• 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]
Related Posts
Review Comments | 10.30.09
• Don’t forget to submit a caption for today’s contest. We’ll run the poll early next week.
• Are You Kidding Me? [Accounting Nation]
• Fuzzy Accounting Principles – Rules v. Principles[CFO Blog]
• SEC Office of the Chief Accountant Releases Staff Accounting Bulletin – Oil and gas people, get on it. [SEC.gov]
• BP Texas refinery hit with record safety fine $87 mil. [Reuters]
• In Transcripts, Madoff Called S.E.C. Exams ‘a Nightmare’ – “Mr. Madoff said that if the S.E.C. had asked for trading records or talked to the supposed counter-parties in his fake transactions, they would have found the fraud” [NYT]
Review Comments | 12.22.09
• The Goldman Sachs Coffee Conspiracy – Worse than Flavia? [Gawker]
• CIT’s CFO follows CEO in retiring – Submit your resumé now. [Reuters]
• How to choose a hedge fund manager – Probably works just as well as any other strategy. [Felix Salmon]
• SEC Charges Austin-Based Investment Adviser in Fraudulent Scheme Utilizing Football Stars – So go with talk shows, avoid jocks. Got it? [SEC Press Release]
Review Comments | 01.04.10
• Turbotax Timmy? Dancing Helio? Let’s Pick the 2009 Taxpayer of the Year! – There’s also the guy that said hookers were medical expenses. [Tax Update Blog]
• Tax Consequences of Extreme Philanthropy – Rick Warren’s reverse tithing sounds confusing. [TaxProf Blog]
• Levin apologises for $164bn AOL deal – It was just arguably the worst merger ever, it’s not like it brought down the entire economy or anything. [FT]
• CBIZ, Mayer Hoffman McCann buy South Florida firm – MHM functions as the audit arm of CBIZ and took the attest portion of Goldstein Lewin & Co. while CBIZ took the non-attest portion. [Kansas City Business Journal]
• Open Letter to the Securities and Exchange Commission: Conflicting Disclosures by Overstock.com Reveal Improper Audit Opinion Shopping – Sam Antar points out the gory details behind the Overstock.com/Grant Thornton blamestorming. Guess whose pants are on fire? [White Collar Fraud]
• H&R Block settles nationwide IRA lawsuit – Not such a good day for H&RB. [Reuters]