Footnotes: PwC Alum Is JPM's New CFO; Tax Tinkering; SEC's Silence on Less...
J.P. Morgan Names Lake as CFO Marianne Lake started her career in London with PwC. [WSJ]Is There a Tax Reform Consensus? [Joe Thorndike]Diagnosing Fragility: The Promise of Forensic Accounting [BI]From...
View ArticleAccounting News Roundup: 'Accounting Improprieties' Hit HP; Deloitte's 'All...
H.P. Takes Big Hit on ‘Accounting Improprieties’ at Autonomy [DealBook]Hewlett-Packard said on Tuesday that it has taken an $8.8 billion accounting charge, after discovering “serious accounting...
View ArticleRecruiting Season: Public Accounting Salaries for The Starting Class of 2013
Welcome to the final recruiting season roundup for 2012. Thanks for all your questions and freak outs this fall. If you ever encounter any interesting situations or simply have something on your mind...
View ArticleThe Clarity Project Clarifies That CPA Exam Candidates Should Clear the Audit...
While we've all been focused on the desperate tactics of the IASB to shove IFRS down everyone's throats and make it seem way cooler than lame old GAAP, the AICPA Auditing Standards Board (ASB) has been...
View ArticleThis HP/Autonomy "Accounting Improprieties" Thing Hit the Big 4 Superfecta...
As luck would have it, we don't get to coast this Thanksgiving week as HP had to come along and screw it all up by announcing a $8.8 billion write-down, $5 billion of which is described as "serious...
View ArticleFootnotes: HP Overflow; The Unflappable Norquist; A "High School Buddies"...
Hewlett-Packard’s Explanation Just Makes No SenseHP is writing down some of that goodwill and blaming it on supposed financial-reporting improprieties by Autonomy. This also doesn’t make sense. HP...
View ArticleAccounting News Roundup: Who Saw Autonomy Coming?; What if $500,000 Was the...
PSA: Morning team, we're doing a half day today, we're taking tomorrow *and* Friday off and there will be no Between the Spreadsheets on Friday either. I know, I know. We'll get through this...
View ArticleLet's Discuss: Auditors and The Responsibility to Detect Fraud
When I finally got around to writing about the HP/Autonomy finger pointing party yesterday, the topic of fraud detection by auditors came up as it often does in these scenarios. More specifically, the...
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Alleged CPA Creep in Columbus Is Out on Bail, Still Really (Allegedly) Creepy
The local news was calling him a "possible South Side exposer" (man, couldn't they have come up with anything better than that?) but police eventually tracked down the man a teenager claimed approached...
View ArticleDeloitte Didn't Know Anything About These Accounting Improprieties You Speak Of
Remember what Meg said, "“The board relied on audited financials — audited by Deloitte — not Brand X accounting firm but Deloitte.” Via the New York Times:Deloitte notes the allegations made yesterday...
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With Turkey Day Ahead, Here Are 10 Things For Which The Profession Should Be...
As we all pull up a chair at our respective dysfunctional family tables and enjoy the sacrifice of innocent turkeys and can-shaped cranberry sauce this Thanksgiving, let's all take a moment to express...
View ArticleApparently NASBA Is Not Going To Torture Some CPA Exam Candidates Through the...
Although it hasn't been officially announced on NASBA's Twitter account yet (are they off for the day or what?), we've gotten word CPA exam scores are slowly but surely rolling out ahead of the...
View ArticleFootnotes: Fraud, Turkey, Fraud, Taxes and OMG Deer Nuts! Happy Thanksgiving,...
Was Autonomy Founder Aware of Accounting Problems? [CNBC]HP’s Explanation Still Makes No Sense [Jonathan Weil via Bloomberg]IRS says states must encrypt electronic tax records [WIS]Grover Norquist's...
View ArticleAccounting News Roundup: Catching Up on HP, Autonomy Soap Opera; Who's...
Autonomy Founder Challenges H.P.’s Claims [NYT]Mike Lynch was growing bored in a business meeting in London on Tuesday when his phone buzzed. A text message from a friend informed him that...
View ArticleThe Second Batch of CPA Exam Scores Have Been Released for the...
For those of you whose lives have been revolving around the chase of the most coveted credential for accountants, it's unfortunate that you had really nothing to share with family and friends over the...
View ArticleStudy Suggests That a Brodeo of Directors May Be More Prone to Restatements
Here's a sign that a board of directors resembling a Guys Night Out at the Tilted Kilt could be a problem: New research shows that firms with at least one woman director are significantly less likely...
View ArticleBig 4 Firm Doesn't Appreciate the Insinuation That Former Big 4 Employees Are...
It has become increasingly clear that the front line of the war on audit firm oligarchs is in the U.K. While regulators and observers in the U.S. seem ambivalent about the Final Four Horsemen of the...
View ArticleReport: That Sloppy McGladrey Audit Was Definitely Maybe Probably Unity Bank
HEY, everyone remember that really sloppy audit that 3 (then) McGladrey & Pullen auditors got smacked on the wrist and/or face for when the PCAOB found out they threw in a bunch of necessary...
View ArticleFootnotes: The New SEC Chair; The 401(k) Waste; The Real Middle Class | 11.26.12
Schapiro to Step Down at SEC; Walter to Fill Post [WSJ]The 401(k) Is a $240 Billion Waste [Atlantic]FASB, IASB tentatively change revenue recognition constraint [JofA]UK accountancy regulation...
View ArticleAccounting News Roundup: Deloitte Dodges HP Investor Lawsuit (For Now);...
Long Before H-P Deal, Autonomy's Red Flags [WSJ]When Autonomy Corp. was starting up in this historic university town, founder Mike Lynch stuck a sign on an office door that read "Authorized Personnel...
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