Accounting News Roundup: If It Can Happen at Tesco…; Pot Taxes on the Ballot; Unused Vacation at 40-year High | 10.24.14

  Tesco and accounting Feeding the beast [The Economist]This sums it up nicely: "That Britain's premier retailer, one of the most widely held stocks that is followed by almost 50 analysts can restate...
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Accounting News Roundup: Things at Tesco Manage to Get Worse; More Firms Starting Family Offices; KPMG Strategy | 10.23.14

Tesco scraps profit outlook as accounting black hole deepens [Reuters]Well, this is unexpected: "Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes...
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Accounting News Roundup: Grant Thornton CEO’s Next Role; Bad Behavior at Tesco; SEC Audit Client Q3 Winners and Losers | 10.20.14

Grant Thornton LLP names Chipman senior vice chair [GT]SC will take the role in January when Mike McGuire succeeds him as CEO. Tesco accounting probe finds "inappropriate behaviour" by staff - reports...
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The Monthly Close: Grant Thornton Mayonnaise Sandwiches and Other Rejected Mascots

It's time once again for the ritual that is closing the books on Going Concern's prior month. Enjoy! By: [author-name] This article was syndicated via RSS from: http://goingconcern.com/post/monthly-close-grant-thornton-mayonnaise-sandwiches-and-other-rejected-mascots
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Accounting News Roundup: AbbVie Changes Mind on Inversion; Stop the ‘I’m SO Busy’ One-upping; Buffett’s ‘Huge Mistake’ | 10.16.14

AbbVie Board Recommends Shareholders Reject Shire Acquisition [DealBook]Treasury's move to discourage inversions appears to have worked in this case: "AbbVie and its board of directors made this determination...
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Survey: What Was the Salary at Your First Accounting Job?

If you remember, that is. Personally, I do. The job was with a boutique CPA firm and they offered, and I accepted, $43k. This was 2003.  I imagine most people vividly remember their first job's salary....
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Accounting News Roundup: KPMG Confesses Lack of Diversity; PwC Looking to Hire Some People; Bribing an IRS Auditor Still a Bad Move | 10.14.14

In Comcast Controversy, Fired Customer Won’t Get Job Back [PhillyMag]Let's play "Who's the liar?": "The dispute seems to boil down to this point: O'Rourke is accused of identifying himself as a PwC employee...
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Accounting News Roundup: Farewell to the Double Irish?; Another Development in Another OT Lawsuit; “Accredited Investor” Could Use an Update | 10.13.14

We're observing Canadian Thanksgiving so we'll be on an abbreviated schedule today. If you see anything worth our attention, email us at editor@goingconcern.com. Back to full speed tomorrow. Ireland...
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Footnotes: PwComcast Fiasco Continues; Putting the ‘EY’ in Seth Meyers; Giving Negative Feedback | 10.10.14

L-3 Reveals Subpoenas, Impact From Accounting Review [WSJ]   EY Global Public Policy Chief: 'The West Hasn't Got LGBT Rights All Figured Out' FYI. [IBT]   Comcast notified PricewaterhouseCoopers that...
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Belated #TBT: Thanks to Ibanez v. Florida Board of Accountancy You Can Proudly Advertise Your CPA *and* CGMA

  For those of you that can't bear the thought of only having three letters behind your name: This June marked the 20th anniversary of a U.S. Supreme Court ruling that remains of interest to the accounting...
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