Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Alibaba *Could* Defraud Investors (If It Wanted To); Crowe Horwath Hiring in South Bend; Improvements to Excel for iPad | 09.11.14

Short-Seller Carson Block Says He’s Wary of Alibaba [DealBook]
Block told accounting students and "aspiring investors" at Baruch that : “If Alibaba wanted to defraud investors, it absolutely could.” 

What is an ‘illegal tax protester,’ and why can’t the IRS use that term any more? [WaPo]
To answer the first question: "Some believe the federal income tax is unconstitutional, others simply don’t want to pony up the cash, and a few have done it as a form of protest against non-tax-related policies such as gay-marriage laws or the Vietnam conflict." To answer the second: Congress passed a law.

S&P: Inversions Could Lead to Credit Downgrades [CFOJ]
ICYMI: "The tax benefits of [inversions] are clear for shareholders. Companies no longer domiciled in the U.S., which has a 35% corporate tax rate, could pay lower taxes and have access to vast stores of cash formerly trapped overseas for buybacks and dividend payments. But S&P’s analysts argued that bondholders would suffer from credit downgrades as a result. 'All you have left is weaker liquidity and higher debt,' said S&P analyst Andrew Chang."

Crowe Horwath adding 100 jobs in South Bend [SBT]
FYI.

As written, I understand this to mean that if you show up at 9-15, you'll be too late.

More on Charlie Munger's one-liner:

Microsoft Adds Key Features to Excel for iPad [AWEB]
MSFT impresses David Ringstrom with some updated after he expressed some initial doubts.

 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

cat on a desk

Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [GC] Benjamin […]

cat with breakfast in bed

Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Good morning and happy Monday! Here’s some stuff happening. Virginia Society of CPAs is tackling the question “is 150 too many?” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a […]