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Accounting News Roundup: Deloitte Apologizes to UK Government and Bad Tax Policy Ideas | 12.21.16

Deloitte apologi[s]es

Deloite is apologizing to the British government for a leaked memo that stated that there was no plan for Brexit. In addition to the groveling, the firm offered to cease bidding on government contracts for six months, which seems like an empty gesture since there aren't that many firms out there that would be able to do the work in the first place.

Elsewhere in Brexit: Most Brits think Father Christmas would have voted "In."

Workspaces that are nicer, funner than yours

If your workspace is a sad gray cube farm, then maybe you'll want to feast your eyes on PwC's flashy Milwaukee office, just so you can remember what a genuine feeling such as envy feels like. It's so bright and cheery, you probably won't even believe that the people working there are actually accountants. I think we all look forward to the day when the machines do all the work and there's nothing to do but play shuffleboard.

Accountants behaving badly

Former CPA Bruce Kane will serve eight years in prison for helping scam investors out of $10 million. Court records state that "he got involved in the fraud so that he and his wife could 'live the lifestyle we always wanted.'" Fortunately, most CPAs trying to keep up with the Joneses simply don't follow the advice they give to clients rather than steal from them. 

Has Donald Trump released his tax returns?

Nope! But his failure to do so came in at #7 on TaxVox Editor Howard Gleckman's 10 worst tax policy ideas of the year. The Conspiracy Theorist-elect's proposed tax cut also took the #1 spot.

Previously, on Going Concern…

Megan Lewczyk wrote about IT findings in the Big 4's PCAOB inspection reports.

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