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Accounting News Roundup: ParenteBeard’s New Combination; Death to Ethanol Credits?; Pepsi Challenge at bin Laden Hideout | 05.04.11

SABMiller Names New CFO [WSJ]
SABMiller PLC, the global brewer of flagship brands Grolsch, Peroni Nastro Azzuro and Miller Lite, said Wednesday its chief financial officer, Malcolm Wyman, is to retire by the end of August after 25 years at the company. Mr. Wyman, 64 years old, who will also stand down from the board at the group’s forthcoming annual shareholders meeting on July 21, will be succeeded by James Wilson, finance director for SABMiller’s Europe division, it added in a statement.

PwC reported to accounting regulator after taking out criticism of client from report [Telegraph]
[C]oncerns relate to an independent report that PwC was hired to write for Magellan Aerospace Corporation, a Canadian aircraft parts company. PwC’s brief was to look into a whistleblower’s claims that Magellan’s order book had been inflated. However, criticism of Magellan’s “poor” accounting was left out of PwC’s final version – at the request of the client’s audit committee.

ParenteBeard LLC Announces Combination With McCrory & McDowell, LLC [ParenteBeard]
“McCrory & McDowell has a reputation for excellence and an entrepreneurial spirit that is consistent with the values and principles of our firm,” said Bob Ciaruffoli, ParenteBeard Chief Executive Officer. “This combination capitalizes on the strengths of both firms to create a unique, significant CPA and consulting services firm in the Pittsburgh region, which will benefit our clients, our team members and the larger business community.”

Two Out Of Three Looking To Switch Jobs, Says New Survey [Forbes]
Deloitte predicting a nationwide exodus.

Senators Introduce Bill to Repeal Ethanol Tax Credit [AT]
Senators Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif., introduced the Ethanol Subsidy and Tariff Repeal Act, which would eliminate the VEETC and also fully repeal the import tariff on foreign ethanol. Cosponsors include Senators Ben Cardin, D-Md., Richard Burr, R-N.C., Jim Webb, D-Va., Susan Collins, R-Maine, and James Risch, R-Idaho.

Dunkin Brands Files for IPO [WSJ]
Now you can do more than run on it.

Bin Laden Aides Are Said to Have Bought Bulk Orders of Pepsi, Coke [Bloomberg]
The two polite Pakistanis who helped Osama bin Laden hide in the shadow of their country’s army bought bulk food orders, chose major brands and equally favored Pepsi and Coke, neighbors and a local shopkeeper said.

How to Criticize Your Boss — Nicely [WSJ]
How do you the let the boss know that (s)he uses cliched catch phrases way too much?

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