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Free CPE: FRF for SMEs Series—Statement of Financial Position, Part 2
View the WebinarFollow this link to register or access the recording. After this seminar has passed, the recording will still be available.CPE CREDIT WILL BE AVAILABLE TO LIVE ATTENDEES ONLY.Event...
View ArticleFootnotes: Pentagon Balks at an Audit; Re-policing Fannie and Freddie;...
Housing regulator signals shift in policy on Fannie, Freddie [WaPo]What's up with net neutrality? Glad you asked! [Reuters]Pentagon Backtracks on Goals for First Audit, GAO SaysThe Pentagon has...
View ArticleAccounting News Roundup: Muddy Waters Sights in Another; How Many KPMG...
Carson Block Followers Bet on 46% Collapse in NQ Mobile [Bloomberg]Muddy Waters founder Carson Block says NQ Mobile is making up revenue. NQ Mobile says the investigation performed by Shearman &...
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The Trial Date for PwC's California Hour and Wage Lawsuit Has Changed (Again)
We're sure you have been anxiously awaiting news on Campbell v PricewaterhouseCoopers and boy are we thrilled to give you some. No, the parties haven't settled. No, the original judge did not resign...
View ArticleQualcomm Managers Accused of Insider Trading by SEC Didn't Even Try to Hide It
When you think insider trading, you think throwaway pre-paid phones, scribbles on napkins, and clandestine meetings under the dark of night.For three Qualcomm sales managers accused yesterday by the...
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Greg Talks to People About Section 1031 Like-kind Exchanges
Greg Kyte has talked to regular folks about ObamaCare and professional skepticism but maybe you've been thinking, "What I'm really curious about is the lack of knowledge people have around tax planning...
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This One Chart Tells You Everything You Need to Know About a Rothstein Kass...
From the first moment the Rothstein Kass KPMG rumors started circling the bowl, it was pretty clear that RK's golden child is its hedge fund practice. Surely KPMG wasn't interested in the deal just so...
View ArticleKansas Represenative Wanted House Committee Meetings to Count as CPE to Keep...
This is a bit of a strange story. Let's start with the basics.Lynn Jenkins is a U.S. House Rep for the fine state of Kansas. She is also a CPA. Or rather, she used to be.This from the Topeka...
View ArticleFootnotes: Your Degree, Your Debt; Give Us a Break on Tax Breaks; Define...
College grads in deeper debt than nongrads Breaking: student loans will bring you down [CNNMoney]Officials in Spain are raiding tax delinquents' safe deposit boxes and finding some odd things [AT]The...
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Accounting News Roundup: Carried Interest Is So 10 Years Ago; Earnings...
Why Hedge Funds Don’t Worry About Carried Interest Tax Rules [DealBook]Vic Fleischer writes that hedge fund managers have plenty of tax tricks up their sleeves: "[M]any top hedge fund managers have...
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Let's Talk About the Accounting Firms Talking About Flextime
You will recall an article Colin linked to in ANR yesterday that boasts of KPMG's generous flextime policy. I will quote the original article linked on that link for your review:"We have a firm-wide...
View ArticleThe IRS Has Given Up Its Fight to Regulate Tax Preparers
The IRS decided against continuing a court battle on whether it has the legal authority to mandate testing and continuing education for paid tax return preparers.The agency had until May 12 to file a...
View ArticleSEC Chief Accountant Paul Beswick Is Leaving For the Private Sector
The SEC announced today that Chief Accountant Paul Beswick is out, with his sights set on the private sector. He'll hang around for a bit (a "transitional period" for you corporate drones) to make sure...
View ArticleKPMG Is Holding a Live Facebook Chat on Branding Tonight
Personal branding, not the kind cows get with a hot poker on their round steak.Here are the details:How will YOU stand out? Branding yourself is a great way to discover things that make you who you...
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PwC Didn't Want to Leave Anyone Out of This Selfie, But Did Anyway
The PwC crew got together for a US town hall in LA, and this happened:We didn't want to leave anyone out... here's the #PwC team squeezing in for our #pwcselfie. pic.twitter.com/dRdj8UAMUC— PwC LLP...
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Alleged "Touch It For a Buck" Creeper CPA Got His License Revoked For Felony...
Do you guys remember the sordid tale of one Christopher M. Green, formerly employed by Crowe Horwath in Columbus, OH? No? Allow me to refresh your memory (I can totally understand why you may have...
View ArticleFootnotes: Unregistered Selling; Death Tax?; Being a Tool | 05.15.14
SEC Charges Unregistered Securities Salesman for Selling Millions of Dollars in Oil-and-Gas Investments [SEC]I'm honored Grover Norquist put me on his ATR mailing list for some reason. Today, he sent...
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Accounting News Roundup: Felons to Continue Business as Usual; PwC's Greenest...
Convicted of Felonies, Banks Are Allowed to Stay in Business [NYT]Floyd Norris writes about waivers that are granted so companies can stay in business after being convicted of a criminal act: "Perhaps...
View ArticleFriday Discussion Item: What's the Real Value of a CGMA?
I feel like we have addressed this before, or rather, we've incessantly ripped on the CGMA from the beginning. In the interest of fairness, we should present the other side before we do that again. But...
View ArticleThe SEC Has Warned Against Investors Putting all Their Money into Marijuana
Thank goodness we have the SEC to protect us from ourselves.The SEC sent out a warning today cautioning investors to be on the lookout for shady "microcap companies that claim their operations relate...
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