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November 28, 2022

Accounting News Roundup: CPA Firms Pressured to Invert; Deloitte Ready to Settle; KPMG’s Hot Market | 09.18.14

CPA Firm Pyramid Structure Comes Under Pressure [Tom Hood]
This might look familiar

What New Team Leaders Should Do First [HBR]
For the new managers out there.

ONLY a year? Lawd, time has slowed to a crawl… [Twitter]

Deloitte Exploring Settlement In Auditors' OT Action [Law360 (Subscription)]
The case is Gersten v. Deloitte & Touche: "An attorney for Deloitte & Touche LLP said in New York federal court on Wednesday that the company is exploring a settlement with a group of auditor employees who claim they were wrongly denied overtime pay, but cautioned that he was 'not optimistic' a deal would be reached."  

Remember the CEO Who Quit to Be a Dad? He’s Loving It. [WSJ]
Alternative title: Area Man's Tries Opposite Approach to Traditional Work-Life Balance, Loves it.

Lew: GOP, business response to inversions 'surprising' [The Hill]
Apparently they appealed to "patriotism" themselves once: Lew, speaking at an event in Los Angeles, said that the administration rhetoric was “language that Republicans used in the early 2000s when they enacted legislation on inversions.”

KPMG eyeing more M&A deals in China [China Daily]
KPMG China will maintain double-digit growth this year despite the economic slowdown and will be on the lookout for suitable merger and acquisition opportunities, a top company official said on Wednesday. "China will continue to be one of the fastest growth markets for KPMG in the next three to five years, though the country's economic growth is slowing," said John Veihmeyer, chairman of KPMG International, a global consultancy firm.

PwC appoints new tax director [economia]
Across the pond…

‘No impact on our strategic direction': Penn West to review results dating back to 2007 [Financial Post]
The short version: the Canadian oil producer declared a profit BUT the last seven years of numbers might be way, way off

Grumpy Cat is getting a Christmas movie [Mashable]
On Lifetime, no less.

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