September 25, 2022

Accounting News Roundup: Get Old Guys Off Corporate Boards; Keep Those Receipts; Is Your Banker a Spy? | 02.02.15

Corporate Boards Shouldn't Be Retirement Homes [Bloomberg View]
"These are tough times in the U.S. for workers older than 50. Buffeted by the Great Recession and big technological changes, many have been thrown out of the workforce and are finding it hard to get back in. They are the “new unemployables,” Boston College researchers declared a couple of years ago. There’s at least one group of over-50 workers that’s doing awesome, though. Corporate board members! They just keep getting older."

Former Maryland Banker Reveals He Used to Work for CIA [WSJ]
In the early 1990s, Mr. Hale said, the CIA used agents posing as his employees to track Osama bin Laden’s whereabouts and gather information on the terrorist’s financing operations. “It was very cathartic” to finally reveal his ties to the CIA, the 68-year-old said in a recent interview at his home overlooking Chesapeake Bay. “To hold a secret like that for so long to yourself, it was difficult.”

Crundwell Court Filing Says She Wants To Keep Horse Trophies [WIFR]
Remember this lady? "Rita Crundwell's attorney says the imprisoned former Dixon comptroller wants to keep about 700 trophies she won during horse competitions."

Accountant faces prison for $800,000 theft [Napa Valley Register]
You may have read about this one in a college textbook: "Krzan was responsible for printing the company’s checks. The thefts came to light in July 2013 when Long discovered company check stubs on Krzan’s desk for a Citibank AAdvantage business card. The company had never authorized payments to a Citibank account, according to court testimony. To cover her tracks, Krzan allegedly created false vendor invoices, according to a court filing."

Receipts Rule IRS Keeps Quiet: They're Optional [Forbes]
Trollololol: Remember the IRS computer crashes and the hunt for those long destroyed lost emails of Lois Lerner? Rep. Steve Stockman of Texas introduced a bill he called the “The Dog Ate My Tax Receipts Act,” to allow us all to try out some excuses. Rep. Stockman said, “Taxpayers should be allowed to offer the same flimsy, obviously made-up excuses the Obama administration uses.”

Why Introverts Are The Best Networkers On Twitter [Fast Co]
Speaking to people in their faces can get awkward.

Fake cop arrested after pulling over an off-duty officer and then trying to flee [Daily Mail]

Fake cop arrested after pulling over an off-duty officer and then trying to flee [Daily Mail]

Fake cop arrested after pulling over an off-duty officer and then trying to flee [Daily Mail]
Oops, my bad, it's Groundhog Day…

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

Monday Morning Accounting News Brief: PCAOB Arrives in Hong Kong; EY Evaluates Culture; Good Luck Hiring, IRS | 9.19.22

The Wall Street Journal talks about why the IRS is not going to have an easy time recruiting in this market. A review of EY’s practices after a staff member’s suicide will look at “workplace culture, healthy work practices and psychological safety” and be conducted by an external expert. Teams of PCAOB inspectors arrived at […]

an orange cat with an alarm clock

Monday Morning Accounting News Brief: Dissecting the Talent Shortage; Big 4 Culture Kills; Are You Happy? | 9.12.22

A deal announced early this month by House Democrats for years of Donald Trump’s financial records allows his former accounting firm (Mazars) to interpret how to satisfy a congressional subpoena that was narrowed down by a federal appeals court in July, according to a settlement filed late Friday. The Denver Post wrote about the accountant […]