December 14, 2018

Donald Trump’s tax returns

Accounting News Roundup: Trump’s $916 Million Loss and Small Time Accounting Crooks | 10.03.16

Has Donald Trump released his tax returns? Nope! But someone sent three pages of his 1995 returns to a New York Times reporter that showed a nearly $916 million loss for his adjusted gross income. The losses arose out of "financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City […]

Accounting News Roundup: Executive Impersonation Scams and Thankless Jobs | 09.22.16

AICPA to the rescue By now you've likely heard about the scam where an unsuspecting accountant receives an email from a high-ranking executive, usually a CFO, requesting a large wire transfer. The dutiful accountant doesn't want to keep the boss waiting so he or she makes the transfer toot sweet only to learn later that […]

Accounting News Roundup: KPMG’s Blockchain Services and Happy September 15th | 09.15.16

Blockchain Last year, KPMG announced a "strategic alliance" with Microsoft, one of the many instances of a mega professional services firm teaming up with a mega technology company. Today we learn that strategic alliance will now include blockchain things: Global accounting firm KPMG yesterday launched a suite of tools designed to help banks and other […]

Accounting News Roundup: Unsatisfied Whistleblowers and RIP Eddie Antar | 09.12.16

Unsatisfied whistleblowers Whistleblowers go through a lot to expose wrongdoing. Their lives are turned upside down for years — loss of jobs, income, etc. — and sometimes it's all for nothing; the company is never held accountable and everyone moves on. This was not the case for the Monsanto whistleblower who was awarded $22 million. […]

Accounting News Roundup: Unholy Vatican Accounting and Deloitte’s Bitcoin ATM | 09.08.16

Vatican accounting Here's an article about Cardinal George Pell, "the pope's finance chief" who hired PwC to audit the Vatican late last year. And if you think your company's/client's books are a mess, you'll thank the Almighty that you don't have to deal with this: Accounting at the Vatican has never followed unified policies. Annual […]

Accounting News Roundup: Deloitte’s Revenue and Apple’s Tax Returns | 09.07.16

Deloitte's revenue Each year, accounting firms release revenue results and each year I am reminded that it's not really about transparency, rather, it is about marketing. The most meaningful number in Deloitte's press release is the $36.8 billion in global revenue. From there, it's a long list of factoids that the firm wants to tell […]