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Footnotes: SEC Gets Around to Sherb & Co.; New Revenue Recognition in the Final Stretch; Decent Internships | 11.07.13

CFOs Need to Learn About Tax Credits [CFO]

FASB Finishes Talks on Revenue Recognition [CW]

Gerald A. Poynter, also known as "Brother Jerry Love," admitted to leading a tax fraud conspiracy in which co-conspirators from eight states filed fraudulent tax returns seeking $96 million in refunds. The IRS mistakenly paid out $3.5 million of those refunds to Poynter and other filers, including "branch managers" who recruited conspiracy participants. As the leader, Poynter would receive a cut of each refund, which he directed the others to call "love donations" with checks written out to "Jerry Love Ministries." [KCBJ]
Auditor to the Chinese reverse mortgage fraud stars, Sherb & Co., got barred by the SEC today, more than five years after a Barron's article warned everyone about the firm. [Jon Weil]

Studies Make a Case for Engagement Partner Identification [AWEB]

Can Expiring Tax Provisions Save the Budget Talks? [TaxVox]

Best Overall Internships Plante Moran: 7; PwC: 12; Deloitte: 13; KPMG: 17; Moss Adams: 23. [Vault]

Bacon Deodorant Is A Real Thing [HP]

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