Search Results for: accountancy

BY KEITH NUTHALL
STREAMLINING, multi-tasking and flexible posting of employees may be important weapons in the arsenal of a personnel team looking at getting the most efficiency out of their company, but managers had better make sure that their policies are legal, not only under national laws, but European law too.…

BY ALAN OSBORN
THE EUROPEAN Parliament now seems almost certain to refuse to rubber stamp the books for the EU’s Pounds 65 billion budget ()for 2001 next month (April) following new disclosures in the row over revelations of serious weaknesses in the European Commission’s accounting procedures by its former chief accountant Marta Andreason.…

BY ALAN OSBORN
NEIL Kinnock, vice-president of the European Commission, is to appear before the budgetary control committee of the European Parliament tomorrow (Tuesday) in a crucial session for the credibility of the Commission’s accounting procedures and possibly for Mr Kinnock’s own future in Brussels.…

BY MARK ROWE and ALAN OSBORN, in London, PHILIP FINE and MONICA DOBIE, in Montreal, and RICHARD HURST, in Johannesburg

RATCHETING up security has been a prime concern of the nuclear industry since the September 11 attacks, with all countries possessing commercial reactors addressing the issue to some extent.…

BY KEITH NUTHALL
Europe’s ambitious Galileo programme to establish a global satellite navigation system is clearly a project that likes to keep its supporters in a state of fairly constant nervous tension. At a cost of 3.2 billion euros, Galileo was never a sure-fire runner to begin with.…

Keith Nuthall
ACCOUNTANTS should help develop standardised accounting methods to operate greenhouse gas trading systems created because of the Kyoto Protocol on global warming, says a new United Nations report, co-authored by finance industry heavy hitters, such as the Dresdner Bank Prudential and Swiss Re.…

BY PHILIP FINE

ARTHUR Andersen LLP has all but shut its doors, after the former accountancy powerhouse relinquished its licence to practice auditing in every American state. The US member firm of Andersen Worldwide, which was once the fifth largest auditing firm in the country, told the US Securities and Exchange Commission it would cease auditing public companies.…

BY ALAN OSBORN
IN September 1901 the legendary American tycoon James Buchanan “Buck” Duke entered the office of the Player brothers’ cigarette firm in Nottingham with the unforgettable words: “Hello boys, I’m Duke from New York, come to buy your business.”…

BY ALAN OSBORN
THE EUROPEAN Commission will this month decide whether to start launching inquiries into the piecemeal dismantling of the falling Andersen empire. Competition spokeswoman Amelia Torres told Accountancy Age that Brussels had now been officially informed of the proposed acquisition by Deloitte Touche Tohmatsu of Andersen UK and had until July 1 to say whether the deal should be cleared or “whether we need to take a closer look at it.”…

BY ALAN OSBORN
THE EUROPEAN Commission is “continuously monitoring” developments involving the accountancy firm Andersen following the collapse of the proposed merger between the firm’s non-American operations and those of KPMG, officials have told Accountancy Age.

Brussels is concerned about the implications if Andersen’s practices are picked up piecemeal by local or international firms; if parts of Andersen were sold off to other major accountancy

firms on a local basis this “could justify an inquiry” but each case would be judged on its own merits, the official said.…