Footnotes: Netflix Up; More On Online Taxes; Anonymous Auditors Should Be Outed | 04.22.13

Posted on by Adrienne Gonzalez

Netflix is on the move, in a good way. I'm sure we can thank Kevin Spacey. [CNN]

There is still at least one dude who believes in Microsoft. Maybe a little too much. [WSJ]

Let's just tax online purchases already so we can stop talking about it, mmkay? [US News and World Report]

Headline of the day: "Accountant Allegedly Steals To Pay For Divorce, Breast Implants," it's a far better take on this than the link Colin provided you this morning [AOL]

And from FT (so it's subscriber only), Regulator urges end to auditor anonymity [FT]

Dylan Matthews of WaPo seems to believe high alcohol taxes will curb crime. Might I say that I mostly only drink at home, alone, and pass out before I can commit any crimes? [Washington Post]

Just read FASB Issues Standard on the Liquidation Basis of Accounting and your day is complete [Herald Online]

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Firm Watch: PwC

pwclogo.thumbnail.jpgThis week we’re putting together a series of posts on the six largest accounting firms to give you an idea what their latest image seems to be based on the latest news and rumors we’ve read or heard about them. At the end of the week we’ll wrap up with a completely unscientific and probably unfair ranking which you will be allowed expected to take exception with.
We’ll start with P. Dubs because they seem to have had the uncanny ability to attract bad news lately:
Get the gory details, after the jump


• Satyam Fraud in India – $1b fraud, two auditors rotting in jail, Satyam throwing the Firm under the bus every chance it gets. This is the story that will definitely not go away.
• Discrimination Suit in London – GBP 40 million lawsuit, including alleged sexual harassment. P. Dubs is saying the lawsuit is “without merit” but at the very least there are a number of bigots working there.
• Rumors of PwC interns working 60 hour weeks in the New York office. Might as well give them an idea of what they’re in for, right?
• Chosen to take a suicide mission contract in Somalia to monitor the incoming aid
• Wage and hour lawsuits in California – Listed as defendant in three cases
• Huron Consulting Restatement – P. Dubs isn’t mentioned in this debacle. YET.
• Madoff exposure – listed as a defendant in over a dozen lawsuits.
As for layoffs, we haven’t heard much lately. There was a rumor that the PwC Denver office had let some associates go in the past few weeks but we don’t have any more details than that. Layoffs that have occurred in the past year at PwC we’re rumored to be of the stealth variety and not related to the recession which nobody really believes.
So, that does it for P. Dubya for now. What are we missing? Whatever office you work out of, send us the latest scoop on layoffs, performance reviews, promotions, pay raises, bonuses, juicy gossip, scandalous stories, etc. to tips@goingconcern.com and we’ll update the posts appropriately throughout the week.

Going Concern March Madness: Busy Season Survival — Food & Beverage vs. Technology, The Sweet Sixteen

If you picked upsets in your NCAA Mens bracket and all the favorites in your GCMMBSSF&BvsT bracket, then you're in pretty good shape today. My hunch is that you went for the opposite strategy.

While favorites Excel and coffee had no problems and the wins by Bagels and Key Shortcuts were very satisfying, the loss by Someone Else's Hotpocket from the Freezer was devastating. DEVASTATING. 

Happy Birthday to Us! Going Concern Enters the Terrible Twos

Yes, today happens to be the blogoversary/birthday/whatever of this here fine publication. Back on this date in 2009, I woke up unusually late on a Monday only to discover that the site was live. I somehow was able to pull myself together and bang out a few posts sans pants without anyone – including David Lat – noticing that I was officially late for my first day of work (not the first time) day since then we’ve managed to come up with enough content to distract/keep you occupied throughout the week.

What have we learned in the past year? Let’s take a quick look back.

Well, for starters an email at PwC Ireland got a little out of hand. Adrienne’s lack of a CPA has come up a few times. Ernst & Young got sued over that Lehman Brothers thing. KPMG got sued for being a boys club. Lots of partners at Deloitte are unhappy. We learned that Rothstein Kass is officially the coolest accounting firm. BDO pays snitches in caffeinated beverages. And we gave lots and lots and lots of career advice. (Jesus, that Dear Abby must have wanted to keel over.) There was also de-pantsing by an accounting professor and now an accounting student. That doesn’t cover everything, obviously – Grover Norquist and Susan Coffey obsessions, Adrienne tells EVERYONE what they’re doing wrong on Twitter, DWB’s scotch-fueled advice, etc.

UPDATE:
I shamefully forgot this:

It’s all been pretty fun and we have you, dear readers, to thank. We really appreciate every single one of you. Especially you, John Veihmeyer. If you don’t email us, Tweet us, FB us, we don’t hear about these funny, disturbing and sometimes pathetic stories. KEEP IT UP. Thanks again for your support!

But now that we’re 2, where do we go from here? We’ve already managed to go from crawling to toddling, learned a bunch of naughty words (okay, we knew those) and quit drooling on ourselves. Basically, as Grover is fond of saying, ONWARD!