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(UPDATE) Layoffs Watch '12: A Lone Wolf in KPMG Forensics
The aforementioned forced rankings appear to still be taking effect. A tipster laments:I just got laid off from KPMG's Forensic practice in Los Angeles [and] there were a few other associates in my...
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"Emerging Growth Company" Still Trying to Get Its Accounting Figured Out
Earlier today, a little bird pointed us to an 8-K filed by Ignite Restaurant Group ("IRG") on July 18, 2012. In this filing we learn that IRG shared the always-riveting Item, "Non-Reliance on...
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Footnotes: Another SEC Probe of a Deloitte Client and Other Aggravations |...
U.S. probe into Chinese client deals fresh challenge to Deloitte [Reuters]4 Percent Of Americans Think Jamie Dimon Is Prepping His Bike To Jump The 526 Feet Between The Top Of JPMorgan Headquarters And...
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Accounting News Roundup: The Top CFOs; Sarbanes, Oxley Reflect on...
Best CFOs 2012 [WSJ]A Top 25 that is probably way more accurate than any pre-season college football poll.Not Just Bean Counters [WSJ]Features on the Top 5, including numero uno, Mark Loughridge of...
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Here's Your CPA Exam Score Release Timeline For Q3 and Q4 2012
If 2012 is the first year you've had the pleasure of taking the CPA exam, you probably have no idea just how torturous waiting for your scores used to be. You'd either refresh on your state board's...
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Poll: Americans Would Rather the Next President Get Some Jobs Up in This...
Surely most people wouldn't mind if the 1% were paying a little bit more in taxes but when compared to other issues, Gallup found that it's a pretty low priority:Creating good jobs, reducing corruption...
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"Emerging Growth Company" Still Working on the "Emerging Growth" Part
Yesterday we discussed Ignite Restaurant Group, an emerging growth company ("EGC") under the JOBS Act, and their battles with financial reporting. Today we were introduced to another EGC, this time the...
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Ernst & Young Headquarters to Have Slightly Less Huge Carbon Footprint
5 Times Square just wrapped up a giant light bulb changing exercise and figured a press release was in order:Ernst & Young LLP today announced completion of a lighting retrofit project in its US...
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Crowe Horwath May Have the Worst PCAOB Inspection Report Yet
PCAOB Terror Tour 2012 continues with the release of the inspection for Oakbrook Terrace's own Crowe Horwath. Up until this point, we thought that no one was going to make a run at the deplorable...
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Footnotes: Microsoft's 10-K, Stiffing the IRS, and the SEC's BS Case | 07.31.12
2nd Day of Power Failures Cripples Wide Swath of India [NYT]Microsoft's radical new business plan is hidden in plain sight [ZDNet]Peregrine Financial: 4 Common Methods of Camouflaging Fraud [WSJ]IRS...
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Accounting News Roundup: More Corruption Fun at Olympus; Clinging to Hope at...
Olympus Refers Possible Corrupt Practice Incident To U.S. [Bloomberg]Olympus Corp. (7733), the world’s largest maker of endoscopes, uncovered “irregularities” at a doctor- training program in Brazil...
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Comcast CFO Nerdily Points Out That, Technically, The Company Will Come Out...
On a call with analysts, NBCUniversal CEO Steve Burke announced that the network will break even on the Olympics, which is a pleasant surprise for the company since they initially projected a $200...
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Just in Case There Are Audit Committee Members Out There Slacking on the Job,...
Are you a member of an audit committee that's been phoning it in? Or are you a newbie that's feeling upstaged by your fellow audit committee buds that are the so-called financial experts? Maybe you're...
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Should New CPAs Put 'CPA' On Their Business Cards Or Is That Too Douchey?
The Psychic Friends Network once asked me to work for them but I was disqualified for being too much of a dream-killer. If you're looking for advice and don't want to pay $3.99 a minute to get it, get...
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Marco Rubio Manages to Introduce the Most Unimaginative, Transparent,...
Jesus. I know the guy is angling for VP, but this...this is trying WAY too hard:Rubio introduced the Olympic Tax Elimination Act, which exempts Olympic medal recipients from having to pay taxes on the...
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Hiring Watch '12-'13 and Beyond: Deloitte
Under Governor Dannel Malloy's "First Five program" if Deloitte adds (and retains) enough green dots in the Constitution State over the next 5 years, there will be a nice little bonus in it for them:...
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Footnotes: Kansas City Sports, Atlanta Traffic, and DC Dealings | 08.01.12
Tax payers fund questionable Royals expenses [810WBH]The Kansas City Chiefs Are Using Taxpayer Money To Pay Their Taxes, Too [Deadspin]What happens when a real attorney tries tax protest arguments?...
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Accounting News Roundup: SEC Probes Navistar's Accounting; Knight's Trading...
Navistar says SEC probes accounting practices [Reuters]Truck and engine maker Navistar International Corp. said Thursday that it is the target of a formal U.S. Securities and Exchange Commission...
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The First Images Out of Ernst & Young's International Intern Leadership...
Ahhh interns, gotta love 'em. Ernst & Young loves them so much they hold a yearly conference for the kids who stand out as best and brightest at Disney World, bringing out 1,800 interns from around...
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What's the Key to Making Partner at a Public Accounting Firm?
For some capital market servants the number one goal in their careers, the crown jewel, the ultimate feather in the cap, the most memorable notch on the bedpost, is being admitted to the partnership of...
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