Knights' white lie

Article Abstract:

Knights Insolvency Administration had overstated by 50% its previously published revenue figures and wants to be listed on the Australian Stock Exchange, to raise at least USD six million. KnightEs three partners will be keeping about 86% of the company's total assets of 8.4 million dollar as work-in progress.

Analysis, Bankruptcy, Company bankruptcy

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Phishing expeditions

Article Abstract:

Federal Reserve Board of the United States has brought new regulations to the United States banking system to provide strong protection for consumers against identity fraud. The significance of the new laws to Australian customers, as they are at the risk of inadequate authentication systems, is discussed.

United States, Commercial Banks, Legal issues & crime, Government regulation (cont), General services, Financial management, Government regulation, Legal/Government Regulation, Consumer Protection Laws, Banking industry, Safety and security measures, Laws, regulations and rules, Finance, Consumer protection, Prevention, United States. Federal Reserve Board, Company financing, Australians, Identity theft

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Listing expense hurts Knights

Article Abstract:

An analysis of the earnings of Knights Insolvency Administration, a listed accounting firm in the year 2003-04 is furnished. Knights was listed in August 2003 and the stock market listing costs caused a large dent in its earnings for the year.

Sales, profits & dividends, Securities issued, listed, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Economic aspects, Stock-exchange, Securities, Company sales and earnings, Accounting firms, Accounting services, Company earnings/profit, Company securities

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