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.”