Auditors seek to ease fears over risk [FT]
The Big 4 is pitching the EC, “The four biggest auditors have denied that their dominance of the market for large company audits had created a systemic risk akin to that posed by leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up contingency plans addressing the possible scenario of a collapse of parts of their businesses.”
Bear Stearns court action given the green light [Daily Mail]
You can open your eyes now, Deloitte.
Floyd Norris on Joe Lieberman’s Views on Accounting [The Summa]
Professor Albrecht takes on Floyd Norris.
Stock Option Accounting, Again [Floyd Norris]
Floyd Norris responds.
Sullivan: The Mortgage Deduction Heavily Favors Blue States [TaxProf Blog]
FYI – red staters.
Jack Donaghy Talks Estate Planning with Tracy Jordan [Tax Docket]
He’s a savvy one, that Jack.
Oprah Hates Writing Checks to the IRS [AT]
Oprah is just like us!
Lawyer Asks: Why Is National Hot Rod Association Tax-Exempt? [Forbes]
Perhaps you’ve asked yourself this question.
Omaha Accountant Accused of Embezzling from Firm [AP]
OH NO! NEBRASKA!
RadioShack Says Julian Day to Retire as Chairman, CEO [BBW]
CFO Jim Gooch will take it from here.