Big 4 Accounting Firms News
New York Court Orders PwC to surrender documents in Exxon case
The New York Supreme Court requested Exxon and PwC to comply with a subpoena. The subpoena relates to PwC’s audit of Exxon and was previously issued by the New York Attonery General in August of 2016. Exxon previously tried to prevent PwC from surrendering the documents to the Attonery General, but then the Attorney General moved the court. Exxon Mobil being investigated because of accounting practices. The Attorney General is trying to investigate why Exxon did not write down their assets in the midst of an oil slump.
EY gives $ 1 million to William and Mary
EY pledges $1 million for diversity
Ernst & Young LLP recently announced a $1 million gift to William & Mary’s Raymond Mason School of Business to expand diversity and inclusiveness efforts.
The gift is a five year commitment to the university. The gift is aimed at 4 areas:
1. Expanding current course offerings
2. Faculty workshops
3. New Curriculum development
4. Annual campus-wide diversity and inclusiveness symposium
The gift will help William and Mary’s mission of trying to increase diversity on campus.
The new course offerings will help highlight diversity and inclusiveness and will be one of the core classes of the business school.
Part of the gift will provide workshops on faculty to help train them on how to teach diversity coursework.
EY’s gift will also fund a campus-wide Diversity Symposium that will be available to all students, faculty and staff.
Becker releases game to help people study for the CPA exam
Check out Becker’s Accounting Game Here
Becker just announced that they are releasing a game for android and apple to help customers practice for the CPA exam.
The game is called Accounting for Empires.
Some of the features are:
Personalized content
You can personalize the game the way you want to learn. You can choose the type of questions and the pace of the questions.
Strategy and Knowledge
Demonstrate your skills through MCQ and simulation questions. Correct answers earn resources to build your empire. And you can create alliances, conduct espionage or challenge other players to boost your resources.
Connect with other learners
The game allows you to connect with other students who are also studying for the test.
You can access online at any time
It’s available on Android and iOS phones and tablets for maximum mobility
Check out the Youtube video below.
Strip club owners face jail over IRS issues
A man and his two sons are facing jail time over evading taxes. They did the old school keep two sets of books method when committing their fraud. They charged their dancers stage fees and their patrons entrance fees. These fees were collected in cash. The problem is they kept one set of books for what they provided the IRS and another set of books for what they actually collected.
The IRS caught these guys in a pretty cool way. An IRS agent posed as someone that was trying to purchase the strip clubs. When the agent appeared interested in purchasing the clubs, the owner busted out the second set of books.
I wonder how often this happens. Has to happen a lot since being a strip club owner isn’t really a job associated with strong ethics.
Leave A Comment
You must be logged in to post a comment.