• Judge Allows CIT to Borrow Up to $500 Million – They promise not to mess it up this time. [DealBook]
• EADS Braces Itself for Insider-Trading Trial – Someone that isn’t you knew those Airbus A380s weren’t going to be ready. [WSJ]
• Being A Bank CEO Worked Out Pretty Well For Jim And Dick – Failure pays. [DB]
• Macy’s Promoting Blenders Signals Reluctant Consumer – Or maybe people really do want blenders. [Bloomberg]
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Review Comments | 10.09.09
- Caleb Newquist
- October 10, 2009
• GC October Survey – A chance for a $100 AMEX gift certificate people. Get on it.
• $100 million settlement for bankrupt Phila. lender – American Business Financial Services is bankrupt. Now the trustee wants BDO to pay $962 million. Ouch. [Philadelphia Inquirer]
• Internal Audit Staff Hit Hard by Recession [Web CPA]
• Corporate bully of the day: Hertz – Audit Integrity called out Hertz. Hertz sues Audit Integrity. That’s mature. [Felix Salmon/Reuters]
• FASB Finalizes New Revenue Recognition Rules – Yes, the wait is over. [Compliance Week]
• Tax Consequences of President Obama’s Nobel Prize [TaxProf Blog]
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Review Comments | 11.24.09
- Caleb Newquist
- November 25, 2009
• AICPA Objects to ‘Reckless’ Behavior Bill – Barry Melancon, on the Hill, earning the dollar. [Web CPA]
• Accused Ponzi schemer Petters’ case goes to jury – The effectiveness of the cocker spaniel defense will live and die on this trial. [Reuters]
• Sarbanes-Oxley For Everyone: To Be Or Not To Be? (With Postscript) – One GC contributors point of view on small company SOX compliance. [RTA]
• Sarbanes Oxley Logic and the Paper Tiger – And another. [Accounting Nation]
• ‘Bought’ Isn’t the Same as ‘Place in Service’ – Section 179 and depreciation discussion. Go tax people! Go! [Tax Update Blog]
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Review Comments | 12.29.09
- Caleb Newquist
- December 30, 2009
• ‘Girls Gone Wild’ Founder Sues IRS – The newly crowned Douche of the Decade is in a litigious mood. After threatening to sue Gawker for the prestigious honor he was bestowed, DOTD is now suing the IRS for freezing his assets. Will someone stop to this man douche?[Web CPA]
• Bill Would Require Comptroller General to be a CPA – Now there’s an idea. [Web CPA]
• Lehman administrators PwC repay $11bn to creditors – Seems like good news. [BBC]
• 2010: Get Ready for a Tax-a-palooza – “Facing trillions of dollars of expiring Bush-era tax cuts, President Obama and Congress will be forced to make some critical decisions in the new year.” [Tax Vox]
• SEC Seeks PAFs: Jan. 13 Deadline – Professional Accounting Fellows. You. [FEI Financial Reporting Blog]
• Let’s Talk About the Terrorist Underpants, Shall We? – Yes. Let’s. [DI]
• Revealed: How Oscar Nominee Ballots Are Counted – Because we know you were wondering. [The Wrap]
• Tax Court Channels Kenny Rogers – Raj isn’t the only fan. [Tax Update Blog]
• Shareholders Win Settlement in Comverse Suit – Deloitte pitched in $275,000. That’s roughly the equivalent to one partner’s Starbucks budget. [Web CPA]
• Bouncing Back: Overcoming a Negative Performance Review – Anyone? [FINS]
• Tax Accountants to Get Biggest 2010 Raise – Good news already! [TaxProf Blog]