Featured, Tax Research - 2008-09-23 - comment
Investment banking is dead
The FT has reported that: Goldman Sachs and Morgan Stanley, the last surviving big investment banks on Wall Street, have become regulated banks. In a statement issued at 9.30pm Sunday, the Federal Reserve said it had approved their applications to become bank holding companies, subject to regulation by the Fed. During the transition period, the Fed will make loans to both entities and ... continue
AccMan
My Diigo Bookmarks 11/19/2008
Prem Sikka: Hold company directors to account | Comment is free | guardian.co.uk Prem draws attention to the ‘duty of care’ issue that bedevils the profession. Many good comments. tags: audit, auditors FASB, IASB say they won’t be rushed by G20 - Financial Week There is much to do and it is good that FASB isn’t prepared to [...]Sponsored By: EditGrid - collaborative online spreadsheets Go to Source continue
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re: The Auditors
The Messy Business Of Reductions, Cuts, Redundancies, Terminations And "Layoffs"
I've been at the FEI Current Issues in Financial Reporting Conference the last two days. Today, Wednesday, is my first day not buried in fair value, IFRS, fair value, and, oh yeah, fair value. It was enough for me to wish that an unjust, unfair, unreasonable standard of accounting be approved just to break up the repetitive rhetoric. I will be posting more, including reproducing some of my better Tweets, for you later. In the meantime, for the best of the web in reporting on the issues, go to Edith Orenstein at the FEI Blog. She and I had dinner ... continue
More filed under: re: The Auditors
Tax Research
Jersey needs to realise words are not enough: it’s action that counts
Fascinating how an idea can permeate fast. It is only this year that the Tax Justice Network began to seriously promote my definition of a secrecy jurisdiction as a place that create regulation for the primary benefit and use of those not resident in their geographical domain and that in doing so create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so. And then I note from the Jersey Evening Press that: JERSEY must fight off its image as a tax haven that exists to ... continue