Footnotes: Madoff Bro Sentenced; FASB Picking Another Fight with Banks; The...
House Set to Vote on Boehner’s Fiscal ‘Plan B’ “After today, Senate Democrats and the White House are going to have to act on this measure,” Mr. Boehner said as the House prepared for a tense series of...
View ArticleAccounting News Roundup: Plan 'B'lew It; Banker Arrested in Olympus Scandal;...
Boehner Cancels Tax Vote in Face of G.O.P. Revolt [NYT]Speaker John A. Boehner’s effort to pass fallback legislation to avert a fiscal crisis in less than two weeks collapsed Thursday night in an...
View ArticleGrant Thornton Was the Most Dynamite Accounting Firm in 2012, Says Grant...
Eddie Nusbaum & Co. put up a good number, $4.2 billion to be precise. That's 10.4% (USD) greater than last time around. That's pretty good. So good, the firm reports in its press release that...
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Not One To Ruin CPA Exam Candidates' Holiday, The AICPA Has Score Release...
Lest everyone spend their holiday break freaking out not only about this whole "noteboard" drama but not knowing when scores will be released in the year ahead, the AICPA has announced its target score...
View ArticleThe PCAOB Has Conveniently Released 2011 Inspection Reports For Deloitte,...
Oh I bet you guys think you're slick for this one! Thanks so much for ruining my Doomsday.So here's what we've got. Let's start with Deloitte:The PCAOB identified a few particular deficiencies it...
View ArticleFootnotes: Most Disappointing Apocalypse EVER | 12.21.12
Oregon Promises Not to Change Tax Code in Nike Agreement [Tax Foundation]As Confusion Reigns, IRS Issues Statement To Employers On 2013 Withholding [Forbes]SEC Names Beswick Top Accountant [Compliance...
View ArticleANR: Congress Gets Coal in Their Stocking; Deloitte Gets More Work Despite...
Programming note: We're posting on a light schedule this week -- morning roundups, any significant breaking news and the occasional year-end list to remind you how fun 2012 was. We still want to hear...
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Severe CPA Cheapness, Fiscal Cliffs, and Big 4 Houses of Hogwarts: The Ten...
It's the last week of the year and that means no one is doing much of anything besides exchanging gifts for stuff they actually want and planning all the New Year's resolutions they won't keep. Your...
View ArticleANR: Debt Crisis, Fiscal Cliff, Whatever; At Least You Can Save More for...
Debt Ceiling Nears as Budget Talks Stymied [WSJ]The Treasury Department said Wednesday the government would hit its legal borrowing limit by Monday, setting in motion emergency measures to keep the...
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Here Are Five of the Lowliest Lowlights in Auditing from 2012
You have to admit it -- auditing is a rough gig. You're expected to meet expectations of both regulators and clients, all the while, keeping enough employees on hand so the job can actually get done in...
View ArticleAccounting News Roundup: The Year of Perpetual Crisis; HP's Autonomy Issues...
Obama, Lawmakers Set for Fiscal-Cliff Meeting [WSJ]Congressional leaders and the White House prepared for a Friday afternoon meeting, a last-ditch negotiation that could signal whether Washington is...
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Zombie CPAs, Grant Thornton Temporary Tattoos, and Porn Stars: The Going...
I won't bother pinpointing the number of blog posts or the thousands of words I've written over the past year, but I'll just say that it was a lot. There's always something for everyone -- gossip,...
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Here Are a Few New Regulations That May or May Not Affect Your CPA License...
A new year is nearly upon us and with it comes not only the promise of a fresh start and possibly shedding a few pounds but -- YAY! -- new regulations! Here are just a few state-by-state to be aware...
View ArticleAccounting News Roundup | 12.31.12
Happy New Year, capital market servants! We're continuing the vacation-esque publishing schedule through tomorrow and we'll be back with you full-time on Wednesday. In the meantime, if you've been...
View ArticleThe Ten Best CPA Exam Freakouts Of 2012
My esteemed (?) colleague has been having fun with slideshows since TPTB told us "go ahead and take it easy for the holidays, your loyal readership aren't at work anyway," now it's my turn.This has...
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Accounting News Roundup: Trading One Fiscal Crisis for Another; Europe's IFRS...
Tax Deal’s Passage Ends Latest Standoff [NYT]Ending a climactic fiscal showdown in the final hours of the 112th Congress, the House late Tuesday passed and sent to President Obama legislation to avert...
View ArticleAnother List of the Best Accounting Firms to Work For, And Another Reason to...
If you hate your job, it's clearly because you don't work for one of Accounting Today's "100 Best Firms to Work For." Every year they come out with this list, and every year it bugs the hell out of...
View ArticleDeloitte Rewards Auditors for Job Well Done with Professional Skepticism...
On December 21st, long after most people had given up on the world coming to an end and just about the time everyone on the east coast was about to check out for the rest of 2012, the PCAOB...
View ArticleBlind Item: Which NYC Accounting Firm's Holiday Party Was a Little Too Light...
Here's an unconfirmed account of a holiday party from last month: [Well-known firm] NYC party on [date] at the [fancy place] was not up to snuff. While the venue was sleek, and the band was good, - the...
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The Corporate Income Tax Is Like Mother's Milk for Tax Professionals
Corporate tax lawyers like the tax – a lot. Corporate tax managers can’t live without it. The Big Four accounting firms have an army of partners who have become rich working on corporate tax issues....
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