“[A]t Deloitte we began planning for the downturn and beyond in 2006. Not having a crystal ball, we didn’t anticipate such a violent contraction.”
~ Barry Salzberg, CEO of Deloitte.
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The PCAOB Is Pleased with How the Whistleblowing Has Gone
“We thought auditors and investors would like to have an avenue to report violations of accounting and auditing standards and financial fraud.”
~ Claudius Modesti, PCAOB Enforcement and Investigations Division director. Last year, the Board fielded 179 tips – a record – that alleged wrongdoing by audit firms and their employees.
HR 4213: Soon-to-be the Worst Tax Enactment of the New Decade?
“The S corporation tax increase in HR 4213 is a mess and should not be enacted.”
~ Joe Kristan, on the legislation that will hit small business with a 2.9% medicare tax increase.
Paul Hogan Is Pleased to be Back on U.S. Soil
“I have come to this great tax haven, the USA, where the IRS are gentlemen compared to our lot.”
~ Mick Dundee isn’t making a helluva lot sense but it’s fine, he’s still more or less a celebrity.