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Footnotes: "She needs to go back to being an accountant in a dress store" |...
Jeff Skilling might be out of prison sooner rather than later [AP]A guy named Dick told Nikki Haley she needs to "go back to being an accountant in a dress store rather than being this fraud of a...
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Accounting News Roundup: KPMG Has a Few UK Problems; Useless Use Taxes; About...
Fannie Mae to Send $59.4 Billion to U.S. Treasury [WSJ]Fannie Mae said Thursday it would make a $59.4 billion payment to the U.S. Treasury next month after reporting a $58.7 billion first-quarter...
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This New Jersey CPA's Kitschy Crib Is Amazing
The following video from the New Jersey Society of CPAs features Marty Abo, CPA giving a tour of his hilariously awesome house. This house is great because it is the complete opposite of every CPA...
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Ernst & Young Interns Made Fully Aware of Insider Trading's Pitfalls
With full-time personnel already on notice, E&Y figured any interns not already familiar with insider trading should be made aware that material, non-public information about a client should not be...
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Tesla Is Damn Serious About Revenue Recognition
Considering the lengths that some companies go to manipulate massage their revenue, this passage from Tesla's Shareholder letter is rather refreshing:During Q1, we consistently produced 400 or more...
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Possible CPA Vanity Plate Belonging to Possibly Vain Person Possibly Driving...
As we're sure you already know, Tax Prof has been on the vanity license plate beat this week. Naturally, one of our readers had a spotted plate to throw in the mix:"Saw this little beauty walking out...
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Footnotes: You May Now Follow Tax Reform on Twitter; Jim Turley on the Boy...
Taxreform.gov and @simplertaxes are here for your viewing and following pleasure. [via DMWT]Ernst & Young's Jim Turley on the Boy Scouts Reassessing Their Gay BanThere are many challenges to the...
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Accounting News Roundup: Max and Dave's Mission Impossible; Jeff Skilling...
‘Max and Dave’ Start Public Campaign for Simpler Tax Code [Bloomberg]Getting a tax law that would accomplish their objectives is “going to be very, very difficult,” said Don Susswein, a principal in...
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To Whom It May Going Concern: "Next time you abuse your first year, remember...
This is the latest edition of our infrequent feature, To Whom It May Going Concern. Here we share some of the more, shall we say, interesting messages that come across the wire. If you get the urge to...
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IRS Sorry for Targeting Political Groups for Non-political Reasons
The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS...
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How to Find Value in the Otherwise Valueless Performance Rankings
Good day, fellow capital market servants. It’s been some time, hasn’t it? To those of you that are new-ish to this corner of the Interwebs, my name is Daniel Braddock, the resident Human Resources...
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City of Los Angeles Blames Technology, Retired Auditors for Missing $43 Million
Officials in cash-strapped Los Angeles have uncovered almost $43 million that was just sitting in a Department of Transportation account unbeknownst to the city, prompting them to wonder if there's...
View ArticleFootnotes: Tea Party Patriots to IRS: Drop Dead | 05.10.13
Apology not accepted, IRS. [FOX]Republicans slam IRS on 'Tea Party' targeting [Reuters]Clarity on Revenue Recognition Coming [CFO]PCAOB member Jay Hanson gave a speech in Ohio today about auditing and...
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Accounting News Roundup: IRS Taking Heat; Deckers Keeping KPMG as Auditor;...
IRS targeted groups critical of government, documents from agency probe show [WaPo]At various points over the past two years, Internal Revenue Service officials singled out for scrutiny not only groups...
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Protip: Threatening to Kill Your Colleagues, Even in the Midst of a Brutal...
Over the weekend, we received quite the disturbing item in the ole tip box. Our tipster did not leave an email address so we cannot possibly verify this but wanted to share anyway:Something very...
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Here Are Some of Things People Are Saying About the IRS Scandal
As you've probably heard by now, the head of the IRS's tax-exempt organizations divison, Lois Lerner, apologized on Friday that the agency targeted 501(c)4 organizations with "Tea Party" and "patriot"...
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Deloitte CEO Joe Echevarria Doesn't Want to Hear About the Troubles You've...
As you may recall, after Joe Echevarria became CEO of Deloitte in 2011, we learned that his house in Westchester was up for grabs with an asking price of $2.8 million. The 6,000 square-foot spread had...
View ArticleFootnotes: Acting Commish Knew About Targeting in 2012; A Pirate Accountant;...
IRS: Top Official First Told of Targeting in 2012 [AP]I.R.S. Focus on Conservatives Gives G.O.P. an Issue to Seize On [NYT]Europe Eases Corporate Tax Dodge as Worker Burdens Rise [Bloomberg]CAQ Advises...
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Accounting News Roundup: The New COSO Is Here; 'We should have done a better...
COSO Issues Updated Internal Control-Integrated Framework and Related Illustrative Document [COSO]Authored by PwC under the direction of the COSO Board, the updated Framework is expected to help...
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Bonus Watch '13: KPMG's "Early Career Investment Bonus" Payouts Start This Week
Remember back in 2011 when KPMG announced a loyalty compensation program called the Early Career Investment Bonus? It was a pretty creative plan on the firm's leadership to entice senior associates to...
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