August 18, 2018

press releases

The SEC Put Out Its 2015 Highlight Reel

The SEC's fiscal year wrapped on September 30, so naturally, they wanted to take a victory lap with their enforcements results. Among the accounting and auditing highlights brought up are: Computer Science Corporation's manipulation of "accounting models that artificially increased its profits but had no basis in reality." Deutsche Bank's overvalued derivatives that exposed them […]

Deloitte Employees Have an Excused Absence

Today, Deloitte extends its tradition of issuing a press release stating that their employees are volunteering without having to make up a story to get out of work. Your indulgence is appreciated. [Deloitte]

FAF Throws Aside Accounting Standards to Announce “The Best Press Release Ever”

Looks like happy hour started a little early in Norwalk today, as what was supposed to be a test email went out to subscribers of FAF's Action Alert as if it was a real press release: Kip later issued an apology. We Betz he did, har har.  

PwC Ups Its Disruption; Gets on Gmail

Rejoice, PwCers, you all are joining the late 20th century!

Why Do Accounting Firms Feel the Need to Vigorously Defend Themselves?

The other day, news came out that a class action suit had been filed against KPMG. I know, I know, it's like every other week some accounting firm is getting sued for something. Of course, KPMG wanted to make it clear that they would "vigorously defend" themselves in court: Siskinds LLP, Siskinds Desmeules and JSS […]

The PCAOB Is Looking For a Few Good SAGs

Full press release is below as we don't care enough about this to spend an hour rewriting it: Washington, DC, May 1, 2014 — The Public Company Accounting Oversight Board is soliciting nominations for its Standing Advisory Group (SAG) for the 2015-2017 three-year term. The deadline for submissions is June 30, 2014. The Board is […]

Herbalife Making Moves to Become Honey Badger of Investigations

Herbalife isn't having a great time but it's fine. No really, it's fine. First, they had to squash some rumors a few days ago with this press release: We have no knowledge of any ongoing investigation by the DOJ or the FBI, and we have not received any formal nor informal request for information from […]

If China Won’t Play, the PCAOB Will Find Someone Else to Play With

Keep holding out, China, the PCAOB don't need to check your stinkin' work anyway: Washington, DC, March 31, 2014 — The Public Company Accounting Oversight Board today announced that it has entered into a cooperative agreement with the Supervisory Board of Public Accountants (RN) of Sweden relating to the oversight of audit firms subject to […]

The Award For Most Unnecessary Press Release Goes To…

These guys for letting us know two "accountants" came by the office to check things out: Industrial Nanotech, Inc. (OTC-PINK: INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that it has completed the onsite visit portion of the audit by the accounting firm of Hartley Moore Accountancy Corporation, a PCAOB […]

The AICPA Is Teasing Us With This Press Release About a Press Release

GUYS, we get it, it's the Monday after a holiday and no one wants to work that hard. But really with this? The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), an indicator of how chief financial officers, controllers and other senior CPA business leaders view the U.S. economy, at […]