Footnotes: A Robot Will Be Bitter Like You; Albany the Place to Be; Who Wants...
Are our jobs doomed? Report shows the potentially devastating effects of robots on the job market One day, robots will make all your bitchy GC comments [Salon]Abolish the IRS! And then what?...
View ArticleAccounting News Roundup: Obama Blames Accountants; Accounting Makes it Rain;...
Accounting is most profitable industry, study shows [Chicago Tribune]Here's something that's probably not a surprise to many: An industry all about crunching numbers is also the most profitable. And 7...
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Let's Wish a Very Happy Birthday to Becker's Peter Olinto!
Yes, it's that time of year again: Peter Olinto's birthday!If you, like me, are friends with him on Facebook, go ahead and shoot him a note and ask him when the hell he plans to let you cash in that...
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President Obama Is Mad at Accountants For Being Accountants
I buried this in ANR this morning but I think it should break out and be its own thing because WTF dude? I don't even ask that question as a confirmed libertarian nutjob who is likely to dislike...
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One PwC Manager Learned Abusing Your Expenses Might Get You Thrown Out of the...
Note this happened over the pond. Things might be different over here, but probably not.Via economia:A disciplinary committee tribunal (DCT) confirmed Lee Douglass’ exclusion after the appeal tribunal...
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Here's Your Open Thread for Deloitte Compensation Discussions (2014)
The Life at Deloitte Twitter account didn't tweet about compensation discussions happening (although we do know she recently moved to the new Orlando consulting hub and she's a legal Florida citizen...
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California Might Ditch the Attest Requirement for CPA Licensure
Before you get excited, note this is a big fat might.Here's the news release from the Board of Accountancy:The California Board of Accountancy (CBA) will be launching a study to determine whether it...
View ArticleFootnotes: Diversity or Bust; Chicago Bears Tax Bust; An IRS Win | 08.07.14
If the profession will not diversify itself, perhaps this diversity task force will[Journal of Accountancy]The Fed says one fourth of families are barely scraping by. So we should probably keep lending...
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Accounting News Roundup: Accounting Firm Caught Up in Theft Ring; AICPA's...
PwC US Appoints Terri McClements as Managing Partner of the Washington Metro Market [PR Newswire]"I look forward to creating opportunities for our people and showcasing PwC's value as an outstanding...
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It's Completely Understandable Someone Might Sign Over 200 Audit Reports By...
The LOLs just keep coming from across the pond -- why doesn't the AICPA make a bigger deal out of accountants behaving badly? I'd love to see these stories front and center on the Journal of...
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Grant Thornton's Interns Are Making Your Interns Look Bad
First, nourishing your body with food is totally overrated anyway. Second, seems like this is good practice for busy season, when you won't so much forget but be completely unable to unless you don't...
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IASB Backtracks on Lease Accounting But Definitely Not Because of FASB
Funny that the IASB and FASB working together on a new lease accounting standard was totally kumbaya up until recently, when everything fell apart and both sides realized this convergadoption thing is...
View ArticleIt's Not Accrual World For These Forty-Six Senators Who Are All For Cash...
You may have heard that the Senate is considering, as part of tax reform, to require many cash basis businesses to make the switch to accrual. Because nothing says "reform" like using the method that...
View ArticleFootnotes: More Mergers You Don't Care About; The Accountant Never Knows; Mad...
SEC Charges Bahamas-Based Brokerage Firm and President With Facilitating Fraudulent Scheme by Hedge Fund Manager [SEC]Accounting firms merge to form Coosa Valley Financial Group More firms you have...
View ArticleAccounting News Roundup: Tax Planning Enables Adult Brats; Iowa Wants...
Renouncing Partnership Structure, Kinder Morgan to Reorganize as Single Corporation [DealBook]The Master Limited Partnership is going out of vogue at Kinder Morgan: "Kinder Morgan, which encompasses a...
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Study: Working in a Windowless Cube is Ruining Your Life
Good morning and happy Monday, folks!It appears to be a slow day for good accounting news this morning, so let's instead take a look at a recent study that found working in a windowless office has...
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CPAs Point Back After Obama's Accountant-Blaming Fingerpointing
Poor Obama doesn't have a lot of friends these days, and as we know from last week, he just managed to piss off every accountant in the country by implying it's the accountants' fault businesses are...
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IFRS 15 Will Not be Tested on the CPA Exam Any Time Soon
As all of you should know, any new pronouncements are usually eligible for CPA exam testing 6 months after their effective date. So, for example, if a new rule comes into play on December 15 (which...
View ArticleFootnotes: Dewey Get to See the Books?; EY Snags an Ex-Booz Hire; Benihana in...
SEC Charges Kansas for Understating Municipal Bond Exposure to Unfunded Pension Liability [SEC]U.S. Postal Service posts $1.96 billion loss No thanks to Grant Thornton's attempt to help 'em out with...
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Accounting News Roundup: Panel Less Eager to Blame EY for Lehman Brothers;...
Arbitrators Ease Blame on Ernst & Young for Audits of Lehman Brothers [DealBook]Back in April, an arbitration panel found no cause for a malpractice claim against EY. That could throw a wrench into...
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