Footnotes: PwC to Face Colonial Bank Music; Seniors and Student Loans; Life After KPMG | 09.10.14

PwC to face U.S. lawsuit over Colonial Bank collapse – court ruling [Reuters]

Some preliminary thoughts on the Enhancing Audit Quality initiative and some Peer Review implications [Attestation Update]

Senior citizens owe $18 billion in student loans Between 2005 and 2013, student loan debt among seniors 65 and older rose by more than 600% from $2.8 billion to $18 billion, according to a new report from the Government Accountability Office. Out of all student debt holders, seniors still account for a small percentage. But their ranks are growing rapidly — quadrupling in size since 2004 to 706,000 households.[CNNMoney]

That reminds me, I have a picture of Sam holding a baby kitten I should put on eBay [Twitter]

New Jersey's debt has been downgraded for an eighth time, just after Governor Christie called rating agencies "bums" [Watchdog Wire]

Former South Hills accounting firm employee pleads guilty to wire fraud Mary Schneir admitted that as office manager of the Karna C. Goldsmith CPA firm on Washington Road in Upper St. Clair, she shuffled money into and out of the accounts of three clients to hide the money she stole, which she used to pay off credit card bills and a mortgage loan. [Pittsburgh Post-Gazette]

Today in exit opps: KPMG's deputy CEO in India is quitting to start his own firm [Economic Times]

Montana Barley Crop Ruined, Beer About to Get More Expensive THAT'S IT, I WANT OFF THIS EARTH [Gawker]

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 white cat and a fan of money

Friday Footnotes: A CPA Grindset We Can Get Behind; The Klynveld Krypto Team; Firms Still Desperate (For People) | 6.24.22

Accounting Firm EY Grapples With Partner Pay, Bear Market in Breakup [Wall Street Journal] Ernst & Young’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but a bear market threatens to cut the value of a potential initial public offering of its consulting business, according to an […]