Here's a nice article on EY Olympian Gwen Jorgensen. [ESPN]
Mike McGuire will replace Lou Grabowsky as partner in charge of operations for Grant Thornton. [GT]
Sad: Tracy Lefteroff, global managing partner of PwC's venture capital practice died on Sunday at the age of 59. [Fortune]
Act surprised when you learn that Missouri has a very low beer tax (Colorado, too). [CNN]
Jon Weil reacting to Citigroup's latest announcement of bad news:"[A]ccumulated other comprehensive loss” — a name so awful and devoid of plain-English meaning that the Financial Accounting Standards Board, which sets U.S. accounting rules, deserves a dunce cap for coining it. [Jon Weil/Bloomberg]
IRS Confirms Plans to Retire Two e-Services Products in August [AWEB]
The ParenteBeard Chairman and CEO says his firm's partner exodus is simply "turnover." [PhillyDeals, Earlier]
Gun Trusts Help Owners Legally Pass Down Firearms [WSJ]
Ed. note: In observance of a day that reminds Italian-Americans and Native Americans that they are sworn enemies, we’ll be posting on a lighter schedule today. Let us know if anything exciting happens (shouting matches, faux-holiday layoffs, etc.) and we’ll manage to get something up. Back with a full slate tomorrow.
PwC clients asked to reveal information on internal accounting judgments [Accountancy Age]
“PwC auditors will ask audit chairmen to reveal more detail about internal accounting judgments on a voluntary basis. Andrew Ratcliffe, senior audit partner with PwC, said he was unsure how the audit chairs would react, but hopes to have more sensitive information in the public domain by February.
‘We will ask what are the key judgments and assumptions that the auditor discusses with the audit committee when he completed his audit,’ he said.”
Deloitte’s Phoenix partner moving to Los Angeles post [Phoenix Business Journal]
Michelle Kerrick makes a break for the L.A. OMP gig.
The Tragic Decline of Business Casual [Bloomberg BusinessWeek]
The bosses have had it up HERE with your liberal interpretation of the business casual dress code.
The Future of Fraud Investigations: A Guest Post From Tracy Coenen [Re: The Auditors]
Tracy Coenen drops in at RTA for a guest post.
Deloitte & Touche settles Kentucky Central suit for $23 million [Business First of Louisville]
“The Kentucky Department of Insurance has reached a $23 million settlement with Deloitte & Touche LLP, ending a lawsuit the state brought against the accounting firm for its dealings with the now-defunct Kentucky Central Life Insurance Co.”
Is Obama Raising Taxes on the Middle Class? According to Joe Biden, Yes [Tax Foundation]
The Veep escaped and managed to say some things that aren’t so helpful with the President’s tax rhetoric.
