Friday Footnotes: A (Tax) God Among Men; A CPA Review-sary; CFO Gets Probed | 6.28.19


Ed. note: Hey look, Footnotes is back! Y’all old-timers may recall Footnotes as a wrap-up of industry news too boring or too esoteric to deserve its own post, but relevant none-the-less. In our ever-present desire to make sure you know the happenings of the profession despite your perpetual indifference, we’ve brought it back. Spot a good story we should include? Want to complain about us ignoring your press release spam about Indiana bacon festivals? Hit us up.

Marcum has a few new partners [Marcum] Congratulate these four dudes and a chick on movin’ on up in the world of not-quite-mid-tier accounting.

The self-study CPA review industry turns 45 [Gleim CPA Review] Gleim announced this week that it’s been 45 years since Dr. Irvin N. Gleim published his first self-study CPA review book. Personally, my extensive knowledge of the CPA review industry only goes back to the late ’90s so forgive me if I can’t swear to the accuracy of this statement, but congrats to them anyway.

How To Explain Crypto Accounting To A CPA Who Doesn’t Understand Cryptocurrency [Forbes] Just what your friendly neighborhood accounting professional wants, a mansplainer on crypto.

First global accounting rules for insurers set for changes after complaints [Reuters] The International Accounting Standards Board (IASB) published its IFRS17 standard in May 2017 to replace a patchwork of national rules, but met opposition from insurers which said it would be costly to implement in too short a time.

Cal State Fullerton pioneers course on using robotics to streamline accounting [OC Register] Robots are coming for your job … if your job is emptying the trash.

Accounting alumnus earns top score on CPA exam [Louisiana Tech University] Local boy makes good.

Bubble Wrap maker says it has fired its CFO ‘for cause’ amid SEC probe [Charlotte Observer] Charlotte-based Sealed Air has terminated its CFO over an ongoing SEC investigation into the company’s accounting practices, the company said in a securities filing Thursday.

Meet the Columbus tax accountant who beat the IRS in court [Columbus CEO] Ron Lykins is a god among men and you shall bow to his greatness.

FASB Advances Toward Easing Accounting Burden for Libor Phaseout [CFO Journal @ WSJ] The Financial Accounting Standards Board on Wednesday took a major step toward removing a potentially costly accounting burden facing companies and organizations affected by global reference rate reforms, including a planned shift away from the London interbank offered rate.

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

Your Naughty Tax Preparer of the Day

So this guy actually thought he could get away with this, huh? SMH. Hadi Isbaih of Palos Heights, IL, was charged in an indictment returned Monday in the Northern District of Illinois with four counts of wire fraud for allegedly fraudulently assisting customers in obtaining millions of dollars in loans under the CARES Act, authorities […]