Please ensure Javascript is enabled for purposes of website accessibility
September 27, 2023

Accounting News Roundup: Public Company CFOs Like Public Companies; IRS, Tax Prep Overlords Team Up; Emotion in Emails | 06.12.15

Public Company Stints Continue to Attract CFOs [CFOJ]
One taste and they're hooked! "Returning to a public company is 'in the DNA' of many CFOs, and that’s why many of them look for the next opportunity, said Richard Cannellos,  CFO and senior client partner for Epsen Fuller Group, an executive search firm. Brokering a lucrative deal gives such CFOs an 'experience backbone' that many don’t have, he added."

IRS, Tax-Preparation Firms Join Forces to Combat Return Fraud [WSJ]
Should we feel better about this? "Participants in the effort include Intuit, H&R Block Inc., Jackson Hewitt Tax Service Inc., Liberty Tax Service and others. Intuit CEO Brad Smith praised the 'new era of active collaboration' between tax agencies and the industry."

Uber is logging 1 million daily rides in China—as many as the rest of the world, combined [Quartz]
And they're still looking for a CFO, FYI.

Dewey Defense Lawyers Drill Down On Cooperator [TAL]
Thomas Mullikin, the ex-Dewey controller, was cross-examined yesterday and it did not sound fun: "Andrew Frisch, showed jurors emails where Mullikin assured his superiors that financial statements he had prepared for the firm's auditor Ernst & Young or for bank lenders were in compliance with accounting standards—even though he knew otherwise. Frisch, who runs his own three-lawyer boutique, also projected a management representation letter to Ernst & Young, pointing to Mullikin's signature at the bottom. Mullikin admitted that he signed them first, which Frisch argued gave the three Dewey & LeBoeuf defendants, who co-signed later on, a comfort level that the financial information was truthful."

KPMG Can't Nix Fraud Suit Over Ex-Rangers Owner Audit [Law360 (Sub)]
Plaintiffs believe the firm "help[ed] private equity investor and former Texas Rangers owner Tom Hicks cheat lenders out of $525 million in debt."

Accounting Firms Armanino & RBZ to Merge [CPAPA]
The two California firms have combined revenues of $195 million. The deal closes August 1.

The Emotions You Might Accidentally Be Conveying in Your Emails [FC]
Typos and emoticons can say more than you intend.
Snoop Dogg wants to be Twitter's new CEO [CNet]
Because people tweet things.

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

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together, it isn’t the first […]