Please ensure Javascript is enabled for purposes of website accessibility
February 2, 2023

Accounting News Roundup: Deloitte Loses a Case Up North; On the Hunt for K-1s; Merger Rumor Accuracy | 04.07.14

Livent creditors win key ruling, awarded $85-million [Globe and Mail]
Deloitte is on the hook: "Ontario Superior Court Justice Arthur Gans said he found evidence that Deloitte auditors were negligent and breached their 'duty of care' to investors. 'I am at a loss to understand how Deloitte could have signed a clean audit opinion for 1997,' Justice Gans wrote in his 118-page decision."

Where’s my K-1? [Tax Update]
The April deadline is a week from tomorrow and some of you might have clients who are asking this question on repeat.

IRS delays filing season for Washington mudslide victims [The Hill]
An extra six months.

Winery Accountant Pleads Not Guilty to Embezzling $300K from Employer [Napa Valley Patch]
Not the most complex scheme you'll hear about: "[
Xandria Roxanne Neal] allegedly purchased gift cards with a company credit card and used the money for personal purchases."

Grover can turn anything into an argument for tax cuts. 

How to tell if a merger rumor will come true [Quartz]
If you read about it in Bloomberg, apparently.

Farewell, My Friend [TaxProf]
Paul Caron is (nearly) beating diet soda one day at a time. Are there support groups for this?

George R.R. Martin Stops by SNL's Weekend Update Desk [Gawker]

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 […]