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Audit Committees Might Get More Homework

Posted on June 8, 2015 by Caleb Newquist

Chief Accountant James Schnurr let it slip that the Commission is preparing a concept release that will, "[seek] formal feedback from investors about whether they are getting enough information from audit committees." Former Deloitte CEO Jim Quigley, may be one of the few audit committee members who are saying, "BRING IT ON." [CFOJ]

Posted in NewsTagged Audit Committees, James Schnurr, SEC

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Tiny Rhode Island Town Settles Its Billing Beef With Marcum Over Out of Scope Services

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The little 7,997 person town of Charlestown, RI has settled its issues with Marcum after […]

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Items Up for Bid at the IRS’s Young Buck Auction: ‘Marijuana Leaf Picture,’ Royal Copenhagen White Bear Figures, Three-foot Santa Claus

  • Caleb Newquist
  • October 15, 2010
[caption id="attachment_19427" align="alignright" width="150" caption="Could be yours"][/caption]

Plus the Scarface poster, natch. The good news is that lots of this stuff is probably affordable. Not like some auctions.

From the Tennessean:

• Several gold and platinum records for his own work and collaborations with 50 Cent – Yawn.

• Several pieces of fine art – Fine art according to whom? The IRS or the reporter? OR Young Buck?


• Multiple LCD and plasma televisions – Shock.

• Designer watches and an assortment of faux-fur coats – Again, floored.

• Pictures of Al Pacino and rapper Tupac – Lover of legends, obviously

• A “marijuana leaf picture” – Bid increments are 25¢.

• Three Royal Copenhagen white bear figurines – These? Really, Young Buck?

• A 3-foot white and silver Santa Claus decoration – Never too early to start the Christmas shopping!

IRS to auction off rapper Young Buck’s property on Oct. 28 [Tennessean]

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Even a State Board of CPAs Isn’t Immune From Weak Internal Controls

  • Caleb Newquist
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Anyone hoping for a heavy dose of irony to start their week is going to […]

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