One of the best things about working at a Big 4 firm is that for virtually every problem you encounter, you can dial up an internal hotline and get some help. Computer acting up? There’s a hotline. Forget the basic accounting equation? There’s a hotline. Partners passing along illegal information about PCAOB inspection plans? Um, […]
Here's a doozy. The Pittsburgh Post-Gazette reports that PPG Industries may sell its flat glass business to Mexico-based Vitro, SAB de C.V. This according to "a document obtained by" the paper: A PPG spokesman this afternoon declined to comment on a possible sale, which is mentioned in an undated reference contained in a draft copy […]
Audit firms still seem to be getting used to having a regulator that watches their every move. Or failure to move in the case of BDO Auditores, SLP (aka "BDO Spain"). [T]he Firm became a respondent in two separate disciplinary proceedings initiated by the Instituto de Contabilidad y Auditoria de Cuentas ("ICAC"), the foreign auditor […]
Here's an unfortunate situation that hopefully none of you ever have to go through: The accountant for a U.S. company recently received an e-mail from her chief executive, who was on vacation out of the country, requesting a transfer of funds on a time-sensitive acquisition that required completion by the end of the day. The […]
It was quite a few more than that, actually: The IRS reported in May that cyber crooks used stolen Social Security numbers and other data acquired elsewhere to try to gain unauthorized access to prior-year tax return information for about 225,000 U.S. households. That included about 114,000 successful attempts and 111,000 unsuccessful ones. On Monday, […]
This suspect was spotted at University of South Carolina: Wonder if GT is in the market for a proofreader?
Get it together, This Way to CPA! I'm trying to think of a waythis may have beenintentional but… nah.
Accounting giant Deloitte & Touche will pay a $2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the U.S. audit watchdog said Tuesday. The Public Company Accounting Oversight Board, the body that polices auditors, said the fine matches a record penalty imposed […]
Call this is a GT service announcement (or something). A tipster informed us a little while ago that there were a couple of Purple Rose of Chicago audit opinions floating around that have an unfortunate typo. Titan International and Gentherm, Inc. filed 10-Ks in 2013 with Grant Thornton's name spelled wrong on the opinion – spelling it […]