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September 29, 2023

ANR: More Chinese Auditor Resignations Coming?; Four More Years for PwC UK Chairman; Ex-CIMA President Sneers at CGMA | 03.16.12

Deloitte's Boshiwa exit a precursor to more China auditor resignations [Reuters]
Deloitte's resignation as auditor of a Hong Kong-listed childrenswear company this week could be the first in a run of accountant departures from Chinese companies in the coming weeks as the audit season draws to an end. Last year's spate of accounting scandals at U.S.-listed Chinese companies has made auditors more alert to the risk of financial irregularities and the consequences for them if they're found to be negligent. It's during the audit process, which usually finishes at the end of April, that problems come to the surface. 

Deloitte bags Boshiwa as fraud season opens [China Accounting Blog]
Paul Gillis: "[H]old on to your seat. I expect a few more of these in the next few weeks."

Deloitte offers taxation with representation [WBJ]
65 Greend Dots provided free tax preparation to those with less than $50,000 in annual income.

Ian Powell holds onto PwC role for another four years [Accountancy Age]
Powell said: "I am absolutely delighted to have been elected as chairman and senior partner for a second term. It has been a privilege to lead PwC since 2008 and I am really looking forward to the next four years.

CGMA: Much ado about? [Accountancy Age]
A former CIMA president is not impressed.
Ex-Fiesta Bowl exec pleads guilty to conspiracy [AP]
The former chief operating officer of the Fiesta Bowl pleaded guilty Thursday to a felony federal conspiracy charge for her role in a fraudulent campaign-contribution scheme. Natalie Wisneski entered the plea Thursday in U.S. District Court in Phoenix and could face up to a year in prison when she's sentenced on June 16. She also could receive probation. Prosecutors agreed to dismiss eight other felony counts as part of the agreement. Wisneski must cooperate with federal prosecutors and the Internal Revenue Service in continuing investigations into the bowl scandal.
LinkedIn Launches Accounting Group [AT]
You know, Facebook for the biz cas crowd.
New study explains why some drinkers black out [MSNBC]
The differences between the two "party types" are visible in their brains, with those prone to blackouts showing different responses in brain areas involved in memory and attention processes after ingesting just a slight amount of alcohol, compared with people who don't blackout. "It could be that their brains are just wired differently. Or it could be underlying things going on, like differences in dopamine levels," study researcher Reagan Wetherill, Ph.D., at the University of Pennsylvania, told LiveScience. "Some people are made differently and are able to handle things such as alcohol and others just aren't."

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