Please ensure Javascript is enabled for purposes of website accessibility

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.

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.

Comments are closed.

Related articles

cat on a desk

Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [GC] Benjamin […]

cat with breakfast in bed

Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Good morning and happy Monday! Here’s some stuff happening. Virginia Society of CPAs is tackling the question “is 150 too many?” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a […]