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Report: There’s Nothing Extraordinary About Sandy

Companies are unlikely to be allowed to classify damage from Hurricane Sandy as “extraordinary” for financial reporting purposes, but may consider including additional disclosures on how their businesses were impacted, according to a report from PricewaterhouseCoopers. “Neither the September 11, 2001 terrorist attacks nor Hurricane Katrina in 2005 were considered to be extraordinary from an accounting […]

Some Sage Post-Frankenstorm Advice From Peter Olinto

Assuming you still have a roof, get your lazy ass back to those books!

Congratulations Certain East Coast CPA Exam Procrastinators, You’re Off the Hook!

Emails should be going out to warn some of you on the East Coast not to head to Prometric to take exams you have scheduled for the next few days but we all know how stellar Prometric is when it comes to communication so here's your public service announcement. The following test centers are closed […]

Frankenstorm Updates: Accounting Firm Closures and One Guy’s CPA Exam Is Cancelled

As you may have heard, there’s a bit of a storm brewing on the east coast. Everything is more or less closed but if your firm is of the general opinion that the heavy stuff won’t be coming down for quite a while and there’s no reason you shouldn’t be at the office until the lights go out, please let us know (and some pictures might be nice).