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November 28, 2022

Accounting News Roundup: Vanguard’s Taxes; Dewey Jurors’ Questions; PwC Breaks Up Band | 09.23.15

Whistleblower's expert says Vanguard owes billions in back taxes [PI]
Michigan law professor Reuven S. Avi-Yonah says the mutual behemoth could owe $34.6 billion in back taxes from 2007 to 2014.

Dewey Jurors Seek Clarity on 'False' Accounting Moves [NYLJ]
This is what happens when you ask a jury to discuss accounting evidence: "Jurors, who have been deliberating since last Wednesday, asked [Judge Robert] Stolz whether 'false' in reference to adjustments in accounting means illegal and whether 'inappropriate,' in reference to adjustments, in accounting mean illegal. After prosecutors and defense attorneys argued over the language, Stolz brought the jury back into the courtroom and said the short answer to both questions is 'no.' "

Celeb finance firm accused of racist digs toward client Rihanna [NYP]
Rihanna could use really use some decent, honest numbers people in her life:

Flynn Family Office partner Alan Kufeld regularly made obscene comments and once described his hopes that a new intern had a body like her mom, who he said “is banging the drummer from [heavy metal band] Skid Row,” according to the Manhattan federal court lawsuit.

Kufeld, 47, also talked with FFO founder and CEO Rick Flynn about how sexy various former assistants had been, noting that one assistant “lost points in his eyes because she was too dark,” the suit states.

You know what this means. Slasher sequel!

City old-boys rock band split had nothing do to with PwC says bassist [CityAM]
This is the strangest accounting-related story out of the UK that I've read in awhile, and that's saying something:

Former City rock star and PwC advisor Andrew Sentance has denied claims that the accountancy giant came between him and his work with group Rock In The City.

Sentance split from Rock In The City, a group of senior financiers singing all about the daily lives of the Square Mile’s economists, earlier this month.

Yes, it gets better:

The Capitalist understands that record sales may not be on par with the Beatles, but musician and MBA tutor Peter Cook claims that the PwC adviser’s work commitments may have played Yoko Ono to their quintet.

Cook, who described a track Sentance himself had written on their new EP as taking inspiration from rock artist Neil Young, claimed that his return to the City after the summer holidays made separating results from recording time hard: “I think PwC were putting on the pressure; trying to get him to stop writing rock music and get back to work.”

Deutsche Bank had a forum on women in business and called it “Men Matter” [Quartz]
Germans!

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