September 29, 2022

Accounting News Roundup: PCAOB Rolls Out Partner Naming Proposal; Mid-Career Crises; Jeb’s Tax Returns | 07.01.15

Accounting Regulator Proposes Plan for Naming Audit Partner [WSJ, Earlier]
PCAOB Chair James Doty made the announcement yesterday: "Mr. Doty proposed the new form, to be known as Form AP, which firms would have to file with the PCAOB within 30 days after the audit opinion is filed. The firms have said a new form wouldn’t create the same concerns and complications as putting the name in the audit opinion, because it wouldn’t be in a Securities and Exchange Commission filing, and thus it wouldn’t fall under certain requirements in the securities laws." 

Bosses Reclassify Workers to Cut Costs [WSJ]
Effectively making them small business owners: "All this is happening against the backdrop of a broader shifting of risk from employers to workers, who shoulder an increasing share of responsibility for everything from health-insurance premiums to retirement income to job security." 

Simi Valley accountant, ex-Angels CFO, gets 20 years for international child porn [LADN]
Ick. Ronald Shirley, a CPA and former CFO of the California Angels, is a pervert, dude: "[Shirley] has been sentenced to 20 years in federal prison after pleading guilty to child pornography charges and admitting he used social media to solicit girls in the Philippines and Vietnam to send him sexually explicit photographs of themselves, the U.S. Department of Justice announced."

Why So Many of Us Experience a Midlife Crisis [HBR]
There's good news and there's bad news: "Mid-career crises are, in fact, a widespread regularity, rather than the misfortune of a few individuals. But here’s the good news: In the second half of people’s working lives, job satisfaction increases again, in many cases reaching even higher levels than earlier in the career — essentially forming a U-shaped curve."

Jeb Bush Made $29 Million After Leaving Office, Tax Returns Show [Bloomberg]
More than you ever wanted to know about Jeb's 33 years of tax returns. Including a Lehman Brothers trade that didn't go so well: "Bush bought $77,000 in Lehman Brothers stock in July 2008. The firm filed for bankruptcy in September 2008 and Bush sold the shares for $54 on Dec. 26, 2008."

Which Twitter Brand Cares About Gay Marriage the Most? [Gawker]
This is quite a horse race.
 

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