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January 28, 2023

Accounting News Roundup: No Accounting? No Problem!; KPMG Turns 100 in Dallas; Plaxico Burress Could Use a Hand | 05.01.15

Who Cares That IPOs Lack Accounting Standards? Nobody, Really [Bloomberg]
This is a little bit frightening: "About 30 percent of companies that went public last year acknowledged they were at serious risk of incorrectly reporting their financial information, according to a study by New York law firm Proskauer Rose LLP. That’s up from 17 percent of issuers in 2013, the study shows."

Apple Warns European Commission Investigation Could Result in Back Tax Payments [WSJ]
And it could be a fair amount: "In its quarterly filing with the Securities and Exchange Commission Tuesday, Apple said it could be required to pay back taxes for up to 10 years if the European Commission rules against Ireland. 'While such amount could be material, as of March 28, 2015 the Company is unable to estimate the impact,' Apple wrote."

KPMG celebrates 100 years in Dallas on Friday [DMN]
Back then they were Marwick, Mitchell, Peat & Co. 

Ex-Steeler Plaxico Burress indicted on tax charges [AP]
When you bounce a payment after multiple notifications of your "willful failure to pay a state tax," the authorities take notice.

What you need to ask clients before setting a price [JofA]
If you're trying implement value pricing, you should read this.

Man hangs up on Pope twice thinking he is an imposter [Guardian]
On Frank's third try the man figured it wasn't a joke. 

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