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Is the recent uptick in the Dow an indication of good things to come?

Is Dow's 13,000 Reason Enough to Celebrate?

02/22/12 - On Tuesday, the Dow Jones Industrial Average limped past the 13,000 mark - a spot it has not seen since May 2008 - driven to that point by good news from Greece and Europe, Reuters reports. The milestone, more psychologically than economically important, follows...
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U.K. businesses are expected to explain their governance strategies to shareholders.

'Comply or Explain' Provisions Could Affect Multinationals

02/22/12 - Multinational and domestic companies working in the U.K. are expected to adhere to a national corporate governance code, or else issue an explanation to stockholders. The "comply or explain" policy is meant to foster greater transparency, and a recent study...
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Openings for Australian Finance Jobs Dipped 21 Percent Last Quarter

Openings for Australian Finance Jobs Dipped 21 Percent Last Quarter

02/22/12 - With a number of banks cutting thousands of finance jobs across the country, Australia saw a 21 percent decline in new job openings in the sector during the fourth quarter, according to a recent survey. The study, which With a number of banks cutting thousands of...
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The IRS issued a final proposed rule for calculating whistleblowers' compensat

IRS Lays Out Whistleblower Reward Rules

02/22/12 - In a bulletin dated February 22, the Internal Revenue Service (IRS) proposed its final regulation outlining how whistleblowers would be compensated for providing information regarding underpayments, tax law violations or plans to do so. In a bulletin dated February...
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The population of professional accountants is growing worldwide.

Professional Accounting Community is Growing

02/22/12 - Considering the convergence of the United States and international accounting standards, the increase of corporations doing business overseas and heightened regulations making correct Considering the convergence of the United States and international accounting...
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Some cloud service models have become more popular than others, as 57 percent

Enterprises Using Multiple Cloud Providers, Software-as-a-Service

02/22/12 - Enterprises in numerous industries continue to recruit cloud services in their quest for reduced operating costs, improved efficiency and greater productivity. According to a recent InformationWeek survey, more than half of businesses are using between two and five...
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Consumer and investor opinions can be improved with voluntary corporate govern

Markets Will Recognize Good Corporate Governance

02/21/12 - Researchers at Lausanne, Switzerland-based business school IMD have found that despite beliefs that the costs of corporate governance are too much for a business to take on, the voluntary effort is actually Researchers at Lausanne, Switzerland-based business school...
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Survey: Asian CFOs Look Locally, Cautious on Global Economy

Survey: Asian CFOs Look Locally, Cautious on Global Economy

02/21/12 - Chief financial officers in Asia continue to be hesitant on their outlook for the world economy, focusing more on growing locally, according to the 2012 CFO Outlook Asia report that was released recently by Bank of Chief financial officers in Asia continue to be...
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Workers Understand Need to Play Office Politics

Workers Understand Need to Play Office Politics

02/21/12 - With employers increasingly focused on the bottom line and maintaining strict budgets, it has become more and more difficult for workers to receive a promotion. A new survey conducted by Robert Half International sheds light on this issue, noting that more than half...
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Microsoft CFO Discusses Skype Amid Controversy

Microsoft CFO Discusses Skype Amid Controversy

02/20/12 - Peter Klein, the chief financial officer of Microsoft, said during the recent Goldman Sachs Technology & Internet Conference that consumers should be excited about the addition of Skype to the company's repertoire. The CFO of Microsoft, which recently acquired...
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CFOs Expect to Increase Product Development Budgets

CFOs Expect to Increase Product Development Budgets

02/20/12 - While many aspects of the global economy are still struggling to recover from the recession, a new survey of chief financial officers suggests companies are expecting to increase their budgets for new product development. According to the KPMG's annual Consumer...
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Having investors vote on outside auditors may lead to a higher-quality outcome

Should Investors Pick the Auditor?

02/20/12 - A report from the American Accounting Association sought to determine whether having shareholders have a say when picking an auditor actually had any impact on the cost and quality of the audit. The group notes that the Sarbanes-Oxley Act addresses the topic of...
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Some critics are worried Facebook's founder holds too much power.

Facebook Plan For Corporate Governance Under Fire

02/20/12 - Critics are questioning whether Facebook founder Mark Zuckerberg holds too much of the power in his company for it to have an effective corporate governance program. The Institutional Shareholder Critics are questioning whether Facebook founder Mark Zuckerberg holds...
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Former and current Olympus officials have been arrested as part of an accounti

Olympus Accounting Scandal Continues With Arrests

02/20/12 - The decade-long cover-up in Olympus' corporate accounting has blown up into a huge scandal embroiling some of the company's top former and existing executives. That scandal played out more Thursday, as Japanese The decade-long cover-up in Olympus'...
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Some accounting standards will be reviewed by FAF.

Financial Accounting Foundation Will Run FASB-GASB Reviews

02/20/12 - The Financial Accounting Standards Board and the Governmental Account Standards Board have long worked to draft The Financial Accounting Standards Board and the Governmental Account Standards Board have long worked to draft financial reporting rules for the business...
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