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June 1, 2023

When accounting goes unaccounted for

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KPMG Gets Sued, Accused of Allowing Pirate-Like Activity at Credit Suisse Promotion Watch ’23: The Baker Tilly Partner Bench Is Now 44 People Deeper House Speaker Kevin McCarthy Celebrates Defunding the Agents the IRS Wasn’t Gonna Be Able to Hire Anyway Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23 PwC Australia is Very Very Sorry, You Guys

Christmas

KPMG

Oh No, KPMG U.K. Senior Executives Might Not Be Able to Afford Christmas This Year

by Jason Bramwell

I’m sure all you KPMG U.K. grunts are heartbroken over this news: After all that’s gone wrong at KPMG over the past year, its UK leadership probably didn’t expect big bonuses. Still, after the hard graft of trying to engineer a turnround, a £6m pay cut is going to hurt nonetheless. The 25 senior managers […]

Audit

ParenteBeard’s “Audit” of Santa Is as Reliable as Santa Himself

by Greg Kyte

ParenteBeard, the 23rd largest CPA firm on the whole damn planet, issued the following press release earlier this month. This holiday season, ParenteBeard, a top 25 U.S. accounting firm, is helping to balance the books of what would be the largest nonprofit in the world: Santa, Inc. […] ParenteBeard began its audit of Santa, Inc. […]

Tax

It Appears That Both John Boehner and President Obama Are Prepared to Ruin Christmas for the Payroll Tax Cut

by Caleb Newquist

Speaker of the House John Boehner and President Obama spoke on the phone earlier today and both men seem pretty eager to get something accomplished re: the payroll tax cut. The Hill reports that Boehner reportedly told Obama, "Let’s get this done today,” while White House spokesman Jay Carney later said, "The ball is in the […]

Tax

President Obama Just Might Ruin His Family Christmas for the Payroll Tax Cut

by Caleb Newquist

That’s what Harry Reid is saying anyway. I’m not a parent, so I’m not exactly sure how a man would explain to his daughters that they’ll have to spend Christmas on the beach without Dad but he can always Skype in from the West Wing, or he could take the Paul Ryan approach. [Reuters]