I was going to make some kind of Sense8 “canceled before its time” joke about […]
Tag: Chief Accounting Officers
Tesla’s Chief Accounting Officer Nopes on Up Outta There After Just a Month on the Job
Tesla is having a tough time hanging onto a chief accounting officer, you guys. Dave […]
How Controllers Can Step Up Their Cybersecurity Game
There’s a good reason why cybersecurity is ranked extremely high on the priority list of […]
Don’t Let Employee Retention Be a Casualty in the War for Talent
On the battlefield in the war for talent, there’s a mission that may be just […]
Announcing Our Partnership with FloQast, the Startup Built by CPAs
Okay, some big news. Going Concern’s been at this for the better part of a […]
ICYMI: Here Are Some Accounting Execs Talking About How Useless XBRL Is
The mandatory use of eXtensible Business Reporting Language by large public companies began in 2009 […]
Today’s Groupon: A Chief Accounting Officer Courtesy of KPMG
Chronically accounting challenged coupon* carrier, Groupon, has found a new Chief Accounting Officer and they've […]
Green Mountain Coffee Roasters Decides That It Might Be a Good Idea to Have Someone Oversee Their Accounting on a Daily Basis
As you may know, Green Mountain Coffee Roasters has had some issues with its financial reporting. So much so that, about a year ago, the SEC asked to poke around. Ever since then, they company has been a favorite of Sam Antar, who has written a slew of blog posts about their shoddy accounting. After a tough year of criticism, it appears the company seems to have found a solution to their double-entry woes – they didn’t have a Chief Accounting Officer!
Green Mountain Coffee Roasters, Inc. […], a leader in specialty coffee and coffee makers, today announced the appointment of Stephen L. Gibbs as its Vice President and Chief Accounting Officer effective immediately. This newly created position has been established to strengthen GMCR’s accounting function and overall financial control environment.
So everything should be on the straight and narrow now. I just hope Mr. Gibbs doesn’t mind being asked awkward questions.
UPDATE: The company is also looking for a Fraud Prevention Manager if you know anyone who is interested.
[via GMCR]
WFT Names New Chief Accounting Officer Who Will Hopefully Avoid Any More Giant Tax WTFs
Remember Weatherford International? That’s the oil services company that had a ton of material weakness around their tax accounting that led to $500 million error. This resulted in restatements, a humiliated CFO and the Chief Accounting Officer resigning “to pursue other opportunities.”
But now, four months later, everyone has moved on and the company has some new blood:
Weatherford International Ltd. […] announced today that John H. Briscoe has agreed to join the company as Vice President –Chief Accounting Officer. Mr. Briscoe will report to the company’s Chief Financial Officer.
Mr. Briscoe served as Vice President and Controller of Transocean Ltd. from October 2007 to present. He also fulfilled additional roles in internal audit, investor relations and field finance. Prior to joining Transocean in 2005, Mr. Briscoe served as Ferrellgas Inc.’s Vice President of Accounting and served in other senior roles during his eight years with the company. Mr. Briscoe also served as Controller for Latin America for Dresser Industries Inc. Mr. Briscoe started his career with seven years in public accounting beginning with the firm of KPMG and ending with Ernst & Young as an Audit Manager. Mr. Briscoe is a certified public accountant.
Yes, that Transocean.
SEC Still Cleaning Up Waste Management
Former Waste Management Chief Accounting Officer Bruce Snyder settled a civil injunctive action with the SEC today. The action relates to a little incident when Brucey “among other things, prepared, reviewed, and signed a materially false or misleading Form 10-Q,” back in ’99.
Perhaps this case was handled as efficiently as possible but taking twelve years to wrap this up might be enough to encourage Mary Schapiro to ask some other people to get better at their jobs (that means, lay off the porn). [SEC]