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Accounting News Roundup: SEC Probes Diageo; EY Gives Up a Fight in China; 50 Cent’s Accountant Isn’t Sure | 07.24.15

SEC Investigating Smirnoff Maker Diageo [WSJ]
Diageo has been shipping excess inventory to customers in order to boost sales, according to, "people familiar with the inquiry."

Blackstone C.F.O. Is Said to Be Headed to Airbnb [DealBook]
Hiring Laurence Tosi looks a precursor to an IPO.

EY gives up appeal over state secret ruling [SCMP]
EY will hand over audit workpapers for a Mainland company to the Hong Kong's Securities and Futures Commission after battling the request since 2009.

50 Cent’s accountant has no idea how much money he has [NYP]
Mai Pho puts it around $4.4 million, give or take a few bucks. Although, Forbes crunched some numbers and came up with $155 million.

Grant Thornton launches Latin America Business Group [GT]
The "LABG" is a joint initiative between the U.S. and several Latin American firms, "will offer clients seamless, integrated global support for complex business activities."

CFOs Less Social, Prefer E-mail [CFOJ]
Robert Half surveyed 2,200 CFOs and only 18% of them, "said they like to use online social networks to keep in touch with professional colleagues." That's down from 45% in 2012.  

Watch a Bunch of Umbrellas Bounce Down a Maryland Beach Ahead of a Storm [The Vane.Gawker]

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