Accounting News Roundup: PwC Nabs HSBC Audit; AICPA Offers Suggestions; Accounting Firm Sued…for Libel? | 03.18.15

Posted on by Caleb Newquist

HSBC confirms PwC will take over as auditor from March 31 [Reuters]
May God have mercy on this audit team.

AICPA Sends Tax Proposals to Congress [AT]
34 of them, to be precise.

Audit shows 74-year-old woman who served as accountant for orthodontist stole more than $680K [Fox6]
Joyce Sakach allegedly wrote 340 fraudulent checks payable to a fake company she created.

Meet the ORIGINAL fashion blogger, a flamboyant 16th century accountant [DM]
German-born Matthaeus Schwarz painted 137 watercolor portraits over 40 years.
 
Dallemand files suit against Macon accounting firm [Macon.com]
An accounting firm being sued is not unusual; an accounting firm being sued for libel and slander because of their audit presentation is, on the other hand, pretty unusual.
 
Writing Assessment for EY Leadership Program? [r/accounting]
Accountants are skerd of werds!
 
Meth Labs in Walmart: Not That Unusual [Slate]
In addition to last week's bust in Indiana, mini meth labs in Walmarts have been reported in Oklahoma, Tennessee, Michigan, Missouri and Texas. 

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Accounting News Roundup: Looming Estate Tax Has Some Weighing Their Options; BDO to Question Forensic Accountant in Bankest Retrial; Continuing Troubles at Overstock | 11.01.10

US rep.: Estate tax rise has some planning death [AP]
U.S. Rep. Cynthia Lummis says some of her Wyoming constituents are so worried about the reinstatement of federal estate taxes that they plan to discontinue dialysis and other life-extending medical treatments so they can die before Dec. 31.

Did Obama Really Cut Small-Business Taxes 16 Times? [You’re the Boss/NYT]
A little fact checking of the President’s tax cut rhetoric.

BDO to question Freeman about fraud in E.S. Bankest retrf=”http://www.bizjournals.com/southflorida/print-edition/2010/10/29/bdo-to-question-freeman-about-fraud-in.html”>SFBJ]
Former court-appointed receiver and convicted fraudster Lewis B. Freeman can be questioned under oath about how his crimes may have influenced his testimony in a 2007 court case against Miami-based accounting firm BDO Seidman.

First congressional face-off of new year could be over tax cuts [On the Money/The Hill]
A day before the midterm elections and two weeks before lawmakers return to Washington for a lame-duck session, two leading theories have emerged on what will happen on tax cuts — either all of them will be extended for at least a year, or nothing will happen.

Finance hiring heads into the black for first time since 2009 [SJBJ]
The increase in demand for accounting jobs could be a sign that the job market there may be improving.

Bosses Overestimate Their Managing Skills [WSJ]
A new survey of 1,100 front-line managers suggests many are over-estimating their skills, with surprisingly little self-doubt. Seventy-two percent said they never questioned their ability to lead others in their first year as a manager.


More Trouble for Overstock.com and Patrick Byrne after Dismal Third Quarter Report [White Collar Fraud]
Not to mention a lawsuit related to the bankruptcy related to Petters Company, Inc.

‘Alcohol most dangerous drug to society’ – Prof Nutt [BBC]
FYI