Clik here to view.
Deloitte US Will Definitely Not Practice Law, You Guys
Soon-to-be official Deloitte U.S. CEO Cathy Engelbert is sure making the rounds on the interview circuit these days. This is a good thing, as it allows everyone to get to know her before she begins her...
View ArticleClik here to view.
Accountants vs. Lawyers: A Pointless Debate
A lawyer and an accountant walk into a bar. Everyone else in the bar doesn’t care. Our friends over at Above the Law published a debate between an ex-lawyer and ex-accountant over which profession was...
View ArticleClik here to view.
Janet Yellen: Auditing the Fed Is NBD
FYI, Rand.Sen. Sherrod Brown just asked Ms. Yellen about the “Audit the Fed” proposal. Close Fed watchers have heard most of this before, but here’s Ms. Yellen’s response: ”The Federal Reserve is...
View ArticleClik here to view.
#BusySeasonProblems: Lack of Exercise, Funny Looks and Nodding Off to Jay-Z
Let's wrap up Tuesday by checking in on the plight of accountants across the Twitterverse:I need exercise so bad #BusySeasonProblems— Mary McDyer (@m_mcdyer) February 19, 2015When you have @S_C_...
View ArticleClik here to view.
Accounting News Roundup: Working Late; Paying For the CPA Exam; This Means...
IRS won't collect on bad returns from Obamacare glitch [Politico Pro]The 50,000 taxpayers who filed returns based on inaccurate subsidy data they got from the government will not need to file amended...
View ArticleClik here to view.
Hertz Can't Promise That Its Accounting Troubles Won't Get Worse
UPDATE: I relied on that figure provided by The Journal that incorrectly stated that the cost of the accounting error was $180 million. The correction states it hit profits by $153 million. Sorry for...
View ArticleClik here to view.
Busy Season Zen: Classical Car Crushing
A couple of years ago, Car and Driver ran a 5-episode series on its YouTube channel called The Destruction Hour. As you might expect, it's just 60 minutes of cars being crushed at a junkyard. They do...
View ArticleClik here to view.
Man Who Lived Out Fantasy of Screwing Over a Major Airline Sentenced to Six...
Paul Anderson, a former Delta Airlines employee, defrauded Northwest and Delta Airlines out of $36 million. In a just world, we would proclaim him a hero who sees the injustice of horrendous business...
View ArticleClik here to view.
Supreme Court Unhooks Fisherman From Conviction Under SOX Anti-Shredding...
A commercial fisherman who was snagged with a federal crime under 18 U. S. C. §1519 -- aka Sarbanes-Oxley's anti-shredding provision -- because he threw back some undersized red grouper got his day at...
View ArticleClik here to view.
Accounting News Roundup: Whistleblower Dissuasion; A History of Spreadsheets;...
SEC Probes Companies’ Treatment of Whistleblowers [WSJ]The Commission is hearing all kinds of stories about whistleblower dissuasion and is asking for NDAs, employment contracts, etc.: "Some of these...
View ArticleClik here to view.
#TBT: Barry Melancon, The Most Hated Man in Accounting
2002 wasn't exactly a fantastic year for accounting. Arthur Andersen had just been convicted of obstruction of justice in the wake of Enron's collapse. That whole Sarbanes-Oxley thing happened. And, of...
View ArticleClik here to view.
The Monthly Close: Another Accountant Who Didn't Get Laid
The books on January are closed and it's time to review the best stories from last month with your favorite Utah chuckleheads. If you need a refresher on the stories from January'smonthly close, here...
View ArticleClik here to view.
Actually, Everyone Knows That Having Two Monitors Is Super Boss
Today in this isn't news news.You may not know it but having two screens is super boss— Life at Deloitte AU (@AuDeloittian) February 26, 2015This is Life at Deloitte Down Under, which may explain why...
View ArticleClik here to view.
Memo to CPA Exam Candidates: Don't Park in the Tow Away Zone at Prometric
Over the years, we've shared several CPA exam horror stories ranging from shameful idiocy to prison yard shanking level asshattery.For example, there was the person trapped in Prometric for 6 hours due...
View ArticleClik here to view.
Accounting News Roundup: BDO Big Audit Winner in 2014; Big 4 Business Model...
BDO Sweeps 2014 Audit Clients [AT]Two years in a row Bravo Delta Oscar has snagged the most new SEC audit clients. They increased by net 40, with 54 total new engagements. Here's Wayne Berson:...
View ArticleClik here to view.
EY Still Bleeding Audit Clients
As mentioned this morning, BDO did pretty well last year, winning net 40 new SEC audit clients in 2014. The firm actually won a total of 54 new engagements, slightly more than 1 new client a week....
View ArticleClik here to view.
Florida Man Drives Porsche on Sidewalk to Make a Point, Gets Arrested
We love a good Florida Man story around here. And today, that man just happens to work at PwC. Exciting!David Clarke became a principal at the firm when PwC acquired his digital consultancy BGT in...
View ArticleClik here to view.
Friday Footnotes: SEC and China; Small Company Audit Fees; Don't Use TurboTax...
Leonard Nimoy, Spock of ‘Star Trek,’ Dies at 83 [NYT]Robert Benmosche, Former AIG CEO, Dies at Age 70 [Bloomberg]The SEC Caves on China [WSJ]Small Firms Pay Bigger Slice of Revenue in Audit Fees...
View ArticleClik here to view.
Accounting News Roundup: NoMo BoMo Selfies; A Critical Talent Shortage;...
BAT lights up audit contract competition [Fast FT]British American Tobacco, the world's second largest tobacco company, is on the hunt for a new audit firm to replace PwC, its auditors since 1998. In a...
View ArticleClik here to view.
Friendly Reminder: Stop Talking About CPA Exam Specifics on the Internet
So, imagine my joy and pleasure when I received the following email from the AICPA this morning:Dear Ms. Gonzalez,In order to ensure that exam content is kept secure and to maintain the integrity of...
View Article
