Starting in 1998, Kumar assumed several corporate roles including leadership positions in Corporate Accounting and Corporate Finance.
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Almost from its inception, the federal government's options backdating case against executives of Broadcom Corp. reeked of cheap melodrama more than it gleamed with truth-seeking about corporate accounting and corporate pay.
There are often differences in the way that things are treated under tax accounting and public corporate accounting rules.
We exclude firms with significant legal problems or other open-ended liabilities and also consider accounting and corporate governance scores from Audit Integrity of Los Angeles in making our final cuts.
Stanford flew a handful of its professors to New York, reserved a conference room at Skadden, Arps law firm, and invited a group of journalists to hear talks on financial services reform, executive compensation, accounting and corporate finance.
Our timely filing of our annual report on Form 20-F with audited financial results for fiscal year 2011 with the U.S. Securities and Exchange Commission is a clear indication that we have followed proper accounting and corporate governance practices.
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Accounting scandals, corporate shenanigans and other market misdeeds: Two newsletter bears are predicting more trouble.
Given the advances in information technology in the intervening decades, could corporate accounting departments have been expected to do better?
Many other firms, including GM, have reined in their bubble-era expected returns through the mantra of cleaner, and more realistic, corporate accounting.
At the same time, they will have to adopt marked-to-market valuations for all their tradable securities, putting an end to the hidden-reserves era of corporate accounting.
Securing a conviction in a complex corporate accounting case is challenging as trials often get bogged down in complex financial arcana and can confuse a jury.
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Experts say other whistleblowers are waiting for what they hope are imminent payments on large issues as varied as payroll tax withholding, tax shelters, illicit foreign accounts or arcane corporate accounting matters like transfer pricing.
But the players in the final trial--the Enron Task Force, Judge Sim Lake, defense attorneys Dan Petrocelli and Mike Ramsey, and the two defendants--were not in Houston to provide closure for Enron shareholders and employees, or the final chapter of the corporate accounting scandals of the 1990s.
The Sarbanes-Oxley law was enacted as a result of a number of corporate and accounting scandals.
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Kumar is also responsible for corporate financial accounting, Sarbanes-Oxley 404 (SOX) compliance and global accounting and financial services (GAFS).
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Recent news stories and opinion pieces have stated or implied that public pensions should be using a corporate pension accounting standard to measure actuarial funding levels.
In that role, which he held from 2001 until 2003, Pitt was responsible for overseeing the SEC???s response to the market disruptions resulting from the terrorist attacks of Sept. 11, 2001, for creating the SEC???s ???real time enforcement??? program, and for leading the commission???s adoption of dozens of rules in response to the corporate and accounting crises generated by the excesses of the 1990s.
Change the accounting rules drastically and most corporate earnings as we now know them could disappear.
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Most companies I met with probably still under-estimate the importance of corporate governance and accounting standards.
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A. and requires core business classes, such as corporate strategy, accounting and finance.
His approval ratings have already taken a knock after the revelations of corporate malpractice and accounting fiddles at companies like Enron and WorldCom.
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.
In Britain, a series of business scandals in the 1980s, most notoriously Polly Peck, a conglomerate which manipulated its foreign-exchange earnings, convinced the corporate world that accounting rules had to get better.
In many of these cases, convincing the government to abandon its case (or decline bringing one in the first place) typically required going hammer and tong with law enforcement authorities and regulators over the intricacies of corporate finance and accounting rules.
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The biggest lesson of the AOL Time Warner merger may simply be that well-run companies, those that exercise good corporate governance and accounting practices, care and nurture their markets, and are realistic in what they offer to their shareholders, will do better than those that do not.
With just four big accounting firms remaining, and none of the next tier big enough to take up the slack, the corporate world cannot easily handle another accounting-firm failure.
How far apart were the doings of these minor corporate embezzlers from the accounting fraud at Enron?
It's one of the oldest accounting scams around: Desperate executives book corporate revenue in a reporting period knowing that it doesn't meet the rules for revenue recognition.
The Groupon-Facebook dichotomy, in which one accounting firm was responsible for two dramatically different approaches to GAAP, demonstrates the need for actual people at accounting firms taking personal as well as corporate responsibility for the financial statements that they audit.
Corporate boards say a proposed new accounting standard, known as FRS17, risks making final salary schemes too expensive.
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