Accounting Policy and Practice Report Index-Summary

TAX ACCOUNTING

TAX EVASION

– Ex-BDO Seidman partner pleads guilty to evading personal taxes, investment fraud and tax shelter fraud (S.D.N.Y.), 729
– E&Y Russian arm wins appeal against tax authorities, 138
– E&Y tax malpractice claim brought by ex-clients, trial court abused discretion in denying arbitration (Tex. Ct. App.), 176
– KPMG ex-executives and lawyer convicted, ex-partner dismissed of charges related to marketing and selling of illegal tax shelters (S.D.N.Y.), 52; sentencing announced, 371
– PwC appeal upheld by Presidium of Russian Supreme Arbitration Court in dispute with Russian tax agency over deduction of consultancy fees, 137
– UBS agreement with U.S. government, Fla. accountant first to face resulting charges (S.D. Fla.), 366

TAX SHELTERS

– BDO Seidman

– – Ex-partner pleads guilty to tax shelter fraud and conspiracy charges (S.D.N.Y.), 681
– – Vice chairman pleaded guilty to conspiring to defraud U.S. in tax shelter transactions (S.D.N.Y.), 273

– E&Y tax partner case defendant pleads guilty to tax fraud conspiracy charges arising from shelters firm promoted (S.D.N.Y.), 146; 4 current and former partners found guilty, 444
– Investment fraud and tax shelter fraud, ex-BDO Seidman partner pleads guilty (S.D.N.Y.), 729
– KPMG and law firm, complaint rising out of illegal tax shelter partially dismissed (S.D.N.Y.), 96
– Tax evasion, KPMG ex-executives and lawyer convicted, ex-partner dismissed of charges related to marketing and selling of illegal tax shelters (S.D.N.Y.), 52; sentencing announced, 371
– Tax fraud conspiracy and other crimes arising out of shelters, BDO Seidman ex-CEO, 6 others charged (S.D.N.Y.), 542

TELECOMMUNICATIONS

– Brocade Communications backdating scheme, ex-CEO, Reyes' conviction overturned due to prosecutorial misconduct (9th Cir.), 782
– Enron, ex-CFO of offshoot telecommunications unit pleads guilty to falsifying books and records (S.D. Tex.), 551
– GlobeTel Communications Inc.

– – Ex-CEO charged over role in fraudulent revenue inflation scheme (S.D. Fla.), 862
– – Ex-CPA admits not reporting stock compensation paid to corporate officers (S.D. Fla.), 146; ex-CFO sentenced to prison, 459

– Revenue recognition, FASB/IASB joint standard project, industry questions need, practicality of project, 719

TEMPORARY RESTRAINING ORDERS (TROs)

– SEC's increased use of raises questions of fairness and due process, 414

TRAINING

See EDUCATION AND TRAINING

TRANSFER PRICING

– Transition to IFRS, considerations for successful conversion, analysis, 246
– Uncertain tax positions

See UNCERTAIN TAX POSITIONS, FIN 48

TRANSPARENCY

See DISCLOSURE
– Cash flow statements

See CASH FLOW STATEMENTS

– International requirements

See CONVERGENCE

– Pension plan assets

See PENSIONS

– Promoting Transparency in Financial Reporting Act

See LEGISLATION, FEDERAL, HR 2664

– Subprime mortgage crisis

See SUBPRIME MORTGAGES

TREASURY DEPARTMENT

– Appointments and personnel changes, TARP reform coming, Geithner says at Senate hearing amid tax error apologies, 79; fair value accounting backed, warns against inaccurate valuation, calls for regulatory reform at Senate hearings, 116
– Auditing profession oversight panel

See AUDITOR LIABILITY

– Financial system reform

See generally FINANCIAL SYSTEM REFORM

– Mortgage bailout plan

See SUBPRIME MORTGAGES

– Public-Private Investment Program (PPIP)

See generally ECONOMIC STIMULUS

TROUBLED ASSET RELIEF PROGRAM (TARP)

See ECONOMIC STIMULUS