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December 5, 2022

Accounting News Roundup: CAT’s Tax Dirt; Deloitte to Maryland’s Rescue; PCAOB’s Public Meeting | 04.02.14

Caterpillar digs in at hearing on taxes: 'We pay everything we owe' [CT, Earlier]
If you recall, the Apple defense works quite well.

KPMG director ‘stole £45k for gambling addiction’ [Scotsman
Brian Chapman made some poor decisions: "Management consultant Brian Chapman, from Cumbernauld, was struggling to maintain payments towards his mortgage and 12 credit cards at the time of the fraud, it is claimed. Although he was earning a gross annual salary of more than £100,000, he was £90,000 in debt and lost an average of £330 a week through gambling."

Alignment is key for internal audit to deliver more value [JofA]
No pressure: “That bar continues to rise,” FedEx Chief Audit Executive Robert King, CPA, said Tuesday during a PwC webcast. “And quite candidly, as you go down that journey and become seen in your organization as more of a trusted adviser, they continue to raise that bar, because they ask, ‘What more you can do?’ ”

If you're in DC, don't forget to check out the PCAOB open meeting today and tomorrow.

Board of Md. health-insurance exchange votes to hire Deloitte to overhaul it [WaPo]
At a cost of $40 to $50 million.

Grant Thornton and BDO merge in Isle of Man [Accountancy Age]
The combined firm will be the largest on the island.

High school student goes 8 for 8 in Ivy League college admissions [CNN]
Don't be jelly: "Kwasi Enin of Shirley has been accepted by the eight Ivy League schools — Harvard, Yale, Brown, Columbia, University of Pennsylvania, Dartmouth, Princeton and Cornell — and then some. He will have his choice as the decision deadline of May 1 approaches. 'I simply thought I would apply,' Enin told Long Island Newsday. 'I was hoping to get one or two. Then they all came, and I said, "There's no way." ' "

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