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November 28, 2022

Accounting News Roundup: Talk About Culture Some More; Deloitte Fights Back; KPMG’s Latest Money-Making Plan | 10.01.14

SEC Charges Two with Insider Trading on Pershing Square’s Announcement on Herbalife [SEC]
The SEC’s orders find that Filip Szymik of New York City and Jordan Peixoto of Toronto engaged in insider trading in Herbalife securities in advance of hedge fund manager William Ackman’s December 20, 2012 announcement of the views of his hedge fund, Pershing Square Management, L.P.

Blah, blah, blah [Twitter]

ECB Cuts Rates, Announces Stimulus to Combat Low Inflation [WSJ]
A reasonable idiot might think low inflation is a good thing.

British financial watchdog to investigate Tesco accounting scandal [Reuters]
Tesco's trouble continues: "Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped 4 billion pounds from the troubled grocer's stock market value."

FASB Accounting Simplification Projects See Early Support [CFO Journal]
The board received 17 supporting comment letters for simplifying inventory measurements, and another 26 supported the board’s effort to remove extraordinary items from the Generally Accepted Accounting Principles. There were two opposing comment letters.

Deloitte launches £14m FRC appeal [economia]
Not our problem, brah: “Deloitte are accountants and not detectives – it is difficult to see where this misconduct could have gone on.”

KPMG awarded multi-disciplinary licence [Accountancy Age]
They're lawyers now. Cool!

PricewaterhouseCoopers to create 807 new jobs in Northern Ireland [BBC]
That seems to be an exact number, dunnit?

Startups Offer "Pre-cations" to Pre-emptively Burned Out Employees [Valleywag]
Because the job sucks.

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