Plan A for Group B accountancies? In the year of the corporate scandal, pick off as much business as possible from Big Four firms.
Industry watchers are predicting a massive shake-out in the accounting business over the next few years. This may not be great news for CFOs.
Among the Group B accounting firms, six lead the pack. Will any make the Final Four?
Last official day of business for U.S. accounting firm; overseas units merged or shuttered. Elsewhere: SEC ups its probe of Bristol-Myers, an interesting theory in the Enron case, and what were they thinking at WorldCom?
Sullivan accused of masterminding accounting scheme; key members of finance department also named as co-conspirators. Plus: PNC's new CFO, and hugs and kisses at XO.
Andersen Worldwide settles with plaintiffs, U.S. unit teeters on the brink. Plus: Enron going for the thin look, Dynegy going without a CFO, and SEC going up-tempo.
Controller Myers reportedly forbade staff accountant from talking to auditor about bookkeeping; "don't make me ask you again." Elsewhere: Citi larded WorldCom execs, SEC investigates U-Haul, and FASB mulls impairment -- again.
Tech trade group backs off hard-line stance on accounting for employee options; will "quarterly impact sheet" follow? Elsewhere: Qwest takes a mulligan, and Spitzer takes a whack at Citigroup.
Do government lawyers want to prosecute Andrew Fastow -- or get him to roll over on his former bosses?
The question: what did AOL insiders know -- and when did they know it? Elsewhere: push for reform ratcheted up, and Enron CEO lays blame for recent corporate scandals.