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IFRS 15 Will Not be Tested on the CPA Exam Any Time Soon
As all of you should know, any new pronouncements are usually eligible for CPA exam testing 6 months after their effective date. So, for example, if a new rule comes into play on December 15 (which...
View ArticleFootnotes: Dewey Get to See the Books?; EY Snags an Ex-Booz Hire; Benihana in...
SEC Charges Kansas for Understating Municipal Bond Exposure to Unfunded Pension Liability [SEC]U.S. Postal Service posts $1.96 billion loss No thanks to Grant Thornton's attempt to help 'em out with...
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Accounting News Roundup: Panel Less Eager to Blame EY for Lehman Brothers;...
Arbitrators Ease Blame on Ernst & Young for Audits of Lehman Brothers [DealBook]Back in April, an arbitration panel found no cause for a malpractice claim against EY. That could throw a wrench into...
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McGladrey Ups Its Game With Its Latest New Hire
Anyone remember the awkward fireside chat? If so, this guy looks familiar.I have joined McGladrey as their Chief Economist. I look forward to creating a new product on the U.S. economy & the middle...
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CAQ-Commissioned Study Finds Reasonable Assurance Somewhat More Reasonable...
We're sharing the following with you not because we think it is a sign that both clients and their auditors have cleaned up their acts but it is a perfect example of how dangerous data can be in the...
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PwC's Bob Moritz on Why You Shouldn't Miss Your Kid's Birthday Party for Work
A Fortune feature just declared what we already know: The work-life balance movement for men is coming.In its example, it uses none other than PwC's fearless leader:Several years before becoming...
View ArticleGrant Thornton May Have Hosed Fire Engine Company Audit
It appears the Financial Reporting Council -- the UK's answer to audit cops -- is looking into a "minor" matter involving the company that owns London's fire trucks and former auditor Grant Thornton....
View ArticleFootnotes: Surprise Accounting; Liar Liar; Booz Is Just Bitter at Deloitte |...
White House loosens restrictions on lobbyists Wait, they had restrictions before? [Reuters]U.S. Government Bonds Pull Back on Looming Supply [WSJ]Proposed Accounting Change Could Catch Lenders...
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Accounting News Roundup: Obama's Donors and Inversions; Issues Facing Young...
Obama Donors Embrace Corporate Inversions He Criticizes [Bloomberg]Well, this is awkward: "The administration’s connections to more than 20 donors associated with the transactions are causing tensions...
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Plan Your Day Around Your Internal Ethics Clock
I've been seeing these stories pop up about how night owls are more ethical at night, and knowing that most of us put in our time during the day despite the fact that we'd rather work third shift,...
View ArticleIASB Vice Chairman Suggests Adopting IFRS Is the Only Solution to Convergence...
You know, I have to give it to these guys, they are nothing if not persistent. They are like that lady who is always calling me to talk about my credit card interest rates; no matter how many times I...
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According to This, Audit Partner Naming Is No Longer on the PCAOB's To Do List
We found an interesting bit in a DealBook piece about Mary Jo White's impotent SEC we felt would be important to share with you:On yet another front, the S.E.C. is embroiled in a quiet battle with the...
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Free CPE: High Impact Excel: Dashboards
View the WebinarFollow this link to register or access the recording. After this seminar has passed, the recording will still be available.CPE CREDIT WILL BE AVAILABLE TO LIVE ATTENDEES ONLY.Event...
View ArticleUnfounded Rumor of the Day: Porn Floating Around PwC's Internal Instant...
Have you ever trash talked in IM at work? Have you ever been paranoid enough about it that you asked Reddit if they have ever trash talked in IM and gotten in trouble for it?This guy did. "I feel like...
View ArticleFootnotes: Portland's Top Accountant Is MIA; Deloitte Feeling Ideal; PCAOB...
City of Portland's top accountant placed on administrative leave Why? Who knows. [Oregonian]Sam Antar isn't the only one who likes to mess with IRS scammers [Fox 4 DFW]Craft beer: Tastes great, fewer...
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Accounting News Roundup: EY's Role in Gowex Fraud; The SEC's Plumbers;...
A Takeover Battle That May Put Tax Inversions to the Test [DealBook]The battle for Chiquita Brands gets fierce: "The unsolicited offer by the Cutrale Group and the Safra Group for Chiquita Brands...
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Now Would be a Good Time for Closeted Gay Partners to Come Out
According to this recent piece over at the Wharton Knowledge blog, it's starting to look like just a matter of time before a Fortune 500 CEO gets the balls (or, ovaries, if applicable) to come out of...
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#TBT: The XYZ Credential Was the CGMA of Its Day
I don't know about you but back in 2001, the last thing I cared about was the AICPA as I was too busy trying to squeeze the last bit of free-flowing money out of the spectacularly collapsed dot com...
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Do You Work a Secret Second Shift Job at Home?
Are you one of the chosen few picking up extra hours on the side? I'm not talking moonlighting, I'm talking picking up where you left off when you left the office. A recent BloombergBusinessweek...
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Twitter's Latest 10-Q Is a Perfect Example of Why No One Wants New Lease...
We all know Twitter -- like a lot of "successful" tech companies -- isn't exactly making profits hand over fist despite decent revenue but did you know how bad their lease situation is? Spoiler alert:...
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