Please ensure Javascript is enabled for purposes of website accessibility
November 26, 2022

Accounting News Roundup: Toshiba Widens Probe; EY Nabs Royal Dutch Shell Audit; An Accounting Firm Raid! | 05.22.15

Toshiba extends accounting probe to three more business units [Reuters]
The company is looking at its TV, computer and chip businesses now.

FASB proposes narrow simplification to business combination accounting [JofA]
This will "make it easier to account for adjustments made to provisional amounts recognized in a business combination."

EY wins Royal Dutch Shell audit [Economia]
ICYMI: EY! replaces PwC. The fee for last year's engagement was over $50 million. 

Accounting firm raided [LimaOhio]
It's fun to see a rare headline such as this one. Anyhoo, it sounds like Edelbrock-Reitz was up to no good. 

Yale Graduate Who Promoted CrossFit Ventures Is Arrested [DealBook]
Joshua Newman was raising money from investors but then not paying it back: "In December, for instance, Mr. Newman transferred a $55,000 payment from one investor to his personal checking account at Santander Bank, the complaint said. Authorities said that before the money transfer, Mr. Newman’s account had a balance of just 67 cents. The complaint also stated that Mr. Newman used that money to pay back an earlier investor he owed money to and to pay for restaurant bills, grocery store purchases and a gym membership." Also, at Yale he was a founding member of a group called "Porn 'n' Chicken," that supposedly got together on Friday nights to watch porn and eat fried chicken.

12 Great Moments in Grill History [WSJ]
Including the George Foreman.

Desk Plant? [r/accounting]
Anything low maitenance (i.e. doesn't need much sunlight, water).

Dem slams GOP with a ¯\_(ツ)_/¯ [The Hill]
This is what it's come to.

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

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]

a woman enjoying a coffee while she reads accounting news with her dog

Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Why is the Ontario Securities Commission examining Canadian audit firm ethics? Spurred by some critical comments, EY UK chair and managing partner Hywel Ball shares his opinion on the EY split: “Audit quality is going to be better.” KPMG and Deloitte alumni are doing some startup automation stuff. KPMG UAE is still working out some […]