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 […]
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]
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.
Rejoice, PwCers, you all are joining the late 20th century!
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 […]
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 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 […]
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 […]
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 […]
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 […]
Here's the opening paragraph from a press release released by Stein Mart today: Stein Mart, Inc. (Nasdaq:SMRT) today announced that in connection with a review of the Company's auditor relationship, on June 6, 2013, a request for proposal was sent to several national accounting firms, including PricewaterhouseCoopers LLP (PwC). On June 11, 2013, PwC informed […]
It happens every year like clockwork (well, not entirely, some years the Becker PR folks are a little too tied up to get the press release out promptly), the Elijah Watt Sells winners are released and then comes the inevitable patting-themselves-on-the-back from our friends at Becker:
PwC issued a press release today announcing their nearly eight-decade run tabulating the ballots for the Academy Awards. From now until the broadcast, we’ll be treated with more PwC mentions on Entertainment Tonight than anyone should bear. Personally, I’m of the opinion that the Golden Globes is a better gig due to all the drunken shenanigans, […]
Oh look, the AICPA put out a press release that says the Chartered Global Management Accountant designation is the "most prominent management accounting credential in the U.S. with 37,864 CFOs, controllers and other finance professionals holding the designation." Plus, it's managed to its way into some of the most prestigious companies in America! U.S. CGMA […]
Nine new partners and seven new directors have seats at the adult able, according to a firm press release. Here's your new partner class: Stephen Bedell, Tax (Columbus, Ohio) Rebecca Hurt, Tax (Knoxville, Tenn.) John Kelleher, Tax (Oak Brook, Ill.) Bart Kimmel, Risk Consulting (Los Angeles, Calif.) Troy La Huis, Risk Consulting (Grand Rapids, Mich.) […]
We all know someone who's a little too resistant to technological advances in accounting and the accounting business. The partner who never uses email. The office manager who insists on going to the post office rather than printing postage off the web. KPMG. But even the fussiest Luddites have adapted to the various improvements […]