That the rebates were coming was well known, but the surprise came from what was essentially an accounting issue.
So far, Bush has declined to address this crucial accounting issue, and Arizona Senator John McCain's attempts to push it were blocked last week.
Americans have a right to demand a full accounting on this issue.
Plus, it takes regulators time to issue new accounting guidance for new industries, like social media and cloud computing.
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Violating accounting conventions not really an issue if done in the pursuit of shoring up reported results.
Accounting might seem a strange issue for a shrewd politician to grab hold of, but these particular ones know very well what they are doing.
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But a bigger issue may be getting credible accounting information about them.
In this issue we take our annual accounting of the leading European football clubs and stars, many of whom will also be on display this summer in the World Cup tournament.
All the more reason, then, for the U.S. Securities and Exchange Commission to boost investor confidence by simplifying accounting practices for international firms, an issue the regulatory agency will address this week.
Scientific-Atlanta, which the Supreme Court will hear Tuesday, is a big deal--at issue is whether third parties like accounting firms, investment banks and vendors can also be held liable when a public company commits fraud.
Partly, their exercise appears to be a clever attempt to deal with an issue that continues to dog the accounting profession, especially the biggest practitioners: limiting the potential liability for frauds and misstatements which they fail to detect.
And in that case questions must be raised about why the International Accounting Standards Board has been given custody of this issue, which they so clearly fail to comprehend.
The news this morning is that allegations of accounting fictions at Deutsche Bank are now a hot-button issue at the SEC.
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Mr Pozen takes an unusual stand on an issue his former committee ducked completely: whether American companies should adopt international accounting rules.
Yep, that's a straight-up network neutrality issue, but the carriers are framing it like it's an accounting problem -- and they're not being shy about wanting more cash to even out the books as they invest in next-gen networks.
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While publicly traded companies in the U.S. must make quarterly financial reports within 45 days of an accounting period's close and an annual report within 90 days, nonprofits need to issue numbers just once a year, and this data can be a year or more out of date.
As well as being highly geared, with its latest issue of debt rated by credit agencies as low as junk, Warner Music has accounting problems inherited from its former management.
Like an audit by an accounting firm, these boards often submit a Shariah audit for the annual report of the Islamic institution they represent and issue Shariah compliance certificates.
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