Accounting News Roundup | 04.01.13

Posted on by

Hey guys. Bob Loblaw here. Sorry this is a bit late but I guess I'm helping out until Going Concern gets its shit under control. For whatever reason, Greg thinks he's busier than me, but whatever. I figure it's good chance for me to work on my writing skills and maybe my accounting staff will actually learn something since I won't have time to answer all their stupid questions. The bright side for you is that you may actually learn something on this website for a change. It'll be fun.

Stern to secede from NYU, professors unite accounting prowess [WSN]
“Originally, it was just going to be a vote of no confidence for NYU President John Sexton,” said Stern board member Chase Sachs. “But then right as we were about to vote, I just went right out and said, ‘Ok, is there anyone here who actually wants to do this?’ I heard groans from the board. Then I said, ‘Let’s not waste anyone’s time then, who wants to secede?’ and everyone cheered.” The secession is effective immediately. Stern professors are encouraging students to turn their accounting skills into powerful weapons for the separation from NYU.

McGladrey, RSM urged to cut ties with Iranian accounting firm [MSPBJ]
Accounting firm McGladrey and global network RSM International are under pressure from a group that has successfully urged major companies to cut ties with Iranian partners.
Washington, D.C.-based United Against Nuclear Iran asked RSM International CEO Jean Stephens and McGladrey CEO Joe Adams to sever their business relationship with Dayarayan Auditing & Financial Services Firm in Tehran.
 
Lights! Camera! Taxes! The IRS's Star Turn [Bloomberg]
Depicting government employees as idiots is fine by me.
 
In Herbalife Fight, Both Sides Prevail [WSJ]
Did you guys see Ackman and Ichan on CNBC? That was awesome. 
 
To (All) the Colleges That Rejected Me [WSJ]
This gal will make a great associate at a Big 4 firm some day.
Posted in ANR

Related Posts

Accounting News Roundup: Dell Looks to Settle SEC Probe; BP’s Request for Tax Docs Causes Issues for Fishing Communities; Salesforce CFO: We Need Sales People! | 06.11.10

Dell, CEO Are in Talks to Settle SEC Probe [WSJ]
The SEC’s probe, launched in 2006, into Dell had initially focused on some accounting manipulation that has now ensnared founder and CEO Michael Dell focusing on disclosure and omissions related to Intel Corp. and negligence-based fraud charges.

The Journal reports that the possible fraud charges “suggests that the SEC may suspect that Mr. Dell unintentionally made statements that he should have known were misleading.”

In anticipation of the settlement, the company will restate its most recent earnings report, reducing its net income by $100 million.


The fishermen and the tax man [Los Angeles Times]
BP is requesting tax records from people in fishing communities in order process claims of lost work related to the Deepwater Horizon spill. Those seeking payment need to submit a commercial fishing license, proof of residence and tax statements. The problem is that many of these people do not keep tax records since they are paid in cash for their work.

More than 25,000 claims have been submitted so far and payments to about 12,000 have been made, totaling $36 million, according to the LA Times.

BP, through Graham MacEwan says that there’s a plan although like most of this crisis, the company isn’t sure how it will be fixed, “BP Chief Operating Officer Doug Suttles has been telling parish council members over the past few days that if someone’s tax documents are not available, we will find other metrics. I don’t know exactly how we are going to do that yet.”

Salesforce CFO: Company Aggressively Hiring Sales Staff [Dow Jones]
Cloud trailblazer Salesforce.com is looking to add more sales personnel, having added 18,000 new customers over the last 12 months according to CFO Graham Smith.

Mr Smith also said the company is rolling out two new products in the near future including Chatter, a “a social-networking application for office collaboration” and VMforce, a collaboration with VMware, Inc. that will give Java developers a new way to deploy applications over the web.

Footnotes: NASBA Grant Winners; California Hasn’t Imploded; Can’t Spell ‘Emmy’ Without EY! | 08.22.13

Tough Mudder has an open Senior Business Analyst position in Brooklyn. [GCJ]    Nasdaq Resumes […]