Review Comments | 09.11.09

• House Passes Sweeping Financial Oversight Bill – “The package of regulatory changes would give regulators broad new authority to identify and respond to systemic risks, break up or wind down the riskiest firms, and crack down on abusive lending practices.” Or something like that. [WSJ]
• Blowing 0.09 Might Cost You Your License, but Maybe Not Your Casualty Loss – Something to keep in mind next time you’re considering getting behind the wheel after crushing some High Life (which we absolutely, 100%, do not condone). [Tax Update Blog]
• Tomkinson named managing partner of Grant Thornton LLP’s Southfield office – [GT Press Release]
• Apollo Group, Inc. Expands Board of Directors – They’re making room for Sam DiPiazza, former P. Dubs global chief. [Forbes/Press Release]
• Top Six Tips for Getting in the Door at BDO Seidman – Jay Duke of the BDO Dallas office gives you the lowdown. [FINS]
• Peter R. Scanlon, Who Led Coopers When Big 8 Ruled Auditing, Is Dead at 78 – “In the late 1980s, under Mr. Scanlon, Coopers & Lybrand often drew criticism for shunning the merger mania that engulfed the accounting profession.” [NYT]
• Obama wishes Jews happy Hanukkah – Ditto goes for us: Happy Hanukkah! [AFP]

• Geithner Still Pushing For Major Financial Reforms – Wait…There is still a problem? [NPR]
• Obama Says New Tax on Sugary Drinks Worth ‘Exploring’ – You thought the soda was expensive before? [Bloomberg]
• Golden couple refuse to shoulder blame – These people. [FT]
• US economic outlook ‘optimistic’ – Just like every football fan feels about their respective team. Right, Sooners? [BBC]
• The Cassandra effect – What if you can predict the future but no one believes you? [AccMan]
• IRS to Focus on Filling Vacancies – Take note people… [Web CPA]

• Green accounting? Gimme a break – Please consider the environment before putting forth crappy green initiatives. [AccMan]
• Alleged Informant Had History of Helping Galleon – Tipper A has prior convictions that related to tipping Galleon as far back as 1998. [WSJ]
• Nacchio re-sentencing date on hold – Apparently there’s no rush on these insider cases. [Denver Business Journal]
• FAS 157 Revisions: ‘There Does Not Appear To Be Any Benefit’ – That’s what one person thought anyway. The FASB received 109 comment letters on the proposed revisions. [Private Equity Beat/WSJ]
• Zoom cuts auditor UHY loose after merger – Goldman Parks Kurland Mohidin will take it from here. [Boston Business Journal]
• IASB recruits expert panel – “Board wants candidates to test cash flow model.” Maybe you? [Accountancy Age]