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December 4, 2022

Accounting News Roundup: Ernst & Young Wants Lehman Suit in Federal Court; Does Your Office Need a Dog?; E-File Goal Will Likely Fall Short | 01.20.11

Ernst files to move Lehman suit to federal court [Reuters]
Accounting firm Ernst & Young LLP is moving a lawsuit by New York’s attorney general over its audits of Lehman Brothers Holdings Inc to federal court from state court, saying the case depends on questions of federal auditing standards. Ernst & Young was sued last month by then-Attorney General Andrew Cuomo over allegations it helped hide Lehman’s financial problems before the investment bank filed for bankruptcy protection in September 2008.

Sage delays full iXBRL release [Accountancy Age]
Accountancy Software giant Sage has delayed the release of its updated iXBRL software until after the mandatory HM Revenue & Customs deadline. HMRC has mandated that from 1 April all corporation tax must be filed using the new tagging technology, but while Sage has said it will have a basic iXBRL “template” available before the deadline, the full release will not be made available in time.

Four Reasons CPA Firms Can’t Keep the Lid on Pay Raises for Much Longer [CPA Trendlines]
There are only four reasons?

U.S.: The New Swedish Tax Haven [TaxProf Blog]
Obviously the Swedes are desperate.

From K-9s to 1099s: Pet-friendly firm boosts morale [AW]
CPA happiness is a wet nose.


IRS Will Not Meet 80% E-File Goal, Oversight Board Says [JofA]
59% in 2010 doesn’t bode well for the 80% for 2012.

Top Auditors Under Pressure to End ’Dangerous Stranglehold’ [Jeremy Newman/CEO Insights]
The BDO International CEO is pret-tay pleased that so many BSDs in the UK are asking for the end of the Big 4.

Ernst files to move Lehman suit to federal court [Reuters]
Accounting firm Ernst & Young LLP is moving a lawsuit by New York’s attorney general over its audits of Lehman Brothers Holdings Inc to federal court from state court, saying the case depends on questions of federal auditing standards. Ernst & Young was sued last month by then-Attorney General Andrew Cuomo over allegations it helped hide Lehman’s financial problems before the investment bank filed for bankruptcy protection in September 2008.

Sage delays full iXBRL release [Accountancy Age]
Accountancy Software giant Sage has delayed the release of its updated iXBRL software until after the mandatory HM Revenue & Customs deadline. HMRC has mandated that from 1 April all corporation tax must be filed using the new tagging technology, but while Sage has said it will have a basic iXBRL “template” available before the deadline, the full release will not be made available in time.

Four Reasons CPA Firms Can’t Keep the Lid on Pay Raises for Much Longer [CPA Trendlines]
There are only four reasons?

U.S.: The New Swedish Tax Haven [TaxProf Blog]
Obviously the Swedes are desperate.

From K-9s to 1099s: Pet-friendly firm boosts morale [AW]
CPA happiness is a wet nose.


IRS Will Not Meet 80% E-File Goal, Oversight Board Says [JofA]
59% in 2010 doesn’t bode well for the 80% for 2012.

Top Auditors Under Pressure to End ’Dangerous Stranglehold’ [Jeremy Newman/CEO Insights]
The BDO International CEO is pret-tay pleased that so many BSDs in the UK are asking for the end of the Big 4.

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