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December 3, 2022

Accounting News Roundup: EY Lands a Vatican Gig; Deloitte’s Cozy Media Relationships; Is the Lease Accounting Overhaul Dead? | 11.19.13

Vatican Tasks Outside Firm EY to Check Finances [AP]
Promontory Group is already looking into the Vatican's bank and real estate holdings. Now EY! will "verify and consult" the activity around "money-making Vatican Museums, post office and tax-free department store." 

Global Audit Firms Take “Pay To Play” From Sponsored Content to Conferences [Re:The Auditors]
Deloitte has cozy content relationships with the Wall Street Journal and Forbes, and is a co-hosting a Financial Times pharm and biotech conference. Francine McKenna writes that's quite the minefield of conflicts of interest. 

IASB Adjusts to Changing Relationship with FASB [AT]
The most "it's complicated" relationship in the world of accounting.

Compromise for Lease Accounting Overhaul Starts to Fall Apart [CFOJ]
See? I told you it was complicated.

Baucus to Float Plan On Corporate Taxes [WSJ]
As early as today.

Internal email: Ex-Cincy IRS chief furious at DC official [CI]
Cindy Thomas wrote in an email to Lois Lerner “Cincinnati wasn’t publicly ‘thrown under the bus’ (but) instead was hit by a convoy of Mack trucks.” 

The Pentagon's Doctored Accounting Ledgers Conceal Epic Waste [Reuters]
"I'm shocked, shocked to find that gambling is going on in here!"
Residents Help Man Hurt Breaking Into Their Home: Police [AP]
A 20-year-old man woke up the residents of a house after he jumped through a window and ended up with broken glass lodged in his arm. "Resident Pablo Solorio says he awoke to the sound of breaking glass and found the man walking through the living room and hallway screaming for help. Solorio says the intruder had a video game console in his hands but claimed he jumped through the window to get away from people who were chasing him." 

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