I don’t care if you’re a Republican or a Democrat; you’re an accountant, and the avert-the-fiscal-cliff legislation that the federal government crapped out at the last minute hooks you up. Sure, you’re going to pay more in taxes, but Congress was actually able to bang out some long-term solutions to the expiring tax cuts which is going to make your life easier1.
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ANR: Deloitte Gets Choosy in China; New Plates for the President; Accounting Firms “Prone to Stupidity” | 01.16.13
Deloitte Tightens Client Screening After China Scandals [WSJ]A spate of recent accounting scandals in China […]
Footnotes: Billable Boinking; Nebraska Sans Income Tax?; Don’t Count on Compromise | 01.15.13
Pro tip: If you're going to give a client extra-special services, don't bill them for […]
Deloitte Finally Gets Some Good Exposure
In case you missed it, January 13, 2013 was the 12th Annual No Pants Subway […]
FASB Still Applying Duct Tape to Repurchase Accounting
Apparently Accounting Standards Update No. 2011-03 didn't quite hold things together as well as people […]
Study: Rules-based Accounting Shields Firms From Lawsuits
According to groundbreaking research by Richard Mergenthaler, assistant professor of accounting at the University of […]
Developing: Ernst & Young Auditor’s Life Is About to Become a Living Hell
Much like the flu, it's far too early to say how bad this busy season […]
ANR: House Panel Probes PCAOB; When a Tax Increase Isn’t a Tax Increase; FAS 131 More or Less Does What It’s Supposed to Do | 01.15.13
U.S. House panel probes audit watchdog's economic analyses [Reuters]A U.S. House panel is probing whether […]
Footnotes: Party’s Over for Chinese Companies; Diversity at the IRS; E-filing and Tax Return Fraud | 01.14.13
Chinese companies retreat from U.S. listings as scrutiny mounts U.S. government investigations of suspect financial reports […]
Apparently a Few CPA Exams Were Incorrectly Graded as Failing When In Fact They Passed
Jeff at Another71 is reporting that his forums were abuzz over the weekend with word […]
FYI: Attorneys Think Auditors’ Legal Confirmation Letters Are a Giant Waste of Time
Mark Herrmann, the in-house legal columnist at Above the Law, has a bone to pick […]
Ex-Nortel CFO Rendered Speechless After Accounting Fraud Acquittal
An Ontario judged dismissed a case against three former Nortel Networks Corp. executives who were […]