Accounting, Audit & Advisory

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Dorky Accountant Robbed His Employer to Buy Hookers and Blow Because Some Dude at the Office Made Fun of Him - Going Concern
goingconcern.com Apr 19, 2019
Y’all ready to meet a real bad ass? You sure? I’m not sure you can take this. Darren Carvill, 38, is headed to jail after a “weekend of madness” which included hookers and blow funded by approximately £170,000 ($220,000 USD) he stole from his...
Tax Fraud Blotter: For whom the Pell tolls
www.accountingtoday.com Apr 19, 2019
Two decades and tens of millions; bank error; dirty deal; and other highlights of recent tax cases. Kansas City, Mo.: Resident Ashwini Kumar, 54, has pleaded guilty to filing a false return. Kumar admitted that he filed false returns for 2014, 2015...
Hey Y'all, Let's Get Salty About These 2018 Elijah Watt Sells Award Winners - Going Concern
goingconcern.com Apr 18, 2019
Whelp it’s that time of year again, the time when we recognize the efforts of an elite handful of CPA exam candidates whose performance on one of the toughest professional examinations out there ranks the best of the best. The AICPA handed out 110...
In the blogs: School for scandal
www.accountingtoday.com Apr 17, 2019
Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers. For reprint and licensing requests for this article, click here.
The Six Kinds of Regret You'll Experience Now That Busy Season Is Over - Going Concern
goingconcern.com Apr 16, 2019
For weeks on end now your entire existence has revolved around busy season and all the misery that brings. Your significant other hasn’t heard from you in days and even your dog is suspicious of you when you finally arrive home late in the evening,...
The Olds vs. PwC: Age Discrimination Case Can Proceed as a Collective Action - Going Concern
goingconcern.com Apr 8, 2019
It’s been a while since we’ve had an update on Rabin v. PricewaterhouseCoopers LLP, the age discrimination lawsuit accusing PwC of favoring younger workers over individuals over the age of 40 for entry-level positions within the firm. Well, we’re...
Confessions of a Tax Season Accountant — 2019 Edition
www.thebluntbeancounter.com Apr 8, 2019
My name is Mark Goodfield. Welcome to The Blunt Bean Counter ™, a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant and a partner with BDO. This blog is meant for everyone,...
This Forbes Columnist Thinks You're All a Bunch of Whiny B*tches - Going Concern
goingconcern.com Apr 5, 2019
If you read Forbes contributor Peter J. Reilly’s recent post entitled Advice For The Looming Tax Deadline – No Fooling, you easily could have missed the jab at the end toward all you whiny losers complaining about how hard tax season is. I could...
What is window dressing? | AccountingCoach
accountingcoach.com Apr 5, 2019
Window dressing refers to actions taken or not taken prior to issuing financial statements in order to improve the appearance of the financial statements. Let's assume that a company operates throughout the year with a negative balance in its...
Tax Fraud Blotter: Sorry about that, chief
www.accountingtoday.com Apr 5, 2019
Zapped; drug deals; doing the deduction shuffle; and other highlights of recent tax cases. Baltimore: Former Police Commissioner Darryl De Sousa, 54, has been sentenced to 10 months in federal prison, followed by one year of supervised release, for...
Audit Deficiencies Got Much Worse Among Big 4 Firms in Canada - Going Concern
goingconcern.com Apr 4, 2019
I came across an article on the site Canadian Accountant this morning that said Canada’s audit regulator, the Canadian Public Accountability Board, recently issued its annual inspection results for 2018, finding significant audit deficiencies...
Here's Another Boring, Totally Predictable Article About How Robots Are Coming For Your Job - Going Concern
goingconcern.com Apr 3, 2019
As far back as I can remember, I always wanted to be a gangster. Wait, no, wrong intro. Uh, as far back as I can remember, the Chicken Littles of accounting have been carrying on about the inevitability of robots taking jobs from honest,...
How fast is fast enough?
www.accountingtoday.com Apr 2, 2019
One of the benefits of trawling through all the data brought in by our Top 100 Firms and Regional Leaders survey is that we can occasionally tease out the beginning of a trend, or get a glimpse of the future in today’s facts. One of those moments...
Oh Look, EY Is On the Receiving End Of Another Sexual Harassment Complaint - Going Concern
goingconcern.com Apr 1, 2019
After we recently reported on sexual harassment allegations made against male executives at EY U.S. and EY Switzerland by former female employees, Adrienne and I got an email from a woman by the name of Ana Raquel Villanueva who told us that she,...
Diversity in the Boardroom: Why an Age Diverse Board Is Important
www.bna.com Apr 1, 2019
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of...
The Definitive Guide to Choosing a CPA Review Course - Going Concern
goingconcern.com Mar 27, 2019
I’ve been writing about the CPA exam for, yeesh, it’ll be 12 years this summer. TWELVE YEARS. I wish I could say that’s like half my life, but I’m old now so it’s more like a third of it, which is still a pretty sizable chunk of it, all things...
Writing Off an Account Under the Allowance Method | AccountingCoach
accountingcoach.com Mar 27, 2019
Under the allowance method, if a specific customer's accounts receivable is identified as uncollectible, it is written off by removing the amount from Accounts Receivable. The entry to write off a bad account affects only balance sheet accounts: a...
In the blogs: Here come da judge
www.accountingtoday.com Mar 27, 2019
IRS fraud-detection; restoring the personal exemption; divorce and taxes; and other highlights from our favorite tax bloggers.
Going Concern March Madness: Ultimate Tech Showdown - Going Concern
goingconcern.com Mar 25, 2019
Once upon a time, our former dear leader Caleb — who is not exactly known as the pinnacle of red-blooded, sports-loving American male — got the bright idea to gift the accounting profession with its very own March Madness competition. Although it...
The Top Tax Tips for Students
www.thebluntbeancounter.com Mar 25, 2019
My name is Mark Goodfield. Welcome to The Blunt Bean Counter ™, a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant and a partner with BDO. This blog is meant for everyone,...
PCAOB Fined RSM US $15,000 for Taking Its Sweet-Ass Time to File a Form 3 - Going Concern
goingconcern.com Mar 21, 2019
Say a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another regulator. That firm has to let the PCAOB know about this by filing Form 3, Special Report, within 30...
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