Archive for December, 2009
Broadcom to Pay $160.5 Million, End Backdating Suits
Broadcom Corp. agreed to pay $160.5 million to settle shareholder lawsuits over its stock- option accounting practices.
Broadcom to Pay $160.5 Million, End Backdating Suits
Dec. 30 — Broadcom Corp
Argentine Companies To Adopt IFRS Accounting Rules From 2012
BUENOS AIRES — Argentine companies with publicly traded securities will have to adopt new international accounting rules from 2012, the government said late Tuesday.
Broadcom to Pay $160.5 Million to End Option Backdating Suits
Broadcom Corp. agreed to pay $160.5 million in cash to settle some shareholder lawsuits over its stock-option accounting practices.
2009-12-30 07:12 TIMELINE-Convergence of China, int’l accounting standards
HONG KONG, Dec 30 – The Hong Kong Stock Exchange’s plan to allow use of Chinese accounting standards for locally listed China firms comes as standards now used in Hong Kong, known as International Financial Reporting Standards, converge with those used in China.
TIMELINE-Convergence of China, int’l accounting standards
HONG KONG, Dec 30 – The Hong Kong Stock Exchange’s plan to allow use of Chinese accounting standards for locally listed China firms comes as standards now used in Hong Kong, known as International Financial Reporting Standards, converge with those used in China.
Supreme Court considers accounting oversight panel
As part of its efforts to tighten oversight of internal controls and outside auditors following accounting scandals at Enron Corp., WorldCom and Tyco International, Congress created the Public Company Accounting Oversight Board.
Biggest Tax and Accounting Stories of 2009
Everybody has to have a Top 10 list around the New Year, and looking back over the past year, we found that WebCPA readers clicked the most on stories about taxes and accounting firm rankings.
Broadcom to Settle Options Backdating Lawsuit for US$160.5M
Chip designer Broadcom plans to pay US$160.5 million to settle a class action lawsuit over stock option accounting practices commonly called backdating after hundreds of companies were forced to restate earnings a few years ago due to the practice.
Broadcom settles suit
Chip-maker Broadcom Corp. settled for $160.5 million shareholder lawsuits over its stock-option accounting practices.
