October 7, 2022

Accounting News Roundup: The Low-tech SEC; Grant Thornton’s New Marketing Chief; KPMG Selfie Interviews | 03.24.15

Why is the SEC still so low-tech? [CNBC]
A 2012 study found that less than 10% of investors had used the SEC's open data. Also: "In January, the House voted to exempt companies with annual revenues below $250 million from the SEC's open-data filing requirements. These firms would only have to file their financial statements as plain-text documents. Supporters of the bill say it will ratchet back unnecessary regulatory burdens on small businesses. But by setting the threshold at $250 million, this bill exempts 60 percent of public firms. Most can't be considered "small" by any stretch of the imagination. If enacted, the bill would further degrade the SEC's already-lagging disclosure system."

Madoff feeder fund settles; victims' recovery tops $10.6 billion [Reuters]
That's 60% of the total approximated losses of $17.5 bil.

Bluescope settles tax avoidance claim from $450m ANZ fraud case [AFR]
Anthony Dickson, an ex-EY principal, was sentenced to 11 years.

KPMG starts 'selfie' graduate interviews as big four accounting firms boost hiring [AFR]
This, supposedly, will help them reduce the number of potential candidates to a more managable number. 

John Harmeling joins Grant Thornton as chief marketing officer [GT]
Harmeling comes from AFLAC. Ed Novak is also GT's new sales chief.

Stephen King slams Maine governor over tax dis [CNN
Apparently this back and forth has been going on for a week: "King is a native of Maine. He was born in Portland and owns two homes in the state. He reportedly winters in Sarasota, Fla., which is what the governor [Paul LePage] was referring to." SK tweeted for an apology. He didn't get it

Watch Pope Francis Get a Pizza in a Moving Popemobile [Time]
This is just the best.

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