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The Big 4's Stranglehold on the Audit Market Is Worse Than You Thought
In a speech entitled "Accountability: Protecting Investors, the Public Interest and Prosperity," PCAOB member Jeanette Franzel shares some numbers: Currently, about 2,360 firms are registered with the...
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Here's the AICPA's 2013 Leadership Academy Class
Hot off the presses from the AICPA:The American Institute of CPAs (AICPA) has announced the 2013 Leadership Academy class. This group of 38 up and coming stars in the profession will participate in the...
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Footnotes: Acting IRS Does His Own Tax Return; Auditor Annoyed By Accounting...
Acting IRS Commisioner Danny Werfel does his own tax returns! [DMWT]Auditor irked by flaws in Minn. accounting system Naturally. [AP] Max & Dave will be talking about tax reform at the Economics...
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Accounting News Roundup: Tax Lobby Taking No Chances; First Lady of Tax Fraud...
Comptroller Candidate Spitzer Reveals Taxes [WSJ]New York City comptroller candidate Eliot Spitzer released on Wednesday the top two pages of his federal tax return for the past two years in the wake...
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CGMA Designation Gives You an Edge, Says Insufferable AICPA Article
If you dare, try to get through the first two paragraphs of this post from the AICPA Insights blog without throwing up in your mouth:In a recent Financial Times article, Sally Fisher of Deloitte noted...
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PwC's Failure to Install Biking Workstations in Its New Portland Office Is an...
Of course"meet[ing] the needs of nursing women, and interactive cafes with lounge areas" is nice, but what good does a walking workstation do for the average Portland P. Dubber, I ask you?Why don't you...
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Prometric's Awful Scheduling System Could Possibly Be the Worst Prometric...
OK, first thing's first: deep breath. And a little perspective while you're at it. I won't remind you that there are starving children in Africa or anything like that but let's just think about how...
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PwC's Head of Assurance Is Gonna Try Something New
Tim Ryan, who has led PwC's Assurance practice for the last four years is taking on a new role in firm as US Markets, Strategy, and Stakeholders Leader and Vin Colman, the East Region Vice Chair will...
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Footnotes: That's a Bummer, Detroit; A New Way to Pay Auditors?;...
Detroit Seeks Bankruptcy, Facing Debts of $18 Billion [NYT]Paying Auditors for Honest AppraisalsAuditors are paid by companies they audit, much as rating agencies are paid by companies they rate. This...
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Accounting News Roundup: G-20 Gung-ho for Corporate Tax Reform; IASB Getting...
G-20 to Back Corporate Tax Reform [WSJ]The Group of 20 largest economies is set to back a major reform of international taxation designed to eliminate loopholes that enable many companies to keep their...
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Find a Cool Spot in Your Friday Open Items Thread
For those of you in locations that are experiencing unrelenting, god-awful hallucination-inducing heat, it's a relief to know that in just a few short hours you'll be able to sit in directly in front...
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Deloitte’s Ability to Recruit Talent Not Affected By New York Ban Because,...
Deloitte plans to hire about a gajillion people this year. If you don't believe me, just ask them! Even if the humblebragging gets a little old, jobs = good, so we (the royal kind) should all be...
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It's a Perfect Day for the Vintage Crazy Eddie 'Beat the Heat' Commercial
I wonder if Sam and Eddie were there for the shoots saying things like, "I think we need a little more crazy. Like full-on lunatic," while figuring out how to steer the auditors away from the empty...
View ArticleFootnotes: KPMG Centre Sans KPMG; Audit Skepticism Coming Up Short; The IRS...
Regulators Move Against SAC Chief Cohen [WSJ]Oddly, two of my former employers are bolting Dallas' troubled KPMG Centre. [DMN]How Audit Skepticism Has Fallen Short [CFO]The IRS's Gay-Marriage Tax...
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Accounting News Roundup: UK Passes on Auditor Rotation; EY Isn't Hiring Just...
UK watchdog pulls back on corporate accounting shake-up [Reuters]Britain's Competition Commission set out on Monday the changes it plans to introduce in an accounting market dominated by Deloitte,...
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The Ideas in This Revamped Auditor's Report Are Great Because Audit Firms...
Michael Rapoport at the Wall Street Journal has a great article today that gives us a good idea of what kind of information would be contained in a useful auditor's report since we all know that, in...
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Studying for the CPA Exam at the Beach Isn't Really an Option Since Most...
A recent article by the New York Times is widening the massive canyon between accounting grads and law grads by reminding everyone just how different life is for would-be lawyers. Granted, with...
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Let's Give Courtney Love Credit for Being Tax Compliant in 2008 and 2010, You...
In point of fact, I do not know if Ms. Love is in compliance in the tax years of 2008 and 2010, however it stands to reason that if she were not, the lien filed on July 11th by the IRS would have...
View ArticleFootnotes: James Gandolfini's Will Maybe Not a 'Tax Diaster'; Awful...
Here's a 2,000+ word article on James Gandolfini's will. [NYT]After coming from behind to win The Open, Phil Mickelson will probably get serious about moving to Texas or Florida. [Forbes]Accounting...
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Accounting News Roundup | 07.23.13
U.K. proposal a second blow to mandatory audit firm rotation [JofA]Mandatory audit firm rotation was not among the measures the U.K. Competition Commission (CC) proposed Monday to promote competition...
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