Ernst & Young Latest Big 4 Firm to Have Part II of PCAOB Inspection Report Released
Okay, remind me -- there's a saying about "three" and "trend" or "pattern" or something? Forget it, not important. What is important -- at least we've made the argument that it is -- is that the PCAOB...
Accounting News Roundup: More on Apple’s Tax Rate; Europe Tries to Shake Haven Stigma; Amazon vs. Texas | 05.23.13
Apple Tax Rate Ignores Profit Shifting Offshore [Bloomberg]Apple Inc. (AAPL) Chief Executive Officer Tim Cook provided a figure to Congress on Tuesday that U.S. companies rarely disclose: its federal tax...
Footnotes: Forgotten IRS Scandal Facts; CFOs Pulling Back on Hiring; Ways and Means Wants Your Stories | 05.22.13
Six Facts Lost in the IRS Scandal [ProPublica]
CFOs Lower Hiring Projections [AT]
Ways and Means seeks more IRS tales [The Hill]
EU leaders talk tough on tackling Amazon, Google over taxes [Reuters]
Internal...
The SEC Manages to Get Softer on Big 4 Audit Firms
Incredibly, the SEC has done something I didn't think was possible. It has, in its implicit blessing of Herbalife's selection of PwC as auditor, given the Big 4 and other audit firms more leverage in future...
Lois Lerner Knows What You People Are Thinking
"I have not done anything wrong. I have not broken any laws. I have not violated any IRS rules or regulations," Lerner, the head of an IRS division overseeing tax-exempt groups that targeted conservative...
Accounting News Roundup: Don’t Forget, It’s Not Just Apple!; Moss Adams Ordered to Pay After Contempt Ruling; Leave the IRS Alone | 05.22.13
Google Joins Apple Avoiding Taxes With Stateless Income [Bloomberg]The shifting of profits by multinational companies is costing the U.S. and Europe at least $100 billion per year in lost tax revenue,...
Footnotes: Public Companies, Public Tax Returns?; Lerner Will Take the Fifth; Tea Party Protest Not Too Much | 05.21.13
Why public companies should have public tax returns [Felix Salmon]
Lois Lerner will invoke her Fifth Amendment privilege. [LAT]
New Accounting May Prompt Shift to Short-Term Leases, Fitch Says [Bloomberg]
Deloitte’s...
Tim Cook Is Sorry He’s Not Sorry
Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate...
Acting IRS Commissioner Admits That Planting a Question About Reviewing 501(c)(4) Orgs at a Sleepy Tax Conference Wasn’t Such a Great Idea After All
Under less-than friendly questioning from members of the Senate Finance Committee Steven Miller was all, "Yeah, that was my bad."
“I will take responsibility for that,” Miller said, expanding on...
Acting IRS Commissioner Admits That Planting a Question About Reviewing 501(c)(4) Orgs at a Sleepy Tax Conference Wasn’t Such a Great Idea After All
Under less-than friendly questioning from members of the Senate Finance Committee Steven Miller was all, "Yeah, that was my bad."
“I will take responsibility for that,” Miller said, expanding on...
