Clik here to view.
Accounting News Roundup: Knock It Off With the Disclosures; A Cap on Taxes; A...
Ed. note: A thank you from all of us to all those who served. We will be on a somewhat regular schedule today but hope everyone takes a moment to honor our veterans. Love, granddaughter of a Marine...
View ArticleClik here to view.
IFRS Fanboy to World: Global Adoption of IFRS Is Inevitable
"The quality of financial information produced by IFRS is very high, thanks to the work of the IASB, but also to the convergence project with the United States. And a decade of use by both advanced and...
View ArticleAccounting News Roundup: Accounting Still Skilled; When CPAs Lie to...
Accounting ‘not cut’ from immigration skilled occupations list for 2015 [The Australian]False alarm.Colombia nabs army captain turned drug-ring accountant [AFP]What I want to know is... do cartels use...
View ArticleNow That Ryan Has Acquired WTP Advisors, What Happens to the Unlimited...
First, the news. Ryan has acquired WTP Advisors. We didn't get the scoop on this like we do many acquisitions because apparently no one cares. From the press release:Ryan, a leading global tax services...
View ArticleHere Are Some CPA Exam Changes You Can Expect in a Few Years
The AICPA recently issued an Invitation to Comment: Maintaining the Relevance of the Uniform CPA Examination. The purpose of this initiative is to ensure the CPA Exam remains relevant and continues to...
View ArticleJust What the Hell is Goodwill Anyway?
The problem of what to do with goodwill starts with a rather basic point: the answer to the question “What is goodwill?” appears to be “Nobody knows”. The UK’s old standard, FRS 10, said that goodwill...
View ArticleDeloitte Survey: Millennials Don't Need Cars Because They Have Facetime
In the ongoing quest to understand mysterious Millennials (who, BTW, are in their 30s now so, you know, you can just ask us if you don't understand what drives us or what we want), Deloitte surveyed...
View ArticleAccounting News Roundup: Old Guy Buys Batteries; Comptroller v. Wynne; Career...
Jean-Claude Juncker Breaks Silence Over Luxembourg Tax Issues [NYT]He takes the meta approach: "On Wednesday, Mr. Juncker accepted that he was 'politically responsible for what happened in each and...
View ArticleThe PCAOB May or May Not Be Trying to Stir the Pot
Edith Orenstein wondered out loud yesterday on FEI if the PCAOB is returning to its activist agenda of yore. Short of Jim Doty occupying the audit room with a bullhorn and a sign, what exactly does an...
View ArticleUnassigned Desks and Collaborative Workspaces are the Dystopian...
It may seem odd to use a dystopian world as a model for an office workspace, but that’s just what Citi did.Susan Catalano, Citi’s Managing Director and Chief Operating Officer of HR, was reading the...
View ArticleHere Is a Non-Exhaustive List of Things That Are Better Than Coming Out of a...
Listen, Life at Deloitte, we understand that you're obligated to tweet things like this but you should really choose your words carefully. You asked the question, so we're now obligated to answer.Is...
View ArticleClik here to view.
Spotted: The AICPA's Restroom Marketing Campaign
Our tipster writes:The marketing gurus at the AICPA posted this above the hand dryer in the men's bathroom of a local dive bar! What better time to think about retirement then after some $2 Miller...
View ArticleClik here to view.
Accounting News Roundup: Auditor Independence and the CFO; Challenge...
Auditor Independence Is the CFO’s Responsibility, Too [CFO]Say two retired EY partners.SEC Questions Internal Controls at Citigroup [Audit Analytics]Which segues nicely into adverse opinions on ICFR.An...
View ArticleClik here to view.
Here's Your Chance to Own a Yellow Corvette Thanks to the IRS
One taxpayer's loss is your gain!The IRS is offering up for auction a 2007 Chevrolet Corvette Z06 and a 2005 Chevrolet SSR Pickup, both painted in clean drug test piss yellow.They've also got a 2006...
View ArticleDon't Eat Hours, You Idiots
With yet another busy season approaching, it's time to open Pandora's Box yet again and talk about how you're billing your time. Specifically, how you're not billing your time.Like sleeping with...
View ArticleClik here to view.
Accounting News Roundup: Deloitte's Internal Startups; Bragging About Audited...
Islamic finance body AAOIFI to discuss global accounting standards [Reuters]I'm sure this will cause some fretting over adoption of "Sharia GAAP."Deloitte offers its staff the chance to be the boss of...
View ArticlePwC Gives Up a $7 Million Audit Over a $105k Independence Conflict
Remember, kids, to check your independence at the door:Logitech International (LOGI) (SIX: LOGN) (Nasdaq: LOGI) today announced a delay in the filing of its Quarterly Report on Form 10-Q for the...
View ArticleYou're Not Really as Busy as You Claim
Back in my CPA review days, freaked out candidates would call me up and ask me how to make time to study for the exam. I mean, with jobs and lives and possibly spouses and/or needy children to worry...
View ArticleAccounting News Roundup: Africa's Accounting; Lots of Bad Managers; Stop...
Africa Makes Strides in Corporate Accounting, Governance [CFOJ]Blasphemy! "Just because they don’t have the best accounting records doesn’t mean they don’t have a good business."70% of managers...
View ArticleClik here to view.
BDO Fixin' to Acquire UHY Texas
Following up its purchase of Ohio's SS&G, BDO announced today that it had reached agreement with UHY Advisors to execute....err...acquire its Texas Practice:The UHY Texas practice provides a broad...
View Article