“I don’t see that is on the horizon at all.”
~ Deloitte Global Chairman John Connolly, responding to UK lawmakers about the risk of a Big 4 failure.
Related Posts
Memo to IRS: Regulating Tax Preparers Is Not ‘Mission Critical’
- Caleb Newquist
- August 11, 2010
“We believe that the IRS has neither demonstrated the need for extending the non-signing preparer requirements to CPA firms nor that its proposed testing program merits shifting IRS resources away from other mission-critical programs.”
~ Thirty-one members of Congress sent a letter to Tim Geithner, asking TG, Doug Shulman & Co. to, pretty please, reconsider the requirement for non-signing CPAs.
Business as Usual at the SEC
- Caleb Newquist
- July 22, 2010
“The SEC at least knew of this issue and tried to inquire when they could.”
~ Don Whalen, AuditAnalytics.com’s director of research, is referring to the Commission’s knowledge of repurchase agreements used by various companies as early as 2004, but could easily be talking about Bernie Madoff.
Old Rich Guy Makes It Clear Where He Stands on Taxes
- Caleb Newquist
- October 6, 2010
“The question is, Do we get more money from the person that’s gonna serve me lunch today, or do we get it from me? I think we should get it from me.”