warnings

Somehow People Are Still Falling for Stupid IRS Scams

You're sitting there minding your business when you see a Washington, DC number ringing your cell. No, it's not me calling (you wish). When you pick up, a scary man who sounds more like a disgruntled Indian call center worker than an IRS agent begins threatening you with jail if you don't pay what you […]

Grant Thornton Warns Alumni the Sky is Falling

We wish we could tell you why Grant Thornton sent out this email to their alumni list today, unfortunately we don't have any clue. Not even crazy speculation barely rooted in reality. Even our tipster, who presumably receives odd emails from Grant Thornton regularly as a member of the esteemed Grant Thornton alumni email list, […]

PCAOB Issues Staff Audit Alert on Auditing Revenue Because Auditors Suck at Auditing Revenue

The PCAOB would like to see auditors get better at a lot of things; showing their work, testing controls, auditing in general. In particular, they would like to see auditors get better at auditing revenue because revenue is so dang important to the big picture here, people. "Revenue is one of the largest accounts in […]

Miserable Auditor Warns Those Who Wish to Follow Him

The Going Concern tip box is a dumping ground for information of great consequence and trifling tidbits; advice solicitations and fond (or not so fond) farewells; rants and raves. And every so often we get messages that seek to provoke existential questions to those who seek to follow in their footsteps. Like this one:    […]

Georgia Man Discovers IRS Wasn’t Joking About the Possibility of His Fake Treasury Bond, Fraudulent Tax Return, Bogus Refund Landing Him in Jail

If you are currently thinking about engaging in any tax fraud, you should know that if the IRS is gracious enough to inform you that your actions — like, say, claiming ownership of a treasury bond that it is most likely fake and requesting a large, bogus refund — could result in prison time, calling […]