A Little More Shakin' Goin' On at BDO
As BDO prepares for a Jack Weisbaum-less existence, there are some final pieces that need put in place. With Wayne Berson becoming CEO, his position as "presiding board member" was up for grabs and...
View ArticleFootnotes: Offshore Audit Work Anxiety; Citi's Curious Profit; Pitching...
As more U.S. audit work moves to India, concerns arise [Reuters] Citi Has An Excellent 88% Decrease In Profit [DB] I don't want to hear about any of you experimenting with bath salts on business trips....
View ArticleAccounting News Roundup: Robama, Round 2; One and Done Millionaires; New FICA...
Candidates Tangle in Fractious Debate [WSJ]Mr. Obama took on Mr. Romney's positions on taxes, trade, energy and women's health issues in an attempt to cast him as more conservative than the GOP...
View ArticleNot Quite Layoffs Watch '12: PwC China, Hong Kong
Does anyone think that this sounds strange? This week, accounting firm PricewaterhouseCoopers announced that to help avoid layoffs, employees in mainland China and Hong Kong will be offered a chance to...
View ArticleIs Everyone on Extreme Cheapskates an Accountant Or What?
Yesterday, while most of America or at least most of my noisy and obnoxious Facebook friends were prepping to watch the second presidential debate, TLC premiered its latest So Horrible I Can't Look...
View ArticleCOSO's Internal Control Framework Update Has Some Material Weaknesses
Oh my God. Last month, COSO released a post-public exposure version of its update of Internal Control - Integrated Framework. In February, George Lucas released Phantom Menace in 3D. Both of these...
View ArticleKPMG's #2 in the U.S., Henry Keizer, Is Stepping Down
We've confirmed that Henry Keizer, KPMG's Deputy Chairman and Chief Operating Officer, is retiring later this year due to "personal reasons." A number of anonymous sources alerted us to the news and we...
View ArticleHelp Us Out By Taking the Going Concern Reader Insight Survey
TPTB, in their never-ending quest for world domination, ask that you fill out this year's Going Concern Reader Insight Survey so that we may learn a little bit about you all. I've been assured that...
View ArticleFootnotes: Adding Up Deductions, Counting Taxes and Other Things You Have...
How Much Revenue Would a Cap on Itemized Deductions Raise? [TaxVox] British bankers bitching about accounting. [Guardian] IRS Never Told Taxpayers They Could Get Penalty Relief [AT] Obama uttered...
View ArticleANR: EU Lawmaker to Big 4: Gird Your Loins; Is the SEC Focusing Too Much on...
EU lawmaker tells accounting industry to prepare for change [Reuters]EU member states and the EU Parliament are scrutinising a draft EU law that proposes far-reaching changes to improve information for...
View ArticleLifelong Minor Leaguer Narrowly Avoids Striking Out In Life By Settling For...
Lest we be accused of being a bunch of Debbie Downers over here at GC, we want to make it clear that we love a classic feel good story. You know, like the chick who went from homeless to accounting...
View ArticleOh Look, The Romney Campaign Doesn't Like the Tax Policy Center's Most Recent...
Those mischievous little number crunchers over at the Tax Policy Center are at it again! They pulled out their calculators and concluded that even with a cap on tax deductions, Mitt Romney's tax plan...
View ArticleCPA's Law School Dreams Are a Nightmare for CPA Wife
Earlier today, we shared a nice little story of an accountant who hustled after his dream of playing Major League Baseball. Heart-warming, really. It just goes to show you what can happen when you've...
View ArticleFootnotes: PCAOB Finds More Support for Auditor Rotation and Other Things You...
Why would so many people with ties to Berkshire Hathaway - including Deloitte Touche Tohmatsu's COO Manoj Singh - go to bat for Rajat Gupta? [Jonathan Weil/Bloomberg] The 10 Most Corrupt Tax Loopholes...
View ArticleAccounting News Roundup: PCC Will Be TCB (Soon); Accountant's Allegedly...
Private Company Council to Hold Its First Meeting [AT]Block off December 6 on your calendar: "The agenda items for the inaugural PCC meeting include an official transition from the Private Company...
View ArticleAre Post-Grad Certificate Programs Sufficient If All You Want To Do Is Pass...
When your cat no longer listens to your troubles and your friends aren't answering your calls because they know you're just going to dump all your nonsense on them at the bar, go ahead and email your...
View ArticleLayoffs and Compensation Watch '12: KPMG
KPMG has made good on its promise to send over 300 of its UK employees packing, but, reportedly, there's a bit of a surprise for everyone who remains: Some 340 jobs were cut at KPMG following its...
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To Whom It May Going Concern: No More Big Four?
To Whom It May Going Concern is a feature of some of the more, shall we say, interesting messages that come across the wire. If you get the urge to tell us exactly what you think about this here...
View ArticleArthur Andersen's Bones Still Have Some Meat on Them
Hey, an extra $38 million for the WorldCom fiasco is an extra $38 million: Two law firms, Bernstein Litowitz Berger & Grossman LLP and Barrack Rodos & Bacine, announced the proposed settlement...
View ArticleFootnotes: Psychic Friends' Telling Disclosure; Watch Out for the Bus;...
The Psychic Friends Network Cannot Predict Its Future [Bloomberg] Taking the Blame Typically, when something goes really wrong, it is ultimately the partner's responsibility. They didn't allow managers...
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