It's more or less understood by everyone, with a few exceptions, that pursuing mandatory auditor […]
Author: Caleb Newquist
Founding editor, Going Concern.
Study: Competing Forensic Accounting Bodies Pretty Much Hate Each Other; Regulation Needed
The continued prevalence of fraudulent activity in business will undoubtedly lead many of you to […]
Uncategorized
Accounting News Roundup: KPMG Chair’s Defense of Auditors; Is Boehner Blinking?; CPA Makes Change | 12.17.12
Top Auditor Defends the Industry [WSJ]Michael Andrew, global chairman of accounting giant KPMG, is a […]
Reports: Brother of Suspected Newtown Shooter Is Ernst & Young Employee
Earlier today, Ryan Lanza was misidentified as the Sandy Hook Elementary school shooter. It has […]
Footnotes: “Casual Readers” of Financial Statements Want Things a Little Breezier and Other Stuff We Don’t Understand | 12.14.12
HP Former CEO Says Board Shares Blame for Autonomy Deal [Bloomberg] FASB, CAQ Find Support […]
What Would You Say if Someone Told You That a Trustee of the Financial Accounting Foundation Was on the Audit Committee of Morgan Keegan During a Huge Accounting Scandal?
Maybe, "Oh, that's fascinating." Perhaps, "Can't say that I'm surprised." Or, probably more likely, "Will […]
It’s Completely Plausible the NASBA Offices Are Closed for the Afternoon so Employees May Reminisce About All the Crap They Heard from CPA Candidates Over the Past Year
It's one theory! This time of year certainly lends itself to organizations allowing their employees […]
Accounting News Roundup: Nike’s Sweetheart Deal; The Terminator’s Taxes; An Evolving 1040; | 12.14.12
Debate Grows in GOP Over Tax Stance [WSJ][S]ome Senate Republicans have been talking about an […]
Footnotes: Lehman Leftovers; Small Business Freak-outs; EGCs Skipping Accounting Exemptions | 12.13.12
Lehman Troubles Not Over For Ernst & Young [Forbes] Not All Companies Would Welcome a […]
KPMG’s Audit Business Is Back on Life Support
Last night we finally learned KPMG's revenue results for FY 2012 and they were…UGH. Leave […]
Phishy Emails Purporting to Be from the AICPA Are Still Ridiculously Unbelievable
Back in February, a number of CPAs received a laughably fake email message that stated […]
Accounting News Roundup: KPMG Stuck at Four; Warren Buffett Has It Both Ways; Audit Rotation Down Under? | 12.13.12
KPMG FY 2012 Revenue Up 4.4% to Record $23 Billion [WSJ, Earlier]In the year ended […]