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Footnotes: Trump Confuses Alleged Fraud with Scandal; Who Needs a Debt...
Peregrine Financial's "auditor" will probably never do another "audit" again. [Reuters]Now that the rugrats are heading back to school, here's what you can and can't deduct on your taxes....
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Peregrine accountant barred from working for firms overseen by CFTC [Reuters]The U.S. futures regulator on Monday barred Jeannie Veraja-Snelling from working as an accountant for firms it oversees...
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'Little GAAP' vs. Financial Reporting Framework: As a CPA, People Expect You...
Welcome to the latest edition of Accumulated Deprecation, Greg Kyte's monthly column. Go here to read more of Greg's posts.GAAP is hard. I mean it was hard. But now accounting for private companies and...
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Accounting Career Conundrums: Planning for the CMA, Working on Vacation, and...
It's the week before Labor Day so that means everyone checked out yesterday around 8:30 am. This seems like the perfect excuse to dish out some lightning round advice, so I dug through the mailbag to...
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Footnotes: Don't Try to Scam a CPA; Life at Deloitte Is Missing a Life; Ten...
Accounting Principals named the top 10 cities for finance jobs. HOLLA, RVA! [AccountingWEB]What's Michael Jackson's face worth? No, we're not talking what he paid his plastic surgeon to change it, we...
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Accounting News Roundup: See? Fair Value for Loans Isn't So Hard; Stock...
EBay-Style Lender Has Better Way of Keeping Books [Bloomberg] [A] few years ago, the U.S. Financial Accounting Standards Board issued a proposal to require fair-value accounting for loans on corporate...
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Judge Not Amused by Nebraska Man's Dirty Trick to Discourage IRS Agents
There really should be a warning about operating heavy machinery in the presence of Service employees: An Omaha man has been sentenced to three years’ probation after dumping dirt from a front-end...
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PwC and KPMG Inspection Reports Make Us Wonder: Are Shoddy Big 4 Audits Here...
Have we mentioned how much we enjoy the PCAOB releasing inspection reports and/or making big announcements the week leading up to a major holiday? No? Oh yes, it's right up there with root canals and...
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Let's Play Another Round of Accountant/Not an Accountant!
We had so much fun with this last time, we decided to do it again. Now, let's all keep in mind that we are going with the pop culture definition of accountant (as in anyone who knows debits from...
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Footnotes: The PCAOB's Small Change; Grown Ups Don't Understand Insurance;...
Veeco is looking for a Revenue Recognition Finance Manager in Somerset, NJ. [GCJ]The PCAOB's "Game Change" Proposal on the Auditors’ Report is Small Change [Re:Balance]Fuel Fraud Costing Europe More...
View ArticleAccounting News Roundup: Comparing CEO Comp with Employees Salaries Not So...
Highest-paid CEOs in US are often fired or fined: Study [Reuters]About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying...
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Here's Your Open Thread for Rothstein Kass, Crowe Horwath, BKD, Moss Adams et...
A year ago TODAY we did the et al. compensation thread for any and all accounting firms that typically fly below the radar, so it seems fitting that we would mark the occasion again on August...
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IRS to Recognize All Same-sex Marriages, Regardless of Resident State
Married filing jointly is married filing jointly!The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that...
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Not Choosing FRF for SMEs Will Be Even Easier Thanks to the AICPA's New...
Are you a prudent business person staring at his/her five-line balance sheet thinking, "As a prudent business person whose financial reporting isn't bound by generally accepted accounting principles...
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Ten Ways CPA Exam Candidates Screw Up the Exam According To NASBA
In light of the Great Score Delay of 2013 (NEVER FORGET, we will rebuild!) and all the criticism heaped on the AICPA and NASBA for their part in the tragedy, we dug up this old post from NASBA that...
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Footnotes: Every Partner's First Question; Grover's 140 Character Tax Reform...
Greenlee needs a Financial Analyst in Rockford, IL. [GCJ]EY! has a new Americas Tax Policy Leader. [EY]Make Time for the Work That Matters [HBR]Every Partner’s First Question: ‘What’s in It for Me?’...
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Accounting News Roundup: The Tax Angles in NFL Settlement; Management...
Gay Spouses in All States Now Married Under U.S. Tax Law [Bloomberg]The decision by the Treasury Department today implements the U.S. Supreme Court’s decision in June to overturn part of the federal...
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Keep Busy in This Friday's Open Items Thread
Before you get out of the office and begin the unofficial end of summer, take time out of your busy day to chat each other up in this week's Open Items.Did I miss your career advice question? Ask it...
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Labor Day Weekend Footnotes: Johnny Football; Tax Reform Tour's Next Stop;...
~ That's it for us, capital market servants. No posting on Labor Day so we'll see you back here on Tuesday. Enjoy the long weekend! Maybe IRS should take a look at Johnny Manziel [C-J]The complex...
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It's Possible Even the Syrian Electronic Army Isn't a Fan of the CGMA
While the attack on the New York Times this week was inconvient to say the least, it appears the hack also forced the AICPA to reschedule a planned CGMA chat on Twitter. I'm sure all of you were very...
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