• 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]
Related Posts
Review Comments | 12.03.09
• JDA rolls in with >75 tomorrow so if you’ve got any questions on the CPA Exam, send them to our tips mailbox.
• International Accounting Standards Board has “disgraced itself,” says critic – Can you say that about a knight? [CFOZone]
• Its Future in Limbo, the PCAOB Asks for More Money – Gotta pay those board members. [CFO]
• Hairy Issues: Are You Flaunting Your Heavage? – The Journal does it again. [DB]
• Judge ends Enron shareholder lawsuit against banks – Eight years after the E went down, investors have recovered approximately 30 cents on the dollar. [Reuters]
• Tax Court Allows Nurse to Deduct Cost of University of Phoenix MBA – ‘An MBA degree is different from a degree that serves as foundational qualification to attain a professional license. For instance, this Court had denied deductions for law school expenses, because a law degree qualifies a taxpayer for the new trade or business of being a lawyer.’ [TaxProf Blog]
Review Comments | 07.21.09
• Bernanke Sheds Light on Exit Strategy – “Federal Reserve Chairman Ben Bernanke shed light Tuesday on the toolkit the central bank can employ to unwind its crisis measures, but he made clear to lawmakers that the economy remains too weak to start tightening monetary policy.” Better than no exit strategy [WSJ]
• CIT Expects Loss of $1.5 Billion, May Seek Bankruptcy – “CIT Group Inc., the 101-year-old commercial lender seeking to avoid collapse, said it expects to report a loss of more than $1.5 billion for the second quarter and may need to file for bankruptcy if it’s unable to tender for notes maturing next month.” [Bloomberg]
• Apple’s quarterly profit tops forecasts – The good results… [Reuters]
• Yahoo sees drop in income from operations this quarter – …and the bad. [Reuters]
• Which Of Alan Greenspan’s More Quotable Quotes Will Bite Him In The Ass On The Big Screen? [DealBreaker]
• The Goldman Way to Celebrate: a Parody – Well played LB. Well played. [DealBook]
Review Comments | 10.28.09
• Auditing Firms Should Pay Closer Attention to Spreadsheets – That’s according to a person who is no an auditor. [Web CPA]
• McKinsey Begins Internal Probe in Galleon Case – According to McK, this their first problemo with securities law violations. Traditions are meant to broken anyway. [WSJ]
• House Plans to Roll Out Its Health Care Bill on Thursday – Please end this. [Prescriptions/NYT]
• Picard says $21.2bn lost in Madoff schem – That’s not so bad. [FT]
• Sam Zell: ‘With some reasonable luck,’ Tribune Co. will exit bankruptcy in early 2010 – We’re disappointed, Sam. [CT]
• CIT Takes $4.5 Billion Loan, Shunning Icahn Offer – CIT “wasn’t confident in the solidity of Mr. Icahn’s proffering”. [DealBook]