Please ensure Javascript is enabled for purposes of website accessibility
October 3, 2023

Accounting News Roundup: Deloitte’s Record Revenue; FRC to Probe Tesco’s Probe; Business Onesies | 09.24.14

Deloitte Posts Record Annual Revenue [WSJ]
$34.2 billion. Consulting grew 10% globally. In the U.S., consulting grew 11.3% while audit and enterprise risk services grew 2.7%.

Wall St. Bankrolls Ex-Executive as He Sues Over A.I.G. Bailout [DealBook]
Hank Greenberg convinced people like like Ken Langone and Chris Flowers to help finance his lawsuit against the U.S. government: "[Greenberg] has now raised several million dollars from three Wall Street companions to help cover the cost of the case. The investors, who are entitled to a cut of any damages Mr. Greenberg collects from the government, contributed about 15 percent of the tens of millions of dollars in legal costs, according to people with knowledge of the arrangement." 

Treasury Takes a Modest Step on Inversions [DealBook]
The short version of Vic Fleischer's post is: "Most inversions will still happen." 

UK accounting watchdog to study Tesco book-keeping probe [Reuters]
In other words, they'll probe the probe: "
[The FRC] will consider the outcome of the investigation announced by the company and determine whether it should take regulatory action."

In Any Effective Tax Planning Technique, Substance Is Just As Important As Form [Tony Nitti/Forbes]
And the IRS judges both: "One of the cool things about tax planning is that you can do everything as required by the letter of the law, and yet the IRS can still tear the entire thing apart. Did I say cool? I meant terrifying."

This Business Suit Onesie Is Ingenious Laziness In Clothing Form [ReadWrite]
Business too casual.

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.

Related articles

white alarm clock next to white coffee cup

Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Hey, welcome to October. You have my permission to start putting up those Halloween decorations now. Let’s get right to it! The news, I mean. Here’s something for anyone who needs it (you know who you are): Back in the office? Here’s how to be professional in the workplace Bloomberg explains the PwC Australia tax […]

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]