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American officials are now pressing China to step up its enforcement of securities laws and to improve accounting standards.
Gerard Cassidy, an analyst with RBC Capital Markets, said PNC's market problems may have been compounded by a July agreement with federal regulators to improve accounting and reduce its high-risk assets.
The report calls for the General Services Administration and Office of Management and Budget, both of which help administer the credit-card program, to improve accounting, particularly for electronic equipment that could be easily stolen.
Frank DeRosa, a spokesman for the diocese, acknowledged yesterday that the parish might have had inadequate financial controls, but that the diocese had been working to improve accounting procedures at its many churches.
Britain's approach will spread: in March, FASB said it would start examining ways to improve accounting for employee pension plans, with the aim of publishing a new standard on pension accounting in America next year.Revenue recognition.
In a recent speech, he cited numerous occasions on which the "big five" had frustrated attempts to improve accounting standards, including beefing up the Financial Accounting Standards Board FASBB).
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The single most important thing that regulators could do to improve accounts, says Lynn Turner at Colorado State University and a former chief accountant at the SEC, would be to make companies report audited key performance indicators.
The company had been building a risk-evaluation platform that would improve account management by identifying fraudulent registrations, compromised logins, and risky transactions.
Scout, one of Scout Analytics' products, tracks customers' subscription usage, spending, and other activity, and provides information that companies can use to improve account management, retain customers, and develop marketing strategies that to sell more services to users.
For this reason, graft-busters must also concentrate on making civil servants honest by improving accounting systems and increasing bureaucrats' official (ie, legally obtained) salaries.Serious strides to curb corruption are still a long way off.
Improved accounting for intangible assets is one of the major challenges to future financial reporting.
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CEO of Professional Science Editing for Scientists @ prosciediting.com