Please ensure Javascript is enabled for purposes of website accessibility
November 27, 2022

Footnotes: Tax Prof Victim of Alleged Hate Crime, Citigroup Is SO Fun, An Email You Never Want to Receive | 09.14.12

Did the Government Profit From AIG? That's the Wrong Question Treasury never uses the term "profit," even in press releases. The term it does use, "positive return", is a non-Generally Accepted Accounting Principles metric. Treasury has sunk to the level of a social commerce IPO like Groupon, whose infamous Consolidated Segment Operating Income (CSOI) –which was slammed by the Securities and Exchange Commission – glossed over losses to convince investors there was a gain instead. [AB]

Police Investigate Alleged Hate Crime Directed at University of Florida Tax Prof Also see this report from ATL. [TaxProf]

Citigroup Puts the Fun Back in Taking Huge Losses [Bloomberg]

An analyst says Brian Stevens must bring credibility to Groupon's numbers [NASDAQ]

Ex-UBS Trader Kweku Adoboli’s E-Mail to Accountant [Bloomberg]

US, UK sign tax agreement [The Hill]

Nearly nude driver gets 18-month prison term for leading police on high-speed chase [NH]

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.

Comments are closed.

Related articles

a dog in fall leaves

Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Big 4 FRC to fine Deloitte £440k over 2018 audit [Accountancy Today] The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of […]

kitten in autumn leaves

Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Big 4 EY split threatens to weaken both sides of firm, say retired partners [Financial Times] More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. In a three-page memo seen by the Financial Times, the retired US partners say […]