October 2, 2022

Accounting News Roundup: Deloitte Rings Up Tesco; Ex-Madoff CFO Dies; Drink Black Coffee | 05.11.15

Tesco names Deloitte as new auditor after accounting scandal [Reuters]
This ends PwC's 32-year run.

Ex-Madoff aide DiPascali, key state witness, dies before sentencing [Reuters]
Frank DiPascali was Madoff's CFO: "I don't how I went from being an 18-year-old kid who didn't have a job to standing here in the court today," DiPascali said during his August 2009 plea hearing. "I didn't know anything about Wall Street."

Former Einstein accountant, Mary McNamara dies at 99 [SILive]
Albert Einstein, that is. 

More Consensus on Coffee’s Benefits Than You Might Think [Upshot/NYT
Drink it black. "[I]t’s way past time that we stopped viewing coffee as something we all need to cut back on. It’s a completely reasonable addition to a healthy diet, with more potential benefits seen in research than almost any other beverage we’re consuming."

Study shows ‘millionaires are insecure’ [NYP]
Those worth $1 million to $5 million are afraid of losing it all.

Chinese theme park sets up 'death simulator' where volunteers can experience being cremated [Independent]
This sounds terrible: "The Samadhi Game, located in a corner of the Window of the World amusement park in Shenzhen, opened in September 2014 and for roughly £26 simulates players’ deaths by placing them in a coffin and then transporting them to the incinerator. Once inside, players are then blasted by hot air (up to 40C) and light to create an 'authentic experience of burning,' according to its creators, Huange Weiping and Ding Rui. When the 'burning' is over, volunteers see a womb projected on the ceiling and must crawl until they reach a large, white padded area – supposedly representing a womb – where they are 'reborn'."

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