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December 4, 2022

Footnotes: Breitbart Claims IRS Targeting; California’s Pension System Screwed By Accounting Tricks; Disruptions | 09.11.14

M&T Bank unit to pay $18.5 mln to settle SEC accounting violations [Reuters]

Breitbart News says IRS targeted company for audit Poking the hornet's nest: "'The Obama administration's timing on this is exquisite, but try as they might through various methods to silence us, we will only get more emboldened,' Stephen K. Bannon, executive chairman of Breitbart News Network, said in a written statement." [Fox]

'Legal pension spiking' will cost California $800 million, audit says Thousands of California public workers have sweetened their retirement checks with a now-outlawed accounting maneuver that will cost nearly $800 million over two decades, an audit has disclosed. The report by Controller John Chiang this week came as California faces tens of billions of dollars in future pension payments for government retirees that the state doesn't have the money to pay. [AP]

Little Difference Between Private Company, Public Company Audits: Study [FEI]

Canada Unveils Credit to Ease Small Businesses' Payroll Taxes [WSJ]

5 CPAs share tips on what to do with those business cards you collect at networking events [NYSSCPA]

Preach it [Twitter]

Why White Men Can't Be Disruptors I think we need a panel of white guys to discuss this [Gawker]

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