• KPMG Lists Top 10 Priorities for Audit Committees – Fire Grant Thornton and hire KPMG? [Web CPA]
• Kumar Pleads Guilty in Galleon Case – Anil Kumar says he got $1.75 million for his inside dish from Raj. [WSJ]
• FASB Finalizes Changes on Consolidation, Equity – Subtopic 810-10 updates FAS 160, Noncontrolling Interests in…oh to hell with it. [Compliance Week]
• Cell Phones are Good for Your Brain – Gab away. [The Atlantic]
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Review Comments | 07.06.09
•New GM to Be ‘Fully Launched’ This Month, Rattner Says – “A new company containing General Motors Corp.’s top assets is expected to be ‘fully launched’ by month’s end under a new board and majority ownership of the U.S. and Canadian governments, President Barack Obama’s top auto adviser said Monday.” [WSJ]
•California Downgraded By Fitch – This could be the beginning of something bad…Moody’s, your move. [Clusterstock]
•Tribune Said to Finalize Deal to Sell Cubs – The new era of losing begins. [DealBook/NYT]
Review Comments | 07.15.09
• US to unveil hedge fund legislation – “The Obama administration will on Wednesday unveil draft legislation that will require all US hedge funds with more than $30m in assets under management to register with the Securities and Exchange Commission.” You knew it was coming. [FT.com]
• Private Equity Industry Says It Poses No Systemic Risk – “The private equity industry’s main lobbying group said Wednesday it supported legislation that would require all firms of a certain size to register as investment advisers with the Securities and Exchange Commission, but urged lawmakers to avoid onerous regulations.” [DealBook]
• Fed Upgrades Economic Projections, but Expect Worse Unemployment – Minutes did not show the over/under of minutes it takes for Hank Paulson’s dismembering of all the members of the Oversight and Government Reform Committee hearing tomorrow. [WSJ]
Review Comments | 12.29.09
• ‘Girls Gone Wild’ Founder Sues IRS – The newly crowned Douche of the Decade is in a litigious mood. After threatening to sue Gawker for the prestigious honor he was bestowed, DOTD is now suing the IRS for freezing his assets. Will someone stop to this man douche?[Web CPA]
• Bill Would Require Comptroller General to be a CPA – Now there’s an idea. [Web CPA]
• Lehman administrators PwC repay $11bn to creditors – Seems like good news. [BBC]
• 2010: Get Ready for a Tax-a-palooza – “Facing trillions of dollars of expiring Bush-era tax cuts, President Obama and Congress will be forced to make some critical decisions in the new year.” [Tax Vox]
• SEC Seeks PAFs: Jan. 13 Deadline – Professional Accounting Fellows. You. [FEI Financial Reporting Blog]
• Let’s Talk About the Terrorist Underpants, Shall We? – Yes. Let’s. [DI]
• Revealed: How Oscar Nominee Ballots Are Counted – Because we know you were wondering. [The Wrap]
• Tax Court Channels Kenny Rogers – Raj isn’t the only fan. [Tax Update Blog]
• Shareholders Win Settlement in Comverse Suit – Deloitte pitched in $275,000. That’s roughly the equivalent to one partner’s Starbucks budget. [Web CPA]
• Bouncing Back: Overcoming a Negative Performance Review – Anyone? [FINS]
• Tax Accountants to Get Biggest 2010 Raise – Good news already! [TaxProf Blog]