Literally. Sorta. Oh god, I don't know. We all have headaches. What I mean is, […]
Author: Caleb Newquist
Founding editor, Going Concern.
Maybe We Should Just Let the Banks Write Their Own Loan Loss Accounting Rules
Banks really appreciate the effort to move away from the recognition of losses as they […]
Accounting News Roundup: Auditors Manage One Victory in HP/Autonomy Lawsuits; SEC’s Medium Pace; ‘I’ve never paid taxes in my life. I’m probably going to jail.’ | 03.18.13
Plus, a vote on auditor tendering, big corporate tax bills, and athletes lose against the IRS in varying degrees. Oh, and another possible solution to NYC’s rat problem. All the news that’s fit for a hungover Monday.
Footnotes: Settlements, Senate Subcommittees, and Snafus | 03.15.13
Utah agrees to pay $5.6 million to accountant running FLDS trust [SLT] SAC Settles Insider […]
One Ernst & Young Employee Doesn’t Think It’s Too Early To Get Excited About Four-day Weekends
From the mailbag: Got a voice from Kay Matthews, EY West Sub-Area Managing Partner [last […]
Chimera Seems to Have Enjoyed Firing Deloitte a Little More the Second Time Around
If you've read anything recent about Chimera Investment Corp., you're no doubt glad that you […]
Accounting News Roundup: Bank Accounting? Manipulative? Get Out; Happy Form 7004 Day!; Argo Tax Yourself | 03.15.13
Hidden Numbers Make Banks Even Bigger [NYT]FN: "Under American accounting rules, banks that trade a […]
Footnotes: Bad Internal Controls at JPMorgan; The New York Times Has Two CFOs; Blamestorming the College Tax Credit Snafu | 03.14.13
JPMorgan Faulted on Controls and Disclosure in Trading Loss [DealBook] U.S. to let spy agencies […]
IRS Won’t Be Sorry If You Never Get Around to Claiming Your Refund
The Internal Revenue Service says it has $917 million in unclaimed tax refunds from 2009, […]
ICYMI: Deloitte Pays the Wall Street Journal to Blog, or Something
Who knew?! I have to admit that I wasn't really paying attention, but then again, […]
Accounting News Roundup: SEC Didn’t Hit Books Hard Enough in Deloitte Case; China Seems to Enjoy Being Uncooperative; Rude and Crude IRS Agents | 03.14.13
US SEC stumbles in Deloitte's Chinese audit case [Reuters]U.S. securities regulators faltered at times in […]
Ernst & Young Will Probably Have Better Than Average Seats for Super Bowl XLVIII
Todd Christie, brother of Chris, is now a director in Ernst & Young's Northeast Practice […]