Herbalife Auditor Hunt Hampered by Small Pool, Big Needs [CFOJ (Subscription)]
When Tax Reform Means Soaking the Rich [Tax Analysts/Joe Thorndike]
House Dem rejects linking tax reform to debt-ceiling increase [The Hill]
PCAOB Dangles Credit to Entice Cooperation The Public Company Accounting Oversight Board has issued a policy statement that says it will take into account any “extraordinary cooperation” on the part of auditors or the firms they represent when deciding the outcome of a PCAOB investigation. The board is encouraging auditors to consider “voluntary and timely self-reporting, voluntary and timely remedial or corrective action, and voluntary and timely substantial assistance” when the board or another enforcement agency is investigating an issue. Depending on the facts and circumstances, such assistance “ may influence the PCAOB's enforcement decisions,” the board said in its policy statement. [CW]
Brokerage Ills Stir Auditor Scrutiny [WSJ]
California Considers Soda Tax in 2013, Forgetting Resounding Defeat in 2012 [TF]
House bill would give IRS authority to regulate tax pros [DMWT]
Work/Life Balance Makes People Cry [ATL]
Son Celebrates Birthday by Paying Off His Mother's Mortgage [Gawker]