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December 8, 2022

Footnotes: Working the Pole for Tax-Exempt Status; Grant Thornton Dodges Last Refco Claim; One Down, Three Big 4 to Go | 09.05.12

NY Court to Decide if Lap Dance Is Tax-Exempt Art [AP]

Obama Is Wrong On Romney Tax Plan Impact [Bloomberg]

Peregrine trustee asks permission to hire PriceWaterhouseCoopers [DMR]

Refco Trustee Dismisses Last Claim Against Grant Thornton [BBW]

Auditors Give Banks a Pass on Reserves, KPMG Report Shows We've got three more "Big Four" inspections reports to come – Ernst & Young, Deloitte and PwC. Don't be surprised if you see the same focus on loan loss and repurchase reserves and the same kinds of auditor deficiencies. If only we knew which big banks' financial statements were being fudged. [AB]

Analysts: H&R Block will stay true to form with first-quarter loss [KCBJ]

Man Killed Over A Bag Of Cheetos Police say a 42-year-old man and a 49-year-old man were arguing over a bag of Cheetos when the 49-year-old stabbed the 42-year-old once in the chest. The victim was taken to a hospital where he was pronounced dead. Investigators say witnesses provided a description of the suspect and he was arrested by a bike cop at 8th and Pine, about four blocks from the crime scene. [Fox via JDA]

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