Footnotes: Tell Us How You Really Feel; McGladrey Questions; No Inversion for You | 10.24.14

Why Tax Lawyers and Tax Economists Can’t Communicate [Tax Policy Center] BP Threatens Suit over McGladrey’s Audit of Deepwater Horizon Oil Spill Claims BP has some concerns that McGladrey might be...
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Florida Auditor Busted by SEC For Failure to Rotate

Come ON, man. This isn't even worth getting in trouble for. The Securities and Exchange Commission today sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead audit...
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Meet the Guy Who Prefers Falafel Over PwC

For five years, Mitan Sachdev worked in risk assurance for PwC across the pond, conducting control assessments and other such excitement. Like most of you, he dreamed of a better life, so one day he just...
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McGladrey’s PCAOB Inspection Report Is the Least Embarrassing Thing About McGladrey

We were too busy yesterday making AS5 jokes about KPMG to talk about McGladrey's 2013 PCAOB inspection report, which was released at the same time. McGladrey is used to warming the bench over Big 4 firms...
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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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Office 365 Promises Greater Data Security, Theft Protection

Despite the progress Microsoft is making with Office 365, its claim to universality won’t stand up until it gains traction with government and public bodies. Microsoft obviously understands this.While...
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Footnotes: Lots of People Nothing Like You; Pranks; All Settled Up | 10.23.14

A Sikh family claims KPMG is holding on to their special stuff [Sikh24] Rengan Rajaratnam Agrees to Settle Insider Trading Charges $840k? That's nothing [SEC] Audit Room Pranks [Reddit] Er, that's kinda...
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PCAOB Inspection Report Hands KPMG Its AS5

Oh, man. The last remaining Big 4 inspection report of 2013 was released by the PCAOB today and we are proud to be the first to tell you, KPMG did not come in last as the haters might have expected. For...
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Think of the Tax Preparers, John Boehner!

The tax code is way too complex, you guys. But House Speaker John Boehner has a solution, and it means putting every Liberty Tax sign spinner back in the unemployment line: RT if you agree: Americans should...
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#TBT: This Is What an Auditor’s Laptop Bag Looked Like Back in the Day

Says EY on Pinterest: "The ordering box that accountants would use to carry around documents. It contained the official firm stamp that auditors must use to stamp all documents to indicate that the firm...
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