Going Concern

Big 4

KPMG Manager Irritated with ‘Other 3’ Calling the Kettle Black RE: Recruiting Methods

Caleb Newquist
January 7, 2011

This week we’ve shared a couple of examples with you that demonstrate how KPMG is attempting to land some talent from its rival Big 4 firms. The strategy ranges from the Google-ish to the good old fashioned cold ~~call~~ email. After yesterday’s post mentioning the latter method, a Radio Station manager felt compelled to point something out:

I am a KPMG manager and I don’t want everyone thinking that it is only KPMG that is on an easter egg hunt to try land experiived the following linked in messages over the holidays:

PwC M&A Advisory Manager opportunity in Mclean, VA

Zahara Kanji Sourcing Manager at PricewaterhouseCoopers

Hi [KPMG manager],

I hope this note finds you well. By way of introduction, I am the recruiting manager for PricewaterhouseCoopers’ Transaction Services Advisory practice. We are strategically growing at various levels across the country. I am interested in your professional background, which seems to align well with our Transaction Services Financial Due Diligence practice. Please reply to this email if you would like to learn more about our business. I look forward to hearing from you soon.

Best
Zahara

and

Position with Ernst & Young LLP Audit Practice

Renee Scott (Creese) National Diversity Recruiting Manager

[KPMG manager],

My name Renee Scott, Assistant Director of Recruitment with Ernst and Young’s Assurance practice. We are expanding our searches for experienced Seniors and Managers with assurance background and CPA designation.

Sasha Le with HR Consulting Partners, my sourcing assistant, through networking, has identified you as someone we would definitely consider speaking further about these great career opportunities. I’ve opted to make my initial contact with you via LinkedIn, a professional networking venue, so if you are or know of someone who is interested, please contact me at 410-263-3702 or via email at renee.scott@ey.com OR you can contact Sasha Le via email at sashale@earthlink.net or via (626) 839-7174. We look forward to hearing from you soon.

Regards,
Renee Scott
Ernst & Young LLP

A couple takeaways now that we’ve sufficiently beaten the competitive recruiting drum: 1) This time of year, there’s a big push to bring on new people because, well, there’s a perpetual shortage of people in some practice areas; 2) if you’re unsatisfied with your current firm, qwitcherbitchin and call one of these recruiters. They’d love to talk to you.

As for our tipster’s motivation:

I just begin to get irritated when staff from the other 3 point fingers at KPMG for being the bad guy. They seem to forget that an audit is an audit and unless PWC has discovered a new shmebit [sic?] to account for that the rest of the Big 4 don’t know about then I am pretty sure they audit the balance sheet and income statement the same way the rest of us do.

Now, then. Some clever commenter on the last post wondered “Whis [SIC] is this big news? Recruiters have been doing this in public accounting for many years.” We admit, this isn’t Andrew Cuomo slapping E&Y and E&Y slapping back but we seriously doubt it’s known just how competitive it is. Plus, the firm’s downplay the whole thing. Look no further than the interview KPMG’s Vice Chair of HR gave to FINS last spring:

[Kyle Stock]: I often read about poaching amongst the Big Four. Has that activity increased or decreased recently?
[Bruce Pfau]: Like any business, there are going to be fluctuations and vicissitudes in the industry in general and there’s a certain amount of movement between the firms. There’s no warfare going on between the firms or any vendettas or anything like that. In general, we find at least when people leave us, by and large, they’re not leaving to go to a competitor. And I think the same is true of our competitors. It’s usually because they see opportunities in either a corporate situation or another consulting environment of some kind.

So, Mr Pfau says it’s NBD but the reality is that the talent at the firms is very similar and when the shortage of people in a particular practice area becomes severe, the leaders in those groups put pressure on the recruiters to find good people to fill the holes. It’s reflective of the culture inside the firms and is part of the underbelly of what is going on behind the scenes. And in case you’re new to the site, that’s what we do here.

PCAOB
SEC

(UPDATE 2) Who Will Be the New PCAOB Board Members?

Caleb Newquist
January 7, 2011

~ Update 2 includes statement from PCAOB and clips from the SEC press release.

The SEC is set to make announcement circa ~~any minute~~ this afternoon and rumor has it that there might be last minute changes that amount to “horse trading among commissioners.” Intrigue at the SEC that has nothing to do with porn! Who knew?!?

Francine McKenna also seems excited about it:

Your wild-ass guesses are welcome at this time. We’ll keep you updated once we hear the names.

