If you are an auditor working in the NPO community, especially if your clients receive large volumes of donated goods, you might want to check out some posts at my other blog, Nonprofit Update.
There is a different perspective and lively discussion at the following post (well, at least it’s lively based on what’s going on at my blogs):
Two other guest posts open up the conversation to more voices:
Guest posts and discussion on valuing GIK Read More »
(Cross-post from my other blog, Nonprofit Update.)
Accounting Today reports CapinCrouse Bolsters its Nonprofit Services
The article says CapinCrouse has acquired the firm of Lambrides, Lamos, Taylor CPAs LLP.
The combined size according to the article is 16 partners and over 130 staff.
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Capin Crouse acquires small New York firm Read More »
Former KPMG regional audit PIC Scott London entered a plea agreement on Tuesday according to multiple media sources.
The agreement says he passed information to his golf buddy at least 14 times.
The Encino Patch article linked below says he will plead guilty to one felony charge of securities fraud through insider trading with potential prison term of 20 years. Multiple other reports list that as the potential penalty. The Week adds that the potential fine is up to $5M.
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Former KPMG partner enters plea agreement Read More »
FASB and IASB have released a new draft of the changes to lease accounting.
I haven’t worked through the ED yet. I’m guessing at this point you are just wanting the news flash.
So in extremely condensed terms, here’s the deal:
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Revised lease accounting exposure draft is out (5-13)Read More »
Revised lease accounting exposure draft is out (5-13) Read More »
The tippee in the KPMG insider trading case, Bryan Shaw, entered a guilty plea Monday on one count.
Check out the identical headlines (no, they aren’t from the same reporter or picked up on from a wire service):
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Just got my copy of Look, Lead, Love, Learn: Four Steps to Better Business, a Better Life – and Conquering Complexity in the Process written by Bill Sheridan of the Maryland Association of CPAs.
Mentioned this book last night at this post.
Today only the price is $0.00. A bargain at $5. Even better at today’s price.
I’ve read the first 20 screens or so. Great stuff.
Starts with a pertinent quote –
You better start swimmin’
Or you’ll sink like a stone.
– Bob Dylan
If you want a short read to help you cope with the massive change going on around us, check out the book. Grab it today so you can read it this weekend.
E-book to help CPAs cope with massive change available today free Read More »
The Agoura Hills Patch reports Businesssman Out on Bail in KPMG Insider Trading Case Involving Agoura Hills Man.
I’ve been watching for news on these court appearances and no one else seems to have given any coverage.
The article says Bryan Shaw was in court last Friday, 5-10. He is out on $50,000 bail with his next court appearance on Monday 5-20. He is expected to enter a guilty plea.
Scott London will appear in court on Thursday, May 30. Initially he was going to appear Friday, May 17.
Update on court appearances for players in KPMG insider trading fiasco Read More »
I’ve mentioned the blog of the Maryland Association of CPAs quite a few times. Bill Sheridan has an e-book available at Amazon – Look, Lead, Love, Learn: Four Steps to Better Business, a Better Life – and Conquering Complexity in the Process.
Only five bucks and a far better price tomorrow, 5-17-13.
If you aren’t subscribing to their blog, you really should.
Here’s a quick description of the book: …
On Monday, the Department of Justice indicted Mr. Bryan Shaw, the golfing buddy of former KPMG partner Scott London on one felony count of conspiracy. Mr. Shaw reportedly entered a plea agreement saying he would plead guilty and agree to disgorge about $1.27M of profits.
The press release from the Department of Justice is here.
A few other news reports:
I’ve looked briefly a couple of times and can’t find the indictment and plea agreement on-line.
Here are a few comments in the DoJ press release I found interesting.
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First guilty plea in KPMG insider trading fiasco – 5-7-13 updateRead More »
First guilty plea in KPMG insider trading fiasco – 5-7-13 update Read More »
For a good stretch on how to analyze fraud, check out a great article “Beyond the Fraud Triangle,” in The CPA Journal, written by Jack Dorminey, Scott Fleming, Mary-Jo Kranacher, and Richard Riley. This article was mentioned by a commenter in an earlier post.
I heartily recommend the article for all auditors. It goes beyond the standard fraud triangle and provides an overview of several other models, including:
If you want to stretch your knowledge of the concepts, check out those models. Hint for auditors: stretching your brain on fraud is a very good thing to do.
My thoughts:
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New models of analyzing fraud – triangle, diamond, double diamond, and MICERead More »
New models of analyzing fraud – triangle, diamond, double diamond, and MICE Read More »
I’ve not seen much news lately on the alleged insider trading by former KPMG partner Scott London. Two articles of interest.
These two articles have different perspectives on how much responsiblity belongs to the firm. We need a long wrestle match with that question.
A pattern?
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