• 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 | 12.09.09
• Tiger Woods Dilemma for Accenture – Cloud or Cancer? – There’s no dilemma from where we stand. [The Big Four Blog]
• Year-end Planning: Make Sure You Have Enough Basis to Deduct Your S Corporation Losses – Despite the Biblical weather in Iowa, Joe Kristan continues with the year-end tax planning series. [Tax Update Blog]
• Unleash the auditors? – We mentioned the Fed. How the hell has FASB managed to dodge the SCOTUS? [CFOZone]
• Tighter controls on wireless data usage coming for iPhones and other devices, AT&T exec warns – Abuse the new toys while you can, Deloitte grasshoppers. [CT]
Review Comments | 08.20.09
• ‘Cash for Clunkers’ to End Monday – “The move comes as the department tries to get an accurate accounting of how much money is left in the program, formally called the Car Allowance Rebate System.” Auditors needed? [WSJ]
• Benmosche Says He’ll Rebuild Units to Repay U.S. – That’s a bold statement. [Bloomberg]
• Harold Ramis Answers History’s Most Burning Question – “One Microsoft Excel owner recently speculated that Bill Murray’s character spent a total of eight years, eight months, and sixteen days reliving the same 24-hour period in Groundhog Day.” Okay, which one of you is wasting your billable hours on this? [Vulture]
• The problem with PowerPoint – Where do you start? [BBC]
• In a first, Starbucks lowers price of some drinks – Everybody breathe…Okay, got get one. [Reuters]
• Will Bank Regulators Diverge from GAAP? – Why the hell not? It’s not like anyone wants to converge with anyone else, anyway. [CFO]
Review Comments | 09.16.09
• Why Are We Working Late? – Leave your terrible excuses in the comments. Shake Shack or In ‘n’ Out better be involved. [The Onion]
• New Revenue-Recognition Rules: the Apple of Apple’s Eye? – Revenue recognition for iPhones. If you want the geek Steve Jobs fanboy version, that tries miserably to make fun of accounting, go here. [CFO]
• Where can you curse at your boss and not get fired? In another country: Spain – If you’ve tried and failed Stateside, leave the transcript in the comments. [NYDN]
• ACL Services Releases AuditExchange 2.0 – Don’t say we never tell you about anything useful. [it.tmcnet]
• Cuomo subpoenas 5 Bank of America directors – Someone make this thing stop. If we force Ken Lewis and John Thain to go toe to toe in a KY wrestling match, will everyone let it go? [Reuters]
• Citi to pay back U.S. when recovery more evident – But we could. We just don’t want to. Timing is everything, you know. [Reuters]