Please ensure Javascript is enabled for purposes of website accessibility
November 26, 2022

Footnotes: PCAOB Finds More Support for Auditor Rotation and Other Things You Might Not Expect | 10.18.12

Why would so many people with ties to Berkshire Hathaway – including Deloitte Touche Tohmatsu's COO Manoj Singh – go to bat for Rajat Gupta?  [Jonathan Weil/Bloomberg]

The 10 Most Corrupt Tax Loopholes [VV]

Rep. King says Congress should retroactively kill estate tax if no deal this year King said the issue with the estate tax is the ability of people to give their children businesses or other assets without intrusion from the government. King said minimizing this intrusion helps keep these businesses around longer. King noted that he sold his own construction business to his son, and said if he had died first, that business may not be around today. "If the IRS had confiscated more than half the assets of King Construction, my son would not have had the opportunity to build on his father's life's work," he said. [The Hill]

PCAOB Hears Evidence Favoring Auditor Rotation [CW]

Retaliation Against Whistleblowers Surging The results of the Navex survey shows the importance of training and awareness programs for companies, to ensure the organization’s commitment not to engage in retaliation and to encourage employees to report misconduct, Atkins says. Seventy-five percent of the respondents say the best way to curb retaliatory behavior is through training, and half note that their companies do online training annually for employees and management. [CFO]

The Real Lesson About Capping Itemized Deductions [TaxVox]

Andrew Cuomo did not like that New York was dead last in the TF's State Business Tax Climate Index. NOT. ONE. BIT. [Tax Foundation]

Throwing Out Insiders Won't Fix Corporate Boards [HBR via Felix Salmon]

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.

Comments are closed.

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 woman enjoying a coffee while she reads accounting news with her dog

Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Why is the Ontario Securities Commission examining Canadian audit firm ethics? Spurred by some critical comments, EY UK chair and managing partner Hywel Ball shares his opinion on the EY split: “Audit quality is going to be better.” KPMG and Deloitte alumni are doing some startup automation stuff. KPMG UAE is still working out some […]