Internal Controls Are of the Devil (Or: Why Stealing from the Catholic Church...
The other day I asked my wife if she'd be mad if I started a new religion. I clarified that she would not be required to join my new religion; I just wanted to know if I'd have her support. She didn't...
View ArticleClik here to view.
One Moss Adams Office Got Ready for March Madness By Dressing Up Like...
Gonzaga University is relevant for about ten days a year or so. I suppose since the new Pope is Jesuit that might change things, but I doubt it. I have nothing personal against the University or the...
View ArticleClik here to view.
Members of Congress Seem Surprised That Tax Reform Meetings with Interest...
Last month, the House Ways and Means Committee announced that it was creating eleven working groups to kickstart this tax reform idea that's been thrown around. At the time the effort was described as...
View ArticleHere Are Some Bad Busy Season Role Models
In the spirit of busy season, we figured this would be a good opportunity to bring back a few role models you shouldn't be molding yourself after if you want to get along with your team and have a job...
View ArticleFootnotes: Tax Reform Doesn't Need Political Harmony and Other Things You...
Tax reform prospects good, say veterans of 1986 reform“The fact that we don’t necessarily see a joining of hands between the political parties and singing of ‘Kumbaya’ is no reason to believe a tax...
View ArticleClik here to view.
Accounting News Roundup: The New COSO Tour, 2013; Grover Norquist's Bracket;...
H-P Raises Dividend by 10% [WSJ]Hewlett-Packard Co.'s board authorized a 10% dividend increase as the technology company looks to deliver a greater return to investors. The company raised its quarterly...
View ArticleClik here to view.
Going Concern March Madness: Busy Season Survival -- Food & Beverage vs....
For the last two seasons, Going Concern March Madness pitted accounting firms against each other to decide just which firm was the coolest in this fair land. Sadly, we have decided to end this...
View ArticleWorld Class Accounting Firms Getting a World Class Action Litigation Experience
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not faced...
View ArticleThe PCAOB Is Sorry for the Mess
With PwC CAKEgate in the rearviewmirror, the PCAOB appears to have taken a look around and decided it wants to tidy up a bit by shuffling around its auditing standards. Naturally, Doty & Co. like...
View ArticleLife After Public Accounting: How One Woman Chose Porn Over Spreadsheets
As you all may or may not recall, last summer we profiled a rising porn star who may or may not have gotten her start at Deloitte. We have yet to confirm that she did come from the green dot but we do...
View ArticleFootnotes:Lots of Losses Coming for Lululemon; Lots of Laughs in Utah; Lots...
Lululemon Expects More Write-Offs on PantsThe company said it expects write-offs to reduce its revenue by another $45 million to $50 million over the rest of the year, mostly in the second quarter....
View ArticleAccounting News Roundup: The Can Is Kicked; The Tax Reform Holding Pattern;...
House averts government shutdown, backs Ryan budget [Reuters]The U.S. House of Representatives eliminated the threat of a government shutdown next week, approving on Thursday a stop-gap funding bill...
View ArticleClik here to view.
Going Concern March Madness: Busy Season Survival -- Food & Beverage vs....
Busy season is like war. Okay maybe not, but it's hell anyway. There are no rules on how you survive it, but you MUST survive it. And if that means taking that last slice of pizza and hiding it in your...
View ArticleClik here to view.
Here's Proof That People in the U.S. Are Afraid of IFRS
I could watch this all day. GIFSoup
View ArticleThe California Wage and Hour Lawsuit Against PwC Is Finally Going to Trial
It's been awhile since we've written anything on Campbell v. PricewaterhouseCoopers but this announcement from the plaintiffs' attorneys seemed worthy of sharing with you all:On March 1, 2013, the...
View ArticleClik here to view.
Remember When You First Wanted to be a CPA?
This came through the twitters this week and apparently we weren't the only ones who liked it:Someone needs to warn this child. @going_concern#busyseason#CPAproblemstwitter.com/_JonEmerson/st…—...
View ArticleFootnotes: FRC Tells BDO, Grant Thornton to Step Up the Professional...
IRS Warns Tax Pros to Safeguard Taxpayer Data [AT]Internal Audit Shines Brighter with Boards [CFO]GT and BDO told to buck up professional scepticism Serious concerns have been raised about some of...
View ArticleAccounting News Roundup: Ethics and Tax Loopholes; The IRS Star Trek Video Is...
A Tax Lawyer’s Quandary [NYT via TaxProf]From the NYT Ethicist: "Q: I am a tax lawyer. Is advising wealthy companies of ways to reduce their tax bills through sophisticated legal structures ethically...
View ArticleClik here to view.
Life After Public Accounting: Creepy Reality Show Sidekick
Apparently a post I wrote last week came off as though I was criticizing the former Deloitte grunt who found her real joy in porn. In fact, I was celebrating her awakening.She isn't the first industry...
View ArticleCPA Problems: Never-ending Revenue Modules, Waking Before Dawn, and Brat Taxes
With only three weeks until April 15th, some of you might like to be reminded that there are other people out there who are going through busy season pains just like you are. Unlike you, they have...
View Article