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November 28, 2022

Footnotes: PwC Gets Into the Law Business; The Bongs’ Great Idea; Post This | 08.14.14

Diversity of services key in changing accounting industry This will definitely end well [WCBJ]

Atlanta accountant and three others charged with insider trading Four men were charged with insider trading, including an Atlanta accountant who allegedly learned of a pending takeover while giving tax advice to a member of the O’Charley’s restaurant chain’s board of directors, according to federal authorities. The four didn’t admit guilt, but agreed to pay a total of $420,000 — mostly in penalties — to settle charges that they illegally profited from inside information, according to the U.S. Securities and Exchange Commission, whose Atlanta office conducted the investigation. [Atlanta Journal-Constitution]

From accountant to "fattogram" the story of a mother of two who gave up balance sheets for showing off her assets [Daily Mail]

CPA’s Sons Score $3M To Bring Order To Financial Audits The Bong brothers had a crazy idea: “One night when we came home from the gym, my dad was screaming and yelling at his computer. He wouldn’t let us touch anything, but we took a look and we saw how cryptic it was,” Steven Bong said. “When he told me how much the software cost, the number made my head explode. I thought, ‘Hey, we can build an auditing program. How hard can it be?’” [WSJ]

PwC tries its hand at law Because of course it does: "Global accounting firm PwC has thrown its hat in the ring to compete with Australia’s largest law firms, ­hiring corporate ­heavyweights Tony O’Malley and Tim Blue to head their legal team. The two ex-King & Wood Mallesons partners have an ambitious revenue target of $100 million within five years, and are looking to recruit another twenty partners to join them. 'Tim and I are very excited about the prospect of joining PwC and pursuing together this growth strategy for the legal industry,' Mr O’Malley told The Australian Financial Review." [Financial Review]

Tax Revenues Still On Pace To Break Records In 2014 [Forbes]

IRS handed taxpayer information to contractors without background checks [WaPo]

Lawsuit Claims Google Wrote Down Plan to Steal Idea on Some Post-Its Didn't Tom Hood call this the year of the Post-It? [Valleywag]

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