Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: KPMG’s Female Partners; Andersen Makes a Comeback (Sort Of); Another Case of PwC’s Squishy Indpendence | 09.02.14

KPMG boosts ranks of female partners [FT]
52 new partners, 29 promotions and 23 hires, in the UK.

Tax Firm to Revive Arthur Andersen Name [WSJ]
Wealth & Tax Advisory Services (aka WTAS) has purchased the rights to the Andersen name: "Former Andersen employees 'have been going around with a scarlet letter "A," ' says Mark Vorsatz, the former Andersen partner leading the charge. 'We're going to make that A stand for Andersen.' "

Auditor Independence: Another Case of Misplaced Loyalty [Re:TheAuditors]
Francine McKenna writes about an unlicensed senior associate who testified on behalf of PwC in Kress v. PricewaterhouseCoopers: "Ryan Adams, describes as what is expected of PwC audit associates, too. Adams describes similar “attention to clients” in a voluntary declaration in 2012 in support of PwC and in opposition to class certification in the class action overtime lawsuit Kress v. PricewaterhouseCoopers. […] Ryan Adams now works as a financial reporting executive for a PwC audited Nasdaq-listed public company, Marin Software. […] Adams’ participation in this class action lawsuit, in support of PwC’s defense against it, presents a serious auditor independence violation, for his company and for PwC."

PwC giving away stuff at Ohio State today.

New York Set to Accuse Evans Bank of Redlining [DealBook]
That is, preventing minority neighborhoods from obtaining for mortgages. Eric Schneiderman is on it: "The investigation was expected to reach its first target as early as Tuesday, the people said, with Mr. Schneiderman’s office taking aim at Evans Bank, a regional lender whose business in the Buffalo area dates to 1920, accusing it of denying mortgages to African-Americans regardless of their credit. The case, expected to accuse Evans Bank of violating the Fair Housing Act — a federal law intended to ensure equal access to credit — is a harbinger of other lawsuits that could be brought against some of the nation’s largest banks, several people briefed on the investigations said."

Parents Allegedly Planted Drugs in Rival PTA Member's Car [Gawker]
Far more interesting than your kids' school.

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.

Comments are closed.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]