The Progressive Accountant
U.S. Goes After Big Four China Affiliates
- Monday, 03 December 2012
The Securities and Exchange Commission has begun administrative proceedings against the China affiliates of each of the Big Four accounting firms and also of BDO. The action was taken for the firms' refusal to produce audit work papers and other documents related to China-based companies under investigation by the SEC for potential accounting fraud against U.S. investors.
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Paychex Buys ExpenseWire
- Monday, 03 December 2012
Intuit Exec Pay Rebounds
- Friday, 30 November 2012
Compensation for Intuit's top executive rose for the year ended July 31, although it did not return to levels reached in fiscal 2010. An increase in salary and stock and options awards helped CEO Brad Smith reach $12.6 million for the year, an 8-percent rise from $11.6 million the prior year. However that total left him below the $13.9 million earned in 2010, which had been boosted by much higher option awards than he received in 2012 and 2011.
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