It's Gotten to the Point During Busy Season Where People Are Taking Mental...
It's March. Some of you are tired. Some of you are malnurished malnourished. Some of you are thisclose to crawling under your desks and curling into the fetal position until someone comes by to spur...
View ArticleA Few Hip-Hop Artists Are Claiming That They Can Deduct 'Making-it-rain'...
As you might expect, TMZ has the scoop and it quotes a number of artists who are currently considering tips for strippers as a legit deduction and therefore a serious tax strategy. And who doesn't love...
View ArticlePwC Poaches a KPMG Partner* and Issues a Press Release, Part IX
*By partner, in fact, it's technically a "national leader in Conflict Minerals Center of Excellence" which was a Director role.At least from what I can tell on Greg Szczesny's LinkedIn profile. Anyway,...
View ArticlePCAOB Member Jay Hanson Repeats His Belief That Auditor Rotation Is Not Gonna...
The Brits can do whatever they want; Mr. Hanson has a story and he's sticking to it: Having reviewed the comment letters and feedback from the round table panelists and others, it is clear to me that...
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Apparently, Busy Season Instagrams are a Thing Now
Who knew? mnbinkley might be the Kim Kardashian of busy season if she keeps this up."Poor Nick is so stressed he popped his stress ball.""So.Much.Caffeine. So.Little.Energy.""'Ok seriously? All of your...
View ArticleFootnotes: Big 4 Fit for a Kingdom, EITI, and PIs | 03.05.13
Even A Big Four Audit Can't Nail Down Kingdom Holdings Numbers [Forbes]Mark Cuban May Face S.E.C. Insider Trading Trial [DealBook]Will EITI Kill Transfer Pricing? [Robert Goulder]Why You Should Revisit...
View ArticleAccounting News Roundup: ObamaCare Taxes Are Sequester-proof, Phantom...
Sequester won’t interrupt collection of taxes from 'ObamaCare' [The Hill]The Affordable Care Act (ACA), enacted in 2010 and derided by Republicans as “ObamaCare,” contains the broadest set of tax...
View ArticleMost Americans Disapprove of Cheating On Taxes; Some Want to Cheat Like Tiger...
A recent poll, commissioned by the IRS, found that the overwhelming majority of taxpayers think that it's never okay to cheat on their taxes. It's an interesting data point, but what does it really...
View ArticleAccountant Hopes Bankers Will Have the Integrity of Accountants One Day
Sir Michael Rake is currently the Deputy Chairman of Barclays. and, from 2002 to 2007, he was the Chairman of KPMG International. Last night, Sir Mike did quite the impressive thing -- that is, he got...
View ArticleBusy Season Problems: Approaching the Team Member Whose Hygiene Does Not Meet...
Because 2013 is the year of the kuddle, it may be necessary for you to make some adjustments in your behavior at the office. For starters, it's important to remember that while kuddling may reduce...
View ArticleThis Guy Who Emerged From a Coma to Pass the CPA Exam AND Run a Half-Marathon...
You may have never heard of Bryan Steinhauer but this 26-year-old's story is about to make you feel guilty for every single stupid excuse you ever gave for not being able to pass the CPA exam.You see,...
View ArticleFootnotes: The One Where Whistleblowers Get Kicked In the Teeth | 03.06.13
Accounting Lessons From Corning [Seeking Alpha]World Accounting Leaders Identify Priorities for 2013 [Accounting Today]Can a New Accounting Method Improve the Prospects of Gold Mining Companies?...
View ArticleANR: HSBC Tells KPMG That It Wants to See Other Auditors; Single People Need...
KPMG at risk of losing vital HSBC audit [FT]KPMG could lose the biggest audit contract in corporate Britain after HSBC decided to consider bringing in a fresh pair of eyes to vet its accounts. The bank...
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PCAOB Not Satisfied with PwC's Efforts to Get Better at Auditing
Deba Aubin at Reuters has a great scoop this morning, reporting that the PCAOB "will fault PwC for not promptly addressing quality control problems found during inspections of some of its 2007 and 2008...
View ArticlePwC Loves CAKE and Other Interesting Things from the Expanded PCAOB...
I don't know if anyone else has noticed this, but reading about audit procedures is incredibly dull. It's nearly as dull as actually performing some of these procedures which probably explains why the...
View ArticleNo, We Can't Help You Pass the Ethics Exam
I'm not sure what's worse, the fact that this was emailed to us at all or that it was emailed from the sender's work email. But here's the problem as it stands:I took this exam more than 7 times. My...
View ArticleFootnotes: E&Y Says Alleged Spy Was 'Welcomed' by Express Scripts Execs; The...
Ernst & Young denies stealing Express Scripts data [A]ccording to Ernst & Young, Gravlin's presence at the pharmacy benefit manager's headquarters was "welcomed" by its executives. Gravlin met...
View ArticleAccounting News Roundup: 'We take audit quality very seriously'; E&Y's...
Regulator Expresses Doubts About an Auditor’s Procedures [NYT]“We take audit quality very seriously,” Tim Ryan, United States assurance leader and a vice chairman of the firm, said in an interview....
View ArticlePwC Has Rally Caps on After PCAOB's Expanded Reports
Yesterday afternoon, right about the time I couldn't read another word about PwC's love of CAKE, this tip came through at approximately 7 pm ET:Tim Ryan just finished up an "emergency" call with all...
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To Whom It May Going Concern: Journalistic Integrity or the Lack Thereof;...
It's been a bit since we've done a To Whom It May Going Concern and that could be because a lot of you have been too busy to send us a steady stream of hate mail, lame tips and vague complaints. Things...
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