Please ensure Javascript is enabled for purposes of website accessibility

Footnotes: Save the Date for the SEC; Where the Ladies At?; GT’s UK Plans | 03.24.14

Posted on by Adrienne Gonzalez

Grant Thornton will be hosting the "Cracker from Caracas" in Dublin this week [Irish Times]

Didya know: the cloud is New Zealand's third biggest export [Reuters]

Former acting IRS commissioner Danny Werfel has moved on to greener pastures [AT]

I will unfortunately be in meetings and traveling that day, but you might be interested in checking out the SEC Cybersecurity Roundtable on Wednesday [SEC]

Caterpillar Previews Tax Defense for April Senate Hearing [Bloomberg]

Former Madoff associates found guilty of fraud [Reuters]

Scott Walker just made Grover Norquist's Monday [Milwaukee Journal Sentinel]

No, you can't tweet the IRS with your 1040 [Forbes]

PCAOB board member Jeanette Franzel wants to know where da chicks at? [PCAOB]

Grant Thornton looks to the cloud to grow in the UK [ComputerWeekly]

Heyyyyy pretty soon you will be able to chat with the person sitting right next to you using your iPhone with NO CELL SIGNAL! THE FUTURE! [Gizmodo]

 

Related Posts

Reminder: Daylight Savings Time is an Excellent Opportunity to Rip Off Clients

If you are one of those strange people who still has to set your clocks […]

Grant Thornton Loses Its Fire in Letter to the SEC

Thumbnail image for Thumbnail image for Grant-thornton-logo.JPGDespite getting all bent out of shape in their earlier statement:

“The fraud was apparently conducted by a longtime, trusted senior financial executive who was hired and supervised by senior management,” a Grant Thornton spokeswoman said Tuesday. “The company (Koss) did not engage Grant Thornton LLP to conduct an audit or evaluation of internal controls over financial reporting. Establishing and maintaining effective internal control is management’s and the board’s responsibility.”

Grant Thornton is less enthused in their letter to the SEC:

We have read Item 4.01 of Form 8-K of Koss Corporation dated January 4, 2010, and agree with the statements concerning our Firm contained therein. We have no basis to agree or disagree with the statements and conclusions in Item 4.02(a), some of which were not disclosed to Grant Thornton LLP prior to receipt of this filing.

The only thing we read here that might be a dig at Koss is “some of which were not disclosed to Grant Thornton LLP prior to receipt of this filing.” If this is intended to be the firm’s version of the finger — straight up, at you Koss — the passive-aggressiveness is at a level that even impresses us.
At least in the Overstock letter the firm flat out called Pat Byrne and his company liars. This latest opportunity to lay the smackdown on a client in a regulatory filing seems to have been squandered.