Footnotes: SEC Investigating Ernst & Young for Audit Client Lobbying and Other Predictable Things | 01.07.13

SEC probes Ernst & Young over audit client lobbying The Securities and Exchange Commission is investigating whether auditing company Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major audit clients, people familiar with the matter told Reuters. The SEC inquiry began shortly after Reuters reported in March 2012 that Washington Council Ernst & Young, the E&Y unit, was registered as a lobbyist for several corporate audit clients including Amgen Inc, CVS Caremark Corp and Verizon Communications Inc, according to one of the sources. [Reuters, Earlier]

Major Companies Push the Limits of a Tax Break Like-kind exchanges are all the rage, you know. [NYT]

Ernst & Young Recruits Minority Students at NYC Event [AT]

A Closer Look At The Fiscal Cliff Deal's Impact On The Built-In-Gains Recognition Period For S Corporations [Tony Nitti/Forbes]

A Russian Tax Fraud Worth $230 Million May Just Be The Tip Of The Iceberg [BI]
More Financial Reporting Questions at H-P? [GOA]
The Tax Foundation mapped out the nation according to percentage of taxpayers of AGI greater than $500k. [TF]
ParenteBeard Combines with Presscott Associates [AWEB]
Reading School District short millions; lawmakers want audit Just a slight overstatement of expected revenue. [RE]
Man Buys Solid Gold Shirt To Pick Up Chicks [HP]

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