September 24, 2022

Footnotes: KPMG Gets Blowed; We Love Confetti Drops; The Future of Audit | 08.04.14

LinkedIn Pays $6M in Unpaid Wages, Damages Guess that isn't going on the ole profile, eh? [AP]

Court Deals Blow to KPMG, Others Marketing Bond-Linked Tax Shelters Bond Linked Issue Premium Structure (BLIPS) investment products marketed by KPMG LLP and multiple other investment funds lacked economic substance, a federal court ruled, granting the IRS summary judgment in the case [Bloomberg BNA]

Treasury Increases Quarterly Borrowing Expectations The U.S. Treasury Department raised its borrowing expectations for the third quarter of the calendar year, but is still issuing far less debt than in recent years. The Treasury Department estimated Monday that it will issue $192 billion in net marketable debt from July through September, $22 billion more than projected three months ago. Still, officials said borrowing remains low, with the lowest third-quarter debt issuance since 2007. [WSJ]

We're only making fun of this because we are bitter and jealous [Twitter]

A former traffic court accountant in NOLA took more than originally thought [NOLA Defender]

Let's talk about the future of audit [Forbes]

HP, Autonomy trade barbs as lawsuit against ex-CFO looms [Reuters]

Deloitte confirms 1,000 new jobs in Lake Mary Dateline: Florida [Orlando Sentinel]

KPMG Acquires Workday Consulting Practice From AXIA Consulting Stephen Lis, KPMG's U.S. leader for Management Consulting, commented on the acquisition, stating, "We are very pleased to welcome AXIA's Workday consulting team members to the KPMG family. Their team has quickly become a 'go-to' partner for payroll, data conversion and integrations with Workday services, and we are looking forward to leveraging their expertise as we continue to bolster our strong position in the important Finance and HR Transformation market." [MW]

PwC US Appoints Rod Adams as US Recruiting Leader Congrats, bro. [MW]

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