Accounting News Roundup: Deloitte CEO Reacts to StanChart; Ryan's Stance for...
Deloitte CEO defends firm's Standard Chartered work [Reuters]Deloitte LLP Chief Executive Joe Echevarria on Monday fought back against allegations that his firm helped Standard Chartered hide...
View ArticleOverly Emotional PwC Partner Reminds Everyone In the Most Emotional Way...
The following email came out of PwC this morning and before we get to the part where we all stand here with our jaws on the floor wondering what we just read, let's all take a moment and remind...
View ArticleErnst & Young FSO Will No Longer *Officially* Be Asking Employees to Clock...
It's been quite the past few days inside Chez Turley with people jumping up and down about their compensation numbers and the firm rolling out a new bonus structure. If that wasn't enough excitement...
View ArticleThe Wall Street Journal, For One, Has No Problem Making Mitt Romney's Tax...
Late yesterday (or for you nostalgic types, in today's print edition), the Wall Street Journal published an editorial that goes after the Brookings Institution and Tax Policy Center for their analysis...
View ArticleFootnotes: Janna Ryan, Standard Chartered Settles, The Groupon Backlash |...
Paul Ryan’s Wife Is A Housewife Now, But She Used To Be A Lawyer And A Lobbyist At PwC, no less. [ATL]New York’s A.G. Probes Nonprofits’ Political Spending [Bloomberg]Grant Thornton creates scholarship...
View ArticleAccounting News Roundup: Will the U.S. Ever Come Around on Taxes?; More on...
America’s Aversion to Taxes [NYT]It may not be impossible for the American political system to accept the case for a bigger government, with higher taxes and better public services. Ronald Reagan,...
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Here's 10 Embarrassing and Irrelevant Examples of Accounting Firm Advertising
The "Call our boy Ed Nusbaum" rose ad is up there as one of the most cringe-worthy pieces of advertising ever, not just out of accounting. We get it, GT, you're trying to make accounting all sexy and...
View ArticleStudy: Billing by the Hour Makes You Suck
A recent study from City University London determined that "the 'tyranny of billable hours' in professional service firms leads to over-charging clients, overworking junior employees, and avoiding...
View ArticleJim Turley Has All Kinds of Reasons for Supporting LGBT Inclusion
Apologies to Chuck Norris, but Jimbo didn't mention anything about pressure from the White House when he discussed his decision to oppose the Boy Scouts of America's policy of excluding gay members and...
View ArticleHere Are Two Accounting-themed Videos Parodying "Call Me Maybe" That You...
We've received a number of emails in the past 24 hours pointing to a recruiting video out of PwC Singapore that parodies an awful (yet, awfully catchy) song. I'm only sharing it with you because it...
View ArticleFootnotes: Groupon's Accounting Dance; Romney's Non-response Responses; PCAOB...
Sen. Levin: New York regulator showed 'backbone' in bank settlement [The Hill] Groupon's accounting shuffle: why it matters [ZDNet] Mitt Romney: Rich taxpayers will pay their share Q: Specifically what...
View ArticleANR: BDO Making Moves in UK; Charges Unlikely Against MF Global Execs; Your...
BDO in talks to take over accountancy rival PKF [Telegraph]BDO, Britain’s sixth biggest audit firm, is understood to have agreed a deal in principle with its smaller rival PKF, which last year had...
View ArticleWho's Going to Make Honest Capital Market Servants Out of These PwC Interns?
Last week we mentioned that many interns were doing happy dances after learning that none of their summer behavior warranted a one-way ticket back to whereverthehellyoucamefrom. Based on the comments,...
View Article"Same As Last Year" and Inept Senior Auditors Are Failures of the Audit Industry
The following was written by a second year staff auditor who wishes to remain nameless. Clearly pounded out in the heat of frustration and perhaps a tad profanity-laden, it exposes a very serious...
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Here's a Look Inside Deloitte's New Office Location at 30 Rock
Long ago, we broke the news that Deloitte would be consolidating its New York City offices into one location at 30 Rockefeller Plaza. This is exciting moment for all the NYC employees who will spend...
View ArticleMitt Romney Dug Out Some Old Tax Returns and Crunched Some Numbers
Are you happy, rubes? Mitt Romney said on Thursday that he had not paid less than 13 percent of his income in taxes during the past decade, but he called the continued focus on his personal tax returns...
View ArticleFootnotes: Sony Got a Lousy Audit; A Dewey Salary Data Dump; Ponzi Scheme Du...
Sony Corp. and the Mystery of the Lousy Audit [Bloomberg]Dewey Have Data on How Much Partners Got Paid? Yes — Thanks to the Partner Contribution Plan [ATL]Walter White wanted for manufacturing meth [TN...
View ArticleANR: Adieu to Mortgage-interest Deduction?; Unauthorized Child Credits Gone...
Tax Reform Skirmish [WSJ]It doesn't sound like much, but GOP reformers scored a victory this week against a formidable special interest. They managed to beat back an attempt by the real-estate lobby to...
View ArticleThe Second Batch of CPA Exam Scores for the July/August Testing Window Have...
You've worked hard all summer, given up exotic vacations, BBQs, boozing on patios and everything else awesome about summer just for this moment. Will the sweet taste of victory pass your lips or will...
View ArticleACFE Fraud Report Fingers You
My fraud IQ sucks. The Journal of Accountancy told me that when I took the "What's Your Fraud IQ" quiz in the August issue. I usually do pretty well. Not this month - 40 percent. I should've cheated....
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