Please ensure Javascript is enabled for purposes of website accessibility
September 30, 2023

Accounting News Roundup: Fake Filings; Davidson Estate Sues Deloitte; IRS Agent Bribes Pot Shop (Allegedly!) | 09.25.15

Our editor is off today, so talk amongst yourselves about very bad auditing, creepy tracking devices or post a question in Open Items. Don't forget to follow Going Concern on Twitter, Facebook and Pinterest, too!

Kraft Heinz, Phillips 66 Targeted by Fake Securities Filings [WSJ]

Ex-Madoff Accountant Disbarred For Fraud Conviction [Law360]

Volkswagen to Name Porsche’s Matthias Müller as New CEO [WSJ]

The Potential Criminal Consequences for Volkswagen [DealBook]

Estate of ex-Pistons owner Bill Davidson sues Deloitte for $500 million [Crain's]

How to See This Weekend’s ‘Super Blood Moon’ [Discover]

If money is still on your mind, all of our comp threads are still open for discussion. [GC]

PwC Can’t Dump Fraud Claims In LA’s Massive Billing Suit [Law360]

Seattle IRS agent charged with bribing pot-shop owner [ST via Joe Kristan]

Individuals being audited potentially learn how to exploit the weaknesses inherent in any audit methodology if they face the same method many times. Hence, an auditor better deters fraud by randomizing her choice of methodology over time, thereby frustrating a would-be fraudster’s ability to learn. In the extreme, an auditor benefits from refusing to audit even though audits are costless to her. [SSRN via Matt Levine]

Professional stone skipper makes it all the way across lake [UPI]

Image: Screenshot/YouTube

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

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 […]

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together, it isn’t the first […]