Please ensure Javascript is enabled for purposes of website accessibility

Footnotes: Scams, Accounting Tricks and Trolls OH MY | 10.23.13

General Motors will now consider its Russian sales as part of its European business, where previously they were counted as its Asian operation, and this slight of hand might make GM look a whole lot nicer to investors [Motley Fool]

Warren Buffett pays more in taxes than he realizes [Forbes]

I feel like this article on Internet trolls is relevant to this website somehow [ABC]

Audit: IRS contractors rack up tax debts "The IRS has kept on hundreds of contract employees that combined had some $5.4 million in tax debts, according to a federal audit released Wednesday. Treasury’s inspector general for tax administration said that 691 IRS contract employees in 2012 owed money to the government, or about 5 percent of the contractors the inspector general said it examined. At least 319 of those contractors racked up their debts after obtaining privileges almost identical to regular agency employees, and hadn’t set up a payment plan — meaning they shouldn’t have had access to IRS facilities." [The Hill]

A Beverly Hills securities broker is accused of ripping off clients [Reuters]

The Yankees are one of 10 MLB teams valued over $1 billion [Bloomberg]

Guy who worked for a fraudulent company, forgot to claim all his income and thought he could get money to pay the IRS through gambling has been sentenced to probation [Syracuse.com]

Crowdfunding for Internet Stock Sales Approved by SEC [Bloomberg]

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 […]