Please ensure Javascript is enabled for purposes of website accessibility
September 21, 2023

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

Silky brown dog alert, outside

Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Happy National Leave Your Accountant the Fuck Alone Day, everyone! Hopefully […]

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]