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December 6, 2022

Accounting News Roundup: How Long Will the Big 4 Acquisition Spree Last? | 08.03.15

E&Y Japan arm launches internal probe of Toshiba audit [Reuters]
Twenty EY ShinNihon executives will "investigate whether there were any problems with how it conducted its audits of Toshiba."  

Dole and Other Companies Sour on Delaware as Corporate Haven [WSJ]
Lots of companies incorporate in Delaware, but now they complain that it's not as friendly to business as it should be: "Dole is one of several companies that say the state has become less hospitable toward business. Among their gripes: a growing tide of shareholder litigation, which some feel the state hasn’t done enough to curb. One new measure bars companies from shifting their legal fees to shareholders who sue and lose—a boon to would-be plaintiffs."

Onetime Allies on Wall Street Have Uneasy Prison Reunion After Insider Trading Trials [NYT]
Raj Rajaratnam and Rajat Gupta are serving time at the same prison and it doesn't sound all that fun.

In 2016 Election, Candidate's Tax Returns Simply Don't Matter [Forbes/Tony Nitti]
Our pal Tony Nitti asks an important question: "When your leading candidates go by the names Clinton and Bush, how can financial disclosures matter? How can you be expected to differentiate between two people who share Thanksgiving dinner with a combined three former Presidents?"

How long can Deloitte, KPMG, PwC, Ernst&Young keep buying other businesses? [AFR]
The one-stop-shop strategy show no sign of…er…stopping: "Deloitte acquired brand and spatial design agency MashUp over the weekend, while KPMG has inked a deal with well-known human rights campaigner Richard Boele to buy his social impact consultancy, Banarra. Banarra is KPMG's eighth acquisition in 18 months. Deloitte has stitched up at least as many purchases in that timeframe, while Ernst&Young has bolted on seven."

FASB update aims to simplify employee benefit plan accounting [JofA]
ASU Topics 960, 962 and 965 (Parts I, II and II) if you're scoring at home.

There’s a hidden fee inside Windows 10 [Fortune]
Ad-free solitaire will cost you $9.99 a year.

Image: Raysonho/Wikimedia Commons

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