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December 6, 2022

Accounting News Roundup: Audit Firms Q1 Client Gains and Losses; The Beginning of ‘Too Few to Fail’; James Franco Sues Accounting Firm | 04.21.14

BDO Leads Q1 in New SEC Clients [AT]
KPMG and Marcum also did okay for themselves, netting +8 and +5 while PwC and EY were big losers, netting -10 and -19 audit clients respectively. 

US Department of Justice v KPMG: Document Shows “Too Few To Fail” Was Opening Premise [Re:The Auditors]
Francine McKenna has dug up some correspondence that hasn't been highlighted previously between KPMG and the DOJ during the negotiations of the firm's settlement for tax evasion in 2005.

The Tax Court Didn't Repeal Attorney-Client Privilege [Forbes]
How about some legal interpretations for your Monday morning? 

FASB, IASB to Hold More Lease Accounting Talks [GlobeSt]
Mark your calendars for this Wednesday.

Suit says SamTrans retaliated against ex-employee for questioning accounting practices [SJMN]
It all started with a request for freight invoices and then it gets ugly from there.

James Franco’s Ex-Manager, Accounting Firm Sued for Diverting Actor’s Commissions [Variety]
No celebrity is safe!

16-Year-Old Survives in Wheel Well of Maui Flight [AP]
5 1/2 hours from San Jose to Maui: "Simon said security footage from the San Jose airport verified that the boy from Santa Clara, Calif., hopped a fence to get to Hawaiian Airlines Flight 45 on Sunday morning. The child had run away from his family after an argument, Simon said. Simon said when the flight landed in Maui, the boy hopped down from the wheel well and started wandering around the airport grounds. 'He was unconscious for the lion's share of the flight,' Simon said. The flight lasted about 5½ hours."

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