May 2009
Accounting Today;5/18/2009, Vol. 23 Issue 8, p5
Trade Publication
This section offers news briefs related to the accounting sector. The British Institute of Chartered Accountants in England and Wales has urged the U.S. Securities and Exchange Commission to adopt International Financial Reporting Standards. The U.S. Justice Department has filed a summons with the federal court seeking an injunction on U.S. businessmen hiding money in offshore bank accounts to open their credit card records. A Deloitte webcast survey has found that of the 1,540 business professionals, 58.2% doubt the transparency on the bailout fund.


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