UPDATE: Silly us. Tammy Whitehouse over at Compliance Week had the potentials yesterday and we somehow overlooked it:

The SEC is expected to name John Huber, former director of the SEC’s Division of Corporation Finance, Lewis Ferguson, former general counsel to the PCAOB, and Jay Hanson, national director of accounting for audit firm McGladrey & Pullen, to three seats that have been open at the PCAOB for more than a year. It’s not clear whether one of those three will be appointed chairman, or whether that title will be granted to Daniel Goelzer, the acting chairman who has held down the fort since Mark Olson resigned in July 2009.

Granted, there are lots of rumors swirling about this “horse trading” so we wouldn’t be surprised if one of these guys (i.e. Huber, Ferguson or Hanson) got dropped for [fill in the blank].

UPDATE 2: And now, ~~perpetually~~ acting PCAOB chair Dan Goelzer:

“I am very pleased that the SEC has appointed three outstanding individuals to the Board. I look forward to working with Jim Doty, Lew Ferguson, and Jay Hanson in continuing to carry out the Board’s mission to protect investors and promote public confidence in audited financial reporting.

“At the same time, I want to thank the retiring Board members, Bill Gradison and Charley Niemeier, for their immeasurable contributions as founding members of the Board and for their years of dedicated service. Investors owe them a debt of gratitude.”

So the trade was Huber for James Doty (who is taking the Chairmanship), the former SEC General Counsel. INTERESTING (at least in some circles). Fro the SEC press release:

Mr. Doty is currently a Partner at Baker Botts LLP in Washington, D.C. He has represented clients on a wide range of securities law matters. He also counsels boards of directors and audit committees on problems arising under the Sarbanes-Oxley Act and related issues. Mr. Doty served as the SEC’s General Counsel from 1990 to 1992. He received an LL.B. from Yale Law School, an M.A. from Harvard University, an A.B. from Oxford University, and a B.A. from Rice University.

Yale, Harvard, Oxford and Rice? Elijah Watt Sells winners, eat your hearts out.

CPA Exam

Attention Overachievers: AICPA Announces 2009 Elijah Watt Sells Award Winners

Adrienne Gonzalez
January 7, 2011

For those of you who pride yourselves on being better than everyone else, the Elijah Watt Sells Award is just about as prestigious an acknowledgment as they come for future CPAs. The award, founded in 1923 and named after one of New York’s first CPAs, recognizes the top CPA exam scores in the country and means honor, recognition and sometimes a massive bonus for those talented enough at variances and constructing statements of cash flows under a time crunch to score in the way high 90s on all four parts of the exam.

The 2009 award is unique as multiple candidates managed the same exact exceptionally high scores so this timinners. Out of 93,000 CPA exam candidates in 2009, these 15 can say they are truly special.

We doubt any of the following winners spend their time trolling Going Concern but if they do, please accept our congratulations for a job well-done!

Kimberly Anne Brant (Minnesota), a graduate of the University of Wisconsin – Madison with a Bachelor of Business Administration and Masters of Accounting, is currently employed with Deloitte & Touche LLP, in Minneapolis.

Michelle Elizabeth Burket (Virginia), a graduate of the University of North Carolina at Chapel Hill with a BS in Business Administration and a Masters of Accounting is currently employed with PricewaterhouseCoopers in McLean, Va.

Maria M. Goto (Hawaii), a graduate of the University of Washington with a BA in Accounting, and is currently pursuing a Masters in Business Administration from the University of Hawaii at Manoa.

Kay J. Hashimoto (New York), a graduate of Harvard University with a BA in Economics and a MBA in Accounting from Canisius College, is currently employed with PricewaterhouseCoopers in New York City.

Jeremy J. Hurwitch (Florida), a graduate of Florida Atlantic University with a BA in Accounting and Masters of Accounting, is currently employed with Deloitte & Touche LLP in Boca Raton, Fla.

Matthew Saje Kult (Wisconsin), a graduate of the University of Wisconsin – Milwaukee with a Bachelors in Accounting and Masters of Science in Public Accounting, is currently employed at Ernst & Young LLP in Milwaukee.

Isaiah L. Massey (Texas), a graduate of Wichita State University with a Bachelor of Business Administration in Accountancy, and a Master in Professional Accounting from the University of Texas, is currently employed by Deloitte & Touche LLP in Houston.

