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Around the web

  • Ex-Citigroup CFO pays $100,000 to settle SEC sub-prime charge

    30 Jul 2010

    Kevin Reed, Accountancy Age, Friday 30 July 2010 at 10:11:00 Gary Crittenden pays $100,000 to settle charges that he made misleading SEC filings that misled investors about Citigroup's exposure to sub-prime mortgages The former CFO of Citigroup has paid $100,000 (£64,000) to settle SEC charges alleging misleading statements in an SEC filing relating to the company's exposure to sub-prime mortgage related assets. Gary Crittenden paid the settlement, without admitting or denying the allegations

  • Deloitte quits as auditor to American Apparel

    30 Jul 2010

    Kevin Reed, Accountancy Age, Friday 30 July 2010 at 08:44:00 Deloitte steps down as auditor of fashion retailer American Apparel after discovering information that could impact the previously stated 2009 year-end figures Deloitte has resigned as auditor of fashion retailer American Apparel. The US-listed business, which recently opened a shop within Selfridges, has replaced Deloitte with its former auditor Marcum. In a statement to the US markets regulator the Securities and Exchange Commiss

  • Links for 2010-07-29 [del.icio.us]

    30 Jul 2010

    Kashflow cuts Barclaycard deal: where was Sage? Fresh content: Kashflow cuts Barclaycard deal: where was Sage? http://is.gd/dQFmR Whole street devoid of retail life. #Bradford | TweetPhoto Whole street devoid of retail life. #Bradford http://tweetphoto.com/35563643 SAP users think firm was slow to embrace cloud - News - Enterprise Applications “@SAPUserGroup: CBR - SAP users think firm was slow to embrace cloud http://bit.ly/9hhvsH” <perceptions matter Technology Evaluation Centers (TEC) Wh

  • Firms on HMRC's Time to Pay approval panel revealed

    29 Jul 2010

    Rachael Singh, Accountancy Age, Thursday 29 July 2010 at 11:15:00 HMRC reveals the names of the 13 accountancy firms that are approved to conduct independent business reviews of companies seeking to defer their tax The taxman has revealed the 13 firms approved to ascertain whether businesses will be able to pay back their deferred tax bill. Firms have been approved by HMRC to provide Independent Business Reviews (IBR) for large companies seeking time-to-pay (TTP) arrangements. The former gove

  • Legion Group could face administration if sale fails

    29 Jul 2010

    Kevin Reed, Accountancy Age, Thursday 29 July 2010 at 10:07:00 Legion Group suspends shares, negotiates with HMRC and attempts to sell its business - in a bid to avoid insolvency Legion Group's board is in discussions to sell the business, in an attempt to avoid administration. The security services provider's shares were suspended yesterday due to it facing "significant" working capital restraints. Legion has been in discussions with HM Revenue & Customs over its outstanding PAYE and VAT lia

  • Rio Tinto CFO joins Royal Dutch Shell board

    29 Jul 2010

    Kevin Reed, Accountancy Age, Thursday 29 July 2010 at 09:51:00 Rio Tinto's Guy Elliott joins Royal Dutch Shell as a non-executive director Rio Tinto CFO Guy Elliott is joining the Royal Dutch Shell board as a non-executive director. Elliott has served in the top finance role at the mining company since 2002. He takes up the director position - and joins Royal Dutch Shell's audit committee - from 1 September. He was senior independent director at Cadbury prior to its takeover by Kraft. Furthe

  • BP chasing $10bn tax credit

    29 Jul 2010

    David Jetuah, Accountancy Age, Thursday 29 July 2010 at 09:40:00 Oil giant trying to secure $10bn in the wake of its financially damaging oil spill in the United States BP is chasing a tax credit claim of $9.7bn (£6.3bn). The oil giant, which is looking to bolster its finances after the Gulf of Mexico oil spill, announced the move in its Q2 results, tax-news.com reported. BP's group income statement for the second quarter posts a pre-tax charge of $32.2bn linked to the oil spill and a tax cre

  • Kashflow cuts Barclaycard deal: where was Sage?

    29 Jul 2010

    TechCrunch Europe is reporting a deal between KashFlow and Barclaycard that sees Barclays developing a pilot e-billing scheme for its customers. According to TCE: As for KashFlow itself, the email makes mention that the company usually charges £15.99 + VAT a month for its service but that Barclaycard is “waiving” the charge for pilot merchants. It’s [...]

  • Links for 2010-07-28 [del.icio.us]

    29 Jul 2010

    Progressive Practices: Marshall & Co Fresh content: Progressive Practices: Marshall & Co: http://is.gd/dOzNM profiles @marshallacacta Interview With SAP Co-CEO Jim Hagemann Snabe - SVW RT @SAPCommNet: Interview with SAP Co-CEO Jim Hageman on Q2 and Sybase. http://bit.ly/bhFyot #siliconvalleywatcher > in Jim we trust ! – Martin Gillet (MGILLET) http://twitter.com/MGILLET/statuses/19741138503 Client testimonials don’t work anymore | Technology for Accountants in Practice | Top A

  • Premier League defends preferential insolvency rule

    28 Jul 2010

    Rachael Singh, Accountancy Age, Wednesday 28 July 2010 at 10:33:00 The Premier League gave its side of the story yesterday over preferential payments to football creditors in football administrations The Premier League defended its preferential payments rule in an insolvency at a Business Finance and Accountancy (BFA) parliament group meeting. Bill Bush, director of communications and public policy at the Premier League, defended the football creditor rule (FCR) at the briefing yesterday, cla