Mike Lynch Would Like HP to Show Their Work
Last week, when HP announced that $5 billion of its $8.8 billion write-down was due to "serious accounting improprieties, misrepresentation and disclosure failures" at Autonomy, a lot of people were...
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Check Out the Mo-Grow In This KPMG Office
Ah, November. The one month out of the year when it is acceptable for professionals to sport creepy crumb catchers in the name of men's health, or something. We've already addressed the Movember...
View ArticleChuck Schumer Has Been Waiting Out This Bad Marriage a While
As more and more Republican lawmakers say they are willing to break the Taxpayer Protection Pledge, Chuckles can't help but think that the time has come:“For three decades a right-wing lobbyist has...
View ArticleFootnotes: Naked Day at Boehner's; Some non-$500 Million Lotto News; Polling...
Three Arrested After Nude Protest in Boehner’s Office [WSJ]HP-Autonomy: A Red-Ink Bath for Everyone [Re:Balance]Raising Corporate Taxes Is Good, not Bad, for Jobs [HBR]Former SC lotto accountant...
View ArticleAccounting News Roundup: Deloitte Gets Face Time with Obama; HP Turns Down...
Obama pushes tax agenda, Congress in stand-off [Reuters]President Barack Obama on Tuesday launched a public relations push for his bid to raise taxes on wealthy Americans, but U.S. lawmakers remained...
View ArticleIFRS Will Never Be Adopted in the U.S. If These Two Pointy-Headed Pauls Have...
I know. What the hell? Isn't IFRS a predetermined given like Avengers 2 and Kardashian divorces?IFRS is tested on the CPA exam. The SEC already accepts IFRS in certain circumstances. For years we've...
View ArticlePwC Is Missing a Huge Opportunity to Market Its IRS Resolution Services
Tax Masters. JK Harris. The Tax Lady. Their late-night commercials have all, at one time or another, pierced through the blood-shot eyes of insomniacs across the nation, ensuring that the sleepless...
View ArticleMo' Money Taxes Founder Won't Let Mo' Problems Keep Him From Serving Clients
Somehow we missed the saga of Mo' Money Taxes. Here are a few stories that should get you up to speed on some of the haps at Mo' Money:A Mo' Money Taxes franchise owner in St. Louis and four of his...
View ArticleGrant Thornton Gets Its Name Out There
Starting in 2015, Grant Thornton will be moving into the Chicago Title & Trust Co. building but more importantly will get naming rights meaning that 161. N. Clark St. will be known as the Grant...
View ArticleFootnotes: China's Big 4; When Grover Loses, He Wins; An Army of McGladrey...
Groupon CEO Mason says he would step down if needed [CT]China's Big Four and the PCAOB [China Accounting Blog]It's time to fix the charitable deduction [CNN]Grover Norquist is winning [Wonkblog]Simpson...
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Accounting News Roundup: Deloitte Sued; KPMG Sued; Ernst & Young Sued | 11.29.12
Audit firms sued in HP's Autonomy acquisition [Reuters]A new shareholder lawsuit over Hewlett-Packard's acquisition of British software firm Autonomy has named Big Four audit firms Deloitte and KPMG as...
View ArticleHiring Watch '13: PCAOB
Yesterday, the PCAOB held an open meeting discussing its plans for being the most dominating force in public accounting regulation over the next few years. Within these plans is a strategory to not...
View ArticlePwC Decides It Likes This Dennis Nally Fella
PwC International chairman Dennis Nally will remain in that position for another three years since he's done such a bang-up job for the past three. At least that's what the Oscar™ partner says:In...
View ArticleKPMG Says Meg Whitman Doesn't Know What She's Talking About
Earlier today we learned that the rest of the Big 4 joined in PwC's November to remember, by getting named in mega lawsuits. Good times all around.HP investors are suing, among others, KPMG for its...
View ArticleThings Looking Up for Two Ex-Ernst & Young Tax Evasion Specialists; Two...
For former Ernst & Young lawyers Richard Shapiro and Martin Nissenbaum, things couldn't get much better than a panel of judges overturning the convictions for your roles in selling illegal tax...
View ArticleFootnotes: Opening Cliff Bid Rejected; The Charity Lobby; A SECFTC Sandwich?...
GOP Rejects Cliff Offer From Obama [WSJ]To Save H.P., Break It in Two [DealBook]KPMG has more than half of the $4 billion of claims on MF Global UK [Reuters]The SEC And Accounting Fraud Enforcement: No...
View ArticleAccounting News Roundup: PCAOB Chair Doesn't Like What He Sees; Who's the...
PCAOB Chair Doty Warns Against Auditing Shortcuts [AT]“In the United States, large audit firms’ revenues from consulting are growing rapidly, at some firms more than 15 percent a year,” he said during...
View ArticleStop with All the Sensible Tax and Financial Planning Advice for Mega-Jackpot...
With every ginormous lottery jackpot comes the inevitable stream of articles discussing the tax implications of such a windfall.Yes, someone who wins a gazillion dollars will probably need a small...
View ArticleDeloitte Intern Candidate Just Smoked the Competition's Thoughtful Thank You...
Kiss that Green Dot Internship good-bye, you inconsiderate beasts.Love it…I just received a handwritten thank you note from an intern candidate I took to lunch last week. Those will NEVER go out of...
View ArticleCOSO Willing to Accommodate Anyone Who Hasn’t Been Able to Get the Hang of...
Auditors and companies looking to adhere to a proposed internal control framework for financial reporting were told yesterday at a Baruch College auditing conference not to sweat the actual...
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