Luke T. Olson (Georgia), a graduate of Brigham Young University with a BS in Accounting and Master of Accountancy, is currently employed with Ernst & Young in Atlanta.

Ryan Christopher Ossowski (Florida), a graduate of the University of Central Florida with a BS in Business Administration – Accounting, and BS in Computer Science, is currently employed with James Moore & Co., P.L. in Daytona Beach.

Andrew N. Rebstock (Wisconsin), a graduate of Marquette University with a BS in Business Administration and Master of Science in Accounting, is currently employed with PricewaterhouseCoopers in Milwaukee.

Abigail Lindsay Richards (North Carolina), a graduate of the University of Notre Dame with a Bachelor of Business Administration in Finance, and Masters of Accountancy from the University of North Carolina, is currently employed with Duke Energy in Charlotte, N.C.

Peter William Rogers (New York), a graduate of Babson College with a BS and Master of Science in Accounting, is currently employed with PricewaterhouseCoopers LLP in New York City.

Ryan Malcolm Scadding (Massachusetts), a graduate of Bryant University with a BS in Business Administration and Masters of Professional Accountancy, is currently employed with PricewaterhouseCoopers in Boston.

Jessie D. Wagner (Oklahoma), a graduate of Oklahoma State University – Stillwater with a BS in Business Administration and Master of Science in Accounting, is currently employed with Ernst & Young LLP in Tulsa, Okla.

Ryan F. Williamson (Illinois), a graduate of Governors State University with a BS in Accounting, a BA in Mathematics and Music from Illinois Wesleyan University, and an MS in Mathematics from Illinois State University, is currently employed with Groskreutz, Schmidt, Abraham, Eshleman & Gerretse in Kankakee, Ill.

For those of you who didn’t even come close, don’t worry, no one cares anyway.

Accounting News Roundup: PwC In Pari Delicto Case Dismissed in Delaware; How to Bomb an Interview; Profs Living on Campus | 01.07.11

Caleb Newquist
January 7, 2011

Facebook Sets Stage for IPO Next Year [WSJ]
Facebook Inc., one of the world’s hottest technology companies, gave the clearest sign yet that it is preparing to take itself public sometime next year, as it revealed new details in a 100-page document sent to a select group of potential investors. Facebook, of Palo Alto, Calif., said it plans to increase its number of shareholders above 500 this year, according to the private-placement document, forcing the social-networking company to begin disclosing reams of financial information or go public by April 2012.

U.S. Adds 103,000 Jobs in December, Unemployment at 9.4%Bloomberg]
Employers added fewer jobs than forecast in December and the unemployment rate dropped to 9.4 percent, a sign a labor-market recovery will take time to develop. Payrolls increased 103,000, compared with the median forecast of 150,000 in a Bloomberg News survey, Labor Department figures showed today in Washington. Employment the previous two months increased more than previously estimated. The jobless rate fell to the lowest level since May 2009, reflecting gains in jobs and fewer people in the labor force.

PwC Prevails In Decision On AIG “In Pari Delicto” Case [Re:The Auditors]
Delaware follows New York’s lead.

New top tax man [FT]
Andrew Hodge takes over for David Sproul as partner in charge of tax in the UK. Sproul was announced mid-last year as the new CEO of the UK firm, and Hodge is definitely aware of the timing telling the FT, “He gets six months [to prepare] and I got six days over Christmas.” Reportedly, Hodge was joking but seriously, how could you not be annoyed.

Top Ten Ways to Blow a Job Interview [FINS]
Since you don’t want the job in the first place.

Should Faculty Live With Their Students? [TaxProf Blog]
Tim Pearson, an associate professor of accounting and chair of that department, has been the resident faculty leader at West Virginia’s Brooke Tower for 11 years. He and his wife, Lori, (who serves as co-faculty leader with Pearson), along with their children and dog, live in a townhouse about 100 feet from Brooke in exchange for a lighter teaching load, reduced service commitments and a $15,000 stipend. Pearson, now 53, said he initially became intrigued by the idea of living on campus after he received tenure, and he and a colleague were lamenting the motivation of their students.

IRS Raises Alarm Over Complexity Of The Tax Code [Forbes]
TaxVox’s Howard Gleckman over at Forbes, “Each year for the past decade, Nina Olsen, the National Taxpayer Advocate at the Internal Revenue Service, has issued a report to Congress on the most serious problems facing taxpayers. She usually focuses on individual provisions of the code, such as the Alternative Minimum Tax, or vexing tax administration problems. This year, Nina reached a quite different conclusion: The most serious problem encountered by taxpayers is … the Tax Code. The whole damn thing.”

