Please ensure Javascript is enabled for purposes of website accessibility
November 26, 2022

Footnotes: Are You Paying Tax You Don’t Owe?; The CGMA Blitz!; JPM Gets Probed | 09.04.13

Are Some Americans Paying Federal Income Tax They Don’t Owe? [TaxVox]

Opposition Mounts to Lease Accounting Changes [AT]

Idaho's Tax Commission is trying to get sales taxes out of a 12-year-old fruit stand. [ISJ]

The AICPA continues the CGMA blitz. [AICPA]

Check out this sweet profile of my pal and Maryland Association of CPAs Chair Byron Patrick. [CPA Practice Advisor]

Exclusive: JPMorgan subject of obstruction probe in energy case [Reuters]

Jonathan Weil has a funny today: "There's an amusing line in this notice yesterday by the Federal Reserve and the Federal Deposit Insurance Corp. The regulators told banks they should "not rely on the provision of extraordinary support by the United States or any other government" when drafting their so-called living wills. Those are the documents that describe how they could be dismantled if necessary in a crisis. In other words, when writing up the plans that assume they will die, they're not allowed to assume that they won't. Go figure." [Bloomberg]

Founder of $3 billion hedge fund busted in prostitution sting, it is unclear how many investors will *cough* pull out. [CNBC]

Just FYI, you little money-grubbing monkeys, there are jobs out there that pay better than yours after just two years of college. Oh the humanity! [CNN Money]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

a dog in fall leaves

Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Big 4 FRC to fine Deloitte £440k over 2018 audit [Accountancy Today] The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of […]

PCAOB Hopes Updating Quality Control Rules Will Maybe Prevent Audit Firms From Constantly Breaking Quality Control Rules

From the earliest days of Going Concern until most recently last month, quality control has been a problematic thing for audit firms. For example, the firm that employed the guy who just got the largest fine the PCAOB has ever given to an individual auditor couldn’t get its quality control systems under control: From 2018 […]