It's an impression borne out by the 100,000 pages of bank statements, correspondence, and testimony gathered by prosecutors in Geneva and reviewed by Bloomberg Businessweek. Whether by luck or design, Gaglio's actions have resulted in a remarkably light punishment, and they've illustrated how
See Original Article

Honduran electoral authorities declared incumbent Juan Orlando Hernandez the winner of the Nov. 26 presidential vote after three weeks in which the nation slid into chaos as ballots were counted and recounted. Monitors from Organization of American states proposed new elections saying the vote
See Original Article

A leading UK lawmaker has backed critics of the UK's Financial Reporting Council (FRC) – including the Local Authority Pension Fund Forum (LAPFF) – regarding the watchdog's approach to accounting rules and UK law. In a speech to a plenary discussion at an LAPFF conference this month, Baroness
See Original Article

Bloomberg Media has launched the world's first ever round-the-clock television streaming service on Twitter Inc. (TWTR). TicToc by Blooomberg officially goes live on Monday and aims to combine Twitter's global reach and user commentary with Bloomberg's news-reporting expertise. The new service
See Original Article

It seems that every week, there is news of another merger within the accounting profession. Legally speaking, however, very few combinations of accounting firms are true mergers. Most transactions are legally structured as an acquisition, wherein the acquiring firm's owners assume ownership of the
See Original Article