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A Friendly Reminder for Auditors: Be Skeptical
If you're an opiner who has been suffering from massive memory loss or ignoring your professional purpose, don't fret. Master audit firm lobbyist Cynthia Fornelli has your playabook: “Independence,...
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Vault Ranking: Big 4 Firms Keep Things Respectable-ish Among Consulting...
No, they aren't Bain, Boston, Booz, or McKinsey but the Big 4, especially Deloitte and PwC, manage to hold their own as an employer of consulting professionals. That's according to the latest pecking...
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Indiana University Accounting Professor Dies After Fall From Parking Garage
Sad news on the Indiana University campus as accounting professor Susan Keenan died from injuries suffered after a fall from the fourth floor of a parking garage: Susan Keenan, 51, survived a fall from...
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Footnotes: Bain and PwC; Muni Bond Interest on the Chopping Block?; Isaac...
Bain Capital Partners and PwC: A Rich and Varied Relationship [AB] Should Congress Curb Tax-Exempt Municipal Bonds? [T]here is the politics [to consider]. Is Congress really going to tell bondholders...
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Accounting News Roundup: Romney's Tax Plan: Yes It Can!; Occupy Returns; Yao...
U.S. Firms Move Abroad to Cut Taxes [WSJ]Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite...
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Mandatory Audit Firm Rotation: Regulatory Sit 'n' Spin
It's been about a year since the PCAOB crapped out Release No. 2011-006, "Concept Release on Auditor Independence and Audit Firm Rotation." Some people in the profession think the PCAOB has no real...
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Report: The Best Time to Leave Public Accounting Is Within 3 - 6 Years
Though most of us consider the 2 year mark the perfect time to leave public accounting (it would be 3 or 4 if CPA licensure rules required that much experience, surely), a new report from...
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Future Big 4 Auditor Concerned That Body's Need for Sleep Will Doom Career
Lost your easy button? Email us your worries, problems, questions, and requests for gluten-free recipe ideas. I was fortunate enough to received an offer for a full-time audit position with one of the...
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Comp Watch '12: Crowe Horwath, BKD, et al.
Do you work for a public accounting firm? Are you employed by a non-Big 4 firm NOT named Grant Thornton, BDO, or McGladrey (thank you, Jeeeesus)? Have you received a raise and bonus that didn't meet...
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Footnotes: Bain Execs' Taxes; A Former Bain Exec's Taxes; Ingenuity at D.E....
How Bain Capital execs lower their taxes Tax law is a funny thing, because certain strategies aren't black and white. They're subject to interpretation. When I asked a PE tax attorney if what Bain is...
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Accounting News Roundup: Romney's Road Less Traveled; Bogus IRS Letters;...
Defeat, Introspection, Reinvention, Nomination [NYT]Not long after Mitt Romney dropped out of the presidential race in early 2008, a titan of New York finance, Julian H. Robertson, flew to Utah to...
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The Best Part of Ernst & Young's International Intern Leadership Conference...
Remember earlier this month when we showed you some images from the Ernst & Young International Intern Leadership Conference? It illustrated just how E&Y rolls out the black and yellow carpet...
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NASBA Has Extended This Testing Window For Hurricane-Affected CPA Exam...
For the procrastinators out there wondering if they'll be able to squeeze in just one more day of studying, rejoice, it appears as though NASBA has extended this testing window through September 8th...
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Tax Policy Center and Wall Street Journal Still Trying to Out-nerd Each Other...
Remember how the tax wonks at the Tax Policy Center wrote a paper that said, "Hey! Mitt Romney! Your tax plan is great and all but it's mathematically impossible for you do everything you say you want...
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New IRS Employees Don't Always Have Someone to Show Them the Ropes
As you know, the primary purpose of Treasury Inspector General for Tax Administration (aka TIGTA) in the enormous fuckshow of our federal bureaucracy is to tell the IRS how awful they are at life. Yep!...
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Footnotes: Broker-Dealer Audit Quality; Try Listening; Conventions' Price Tag...
Four Years After Madoff, Audits and Auditors of Broker-Dealers Still Lousy Having your private company or fund audit performed by a Big Four audit firm is no guarantee of quality. As a matter of fact,...
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ANR: KPMG's 2011 PCAOB Inspection; Private Co. CFOs Keep Numbers To...
KPMG 2011 Inspection Report: No Change from 2010 [CW]In its first published report from the 2011 inspection cycle, the Public Company Accounting Oversight Board found fault with a dozen KPMG audits,...
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Reminder to PwC Partners: The Firm Won't Be Considering Your Deadbeat...
As fall approaches, Big 4 recruiting for next year's crop of capital market servants will shift into high gear. This means lots of handshakes at catered events where students will make small talk,...
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KPMG's PCAOB Inspection Report Shows Firm's Audit Quality Was Consistently...
Late yesterday the PCAOB released the first Big 4 firm inspection report with none other than KPMG (in full on page 2). Compliance Week reported that the House of Klynveld more or less stayed...
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Footnotes: Labor Day Weekend Edition | 08.31.12
That's it for us, capital market servants. We'll return Tuesday. Have a safe and laborless weekend! Laboring In The Big 4 – A Labor Day Special Report A little flash from the past. [RTA] World's...
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