Footnotes: What if Herbalife Can’t Find a New Auditor?; About That IRS Budget; Old Guy Joins Twitter | 05.02.13

IRS Grabs Man's Tax Refund to Recoup Social Security's Alleged $895 Overpayment to Mother 42 Years Ago [TaxProf]

Herbalife Ltd. is trying hard to find a new auditor — but what if it can’t? That would be highly unusual, but accounting observers say it could happen. All of Herbalife’s potential new auditors might either be unsuitable or have conflicts of interest that could preclude them from taking on the job. If that were to happen, it could force the company to seek a solution from the Securities and Exchange Commission — in the form of a potential exemption from rules intended to make sure an auditor doesn’t get too close to its client. [MB/WSJ]
PCAOB Announces Standing Advisory Group Meeting on May 15-16, 2013 [PCAOB]
Apple’s Shuffle Keeps Profit Out of Reach of Taxes [NYT]

British Activists Press Tax Case Involving Goldman Sachs [DealBook]

Man Faces DUI Charge After Speeding to Waffle House [Patch]
Here's a U.S. map of inheritance and estate tax rates. [Tax Foundation]
Deciphering the 10-K Share it with a non-accountant friend. [The Financialist]
Yes, let’s talk about the IRS budget. [Tax Update]
"Warren is in the house." [Twitter]

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 on a sunny beach

Monday Morning Accounting News Brief: Where Are the Ethics?; The SEC is Watching | 6.13.22

Financial Times boldly suggests that because of constant financial scandals accounting programs need to do a better job of teaching students not to screw up. “These scandals have intensified concerns that a poorly developed approach to teaching behavioral, as opposed to technical, skills is reducing ethical standards and professional independence,” writes FT. Meanwhile in Canada, […]