Friday Footnotes: Big 4 Bullying; Auditor Gets Boned; Where My Girls At? | 7.5.19

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Ed. note: Friday already? Yay! Here’s what you may have missed from around the Internets. If you’ve got a story to share, give us a shout. Have a wonderful weekend, you little lovelies you.

KPMG’s Head of Deal Advisory steps down amid ‘bullying’ storm [Consultancy.uk] KPMG’s UK Head of Deal Advisory has stepped down to take a leave of absence “in the wider interest of the firm”, following complaints regarding the way he spoke to colleagues. The move comes despite the Big Four firm having found Sanjay Thakkar’s behaviour “did not amount to bullying” during an internal investigation, something which seemingly caused two experienced figures to quit the firm in protest.

Jay-Z’s companies sue New York City licensing company for ‘colossal accounting scandal’ [AP] When Roc Nation entered into a brand partnership with Iconix in 2013, the defendant company was fabricating financial reports to falsely inflate its earnings, according to the suit filed Thursday in state court in Manhattan.

An auditor fucked up by failing to disclose he’d been screwing the guy he audited for 15 years [The Press-Enterprise] Meh, immaterial.

AICPA Survey: Business Executives Say Complex Financial Instruments Continue to Pose Risk [Yahoo] Some 55 percent of those surveyed expressed concern about financial instrument valuations.

Innovation in accounting: Why that’s not an oxymoron [Prairie Business] The one in which Eide Bailly humblebrags about being into computer things and stuff.

Congress approves IRS reform bill, drops Free File language [Journal of Accountancy] President Trump has signed the bill into law as of July 1.

Amazon turned 25 this month, some folks think it’s time they pay their fair share [Guardian] The Labour leader, Jeremy Corbyn, has sent a barbed birthday card to Jeff Bezos to mark Amazon’s 25th anniversary, wishing the company “many happy tax returns” and demanding it pays more UK tax, pays its staff better and improves working conditions.

Chicks rule at PwC [Financial Times] You might be impressed by just how many new partners at PwC UK are of the female persuasian.

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