September 26, 2022

Accounting News Roundup: KPMG’s News Head of VC Tax; Twitter CFO’s Misfire; Casey’s BooBoo | 11.25.14

KPMG names Chadwick national tax leader for venture capital [Reuters]
Chadwick. Francois Chadwick. "Chadwick has more than 20 years of experience in client servicing and is currently VC tax leader in the Bay Area business unit. He is a member of the management committee in KPMG's San Francisco office and has worked in the firm's offices in the U.K., France and Hong Kong."

Deloitte to probe BoE payments crash [FT]
Scooby Doo and the Gang must not have been available to solve this mystery: "The Bank of England has appointed Deloitte to investigate a major glitch that disrupted Britain’s payments system last month, causing delays for thousands of housing market transactions. A problem with part of the bank’s Real Time Gross Settlement system, which underpins about £575bn of payments every day between banks, left many home buyers and sellers unable to complete transactions on October 20."

GOP Lawmakers Tell SEC To Delay Pay Rule [WSJ]
Another day of delay at the SEC: "
A trio of key Republican lawmakers are urging the Securities and Exchange Commission to drop its plans to soon require companies to disclose the pay gap between chief executives and their employees, warning it would be unduly costly and detract from more important SEC priorities. House Financial Services Committee Chairman Jeb Hensarling (R., Tex.), joined by Reps. Scott Garrett (R, N.J.) and Bill Huizenga (R., Mich.), said the SEC should instead focus on rules aimed at addressing the roots of the financial crisis as well as uncompleted provisions the 2012 Jumpstart Our Business Startups Act." 

Twitter’s C.F.O. Suffers a Social Media Faux Pas [DealBook]
Oops: "On Monday, Anthony Noto, the company’s chief financial officer, appeared to accidentally disclose some confidential corporate strategy plans on Twitter itself. Per Kevin Roose, a senior editor at the cable channel Fusion (and a former DealBook colleague): 'I still think we should buy them. He is on your schedule for Dec. 15 or 16 — we will need to sell him. I have a plan."

Casey's to revise financials on accounting error [MW]
The company found the error themselves: "Casey's General Stores Inc. said it would revise its financial statements dating back to 2012 and pay about $31.5 million in taxes to settle an accounting error tied to an ethanol excise tax." 

Clouds Gathering Over Global Economy, Survey Warns [CFO]
A "cloud" post that's not about SaaS? This editor screw up big time.

Welp, A Lego Strip Club Is A Thing That Exists [HP]
Hilariously SFW.

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