Two officials spent 18 months combing the shareholder, banking and accounting records of the 22 companies.
The effort put into reforming finance, company accounting and banking supervision in developing countries is essential.
Will all this automation do for the drug business what it has already done for accounting, banking and chessplaying?
Much of the gain would come from a state sales tax on "business-to-business" purchases like legal, accounting, banking and printing costs.
Now he finds himself hurrying to make up for lost time and thinking big as he taps investment-banking, legal and accounting expertise worldwide.
Ahead of the critical October jobs report due Friday, accounting and banking professionals say the national debt is weighing on business owners as they make critical decisions about jobs and equipment.
So far most of the banking sector losses have been accounting writedowns, not cash losses.
Japan's increasingly merger-friendly environment, its accounting reforms and banking consolidation may all help.
In history, such crashes have always produced economic traumas of some kind, generally a combination of banking collapses, corporate bankruptcies, accounting scandals and waning confidence among consumers and investors.
Banks with privately traded stock have a difficult time establishing that their stock is worth more than 100% of tangible book value, a commonly used accounting metric in the banking industry, he explained.
As of March the IRS was investigating 70 accounting, law, investment banking and other firms for peddling abusive "technical shelters" to corporations and rich individuals.
Since March, it has issued 132 summonses to eight accounting, law and investment banking firms demanding they turn over customer lists, opinion letters and other documents.
But they are certainly accounting for a larger proportion of banking profits than ever before and, says Charles Peabody, an analyst at Mitchell Securities, they are disguising unexceptional performance in some of these firms' other business lines.
France's biggest banks say that fair-value accounting would threaten the stability of entire banking systems.
If this accounting asininity had been in effect during the banking trouble in the early 1990s, almost every major commercial bank in the U.S. would have collapsed.
And as the bloggers at Naked Capitalism point out, the Basel committee focused on setting capital levels but did not address liquidity standards or accounting, two other crucial issues facing the banking industry.
FORBES: New Capital Rules Not Much of a Stretch for US Banks
Foreign banks have long targeted China as a key market for future growth, but they are still niche players, accounting for less than 2% of the banking sector's total assets, according to the KPMG report.
The bank levy, in particular, will drive banking activity overseas, and banks will avoid most risk adjustments through accounting sleights-of-hand.
They do not have the safety-valve of banking books, where souring assets can escape the rigours of mark-to-market accounting.
The ETF's top ten holdings, accounting for 50% of the portfolio, include Australia's leading natural resources, banking, retailing and media companies--such as BHP Billiton, National Australia Bank and Woolworths.
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