Accounting News Roundup: 'Auditors' True Consituency'; Big 4 Applications...
U.S. Leaves American-US Airways Deal in the Lurch [WSJ]If all had gone according to plan, executives and lawyers from American Airlines parent AMR Corp. AAMRQ +6.20% and US Airways Group Inc. LCC...
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Auditors of Broker-Dealers Are Letting Us All Down
COME ON, YOU GUYS. You're making EY look really good and that is no small feat. Here's what PCAOB Member Jay Hanson had to say during the call with reporters about the Board's second progress report on...
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Here's Your Open Thread for Deloitte Compensation Discussions (2013)
Back in late June, someone in Deloitte Tax was feeling optimistic enough about this compensation to share their thoughts with us. Now it's mid-August and someone's anxiety has gotten the best of them:...
View ArticleLet's Watch a Vintage Crazy Eddie 'Christmas in August' Commercial
Some ad agency/pump-and-dumper really needs to reboot this approach
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Beta Alpha Psi Recently Got a Crash Course in Free and Fair Use
Per BAP:FYI: We made the Annual Meeting video private until we get a version with standard music. The music on the first version is copyrighted. Thank you for your patience.Here's the video proudly...
View ArticleFootnotes: Down with Itemized Deductions; Auditing God; LinkedIn Wants...
IMAX -- yes, that IMAX -- is looking for a Financial Analyst in New York. WHOA. [GCJ] The Standard Deduction Undermines Itemized Deductions The standard deduction, then, does not make much sense if you...
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Accounting News Roundup: B-D Auditors' Bad Batting Average; SEC Wants More...
Oversight Board Faults Broker-Dealer Audits [DealBook]Floyd Norris sums it up: "If this were baseball, the combined industry would be batting .036 for the two years combined."SEC Pushes Groupon to...
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Here Are a Couple of Charts That Sum Up Auditor Fees since 2002
Courtesy of our friends at Audit Analytics, who have just issued a new study evaluating the trends of audit fees and non-audit fees earned from accelerated filers over the past 11 years. As you can...
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Not Everyone Using the Ernst & Young Men's Room Is a Stand Up Guy
A top secret "restroom correspondent" at an unnamed EY! location informs us that the following was prominently featured on the lunchroom wall for all of "22 minutes on Friday till the OMP popped by":...
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Footnotes: The AICPA's 'Sack of Mush'; Pot and Tax Reform; Defending the...
The Siegfried Group needs Senior Auditors in Chicago. [GCJ]The FRF for SMEs is a “Sack of Mush” [Accounting Onion]The Future of the Charitable Deduction [Economix]Forget Congress, some states show how...
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Accounting News Roundup: New COSO Can Wait; The Price Is Wrong; H&R Block =...
Corporates Not Yet Ready for Internal-Controls Prime Time [CFO]Since the new COSO doesn't go into effect until December 2014, most companies aren't expecting to adopt it until...the end of 2014.Study:...
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The Partner Track: Part IV -- On the Cusp or On to Something Else?
Welcome to the latest installment of The Partner Track, a story of a Big 4 Senior Manager navigating a career in public accounting and thinking about the next step -- the partnership. Ever since I made...
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Someone Who Has Never Dated an Accountant Came Up With 15 Reasons to Date an...
Earlier today, we spotted a post from our friends over at Above the Law mocking eHarmony's "15 Reasons to Date a Lawyer" (or, alternatively, 15 stupid reasons to date a lawyer) which, of course,...
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Ex-Grant Thornton Partner Sorry for Taking $4 Million That Wasn't His
Craig Haber, who, after being a partner at Grant Thornton for 11 years, started helping himself to client fees, admitted today that what he did was wrong and he's sure sorry about the whole thing:...
View ArticleCPA Exam Scores Are Delayed and Naturally People Are Losing Their Minds
I present to you, Exhibit A:NEWS FROM THE #AICPA: Score release delay: #CPAexam scores will be released on August 23, 2013 for results received by August 14, 2013.— NASBA (@NASBA) August 21, 2013And a...
View ArticleFootnotes: SEC's Turnover; Van Hollen Sues IRS; Bankruptcy for Student Loan...
Deutsche Bank has several openings for Principal Auditors in New York City. [GCJ] The founder of one of America's least respected brands now has his name on business school building. [AP]SEC Deals With...
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Accounting News Roundup: SEC's Proposal on CEO Pay; IRS Suit Going Nowhere...
SEC Is Set to Propose New Rule on CEO Pay [WSJ]The Securities and Exchange Commission will soon thrust CEO compensation back into the spotlight when it proposes a long-delayed rule requiring companies...
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Apparently, Referring to a Taxpayer as 'Constitutionally Challenged' Is...
I gotta plead on ignorance on this one; it sounds perfectly PC to me.Some Internal Revenue Service employees continue to use the term “tax protester” to refer to taxpayers despite a 1998 law...
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To Whom It May Going Concern: 'If Going Concern were to go public, who would...
As we may have mentioned, we get bombarded with a number of strange questions. Either most of you have been enjoying summer because things have been relatively mundane or we've been relatively...
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Footnotes: NASBA Grant Winners; California Hasn't Imploded; Can't Spell...
Tough Mudder has an open Senior Business Analyst position in Brooklyn. [GCJ] Nasdaq Resumes Trading After Outage [WSJ] The IASB’s Quixotic Attack on Disclosure “Boilerplate” [Accounting Onion] Tyco...
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