Metrolink executive quits after report cites accounting problems [LA Times]
KRUGMAN: Sweden Has The Answers To Our Taxation Problems [Business Insider]
FASB Could Revisit Pension Accounting This Year [CFO Journal]
IRS Continues To Battle Tax Identity Theft Problem [CBS DFW]
S&P parent McGraw-Hill says government's fraud case flawed [Reuters]
Marriott Marquis Lease Could Cost Taxpayers $344.9 Million, Audit Says [NY Times]
NASBA Releases CPA Examination Statistics [PRWeb]
The State of the Union is … boring? [DC Decoder]
The CFTC’s action against PwC probably came as a result of a shocking CME Group announcement late Wednesday: “It now appears that the firm [MF Global] made … transfers of customer segregated funds in a manner that may have been designed to avoid detection.” These transfers, CME Group said, appeared to have taken place after its audit team showed up last week at MF Global to take a look and found everything to be in order. CME Group couldn’t have been hoodwinked like that if PwC had been doing its job all along. You can’t circumvent controls unless there are none or there are holes. It was PwC’s job to review controls and the adequacy of policies and procedures to support them. [