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November 28, 2022

Accounting News Roundup: KPMG’s Good and Bad Luck of the Irish; Pot Tax Refunds; EY’s Acquires BPM Specialists | 03.17.14

John B. Veihmeyer Confirmed as Global Chairman of KPMG [KPMG]
The timing of the announcement seems appropriate for the Notre Dame grad: "KPMG International (KPMGI) announced today that John B. Veihmeyer's selection as Global Chairman was ratified by the firm's Global Council. Veihmeyer, who was the unanimous choice of KPMG International's Global Board on February 27, assumes the role effective immediately."

KPMG conduct as Nationwide’s auditor queried [Irish Times]
Again, seems like an appropirate story today: "
The Chartered Accountants Regulatory Board has been asked to formally investigate the conduct of KPMG as auditors of Irish Nationwide Building Society, whose collapse cost the State €5.4 billion."

David Locey murder: Andy Brown could face summer trial in Sturgis accountant's death [MLive]
CPA on CPA violence: "Prosecutors say Brown was in a business dispute with Locey at the time of the killing. Brown and Locey had an emotional meeting regarding embezzlement allegations against Brown the day before Locey was found dead."

Colorado residents may get a refund for pot tax [CNN]
In the event that you trust government estimates of any kind: "Budget advisers to the state legislature crunched the numbers and revealed the state could be forced to refund as much as $100 million to taxpayers. […] Colorado taxpayers shouldn't expect a refund check in the mail. The state has several other procedures to handle a refund. The state could provide taxpayers a credit on the next year's tax bill, for example, or reduce the sales tax."

BPM Specialists, Inc. joins Ernst & Young LLP, expanding its business process management capabilities [EY]
I'm sure this is part of the whole Vision 2020 thing. "
The transaction demonstrates EY's long-term strategy of continuing to grow its integrated business and technology service offerings to financial services organizations. Business process management services help clients streamline and improve business processes and manage their operational risk in order to improve overall efficiency, cost savings and their competitive advantage." 

Still Running Windows XP? Support Ends on April 8 [MACPA]
FYI, if you know any stragglers.

Three Windows Shortcuts Every Beginner Should Know [Lifehacker]
And pass this link along if any said stragglers need some help with their new OS.

Identity Thief Sentenced For Filing Tax Returns In The Names Of The Attorney General And Others [DOJ via Tax Update]
That's one way to get the government's attention.

Guinness Withdraws Sponsorship of St. Patrick’s Day Parade [NYT]
Happy St. Patrick's Day.

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