Always read the footnotes, capital market servants. Drop us links and tips over the weekend by hitting the button at the top of the page or emailing us directly. Follow us on Twitter, Facebook, Pinterest. Submit questions, Excel art and accountant jokes to Open Items.
Valeant and the VIE [China Accounting Blog]
Valeant Shows the Perils of Fantasy Numbers [NYT]
For employees expected to be shunned because of a very saddened and perplexed state.
— Dark Accounting (@DarkAccounting) October 30, 2015
Would Speaker Ryan Boost the Chances for Tax Reform? Not Until 2018 [TaxVox]
"Next year, we get out to the client site for the audit. Client has a new controller running things. He tells us “Oh, I had to make a huge adjustment to deferred rent when I started–I can’t believe you guys didn’t catch that it was all wrong." [ADB]
Experienced Hire – Negotiating with B4 [Open Items]
Has ‘Diversity’ Lost Its Meaning? [NYT]
"Ernst & Young LLP had not shown that the FBI had marked its bid for an accounting and auditing services contract more harshly than that of rival PricewaterhouseCoopers', the U.S. Government Accountability Office said in a decision made public Wednesday, denying EY’s protest." [Law360]
IRS Commissioner Koskinen Impeachment Trial Would Be Historic [Forbes]
Rihanna releases NSFW footage from 'Bitch Better Have My Money' music video [EW, Earlier]
Condom shares fall after China abandons one-child policy [The Guardian]
