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September 21, 2023

Footnotes: Auditor Resignations, IRS Auctions, and Charitable Organizations | 07.26.12

Facebook Growth Slows Again; Shares Fall 10% [WSJ]

Republicans Shouldn’t Cave on the Bush Tax Cuts [Bloomberg]

Madoff Trustee Wants Victims to Get More Money [AP]

Woman Accidentally Bakes Family’s Entire Life Savings After Husband Hides It in the Oven [Gawker]

Trustee in Darren Berg Ponzi case ordered to pay Moss Adams $74K in legal fees [PSBJ]

CMEDY: PWC’s Resignation Letter The resignation letter, obtained via Freedom of Information Act and filed with the Securities and Exchange Commission’s Office of the Chief Accountant, is dated April 23 and is a brief, formal notification to China Medical chief financial officer Takyung (Sam) Tsang and the company’s board of directors that PWC resigned the account without providing any reason for doing so. Based on previous reports–and private PWC communication with investors that has reviewed–it appears that PWC had not been able to communicate with anyone at China Medical for months. [TFI]

Is it Time to Rethink the Tax Treatment of Charitable Organizations? [TaxVox]

Young Buck's IRS Auction Banks $53,000, 615 Cashville Chain Highest Priced  [SOHH]

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