October 4, 2022

Footnotes: Let’s Just Assume Everything Out of the SEC Is on Delay Until Further Notice | 07.18.12

US SEC delays court action seeking Deloitte China audit papers [Reuters]

Grant Thornton chief calls for more action on fraud [Australian]
 
Baker Tilly slammed by $50 million jury verdict Hit with a $50 million verdict for negligence, Baker Tilly Virchow Krause LLP is suing its insurance carrier for refusing to cover most of the damages — two troubling developments for an accounting firm with revenue of $259 million for the year ended May 31. The Wisconsin county court jury verdict, and the two-plus years of litigation leading up to it, already has slowed Baker Tilly's expansion plans, industry consultant Allan Koltin said. He predicts the verdict, reached in late May, will be overturned on appeal but added, “If they lost it, it would put them in jeopardy.” [Crain's, Earlier]
 
Austin Plane Crash Cost IRS $38.6 Million [AT]
 
Loan-Loss Snag Threatens Progress in Uniting Accounting Rules [WSJ]
 
The Real Way to Poop at Work with 100% Secrecy [Jezebel]
 

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

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]

a spooked little kitten

Friday Footnotes: Opinions!; EY’s Blockchain Aspirations; KPMG Junior Reprimanded | 9.30.22

Psst. While you’re here, have you thought about getting on our newsletter? No? Alright. Big 4 Average income of Deloitte’s partners in UK and Switzerland tops £1m [The Guardian] Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after […]