Should companies eliminate audits? [Fortune]
There's mounting evidence that audits provide little value.
One in 20 registered audit firms quit the market in last year [Accountancy Age]
Or 4.9% to be precise. That's up from 3.8% in 2013.
High Tech, Fantasy Accounting [NYT]
FLASH: tech companies exclude costs from their custom reporting metrics, including stock-based compensation, acquisitions and restructuring.
BPM names new CEO to lead accounting firm [SFBT]
James Wallace left his position as COO of Saginaw, MI-basedRehmann, to be CEO of San Francisco-based Burr Pilger Mayer.
KPMG acquires Boxwood [economia]
The firm's "ambitious exapnsion plan will require more 'inorganic growth' over the coming months."
— Alissa Repanshek (@arepanshek) June 19, 2015
Heinz Very, Very Sorry for Link to German Porn Site on Ketchup Bottle [Gawker]
The site in question, Fundorado, didn't waste the opportunity, posting a banner that read: "JA, DAS ORIGINAL VON DER KETCHUP FLASCHE!”