It's one theory! This time of year certainly lends itself to organizations allowing their employees […]
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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 […]
Accounting News Roundup: Ugh, Revenue Recognition; Ex-Deloitte CEO Appreciates Convergence Effort; Video Game Tax Breaks | 12.12.12
Autonomy spurs questions on looming accounting overhaul [Reuters]The scandal at Autonomy, a UK software group […]
Footnotes: John Boehner’s Counter-offer and Other Things That Will Likely Be Rejected | 12.11.12
John Boehner has sent Obama new counter-offer [WaPo] SEC Sues 'Gatekeeper' for Chinese Companies [WSJ] […]