The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty. Deloitte fined £15M in U.K. for Autonomy audits → | By Michael Cohn 3 min read | The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty. | |
| Elections have consequences. | November's presidential vote may be the most important of our lifetimes. Accounting Today would like to know your views on the likely outcome and its impact on our country, our industry, and our lives. Take our confidential survey below. | |
|
| |
Democrats introduce wildfire disaster tax relief bill → | By Michael Cohn 3 min read | A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters. | | Tax Fraud Blotter: Foul ball → | By Jeff Stimpson 5 min read | Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases. | | |