Please ensure Javascript is enabled for purposes of website accessibility

Footnotes: Don’t Tax My Weed; Twitter’s New CFO; A Heinous Tax Fraud | 07.01.14

SEC Bars Firm From Auditing U.S.-Traded Companies Based in China The SEC said in an administrative proceeding that EFP Rotenberg LLP didn't adequately plan its audit of China's Universal Travel Group and didn't obtain enough evidence or show enough professional skepticism when it gave the company's financial statements a clean bill of health. [WSJ]

Prosecutors drop charges against man who drove onto White House grounds The IRS employee from Maryland totally didn't mean to follow a presidential motorcade [WaPo]

Local CPA guilty of tax-evasion scheme involving dead children Uh, yeah, that's an ethics violation fo shizzle [Fox5 SD]

A supervisor has been ripping off Delta since 2004, back when it was Northwest Airlines [PP]

Activists sue to block marijuana sales tax in Colorado The suit, which addresses the complications that arise from a state legalizing a drug that remains illegal under federal law, was filed in Denver District Court by local attorney Rob Corry. The main goal is to reduce the 29 percent wholesale and retail taxes collected at the state and local levels on sales of recreational marijuana, and specifically block those taxes that apply only to their industry. [Fox News]

Twitter Names Ex-Goldman Banker Anthony Noto as Chief Financial Officer [Bits via NYT]

FU, Big 4, the Hong Kong democracy protests must go on [Reuters]

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.

Related articles

dog with pink heart glasses

Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

There’s a lot happening this week. Which YAY because hooooo boy can it get boring around here when there isn’t. First things first, check out what the AICPA is working on and when you’ve had a chance to review their idea, reach out with your feedback if you want. Comments are closed on Footnotes because […]

sad black dog

Friday Footnotes: KPMG Client’s Spectacular Failure; PwC Gets Defensive; Kids Doing Taxes | 3.10.23

Some things are happening today. Bank Fail Friday is back! What does Silicon Valley Bank’s collapse mean for the financial system? [The Economist] Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But […]