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December 3, 2022

Accounting News Roundup: Revenue Recognition Delay; The First 30 Days at a new Job; Jacksonville Stumbles Upon Some Accounting Errors | 04.30.15

U.S. Rule Makers Propose Year Delay on Revenue Recognition Overhaul [CFOJ]
The FASB and IASB were taking heat from the likes of Apple who said a start date in 2017 wouldn't allow for enough time to adjust to new rules.    

10 Ways to Make the Most of Your First Month at a New Job [FC]
Those first 30 days can be weird, so there are things you can do like finding someone who will answer all your embarrassing questions.

Washington County tax preparer gets prison sentence [PPG]
Larry Snow refused to follow an order to stop preparing tax returns. That didn't go over so well with Senior U.S. District Judge Maurice Cohill: "He still didn’t stop, according to the IRS and the U.S. Attorney’s office, which asked that the judge revoke his probation and send him to jail. A clearly irked Judge Cohill obliged Wednesday and imposed a sentence of nine months in federal prison for what he said was Snow’s 'blatant disregard' of his orders."  

$500 million found in city of Jacksonville 'accounting errors' [News4Jax]
Over 15 years: "The errors ranged from transposed numbers to incorrect decimal places to double-booking of budget items."

EY pays more than Big Four rivals [Economia]
In the UK anyway, and only after 15 years of trailing the other 3.

Woman embezzled £726,000 charity cash [BBC]
More news from the UK, this time Scotland, where a Grant Thornton assistant manager, Susan McMahon, embezzled the money over 7 years from charities she administered.

Anonymous Activist Gets Potholes Fixed By Drawing Giant Penises Around Them [FCD]
The artist goes by Wanksy, of course.

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