Footnotes: What People Really Do on Conference Calls; Grover Norquist Needs...
Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion [AP]Government Assignment and Financing of Audits? The New York Times Offers a Poisoned Bouquet [T]he...
View ArticleAccounting News Roundup: Bank of America's Settlement; Myths of Losing...
Bank of America Expected to Settle Huge Mortgage Case for $16.65 Billion [DealBook]That Countrywide acquisition is really working out well: "The Justice Department is poised to announce a $16.65...
View ArticleExtra-Marital Affairs Site Claims Accountants are Kings of Romance Because...
Well this ought to brighten up your day:A dating website that specialises in organising affairs for married people has said that accountants and those who work in the financial sectors are the most...
View ArticleThis EY Shilling Is Brought to You By Forbes
Forbes -- corporate shilling factory and low-grade financial "journalism" disguised as a magazine for rich people -- has a new writer. Yes they already have 10,000 bloggers on every subject known to...
View ArticleHere's Your Open Thread for the Second CPA Exam Score Release of Q3 2014
We've only heard from one person today that CPA exam scores are out, which means either a bunch of you failed or they are slowly trickling out.NASBA scores are up on the online portal!OH JOY!The actual...
View ArticleFT Offer Watch: Public Accounting Starting Salaries for the Class of 2014
We know those of you awaiting offers have been watching compensation threads tick by thinking to yourselves "man, I can't wait to get my offer and compare my salary to those of my fellow...
View ArticleFootnotes: Deloitte's Foot Fetish; The PCAOB's Struggle; Getting Productive |...
Regulators Struggle With Conflicts in Credit Ratings and Audits Floyd Norris uses air quotes: "Few businesses have more obvious conflicts of interest than those that involve the issuing of 'objective'...
View ArticleAccounting News Roundup: Billion Dollar Settlements Ain't So Bad; Grant...
Bank of America’s $16 Billion Mortgage Settlement Less Painful Than It Looks [DealBook]We've heard this before: "The Justice Department said on Thursday that it had so far recovered nearly $37 billion...
View ArticleUse All Your Vacation Days, Even If It Means Making Less Money
Last week, we linked to this WSJ article about how some companies are getting their employees to take time off by paying them. The mere idea of this is ludicrous, but this is America and if there's one...
View ArticleHomer Simpson Shares Grover Norquist's Anger Over George Bush's Broken...
Our pal Tony Nitti has done us all a great service by compiling a Guide To Every Tax Reference In 'The Simpsons' Marathon. Should you take my advice and take some time off next week, you can catch a...
View ArticleCrony Links: Poetic Project Management; Calculator Memories; Talking to Talent
You might as well face it, you're addicted to links.Open Items Changing Industry Specialization as an Audit SeniorAccountingWEB Can Project Management Be Poetic?AWEB Forums Sales-Tax Holidays: Good or...
View ArticleWho Will Be the Next CEO of Deloitte?
Last Friday we learned that Deloitte CEO Joe Echevarria had decided to call it a career after 34 years at the Green Dot. The news came as a bit of surprise, especially since Joe is only 57 and would be...
View ArticleFootnotes: Kount the KPMG Hats!; GOP War Over Taxes; A Sandwich Held Hostage...
Kaption this.Great showing by #TeamPhil and @KPMG_US at @TheBarclaysGolf today. #LetsGoLefty! pic.twitter.com/njdLyP4uT1— KPMG Mickelson (@MickelsonHat) August 22, 2014 You can't stop Roddy Boyd, you...
View ArticleAccounting News Roundup: Have An Inversion Your Way; Curb Your Entrepreneur...
Burger King in Talks to Buy Tim Hortons [DealBook]Have it your way, BK: "If completed, the deal would mean Burger King’s corporate headquarters would move to Canada, raising the specter of yet another...
View ArticleSex and Professional Ethics, Round 2
In case you need to be caught up, the controller at Ventas and the audit partner at EY were banging. So Ventas fired their controller, and Ventas fired EY, and EY fired the audit partner.EY also said...
View ArticleAmbitious Intern Totally Prepared to Make the Leap to Deloitte CEO Like Tomorrow
If you recall, we wondered out loud last week who might take up the esteemed chair that will soon be missing Joe Echevarria's ass. As we know, current CFO Frank Friedman will at least keep the chair...
View ArticleThis Advice From an EY Leader Should Not Be Taken Literally
Partners, CEOs and chairmen are great for all kinds of wonderful advice -- por ejemplo: "be who you really are" -- but sometimes the line between good advice and too soon bro is easily crossed.Case in...
View ArticleThe Name of EY's New Audit Tool Implies Audits Belong in the Louvre
As a creative, right-brained type myself, I realized very early on in my time in CPA review that the CPA exam was less a test of knowledge and more a test of a person's left brain to process and spit...
View ArticleHedge Funds Whoring It Up With Accounting Firms Because They Have To
Well this is interesting. You know KPMG is sitting back saying "who is the joke of the Big 4 NOW, biatch?!" Anyone could have snapped up Rothstein Kass, but KPMG got there first.As it turns out, hedge...
View ArticleFootnotes: HP to Sue Deloitte; Future King of Accounting Makes Plans; Very...
This Irish lad has high hopes of striking it rich in accounting He might consider slumming it for PwC if he must: "My preferences are KPMG, Deloitte and Accenture," said Peter, who would also consider...
View Article