IRS takes interest in sex industry plus cabbies linked to it [LVRJ]
Pimps need to pay their fair share too.

Judge postpones Allen Stanford’s trial [Reuters]
A federal judge on Thursday postponed Allen Stanford’s criminal trial because the accused swindler needs to be weaned off an anti-anxiety drug prescribed for him in prison and undergo more tests to determine competency. The trial was originally due to start January 24, but Stanford’s lawyers argued their client could not adequately prepare because he suffers from depression and is addicted to a powerful anti-anxiety drug that has left him mentally foggy.

KPMG

PwC

KPMG Recruiter Tries to Convince Some of PwC Advisory to Jump Ship

Caleb Newquist

January 7, 2011

~ Post has been updated after initial publication, see below.

On Tuesday, we told that you KPMG was using the power of the Google search to try and woo anyone casually interested in “ey careers.” While this use of technological slight of hand by the firm is impressive, today comes word that at least one experienced recruiter within the House of Klynveld is taking a more direct approach:

Well it’s apparent that KPMG – or one of the initials – is desperate for advisory help. I know a ton of PWC peeps who received an email from this nuanced internal recruiter. This guy is spamming all of my colleagues.

From the sounds of it, our source is a little put off by this blatant attempt but for anyone looking for a new gig in the Chicago area, you may want to look this guy up:

FW: It is a great time to consider KPMG Advisory!!!

Hi [annoyed PwC advisory professional],
Your profile came up during our research efforts.

We are actively searching for top talent with Big 4 experience to join KPMG Advisory. In October 2009 we implemented a new structure for US Advisory to help us to better serve our client base and to drive more growth. We have been extremely successful with both of these goals and have a wide variety of opportunities across all of our Advisory Service Groups. I would love to speak with you about these opportunities and how they would be beneficial to you and align with your career goals.

Please let me know when you would have time for an initial conversation.

Finally, make your New Year a great one with a career at KPMG!

Best Regards,
Mike Madura
National Manager – KPMG Advisory Recruiting Research
Office: 312.665.3628
eFax: 312.896.9325
email: mmadura@kpmg.com

Our source also isn’t sure why a restructuring from October 2009 is being used as a selling point but then again, maybe it’s part of the reason KPMG had the highest growth in revenue last year? Feel free to discuss.

UPDATE: This just in, “I work in PwC’s Boston office in tax and many of my colleagues received this email today. Looks like KPMG is after tax too, not just advisory. Thought I would pass it along as a follow up to your earlier post.”

[annoyed PwC tax professional],
Your profile came up during our research efforts.

We are actively searching for top talent with Big 4 experience to join the KPMG Tax Practice.

We are currently experiencing rapid areas of growth across the United States in our Federal, International and State and Local tax divisions.

We are also looking for qualified individuals in our specialty and industry specific practices in M&A Tax, Valuations Services, Financial Services /Alternative Investment Management and Tax Controversy. With so much anticipated growth we can offer faster upward career mobility than what you are currently getting.

I would love to speak with you about these opportunities and how they would be beneficial to you.

KPMG is poised to significantly increase our revenue over the next few years, and we’d like to discuss how you, or someone you know, might align with our strategy!

Please let me know when you would have time for an initial 20 – 30 minute conversation.

Make your New Year a better tomorrow with a career at KPMG.

CFOs

Stephen Schwarzman Has Got Himself a Pretty Loyal CFO

Caleb Newquist

January 7, 2011

Question: Who says “no” to Apple when offered a job? Answer: Blackstone Group CFO Laurence Tosi.

And what does one do when you commit an act of such allegiance? You tell the boss, natch:

Apple Inc. approached Blackstone Group LP Chief Financial Officer Laurence Tosi to become its finance chief, three people with knowledge of the matter said.

Tosi told Blackstone CEO Stephen Schwarzman that he plans to stay, rather than join Apple, said two of the people, who asked not to be identified because the talks were private.

The ‘Berg reports that because Apple has cash burning a hole in their pocket, they may be looking for a CFO who has acquisition experience and in case you haven’t heard, that’s sorta what Blackstone does. Apple gave the classic “non-denial denial” telling Bloomberg that they are “not conducting a CFO search,” and Pete “loves the company and is extremely happy in his role.”

