Please ensure Javascript is enabled for purposes of website accessibility
December 5, 2022

Footnotes: Madoff Bro Sentenced; FASB Picking Another Fight with Banks; The Maya Beg to Differ | 12.20.12

House Set to Vote on Boehner’s Fiscal ‘Plan B’ “After today, Senate Democrats and the White House are going to have to act on this measure,” Mr. Boehner said as the House prepared for a tense series of votes. [NYT]

Madoff's Brother Sentenced to 10 Years for Role in Scheme [WSJ]

Unaudited! Not Just A China Problem So How Do We Address It? No one ever talked about delisting all the German and UK companies listed on U.S. exchanges just because the German member audit firms of the Big Four had never been inspected by the PCAOB. No one talked about de-registering German Big Four member audit firms while Germany, like many other EU countries, and the U.K. prohibited PCAOB inspections on a sovereignty or secrecy basis. [Re:The Auditors]

H-P Throws Its Accountants Under the Bus! But Why? [GOA]

Sometimes UBS Traders Manipulated Libor Just To Mess With Each Other [DB]

FASB floats stronger bank credit risk accounting standard "There will be plenty of pushback from the industry" on the standard, said Nomura Equity Research analyst Glenn Schorr. [Reuters]

Municipalities Fight a Proposal to Tax Muni Bond Interest [NYT]

Should Working Class Families Pay Higher Tax so High Income People Can Pay Less? [TaxVox]

You Know Who Doesn’t Believe the World is Ending Tomorrow? The Maya [Gawker]

This Nazi Christmas party must have been the worst ever [io9]

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

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

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 […]