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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 […]
Footnotes: Ditching the SALT Deduction; An Intelligible Grant Thornton Press Release; Another Early Dividend | 12.12.12
Time To Get Rid of the Deduction for State And Local Taxes [David Brunori] KPMG has […]
New York Won’t Be Getting Its Mitts on Ernst & Young’s Lehman Brothers Fees
Nice try, Schneiderman. The New York attorney general has no authority to claim $150 million […]
Center for Audit Quality Issues Latest Late-to-the-Party Statement
Just in case anyone missed the PCAOB Inspection Report on ICFR, the Center for Audit […]
ParenteBeard’s “Audit” of Santa Is as Reliable as Santa Himself
ParenteBeard, the 23rd largest CPA firm on the whole damn planet, issued the following press […]