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The goal was to streamline operations
“With S2K, greater financial transparency has led to better operational and financial decisions. In fact, since implementation, our company sales and profit margin have increased respectively by an average of 20% and 23% per year between 2003 a…
Cloud Accounting Offers Protection Against Fraud
One of the biggest myths about cloud accounting services is that they offer no fraud protection. You may even have heard some claims that outsourcing cloud accounting services puts your company in greater jeopardy of fraud than it would normally be exposed to. The truth is, there’s far more fraud protection offered by third party [...]
Big 4 Firms Are Totally Down with China Locals Taking the Wheel
As you may have heard, the Chinese government has told the Big 4 that they only homers running their audit firms that are located within the Big C. While you might think that this might be problematic – what with all the troubles over there - the Big …
IRS: Facebook Co-founder Is Gonna Take Off Now
So to speak. Bloomberg reports that Eduardo Saverin has renounced his U.S. citizenship ahead of Facebook’s IPO. This has a number of obvious advantages – the lack of Kardashians, Nickelback, and NBA playoffs to name a few. But also, there are the tax …
Let’s Speculate About: Joe Echevarria’s Rumored Meeting with the SEC
Earlier today we were informed that Deloitte CEO Joe Echevarria was a commencement speaker at the University of Miami, his alma mater, this morning. A quick search confirmed Joe E’s gig, however, our tipster had this to add: Said he had just come fro…
BDO Joins the Auditor Resignation Party
The firm has had about all the fun it can handle trying to audit Chaoda Modern Agriculture.In a statement Thursday, Chaoda said that in a letter on Apr. 26, BDO said that despite continuing with the audit for a prolonged period, it was not in a positio…
Promotion and Bonus Watch ’12: Here’s a Confidential Guide for PwC’s Performance Review Process
Early last week we kicked off the compensation season 2012 discussion, thanks to the anxiety that is circling among the rank and file of accounting firms.Along with concerns over cold hard cash, some of you are probably curious about promotions. Luckil…
A Young Reader Requests the Lowdown on Santa Clara University’s Accounting Program
Are you considering wasting my time instead of wasting your own when you should be studying for the CPA exam? Do you get off on degenerates criticizing you? Just need a good old fashioned AG talking to? Get in touch and I’ll help you procrastinate by a…
ANR: Risks Remain Even if China Goes Local; Is It Getting Personal Between SEC and Deloitte Shanghai?; Maybe Obama Can Evolve on Taxes, Too | 05.11.12
J.P. Morgan’s $2 Billion Blunder [WSJ]A massive trading bet boomeranged on J.P. Morgan Chase JPM +0.25% & Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon, with a rare black eye following a long …
Supplier Lead Time and Inventory Stock Levels
There have been numerous opinions written about Supplier Lead Times, Just-In-Time inventory, Safety Stock, Inventory Levels, Consignment Inventory, Forecasts and of course systems to manage the whole inventory cycle. What is important? What are …
