• Obama and Buffett May Be Distant Cousins – So there’s that. [NYT]
• Continuing The Conversation: If Auditors Weren’t There, Why Not? – “If no one but me asks, since no one cares, then what are we doing here?” [Re: The Auditors]
• Christmas Gift Ideas for Accountants & Auditors – A “genuine and truly useful list” that will help you avoid the ‘Accountants do it with Double Entry’ t-shirt. [The Accounting Nation]
• Wells Fargo’s TARP Plan Brings End to Bailout Era – Oh, so it’s an “era” now? [DealBook]
• Four Cups of Coffee or Tea Daily Lowers Diabetes Risk – Just keep the breath freshener handy. Thanks. [Bloomberg]
• Christmas Gifts for that Special Tax Person – For the accountant who also enjoys the occasional WWE event. [TaxProf Blog]
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Preliminary Analytics | 12.11.09
- Caleb Newquist
- December 11, 2009
• Deloitte appoints new climate change chief – Kiwi Nick Main is the new HMFIC. [Accountancy Age]
• Loopholes Lurk in Bank Bill – “Referring to USAA, House Financial Services Committee Chairman Barney Frank (D., Mass.) said the House has ‘been supportive of them and the US military. There’s no remote prospect of them being a problem.’ Lawmakers wouldn’t identify the lawmaker who requested the exemption.” [WSJ]
• Boeing says Dreamliner could fly on Dec 15 – Just feeling it out. No word on the debut with crying babies and obese passengers. [Reuters]
• Craigslist Founder Says eBay Reneged on Promises – Specifically you, Meg Whitman. [AP via NYT]
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Preliminary Analytics | 12.14.09
- Caleb Newquist
- December 14, 2009
• H.R. 4173, Summary of Accounting and Audit Related Provisions – Lots to digest here but it’s all important, including a possible GASP name change for the PCAOB. [FEI Financial Reporting Blog]
• Invitation to a Conversation: If the Auditors Were Missing from the Financial Crisis — Let’s Ask Why – Jim Peterson doesn’t mince words: “The simple if depressing reason is that their core product has long since been judged irrelevant. The standard auditor’s report is an anachronism — having lost any value it may once have had, except for legally-required compliance.” [Re: Balance/Jim Peterson]
• Accenture Makes Right Decision, Drops Tiger Sponsorship – The awkward inappropriateness of the whole situation is now hitting T. Dubs in the wallet, as Accenture jumps into the “your services are no longer needed” camp. He won’t starve. [The Big Four Blog]
• Open Letter to the Securities and Exchange Commission (Part 5): Issuer Retaliation Complaint Against Overstock.com – Patrick Byrne’s attempt to develop his own Richard Nixon-esque enemies list has been met with fierce resistance. [Sam Antar/White Collar Fraud]
• CPA firms face pricing pinch – “After years of gains since the government started keeping track in December 2003, overall prices for CPA firm services plummeted with the onset of recession in December 2007.” [CPA Trendlines]
• Citigroup to Repay $20 Billion of Government Bailout – $25 bil to go. Get on it. [Bloomberg]
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Preliminary Analytics | 09.03.09
- Caleb Newquist
- September 3, 2009
• Treasury Retreats From Standoff With TARP Watchdog – “Neil Barofsky, special inspector general for the Troubled Asset Relief Program, a position also known as Sigtarp, declared victory Wednesday in his effort to clarify that he doesn’t answer to Treasury Secretary Timothy Geithner.” [WSJ]
• Oracle Faces In-Depth EU Probe Over Sun Purchase – Larry Ellison will not stand this aggression. [Bloomberg]
• Will AIG Rein In Its Brash CEO? – “Mr. Benmosche said New York Attorney General Andrew Cuomo ‘doesn’t deserve to be in government’ and that Mr. Benmosche would leave dealing with ‘all those crazies down in Washington’ to the company’s chairman, according to an account by Bloomberg News that was confirmed by Mr. Benmosche.” For the sake of the rest of us, let the man say his piece. [WSJ]
• Stanford Has Surgery; Receiver Defends $27 Million Fee – “Jailed fraud defendant R. Allen Stanford had surgery for an aneurysm in his leg Wednesday morning and was back in a Conroe-area prison before noon.” Recovery time for a stud such as Stan is not nearly as long for you mortals. Meanwhile, the receiver in the case is telling the SEC to BTFO. [Houston Chronicle]
• Stanford’s Bellagio debt, redux – Stan’s attorney suggests that if the Bellagio wants its money it should go after the aforementioned receiver, Ralph Janvey. Old school style of course, ‘Maybe the Bellagio should revert to the time-honored method of Vegas debt collection and send someone to make the receiver an offer he can’t refuse, or just break his legs,’ or may we suggest a hammer? [FT Alphaville]