Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Billion Dollar Settlements Ain’t So Bad; Grant Thornton’s M&A Frenzy; Networking for Introverts | 08.22.14

Bank of America’s $16 Billion Mortgage Settlement Less Painful Than It Looks [DealBook]
We've heard this before: "The Justice Department said on Thursday that it had so far recovered nearly $37 billion from big banks for their role in selling shoddy mortgages before the financial crisis. Such a large number — intended to deter misdeeds in the future — suggests that Wall Street is being made to pay for its role in stoking the subprime debacle. Yet the financial pain inflicted by the settlements may not be as great in the end."

Grant Thornton Bolsters its International Presence Through M&A [AT]
22 transactions in the last 10 months across 
Canada, Taiwan, Vietnam and Switzerland.

CPAs have opportunities in financial planning and forecasting [JofA]
According to a recent survey, only 1 in 3 accountants 
provides forecasting and financial planning services.

CNN: The Accountant Who Runs a News Business [HP]
Here's CNN's old CEO bitching about John Martin, the CEO of Turner Broadcasting and former EY accountant: "
Like most news guys, I have great distain for accountants. I often quote from Thomas Mann's Buddenbrooks, a character who says he knew Buddenbrooks would fail when the company appointed an accountant as its president." 

Networking for Introverts [HBR]
I'm sure more than a few of you will find this use

A six-figure salary still means you're rich [Vox]
FYI.

FIT student discovers cocaine in her luggage [NYP]
An exciting start to the new semester! "
An FIT student who flew to the Big Apple to start a new school year arrived at her dorm in Manhattan, opened her suitcase — and discovered 10 pounds of cocaine inside, police sources said. The baffled 21-year-old made the stunning discovery after an airplane flight on Friday as she moved into the room and quickly called cops, police sources said. 'She said she had no idea how it got there,' a police source said. The freaked fashionista handed over the four packages of blow — which had a street value of $150,000, police sources said."

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

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]