Please ensure Javascript is enabled for purposes of website accessibility

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.
 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]