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Accounting News Roundup: Florida Inmates’ Tax Fraud Haul; Another Mobile Apps for Accountants List; Is Dennis Rodman a Bad Tax Boy? | 02.17.11

SEC, CFTC and IRS Make Case for Thousands of Hires in 2012 [FINS]
The documents submitted to Congress by the SEC, CFTC and IRS explain the ways in which they’ll use funds that were proposed in the Obama administration’s budget. Collectively, the agencies plan on increasing headcount by just over 6,200 in 2012 and their budgets by $1.5 billion to ensure investment firms are in compliance with new regulations, oversee the derivatives market and curtail tax evasion, among other things. The hiring plans are contingent upon Congress passing the budget.

Ex-Freddie Mac C.F.O. May Face Civil Charges [DealBook]
Anthony Piszel, known as Buddy, who was Freddie Mac’s chief financial officer from 2006 to 2008, received a so-called Wells notice from the Securities and Exchange Commission, an indication that the agency was considering an enforcement action against him.

State-by-State Ranking of Prisoner Tax Fraud [TaxProf Blog]
Florida ran away with it – $12.6 million, $9 million more than second-place Georgia.

Accounting firm could help D.C. schools find savings, new money sources [WaPo]
The city spends more than $1 billion a year on K-12 education – $750 million for 123 public schools and $400 million for 52 public charter schools – by far its biggest ticket item. Gray said in a brief interview that Deloitte, which will do the analysis on a pro bono basis, will look for “savings to be had and money to be found.”

Panamericano Accounting Loss Hits 4.3 Billion Reais [Bloomberg]
Banco Panamericano SA, the Brazilian lender under investigation for alleged fraud, said its loss from “significant accounting distortions” reached 4.3 billion reais ($2.6 billion), exceeding its initial 2.5 billion-real estimate.

Eleven cool mobile apps for running your practice [AW]
Dirty Birds isn’t one of them.

A radical thought about governance [IIA]
Some ‘What ifs’ from Norman Marks.

Dennis Rodman disputes latest tax woe [Tax Watchdog]
No reports of him kicking anyone over this.

‘Seinfeld’ actor Len Lesser dies at 88 [MSNBC]
You could have at least said “Hello!”

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