• Michael Jackson’s Death Ruled a Homicide – Thank the Maker. We’re in need of a circus. [Reuters via NYT]
• MADOFF VICTIMS FIGHT PICARD OVER PROFITS – Yes, because he’s working against you people. [NYP]
• Tech Firms Drowning in Their Options Worthless paper. [CFO]
• FASB Stakes A Claim On Disclosure Of Litigation Contingencies – Let’s just go back to cash basis. Thoughts? [FEI Blog]
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Review Comments | 07.24.09
• Geithner urges end to ‘dumb regulation’ – “Tim Geithner, Treasury secretary, said there was “a lot of dumb regulation in our country” and urged lawmakers to act quickly in spite of resistance from the financial industry and other regulators to the administration’s plan.” [FT.com]
• California Senate Approves Budget Plan – “The California Senate early Friday approved a plan to close a $26 billion budget shortfall through steep spending cuts and a medley of one-time solutions and accounting moves.” Creative accounting, Cali? FTW! [WSJ]
• Buffett: I’m keeping my Goldman Sachs warrants – But thanks for asking. [Reuters]
• Madoff Trustee Battles Israeli Charity Over $4.7 Mln – “A charity for homeless and runaway Israeli children that lost money in Bernard Madoff’s fraud told a U.S. judge that the trustee liquidating the con man’s business wrongfully rejected its $4.72 million claim in the case.” [Bloomberg]
Review Comments | 12.15.09
• Why, Oh Why, Must Stimulus Come but Once a Year? – Namely, your tax withholding refund. Which you’re loaning to the government tax free for the rest of the year. [Tax Update Blog]
• Over 275,000 Federal Workers Are Tax Deadbeats – That seems about right. [TaxProf Blog]
• re: The Auditors Named One of 75 Best Business Blogs of 2009: Business Pundit – Congrats Francine! [RTA]
• The continuing Mary Kay Cosmetics con – “The reason why sites telling the “other side of the story” about May Kay is because the company’s success depends so heavily on half-truths, long-running myths, and outright deception.” [Fraud Files Blog]
• The Updated 990 – The Seminar Topic that won’t go Away (Thankfully!) [Nonprofit GPS]
• ‘Dreamliner’ Pilot: Composite Jet Is New, But ‘We Think We’re OK’ – Place your orders now. [NPR]
Review Comments | 12.16.09
• Swiss Report First Appeals Filed in UBS Tax Case – Two scofflaws from the pool of 500 want to talk this over some rocky nougat. [NYT]
• The Top Recession Lesson for 2010 – Plus, there’s a countdown clock to 4/15/10 already. [CPA Trendlines]
• Are We Asking for Future Problems? – “There are some wonderful masters programs in accounting. There are many, though, that don’t provide sufficient value for the extra buck being charged.” [The Summa]
• Tax Court Finds Thighmaster’s Tax Shelter Flabby – “[F]irm thighs only get you so far in Tax Court.” GTK. [Tax Update Blog]
• Fidelity fires four for playing fantasy football – You’ve been warned. [Star-Telegram]