PA CPAs Suggest Liquor Stores Be Privatized, Less Enthused About Legal Marijuana

Sixty-nine percent of CPAs suggested privatizing liquor stores as the best measure to close the Keystone State's deficit. Only 27% of them like the idea of legalizing marijuana. Considering the puritanical...
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Accounting News Roundup: PCAOB Making a List, Checking It Twice; Fat Shaming at the Office; Should You Ditch the Holiday Party? | 12.17.14

Corporate Audits to Get Wider Review [CFOJ]Helen Munter, the PCAOB's director of registration and inspections has a list: "environmental risks, international tax and the estimated value of corporate investment...
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Accounting News Roundup: American Realty Capital Spirals; Rothstein Kass and KPMG Have Some Loose Ends; SEC vs. China Drags On | 12.16.14

American Realty Capital Chairman Nicholas Schorsch Resigns [WSJ]CEO David Kay and COO Lisa Beeson are stepping down, too. Prognosis? Not good: " 'It’s unprecedented to have three top executives at one...
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Accounting News Roundup: SEC Jabs PCAOB; Ex-PwC Auditor Charged for Luxembourg Leaks; Deloitte’s First Female CEO Down Under | 12.15.14

SEC: Accounting Board Is Dragging Feet [WSJ]Regulatory sniping! "Three senior SEC officials publicly took issue with the Public Company Accounting Oversight Board at a conference last week. They suggested...
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Accounting News Roundup: KPMG’s Revenues; Gilmore Girls Guy Sues CohnReznick; What If You’re Smarter Than Your Boss? | 12.12.14

KPMG International Achieves Record Revenues [AT]Seems respectable: "KPMG International said it realized record revenues globally of US$24.82 billion for the fiscal year ending Sept. 30, 2014, a 6.3 percent...
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Accounting News Roundup: PwC Accused of Being a Tax Avoidance Factory; Inversions’ Heyday; McGladrey Acquires Fesnak | 12.09.14

PwC sold ‘tax avoidance on industrial scale’ [FT]This sounds fun: "MPs accused a firm of accountants of 'selling tax avoidance on an industrial scale' on Monday after a tense parliamentary hearing...
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Accounting News Roundup: Audit Risks; Astronaut Tax Issues; More Productive Mornings | 12.08.14

7 risk areas for the 2014 audit cycle [JofA]In case your team is out of ideas. Nobody escapes U.S. taxes - even astronauts [CNN]They cut this scene from Ron Howard's movie: "Taxes have long stressed out...
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Accounting News Roundup: Economy Feel Good, People Feel Bad; PCAOB Taking Another Stab at Auditor Report; Workspace Decorations | 12.05.14

U.S. Payrolls in November Grew 321,000; Jobless Rate 5.8% [WSJ]This sounds good: "Nonfarm payrolls rose a seasonally adjusted 321,000 last month, the strongest month of hiring since January 2012, the...
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Accounting News Roundup: Some Irony for Deloitte in Hack Attack; Mike Lynch Still Battling HP; What Is Predictive Accounting? | 12.04.14

Sony Pictures and F.B.I. Widen Inquiry Into Hackers’ Attack [NYT]Interesting little nugget here: "Four months ago, Deloitte sponsored an article in The Wall Street Journal about how companies can more...
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Accounting News Roundup: Faster Audit Fee Disclosure; Wake Forest CPA Success; Crowe Horwath Hits Miami | 12.03.14

Faster Disclosure of Audit Fee Increases Helps Investors Assess Company Trouble Earlier [AT]Nicole Thorne Jenkins of the University of Kentucky, Karl E. Hackenbrack of Vanderbilt University and Mikhail...
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