ANR: Goodwill Impairment Test Gets Makeover; Social Media Is a Big Pee Party; Ex-Marvell Accountant Charged with Insider Trading | 08.11.11

FASB Simplifies Goodwill Impairment Test [CFOJ]
Bowing to complaints from private companies, the Financial Accounting Standards Board is changing how companies perform their goodwill impairment tests. The changes to the standard, approved Wednesday, will allow companies to do a preliminary assessment based on qualitative factors to determine whether they even need to perform a goodwill impairment test.

Auditor to IRS: Speed it up [The Hill]
Because people are starting to notice this bureaucracy thing.

Tech Blogger Won’t Be Charged in Apple iPhone Case [WSJ]
San Mateo County Assistant District Attorney Morley Pitt said charges were not filed against Gizmodo.com’s Jason Chen or other employees, citing California’s shield law that protects the confidentiality of journalists’ sources. “The difficulty we faced is that Mr. Chen and Gizmodo were primarily, in their view, engaged in a journalistic endeavor to conduct an investigation into the phone and type of phone it was and they were protected by the shield law,” said Mr. Pitt. “We concluded it is a very gray area, they do have a potential claim and this was not the case with which we were going to push the envelope.”

I need to pee [AccMan]
Now I’m just peed I didn’t think of it first.

Behind the Numbers: Critical Financial Analysis in Litigation [Fraud Files Blog]
Tracy Coenen tells you how.

Why did Green Mountain Coffee Roasters miss red flags? [WCF]
Probably because they don’t read Sam Antar’s blog.

Ex-Marvell accountant arrested for insider trading [Reuters]
Former Marvell Technology Group Ltd […] accountant Stanley Ng was arrested on Wednesday as part of the government’s probe into insider trading, an FBI spokesman said. Ng, 42, was charged with conspiracy to commit securities fraud by federal prosecutors in Manhattan, according to a complaint unsealed on Wednesday.

Poll: Americans skeptical Washington can fix economy [The Hill]
Meanwhile, just 1 in 5 thinks Washington is “focused on the right things,” half as many as backed that statement in October 2010.

FASB Simplifies Goodwill Impairment Test [CFOJ]
Bowing to complaints from private companies, the Financial Accounting Standards Board is changing how companies perform their goodwill impairment tests. The changes to the standard, approved Wednesday, will allow companies to do a preliminary assessment based on qualitative factors to determine whether they even need to perform a goodwill impairment test.

Auditor to IRS: Speed it up [The Hill]
Because people are starting to notice this bureaucracy thing.

Tech Blogger Won’t Be Charged in Apple iPhone Case [WSJ]
San Mateo County Assistant District Attorney Morley Pitt said charges were not filed against Gizmodo.com’s Jason Chen or other employees, citing California’s shield law that protects the confidentiality of journalists’ sources. “The difficulty we faced is that Mr. Chen and Gizmodo were primarily, in their view, engaged in a journalistic endeavor to conduct an investigation into the phone and type of phone it was and they were protected by the shield law,” said Mr. Pitt. “We concluded it is a very gray area, they do have a potential claim and this was not the case with which we were going to push the envelope.”

I need to pee [AccMan]
Now I’m just peed I didn’t think of it first.

Behind the Numbers: Critical Financial Analysis in Litigation [Fraud Files Blog]
Tracy Coenen tells you how.

Why did Green Mountain Coffee Roasters miss red flags? [WCF]
Probably because they don’t read Sam Antar’s blog.

Ex-Marvell accountant arrested for insider trading [Reuters]
Former Marvell Technology Group Ltd […] accountant Stanley Ng was arrested on Wednesday as part of the government’s probe into insider trading, an FBI spokesman said. Ng, 42, was charged with conspiracy to commit securities fraud by federal prosecutors in Manhattan, according to a complaint unsealed on Wednesday.

Poll: Americans skeptical Washington can fix economy [The Hill]
Meanwhile, just 1 in 5 thinks Washington is “focused on the right things,” half as many as backed that statement in October 2010.

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