Article Abstract:
The US Financial Accounting Standards Board's impending rule requiring stock options for executives to be called a loss on the corporate balance sheet has met stiff opposition from companies. The move responds to public objection to boss's huge compensation.
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Article Abstract:
The Big Six accounting firms posted sales of almost $30 billion in 1991, despite the recession and rumors of insolvency at some firms. Calls for sweeping reforms in the rules that govern auditing are becoming common, due to scandals such as the BCCI fiasco.
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Article Abstract:
Italy's new prime minister Silvio Berlusconi could be cleared of criminal charges if a bill on false accounting, amended by his government, becomes law. The amendments would mean charges against Berlusconi would be dropped.
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