Footnotes: PwC-ya Later... | 02.25.13
Lindsay Lohan: I Screwed Up My Taxes... 3 Straight Years!If blowing off taxes was hockey ... Lindsay Lohan would've scored herself a hat trick ... 'cause the actress has just been hit with a tax bill...
View ArticleANR: 'We also think there's a problem with [Ernst & Young]'; The Envelope's...
HP Investor Adviser Group Seeks Board, Accountant Changes [BBW]After a two-hour meeting with Hewlett-Packard Chairman Ray Lane and other directors (HPQ) yesterday in Washington, CtW is recommending...
View ArticleICYMI: Slayer's Drummer Asked for Some Accountability, Got Fired for His Trouble
There isn't a lot of thrash metal in my musical library. In fact, I don't think there's any. I didn't really have Slayer/Anthrax/Megadeth phase. Maybe it's the shouting. Maybe it's the hair....
View ArticleJoin Us for Live Chat About Life After Public Accounting on 02.28
Last month we had nice little chat for CPA exam candidates and it seemed to go rather well, so we're having another live Q&A, this time about life after public accounting and it will be hosted by...
View ArticleWill This Intern's Trip to the Drunk Tank Jeopardize His Career Aspirations?
Over the years, we have received many questions regarding criminal histories and a life in public accounting. Not surprisingly, most of these cases have revolved around drugs or alcohol. We aren't...
View ArticleIf a Symbolic Gesture Doesn't Convince You That John Boehner Is Serious About...
If there's one thing that members of Congress love to pretend to be serious about, it's tax reform. They talk a lot about the importance of tax reform; they pledge to do such-and-such with regards to...
View ArticleFootnotes: Citi's Unbelievable Financial Statements; GT Picks Off China...
A Legal Secret Weapon May Help Hold Deloitte US Firm Liable for ChinaCast Fraud That would be Section 18 of the Securities and Exchange Act of 1934. [Forbes]The SEC, Like Everyone Else, Didn’t Believe...
View ArticleAccounting News Roundup: Corporate America's Deadliest Catch; 'We did a lot...
CFO: Most Dangerous Job in Corporate America [CFO]The commercial fisher(wo)men of the white collar world.Why America’s Charities Are So Uncharitable [Slate]All you need is a stamp, $400, and to fill...
View ArticleThe Second Batch of CPA Exam Scores for the Jan/Feb Testing Window Has Been...
Right on cue, NASBA started rolling the scores out on Monday, but sometimes these things fly under the radar. Sorry about that. I'd offer the excuse that I'm losing my touch, but there's really no...
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God, Deloitte Is Still Humblebragging About Its Hiring Numbers
We've grown accustomed to Big 4 people dropping huge hiring numbers in order to get oooohs and ahhhhhs out of media people and Joe Echevarria was on Bloomberg TV today doing more of the same:Sara...
View ArticleCreepy Kid-Touching CPA Loses His License For Said Kid Touching
Why does Colin always assign me these creeper stories? Oh well.I don't know about anyone else but reading this gave me the creeps. Maybe because we had two creepy neighbors trying to mack on me when I...
View ArticleFootnotes: The Lew Guy; E&Y, KPMG Big Audit Client Winners; Where's the Hate...
Senate approves Lew as new Treasury chief [Reuters]E&Y, KPMG Top 2012 for Audit Client Wins [AT]Shares of Papa John's drop after accounting errorThe Louisville, Ky., company said in a regulatory...
View ArticleANR: Let the Sequester Blamestorming Begin!; PCAOB Looking for 'Least...
Jockeying Stalls Deal on Cuts [WSJ]With mandatory across-the-board spending cuts set to begin Friday, the White House and congressional Republicans are poised to let the deadline pass, each calculating...
View ArticlePwC and Deloitte Probably Don't Care That They Lost So Many Audit Clients
One possible alternative title for Accounting Today's "scorecard for new SEC audit clients" would be "Jesus, PwC and Deloitte Lost a Lot of Audit Clients Last Year." I'll go out on a limb and say that...
View ArticleOccupy PwC Dublin Wasn't Even Trying
People aren't protesting like they used to. I mean, who has the energy anymore? Drum circles are EXHAUSTING. Then there's the pepper spray. Who needs that? Plus it's winter; Not exactly prime protest...
View ArticleAre Some U.S. Companies Preparing to Trim Their Tax Department Fat?
When I first saw this KPMG press release, I figured it was the same old insufferable tripe. I mean, read this shit: Amid continuing economic and political uncertainty, senior management at US-based...
View ArticleFootnotes: Sequest This!; The Pope's Retirement Package; Adios, Andrew |...
The True Meaning of SequestrationWe are headed for a disaster of biblical proportions. What do I mean? I mean Old Testament, real wrath-of-God type stuff. Fire and brimstone coming down from the skies!...
View ArticleAccounting News Roundup: Big 4 Unions in China (Sort of); Dow's Tax Shelter...
SEC gets breather on global accounting body [Reuters]The United States has won a three-year stay on its membership of an accounting oversight panel, keeping alive hopes for a single set of global...
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Woman Misunderstood 'Crazy Accounting' to Mean 'Take Money That Doesn't...
Leslie Lebel used to work in the finance department for the City of Bloomington, Illinois. After seven years on the job, during the time between September and December 2011, she allegedly embezzled...
View ArticleWarren Buffett Has No Use for Auditors
In one instance at least! Here's a little anecdote courtesy of the ubiquitous Business Insider:[I]n 1984, Berkshire highlighted its purchase of Nebraska Furniture Mart [in its annual letter to...
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