Footnotes: McGladrey Classic More Classic Than Ever; Your Future; Stupid...
Divided U.S. SEC adopts mortgage rule, decries lax lendingU.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did...
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Accounting News Roundup: Things at Tesco Manage to Get Worse; More Firms...
Tesco scraps profit outlook as accounting black hole deepens [Reuters]Well, this is unexpected: "Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes...
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#TBT: This Is What an Auditor's Laptop Bag Looked Like Back in the Day
Says EY on Pinterest: "The ordering box that accountants would use to carry around documents. It contained the official firm stamp that auditors must use to stamp all documents to indicate that the...
View ArticleThink of the Tax Preparers, John Boehner!
The tax code is way too complex, you guys. But House Speaker John Boehner has a solution, and it means putting every Liberty Tax sign spinner back in the unemployment line:RT if you agree: Americans...
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PCAOB Inspection Report Hands KPMG Its AS5
Oh, man. The last remaining Big 4 inspection report of 2013 was released by the PCAOB today and we are proud to be the first to tell you, KPMG did not come in last as the haters might have expected....
View ArticleFootnotes: Lots of People Nothing Like You; Pranks; All Settled Up | 10.23.14
A Sikh family claims KPMG is holding on to their special stuff [Sikh24]Rengan Rajaratnam Agrees to Settle Insider Trading Charges $840k? That's nothing [SEC]Audit Room Pranks [Reddit]Er, that's kinda...
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Accounting News Roundup: If It Can Happen at Tesco...; Pot Taxes on the...
Tesco and accounting Feeding the beast [The Economist]This sums it up nicely: "That Britain's premier retailer, one of the most widely held stocks that is followed by almost 50 analysts can restate...
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McGladrey's PCAOB Inspection Report Is the Least Embarrassing Thing About...
We were too busy yesterday making AS5 jokes about KPMG to talk about McGladrey's 2013 PCAOB inspection report, which was released at the same time. McGladrey is used to warming the bench over Big 4...
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Meet the Guy Who Prefers Falafel Over PwC
For five years, Mitan Sachdev worked in risk assurance for PwC across the pond, conducting control assessments and other such excitement. Like most of you, he dreamed of a better life, so one day he...
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Florida Auditor Busted by SEC For Failure to Rotate
Come ON, man. This isn't even worth getting in trouble for.The Securities and Exchange Commission today sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead...
View ArticleFootnotes: Tell Us How You Really Feel; McGladrey Questions; No Inversion for...
Why Tax Lawyers and Tax Economists Can’t Communicate [Tax Policy Center]BP Threatens Suit over McGladrey’s Audit of Deepwater Horizon Oil Spill Claims BP has some concerns that McGladrey might be...
View ArticleAccounting News Roundup: Chiquita Splits a Deal; IRS and Civil Forfeiture;...
Chiquita and Brazilian Group Announce Takeover Deal for Banana Producer [DealBook]After rejecting Fyffes on Friday, Chiquita hooks up with Cutrale Group and Safra Group.Law Lets I.R.S. Seize Accounts...
View ArticleThings You Should NOT Say to a Brand New CPA
Congratulations! You’re a CPA. Welcome to the dark side. Now that you’re one of us, it’s time you realize that nobody really understands what the hell CPAs do. Not even the A/P clerks. “Yeah, I’m an...
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Old Lady Convicted of $190,000 Fraud and Doesn't Even Have to Miss Christmas
The ACFE says 7 percent of frauds are detected by accident and only 3 percent are discovered by the external auditor, proving that fraudsters are 4 percentage points dumber than auditors are...
View ArticleFootnotes: A Big 4 Goodbye; Bad, Bad IRS Employee; Snitches Get... a Break? |...
Another 'Big Four' accounting firm is leaving Downtown Memphis Care to guess which? [Memphis Business Journal]Merrill Lynch Fined $6 Million Over Short-Selling Lapses [Bloomberg Businessweek]New...
View ArticleAccounting News Roundup: Few Accounting Firms Ready to Capitalize on Current...
Report: Few Are Ready to Take Advantage of Profession's Top 5 Trends [CPA Success]CCH says those trends are: 1) Increased focus on client service; 2)Technology integration challenges; 3) Digital...
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Free CPE: Five Questions to Build Trust and New Business
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...
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Free CPE: High Impact Excel: Linked Workbooks Edition
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...
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Free CPE: High Impact Excel: Error Prompt Edition
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...
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Free CPE: High Impact Excel: Shortcuts Edition
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...
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