October 2, 2022

Accounting News Roundup: DCJ on Reform or the Lack Thereof; Meet Satoshi Nakamoto; A Scary IRS Scam | 03.06.14

Real tax reform means starting from scratch [AJA]
David Cay Johnston writes that if Dave Camp is disrespecting the word reform: " 'Reform' means improvement. News reports should generally avoid that term, except in remarks attributed to advocates. In news articles, as opposed to opinion columns like this, 'change' and 'overhaul' are appropriately neutral terms." 

Tax Aspects Of The President's FY 2015 Budget [Forbes]
Just in case you can't get enough analysis of bills that have no chance of passing.  

Airlines confront credit card fraud in the air [CBS]
It's a little-known fact that most credit card purchases that take place in the air don't actually go through to the credit card company in real-time. The flight attendant swipes the card through a point-of-sale device, which stores the information until the plane lands and arrives at the gate. Some passengers intentionally take advantage of this (some without realizing it) and use cards that are expired, over their limit or even fake. "There is an issue of shrinkage in flight," Kirby said. "The airline doesn't know the card is no good until that passenger is long gone."

Lerner takes Fifth; contempt vote possible [The Hill]
Darrell Issa won't be satisfied until someone breaks down sobbing about how the POTUS orchestrated the whole thing.

Controller Was Apple CFO’s Successor All Along [CFO]
You never really had a chance.

Meet Satoshi Nakamoto, the mystery man behind bitcoin [FOX]
Nakamoto lives in the foothills of Los Angeles, did not share with much of his family his connection to bitcoins, and was decidedly displeased to have his anonymity violated — going so far as to call the cops on Goodman when she showed up at his door. "I am no longer involved in that and I cannot discuss it," he said. "It's been turned over to other people. They are in charge of it now. I no longer have any connection."

This Google Glass App Will Detect Your Emotions, Then Relay Them Back To Retailers [Fast Company]
The future is here.

Two Arrested at Brooklyn Bank With A.T.M. Fraud Device [NYT]
If the two men had plans to go to other spots that night, they ended when plainclothes police officers knocked on the glass door of the bank’s A.T.M. area at about 10 p.m. The men opened the door for the strangers, not realizing who they were. “They were very cordial, very polite,” Detective Cimino said on Wednesday.

How An IRS Telephone Scam Nearly Duped Me Out Of $5,000 [Forbes]
I was almost arrested this morning. My assets were nearly seized. My passport and drivers license were about to be suspended. That’s what the voice on the other end of my cellphone was explaining while I was on my way to work.

Gambler Sues Casino Over the $500,000 He Lost While Blackout Drunk [Gawker]
If this guy wins the case, getting blackout drunk will never be the same for any of us.

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Monday Morning Accounting News Brief: PCAOB Arrives in Hong Kong; EY Evaluates Culture; Good Luck Hiring, IRS | 9.19.22

The Wall Street Journal talks about why the IRS is not going to have an easy time recruiting in this market. A review of EY’s practices after a staff member’s suicide will look at “workplace culture, healthy work practices and psychological safety” and be conducted by an external expert. Teams of PCAOB inspectors arrived at […]