But that doesn’t make him Laurence Tosi, does it?

Big 4

Your Big 4 Revenue Rundown (2010)

Caleb Newquist

January 7, 2011

We realize that you look at numbers all day but what difference does a few more make?

Accordingly, we’ll call attention to Big 4 Blog’s performance analysis of the Four Horsemen’s fiscal year 2010.

Some highlights:

• In 2010, Deloitte surpassed PricewaterhouseCoopers to become the largest Big Four firm, reporting revenues of $26.578 billion and growth of 1.8%, just ahead of PwC’s revenues of $26.569 billion and growth of 1.5%.

• Deloitte beat PwC by a small but significant margin of only $9 million.

• Ernst & Young placed third with 2010 revenues of $21.440 billion, but its revenues shrank 0.9% from 2009.

• KPMG remained the smallest firm with revenues of $20.630 billion, but had the highest growth at 2.6% and reduced the gap with Ernst & Young.

To summarize: Of course we knew about Deloitte dethroning P. Dubs for the top spot but with the margin of victory so close, it wouldn’t be shocking to see a one and done. Time will tell, time will tell. Additionally, you can see that KPMG had a nice a little rally from 2009 and E&Y, well, not only was E&Y the only firm with declining revenues, they have some other things to work out.

The 2010 Big Four Firms Performance Analysis [Big4.com]

News

More Bell Effect: Santee, California Dropping Mayer Hoffman McCann

Caleb Newquist

January 7, 2011

After learning last week that the City of Riverside was kicking Mayer Hoffman McCann to the curb, another small town in SoCal is dropping MHM after that little mishap up the road in Bell.

From the Santee Patch:

Santee Mayor Randy Voepel has confirmed that the city will soon be searching for a new auditor.

The city’s current firm, Mayer Hoffman McCann (MHM), found itself amid scandal and controversy in July 2010 when the Los Angeles Times reported the firm “rubber stamped” a 2008-09 audit for the city of Bell.

Despite the announcement, MHM gets the pleasure of finishing Santee’s ’09-’10 audit (partner has to be LOVING it) but Mayor Voepel, not being the type to give second chances to two-bit accounting firms, is cutting them loose:

Although Voepel said that none of the people who worked on Bell’s audit have worked with Santee, he’s not interested in continuing a relationship with MHM at this time.

“We’re going out to bid for a new auditor,” he said. “Anyone that does bad deserves to be punished, and I would like to not have that particular firm perform our audits in the near future. Down the road, sure, they can quote in our bids again. But right now I’d like to get new bids.”

Possible translation: “We don’t want anything to do with these clowns. Mayer Hoffman McCann will only audit Santee, California over my dead body or impeachment after I am caught on camera at a donkey show in Tijuana.”

Earlier:
Apparently, Mayer Hoffman McCann Passes on GAAS All the Time

Tax

Romanian Witches Use Cat Crap, Canine Corpses to Protest Taxes

Caleb Newquist

January 6, 2011

The Tea Party is a buncha amateurs.

From the organization formerly known as National Public Radio:

Angry witches are using cat excrement and dead dogs to cast spells on the president and government who are forcing them to pay taxes. Also in the eye of the taxman are fortune tellers, who should have seen it coming.

And President Traian Basescu isn’t laughing it off. In a country where superstition is mainstream, the president and his aides wear purple on Thursdays, allegedly to ward off evil spirits.

And you can bet an eye of a newt that this is serious:

Queen witch Bratara Buzea, 63, who was imprisoned in 1977 for witchcraft under Ceausescu’s repressive communist regime, is furious about the new law.

Sitting cross-legged in her villa in the lake resort of Mogosoaia, just north of Bucharest, she said Wednesday she planned to cast a spell using a particularly effective concoction of cat excrement, a dead dog and a chorus of witches.

“We do harm to those who harm us,” she said. “They want to take the country out of this crisis using us? They should get us out of the crisis because they brought us into it.”

‘My curses always work!” she cackled in a smoky voice. She sat next to her wood-burning stove, surrounded by potions, charms, holy water and ceramic pots.

Angry Witches Cast Spells To Protest Romanian Taxes [NPR via DB]
Earlier:
Just So You’re Aware: Romanian Pols Vote Down Witch Tax Due to Curse Risk

News

Accountants Aren’t Saving Any Personal Finance Savvy for Themselves

Caleb Newquist

January 6, 2011

This is the risk to providing excellent client service to anyone and everyone; you forget to keep any of that wisdom for yourself.

