In Sydney, Australia, an accountant was convicted of hiring a hitman to kill a client who he had stolen almost $84,000 from. He had failed to remit those amounts to the government for taxes owed by the victim. The motive was, unsurprisingly, to “stop Mr Williams from bringing the fraud to light.” This is prettyContinue reading “Accountant convicted over hit on client”
Yearly Archives: 2006
Options backdating investigation not making the SEC any friends
Tech companies are the primary focus of the SEC’s recently announced and currently ongoing investigation into options dating irregularities, which makes sense given their proclivity for awarding stock options as part of compensation packages with employees. An article in BusinessWeek documents what tech company executives have recently termed a “witch hunt”: Many executives are surprisedContinue reading “Options backdating investigation not making the SEC any friends”
Google the mutual fund company
No, Google isn’t managing investments. They’re still devoted to “organizing the world’s information,” but that doesn’t matter to the SEC. A rule enacted in 1940 could cause increased regulatory headaches for the company. Companies whose securities make up more than 40 percent of their assets can fall under restrictions that govern the mutual fund industry.Continue reading “Google the mutual fund company”
Accounting change results in magic surplus for Ontario government
Sometimes when I’m looking for inspiration for a blog post I’ll scan the news sites for mentions of accounting, in the hopes that there’ll be some new development I can write about. Unfortunately, in accounting, new developments aren’t frequent and usually are pretty boring. It’s the nature of the beast. So when I found thisContinue reading “Accounting change results in magic surplus for Ontario government”
Love tax theory, hate tax application
Tax is a subject that is near and dear to my heart, but not because I occasionally fill out a tax return. Tax theory is fascinating and relevant stuff, but I won’t ask you to take my word for it. I think the reason why I like tax theory but hate applying tax law, isContinue reading “Love tax theory, hate tax application”