January 22, 2022

When accounting goes unaccounted for

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Friday Footnotes: Canned Deloitte Manager Goes Off; Disrespectful Clients; Audit Smackdown | 1.21.22 Don’t F*ck Up, EY Luxembourg Recruits, or Erny Is Gonna Get Ya TIL Doing Porn Is (Probably) Not Considered an Act Discreditable to the Profession (Side Hustle, Anyone?) PwC’s UK Head Kevin Ellis Is Unhappy—There Could Be Relief KPMG UK’s Piss-Poor Auditing Is Once Again Coming Back to Bite Them In the Ass

MDC Partners

Financial Reporting

SEC Fines Company for Failing to Mention That They Paid for CEO’s Lavish Perks (and Some Non-GAAP Stuff, Too)

by Caleb Newquist

Normally I'd reserve mis-adventures in non-GAAP accounting for the news roundup, but it's not every day that an SEC order includes this: MDCA is New York-based marketing company MDC Partners and gosh, how do you fail to disclose the cosmetic surgery? Everything else is pretty standard fare as far as extravagant perks go, but if […]