• Hong Kong Police Raid Ernst & Young Office in Akai Audit Probe – Seems that they were to arrest individuals taking home office supplies for personal use. [Bloomberg]
• SEC told to aggressively assess tips after Madoff – As opposed to passively assessing them, which has been standard operating procedure at the Commission for years. [Reuters]
• Tax Court: CPA’s Google Search Does Not Constitute Reasonable Cause to Avoid Penalty – The Internet does not trump the IRC. [TaxProf Blog]
• Senate Committee Rejects Public Option for Health Overhaul – You’re either thrilled or completely pissed. [WSJ]
• Reznick Group Launches New SAS 70 Website – For you serious types. [Press Release]
• Stanford fails in bid to access insurance – Unfortunately for Stan, there’s no exchange rate for Lucky Strikes. [FT]
Related Posts
Review Comments | 09.24.09
• IRS Extends Grace Period On Small Business Penalties – “The IRS announced in July it would suspend efforts to collect those penalties through Sept. 30, in order to give Congress time to pass legislation shielding business owners from some of the penalties.” [WSJ]
• Twitter Lines Up New Financing – Get it over with. Follow us. [WSJ]
• “Wait! I Was Just Getting Started…” – A Response From Professor Kelly Pope – Of DePaul University in Chicago [RTA]
• 2010 State Business Tax Climate Index (Seventh Edition) – Some Dakota is #1, Dick Cheney Land is #2; CA #48; New York #49; New Jersey #50. [The Tax Foundation]
• Twitter, the new Reuters witness – Whatever works. [FT Alphaville]
• How Safe Is Your College? [The Daily Beast]
Review Comments | 11.09.09
• Cadbury Sneers at Kraft’s Hostile Bid – Cadbury is not about to accept such a ‘derisory’ offer of $16 billion. [WSJ]
• Not Music to Most People’s Ears – Rats are invading your city. [Financial Armageddon]
• AIG Will Be Able to Repay Fed Loan, Moody’s Says – It’s fair to point out that Moody’s also said that AIG was AAA. [Bloomberg]
• Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor – Federal data is bupkis? The horror. [NYT]
Review Comments | 11.05.09
• 88% of senior financial executives believe positions of CEO and chairman of the board should be separate – The latest from the press release elves. [GT Press Release]
• California Dreaming in Congress – “California just jacked up its withholding rates to force people to overpay their taxes, because the State decided it needs the money more than the subjects do. Most people find this sleazy and outrageous, which means Congress finds it inspirational.” [Tax Update Blog]
• IAASB Alerts Auditors to Get Skeptical on Confirmations – Don’t worry, the PCAOB is on the case too. [Compliance Week]
• PwC off the hook over Satyam? Not so fast! – Dennis Howlett has questions about yesterday’s Satyam ruling. [AccMan]
• House Extends Jobless Benefits and Home Credits – Passed by 391 votes. Next stop: BO’s desk. [NYT]