• 88% of senior financial executives believe positions of CEO and chairman of the board should be separate – The latest from the press release elves. [GT Press Release]
• California Dreaming in Congress – “California just jacked up its withholding rates to force people to overpay their taxes, because the State decided it needs the money more than the subjects do. Most people find this sleazy and outrageous, which means Congress finds it inspirational.” [Tax Update Blog]
• IAASB Alerts Auditors to Get Skeptical on Confirmations – Don’t worry, the PCAOB is on the case too. [Compliance Week]
• PwC off the hook over Satyam? Not so fast! – Dennis Howlett has questions about yesterday’s Satyam ruling. [AccMan]
• House Extends Jobless Benefits and Home Credits – Passed by 391 votes. Next stop: BO’s desk. [NYT]
Related Posts
Review Comments | 07.16.09
• Lawmakers End Questioning Of Sotomayor – “The Senate Judiciary Committee wrapped up Thursday its questioning of Supreme Court nominee Judge Sonia Sotomayor. Republican senators asked Sotomayor again whether she would rule on cases based on her beliefs, and she assured them she would apply the law and court precedent.” [NPR]
• Donaldson, Levitt Back FASB Off-balance-sheet Rules – “An ‘investors’ working group’ co-chaired by former Securities and Exchange Commission heads William Donaldson and Arthur Levitt Jr. has called for new Financial Accounting Standards Board rules on off-balance-sheet transactions and securitizations to be implemented ‘without delay.'” Without delay to the FASB means, sometime before the next decade. [CFO.com]
• Jamie Dimon on CIT’s Troubles – Natch, he’s cool with them biting the dust [DealBook]
Review Comments | 10.21.09
• Galleon to Begin Wind-Down of Funds – At least one person is optimistic. [DealBook]
• Tax (Return) Stories: F. Scott Fitzgerald – Apparently FSF was not so spendy. [TaxProf Blog]
• Pay Czar to Slash Compensation at Seven Firms – “Kenneth Feinberg, the Treasury Department’s special master for compensation, will lower total compensation for 175 employees by an average of 50%, these people said. As expected, the biggest cut will be to salaries, which will drop 90% on average.” Special master? [WSJ]
• The Top Five Twitter Feeds for Job Hunters in Accounting – Use it. And follow us while you’re at it. [FINS]
Review Comments | 11.10.09
• Tax Code as Swiss Army Scalpel – “It’s hard enough for the IRS to just correctly determine and collect the tax. Pelosicare is one more step in the transfromation of the IRS from a tax collector to a super-agency that shoves aside the cabinet officers nominally in charge of public policy.” [Tax Update Blog]
• ‘Unreasonable’ IRS Demands Squash Bunnymen Tour – Those wankers at the IRS have ruined November. [Web CPA]
• Ex-Managers of Bear Fund Not Guilty – Took the jury less than two days, DOJ. Try harder on the next one. [WSJ]
• GM Chairman Says IPO Timing Uncertain; Paying Debt More Important – Patience. We’ll get back to losing money for everyone just as soon as we can. [WSJ]
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