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FASB Chair Vows to Finish Term Cooperating, Condorsing, Enverging, Whatever
The last ten years haven't gone exactly the way the bookworms at the FASB wanted. The Norwalk Agreement, signed in 2002, was supposed to be the first step in resolving the differences between...
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Footnotes: Obama's Tax Plan; NFL's Tax Status; Charities' Lobbying Efforts |...
CEOs’ self-serving deficit manifesto [T]he letter basically just says “please cut our taxes, raise taxes on everybody else, and cut the benefits they get from Medicare, Medicaid, and Social Security,...
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Accounting News Roundup: End the Audit Mandate; 10 Years at One Job?; Fear...
‘Fiscal cliff’ already hampering U.S. economy, report says [WaPo]The “fiscal cliff” is still two months off, but the scheduled blast of tax hikes and spending cuts is already reverberating through the...
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Recruiting Season Reason: Meet the Firms Basics For Complete Morons
You'd think I made this up but I swear I didn't, it comes from an actual recruiter who attended an actual MTF and encountered the following actual horrors. Let's open the floor on what NOT to do at...
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PCAOB Discovers That Some Firms Consider Audit Quality to Be a Nice Idea That...
PCAOB Board Member Jeanette Franzel, CPA, CIA, CMA, CGFM, gave a speech at University of Tennessee Corporate Governance Center today that discusses "Current Trends and Issues in Public Company...
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Russian National Is Feeling Rejected By Big 4
Welcome to a special Friday edition of Accounting Career Emergencies. Since Frankenstorm might sweep a lot of us out to sea early next week, let's get in all the good advice we can before the world...
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Footnotes: Ex-Deloitte Vice Chairman Gets 21 Months for Insider Trading; A...
Former Deloitte vice chairman get 21 months for insider trading [CT] The Plot to Destroy America's Beer [BBW] Italy's Berlusconi Convicted in Fraud Case [WSJ] Man Claiming Facebook Ownership Arrested...
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KPMG Plants the Flag in Myanmar (or Burma or Whatever)
It's really a shame that there are so many countries that don't have a Big 4 member firm to call their own. However, with so many opportunities to provide exemplary professional services across the...
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Footnotes: The Enemy of Tax Reform Is Us; PwC's Wine Guy; Tax Lobbyists...
Tracking the Storm [NYT]The Real Barrier to Tax Reform [Economix/NYT]U.S. Stock, Bond Markets to Reopen Wednesday [WSJ]U.S. Comptroller Warns on Banks' Loan-Loss Reserves [WSJ via ZH via CW]PwC's wine...
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Accounting News Roundup: Back-to-Work Wednesday; MF Global's Failiversary;...
Tracking the Storm [NYT]All the latest updates to get you through Wednesday.Power Outages May Last More Than a Week [WSJ] Utility companies warned that it could take more than a week to restore power...
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Being an Independent Auditor Is So Much Easier (and Effective) If You Are a...
I love HGTV in fact but not in appearance. No one looks at me and thinks, "I bet that guy TiVos Yard Crashers, Curb Appeal, and House Hunters," but I do. And although I think Hilari was robbed in...
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Twin Brothers Not Identical in the Eyes of Public Accounting Firms
When everyone else has an offer and you don't, maybe you're feeling like a reject. It's OK, darling, we still love you. Reach out and let's try to puzzle this out together, we promise we'll be nice....
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Dumb: Iowa Once Tried to Implement a Pumpkin Tax
We've noted in the past that states try to levy taxes on many silly things. Literally. Maine taxes jugglers, comedians, and clowns for crying out loud. States also try to tax other things that simply...
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Footnotes: What's Missing in the MF Global Saga; Tax Deadline Extension for...
On MF Global Anniversary Something Still Missing What’s still missing from this sordid affair is an accounting of the whereabouts of the financial auditor, PricewaterhouseCoopers. The global audit firm...
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Accounting News Roundup: Hooray for Trains; Who Wins Under Romney's Tax...
Subway, Rails to Inch Back Into Service [WSJ]New York City subway service will resume only partly Thursday morning, and residents braced for the prospect that the new day's commuting through the five...
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CPA Exam Score Release To Be Delayed Thanks To Hurricane Sandy
This just in:Due to the effects of Hurricane Sandy there will be a short delay in the release of the Uniform CPA Examination scores.Scores from test results that were received day 1 – 20 by the AICPA...
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Q: Scooby-Dooby-Doo Where Are You? A: In an Audit Room (Allegedly)
Halloween is one of those holidays that auditors don't often get to celebrate at work. The general consensus being that you can't provide exemplary client service while dressed as Captain Jack Sparrow,...
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Grover Norquist: No Matter What, Taxes Aren't Going Up
GOP drum major Grover Norquist was interviewed by the Washington Post's Suzy Khimm and you'll be absolutely FLOORED to learn that they discussed taxes. Mostly, the discussion focused was on what would...
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Oh God, The IASB Is Humiliating Itself with Some Sort of IFRS-only Cool...
Once upon a time, a few people got together and decided that we'd all be better off if businesses worldwide were all using one harmonious set of accounting rules. In 2001, when IASB took over as the...
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Footnotes: GOP No Likey Tax Report; FASB Extension; That Tricky Mortgage...
Nonpartisan Tax Report Withdrawn After G.O.P. Protest [NYT]Ex-FASB Chair: Accounting Rules Support Money Funds’ Stable Value [CFOJ]Should gas prices be soaring? [Felix Salmon]In Wake of Sandy, FASB...
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