Please ensure Javascript is enabled for purposes of website accessibility
September 24, 2023

Footnotes: Speeches, Awards, and Beards OH MY | 05.29.14

Speech by Hans Hoogervorst: 'Charting progress towards global accounting standards' A highlight: "The new Revenue Standard replaces American standards that contain thousands of pages of application guidance and IFRS Standards that provide too little guidance. The fact that we managed to stay converged with our colleagues of the FASB is very important and we intend to stay converged in the future." [IFRS.org]

Auditing: Perspectives on its Role, Relevance and Reliability In another speech today, PCAOB Chief Auditor Martin Baumann reflects back on his career: "Most auditors are truly dedicated professionals who care greatly about their role and responsibilities. I know this first hand. I saw it for 33 years at PwC (and hopefully I exhibited it); I saw it as a CFO of Freddie Mac where I experienced it; and now I've seen it while at the PCAOB — as I've worked with the audit profession for 8 years, including 5 years as Chief Auditor, responsible for establishing and interpreting auditing standards. I can say, with some degree of confidence — I know auditors and I know auditing, and I have the highest respect for both!" [PCAOB]

You mean 14 years ago as in the 14 years ago when the dot com bubble popped and the Pets.com mascot was found drunk in a San Francisco gutter? [Twitter]

Hedgeweek named Rothstein Kass "Best North American Regulatory Advisory Firm" [Hedgeweek]

Justice Dept. Seeks More Than $10 Billion Penalty From BNP Paribas [WSJ]

If you're a Dish Network subscriber, you'll soon be able to pay your bill in Bitcoin [DealBook]

Hackney: Why Section 501(C)(6) Trade Associations Are Undeserving of Tax Exemption Theory supporting tax exemption states that we should subsidize nonprofit organizations that provide goods or services that are undersupplied by the market. A charitable organization that assists the poor is a classic example of a service undersupplied by the market. Business interest group services, however, are found in abundance. [TaxProf]

Shock and awe: the state of California sucks at accounting [Sacramento Bee]

Montana Cable Company Getting Some Idiots To Pay Its Taxes For It, For Freedom [Wonkette]

Man Terrorizes Wife With Unruly Beard: A Modern American Tragedy [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

Yellow dog on a sunny autumn day

Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

People Ken Miller set to retire after more than three decades of service [Virginia Tech] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. In these roles, he provides financial […]

Silky brown dog alert, outside

Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Happy National Leave Your Accountant the Fuck Alone Day, everyone! Hopefully […]