A support group says it has received a record number of calls from accountants in personal debt over the past few months.

The Chartered Accountants’ Benevolent Association (CABA) for UK chartered accountants says that it has seen a sharp rise in calls from accountants with debt problems over the past few months.

CABA said that it has received its highest ever number of calls from accountants asking for help in dealing with personal debt – and expects the problem to worsen over the next few months.

Kath Haines, chief executive of CABA, said: “The number of calls that we are receiving about debt is probably at a record high and we believe that this will grow quite substantially during early 2011.

Accountants racking up record level of personal debt [Accountancy Age]

CPA Exam

What Would You Ask the AICPA About the New CPA Exam?

Adrienne Gonzalez

January 6, 2011

Lucky me, I’ll be speaking with the AICPA about the successful launch of CBT-e as well as grilling them about the new format, their motivation behind the change, and all this nonsense about changing the passing score from 75.

Because you guys are the ones taking the exam and I’m just the one writing about it, I figured it would be appropriate to give you all the opportunity to weigh in on what I should ask. I swear I’m not being lazy as I have plenty of my own questions to ask but thought it might be nice for all of you with questions to have the chance to get them answered directly from the source.

You’re welcome to put your suggestions in the comments or, if you’re embarrassed because your question also makes you look like a big fat failure, please feel free to email me and I promise I’ll guard your identity like Caleb guards his yoga mat.

ANR

Accounting News Roundup: Connecticut’s New GAAP Gov; LinkedIn IPO Coming Soon; Accountant Says Aloha to Prison | 01.06.11

Caleb Newquist

January 6, 2011

Goldman Flooded With Facebook Orders [WSJ]
Inundated with demand, Goldman Sachs Group Inc. plans to stop taking orders for shares of Facebook Inc. on Thursday, and has told some would-be investors to expect just a small fraction of the shares they requested, according to people familiar with the situation.

Malloy signs order calling for GAAP accounting principles [Norwich Bulletin]
This guy means business, “As his first official act, Gov. Dan Malloy signed three executive orders this afrder instructs all state agencies adopt GAAP accounting principles from this point on.”

Momentum Builds for Corporate-Tax Overhaul [WSJ]
The White House and congressional Republicans are moving from different directions toward a consensus that the U.S. corporate tax code needs a fundamental overhaul, a goal high on corporate leaders’ agenda. Specific proposals for retooling the complex corporate-tax system aren’t on the table and the debate over the issue is sure to be lengthy and difficult. But President Barack Obama and Republican congressional leaders are separately sounding the same broad theme that corporate tax rates should be lower. “Tax reform could be a significant boost to our competitiveness,” Rep. Eric Cantor (R., Va.), the new House majority leader, said this week. “I’m hopeful and expect the president to put some action behind his statements.”

LivingSocial: Groupon’s Not The Only Company That Can Hire A CFO [TechCrunch]
John Bax, an E&Y alum and most recently the CFO of RecycleBank, is in now in the big chair at LivingSocial.

Aronson & Company Changes its Name to Aronson LLC [PR Newswire]
Effective last Saturday.

LinkedIn Plans to Pursue an IPO [WSJ]
No Goldman needed, “Social-networking company LinkedIn Corp. intends to file for an initial public offering within months, another sign that the market for high-tech companies is heating up. The Mountain View, Calif., company, whose members include more than 85 million business professionals, will likely file its S-1 registration statement during the first quarter, according to a person familiar with the matter. The three underwriters are Bank of America Merrill Lynch, J.P. Morgan Chase & Co. and Morgan Stanley, this person said.”

Wise, Blue accounting firms merge [Business First]
Douglas R. Wise & Co. PSC, a Louisville-based public accounting practice, has merged with Blue & Co. LLC, an accounting and advisory firm based in Carmel, Ind.

Deaths, Disasters and Diseases Make For Satisfying Career [FINS]
Or debit and credit mavens, which comes in at #12.

Ponzi scheme sends Maui accountant to prison [Hawaii News Now]
Maui accountant Lloyd Kimura pleaded guilty Wednesday to nine counts of bank and mail fraud and theft in an elaborate ponzi scheme. Kimura, 61, admitted to defrauding more than 50 clients who invested in his business, the Maui Industrial Land and Finance Company. His crime may have amounted to as much as $20 million.

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