesses and governments on improving taxation system.

This recent report draws […]

Ernst & Young: Leading Entrepreneurs Consider Climate Change Strategic

Ethan Strassfield, Staff Reporter

According to the “Global Cleantech Insights and Trends” report, a recent survey conducted by Ernst & Young, leading entrepreneurs consider climate change to be an increasing strategic concern in these present times. The report offers insights into worldwide trends in cleantech investment, public policy and financing patterns. Entrepreneurs were mainly chosen from […]

Deloitte Reports Hotel Performance in Europe Affected by Financial Crisis

 Christina Broder, Staff Reporter

A recent quarterly report by Deloitte found out that hotel performance from beginning of this year till September 2008 fell slightly across all over Europe. RevPAR (revenue per available room) was down 1.5 percent to nearly €76, which was driven by 1.9 percent decrease in occupancy. Average room rates reduced slightly to €112. While reviewing September […]

Capgemini and Amazon Web Services Agree to Extend Outsourcing with Cloud Computing

 Kenneth Guillame, Staff Reporter

Capgemini, a leading provider of technology and consulting services in the world, declared that an agreement has been signed between Amazon Web Services and Capgemini UK plc, to extend its outsourcing portfolio with Cloud Computing. Amazon Web Services is a subsidiary of The Center of Excellence, launched by Capgemini, focuses mainly on Cloud Computing, and […]

BearingPoint: Americans Cutting Down on Health Care Expenses Due to Economy

 Erica deVry, Staff Reporter

According to a recent survey by BearingPoint and Zogby International, most Americans are cutting down their health care expenses to save money in economic crisis. The report found out that a major percentage of American residents are considering denying their children and themselves health care in order to save money in this unsteady economic condition.

The study, […]

Accenture Training Programs Reaps Awards from Brandon Hall and Training Magazine

 Ethan Strassfield, Staff Reporter

Accenture and BTS received awards from both Brandon Hall and Training Magazine for jointly developing ‘Accenture Enterprise Senior Manager Core Program’. Accenture is a leading management and outsourcing company in the world that combines unparalleled experience across all industries. BTS is the leader in discovery learning solutions which allow major companies to grow and succeed.

Accenture helped […]