It was nearly two weeks ago when we learned that ex-KPMG partner had dabbled in insider trading of several KPMG clients, including two — Herbalife and Skechers — that were audit clients of London's. It set off quite a firestorm, however when the criminal complaint against London came out, we discovered that the manner in which he and his golf buddy/watch guy Bryan Shaw conducted this little conspiracy was not too sophisticated. Phone calls. Meetings in parking lots. Black paper bags filled with cash. The Boss. It's what you might expect from a couple of middle-aged bros who had plenty of laughs together at the 19th hole.
Category:
Judge: Deloitte Can Handle Two Chinese-related Court Cases Just Fine
Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the […]
Accounting News Roundup: Being a REIT Is So Hot Right Now; Scott London’s Time Away From Skechers; Say Hello to Grant Thornton Kyrgyzstan | 04.22.13
Restyled as Real Estate Trusts, Varied Businesses Avoid Taxes [NYT]The trust structure has been around […]
Footnotes: Boy Scouts Coming Around to Jim Turley’s Point of View; Read Bob Herz’s Book; Taxing Ice Cream Cakes in Wisco | 04.19.13
The Boy Scouts seem to have come around to Jim Turley's point of view on […]
IRS Employees’ Extra Week of Vacation Has a Few Conditions
Condition 1: They won't be paid; Condition 2: Jesus, does it matter? They won't be […]
Dead Boston Marathon Bombing Suspect Didn’t Take to Accounting
The Associated Press reports that Tamerlan Tsarnaev, the 26-year-old bombing suspect who was killed overnight, […]
BREAKING: People Put Crappy Coffee on Their Expense Reports
An astounding report by Certify, a travel and expense management provider, found that Starbucks is […]
IRS to Whistleblower: “Thanks for the worthless tip. We Award You No Points.”
The Internal Revenue Service has rejected a reward claim made by a whistleblower, former banker […]
Accounting News Roundup: Doty: Auditors ‘flirting with stagnation’; Scott London: Cartoon Crook; Who Loves Doing Their Taxes? | 04.19.13
Audit market “flirting with stagnation”, says PCAOB chair [Accountancy Age]The audit market is "flirting with […]
Footnotes: KPMG Revisiting Safeguards; The Corporate Tax Game; IRS Employees Have Been Bad at Something Besides Acting | 04.18.13
KPMG Plans Review Amid Trading Case [WSJ] The PCAOB has created a list of all […]
(UPDATE) KPMG Has Been Without Email Most of the Day; Yes, Some People Are Freaking Out
We've confirmed with a number of people at KPMG that the firm's email service has […]
PwC’s New Report Is a Good Reminder Not to be a Tool on Social Media
Now that the SEC has given public companies the go ahead to tweet material info […]