Here are Barack Obama and Joe Biden's 2012 tax returns. [THP] "Obamacare" Tax Increases Could Cost […]
Author: Caleb Newquist
Founding editor, Going Concern.
Public Company CFO Says Naming Audit Partner Is NBD
Andy Bishop is the chief financial officer of Hallador Energy, a publicly traded coal company. […]
Kaption Kontest Friday: Say Kheese!
Via the New York Times, ex-KPMG Partner Scott London (right) leaves court with his attorney, […]
In Light of Current Events, Ernst & Young Reminds All Personnel That Insider Trading Is a Big No-no
Have you or someone you know considered passing some non-public information to anyone who has […]
Accounting News Roundup: KPMG Is Going to Sue Scott London; Lawyer: He Will Plead Guilty; What About Tax Fraud? | 04.12.13
Statement From KPMG Chairman & CEO John Veihmeyer [KPMG]KPMG LLP Chairman and CEO John Veihmeyer […]
Footnotes: Obama’s Broken AMT Promise; SEC Still Chasing Deloitte Workpapers; Grant Thornton Gets Parmalat Case Tossed | 04.11.13
KPMG's Independence, Herbalife's Stock Price, and the Game of Name Blame [Re:Balance] Promises, Promises President Obama […]
(UPDATE) Complaint Says Scott London Admitted to Tipping Bryan Shaw About Five KPMG Clients
~ Update below includes details from the criminal complaint, including Springsteen tickets!
From the Journal:
Mr. London was charged with one count of conspiracy to commit securities fraud through insider trading, according to the criminal complaint. He faces up to five years in prison and a $250,000 fine. The complaint said the trades generated a profit of more than $1 million for his friend, Bryan Shaw. The complaint also says Mr. London tipped off Mr. Shaw about five KPMG clients, more than was previously known.
Blind Item: Which Firm Is So Committed to Work-Life Balance It Brought a Partner to Tears?
Taking a break from KPMGate/LondonFalling for sec — here's a blind item for your Thursday […]
Accounting News Roundup: Bryan The Jeweler; Scott London’s Handicap; The Masters Tax Break | 04.11.13
Trader Who Received Tips From KPMG Partner Issues Apology [Bloomberg]Bryan Shaw, a trader who said […]
Despite Entering a ‘War Zone’, the Next Auditor of Herbalife Should Find Solace in All the Fees They’ll Earn
Part of the reason this KPMG resignation is such a conundrum for both Herbalife and […]
Going Concern March Madness: Busy Season Survival Has a Champion (And Some of You May Need a Sponsor)
Bracket season came to close yesterday afternoon on Going Concern and your Busy Season Survival […]
Lessons From L’affaire Scott London: Don’t Talk About Your Clients While Quoting Caddyshack
I love Peter Henning's suggestion that ex-KPMG partner Scott London was swapping Caddyshack quotes with his golfing buddy. Everyone having few drinks after playing a round inevitably sees someone walk by with a hideous headpiece and says, "When you buy a hat like this I bet you get a free bowl of soup." I think it's a law in Florida that you have to recite that line.