Accounting
Thomson Corp buys Deloitte Property Tax
The Thomson Corporation has signed a definitive agreement to acquire the Deloitte Tax LLP Property Tax Services business (PTS).  
 
CIMA launches global ad campaign
The Chartered Institute of Management Accountants (CIMA) has launched an international corporate advertising campaign, which will run through 2008.
 
Former CIMA President on Power List
Claire Ighodaro, President of the Chartered Institute of Management Accountants (CIMA) from 2003 – 2004, has been voted the 5th most powerful black woman in New Nation’s Power List 2007.
 
SMEs turning to accountants for wider help
Over two thirds of SMEs (68 per cent) would turn to their accountant for help when experiencing problems with their bank service.
 
Deloitte records strong growth

Deloitte in the UK reported profits available for distribution to partners and retired partners of £572m for the year ended 31 May 2007, an increase of 17 per cent over the previous year.

 
ICAEW calls for consensus on IVAs
The ICAEW has urged consensus on the way forward on the Individual Voluntary Arrangement (IVA) protocol, following a statement issued by the Insolvency Service.
 
Briefing note on Structured Credit Assets
The Actuarial Profession has issued a briefing note for actuaries to help explain Structured Credit Assets (SCAs) and the key risks that should be considered when dealing with them.
 
PwC administrators to ChoiceUK
Nick Cropper, Colin Haig, Mike Jervis and Stephen Oldfield of PricewaterhouseCoopers LLP have been appointed joint administrators of ChoicesUK plc.
 
Recruiter forced to restate accounts
The Corporate Services Group plc has said a planned flotation of its Comensura subsidiary is unlikely after £950,000 of unaccounted rebates forced it to restate its accounts.
 
ICAEW revises annual return
The Quality Assurance Department (QAD) of the Institute of Chartered Accountants in England and Wales has revised the annual return following feedback from members.
 
Investors back greater audit transparency
Research commissioned by BDO Stoy Hayward shows that those running the UK’s biggest investment funds condemn the current lack of transparency on the quality of services provided by individual audit firms.
 
Dell restates manipulated accounts
Computer maker Dell will restate all its financial accounts since 2003 after a probe found that senior executives wilfully cooked the books in order to meet quarterly performance targets.
 
Ernst & Young Leeds moves to new offices
Ernst & Young will be the first tenant of Leeds’ new, iconic Bridgewater Place.
 
AADB extends remit to include actuaries
The Accountancy and Actuarial Discipline Board, a part of the FRC and formerly the Accountancy Investigation and Discipline Board, is extending its remit to include actuaries.
 
IMI launches probe into illegal kickbacks
International engineering group IMI plc has launched an investigation into a possible £20 million illegal kickback scam involving its US-based Severe Service subsidiary.
 
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