International Accounting Day

On November 10,1494, the first book about double entry systems was published by the Italian mathematician, Lua Pacioli, also known as the father of accounting. In his honor the day is celebrated as the International Accountants Day! To all fellow accountants, keep up...

Big 4 collusion conspiracy

Italy’s Antitrust authority fined the big 4 (Ernst & Young, Deloitte, KPMG and PWC) a total of 23 million euros for allegedly conspiring and colluding to divvy up large public consultancy contracts. Looks like the Big 4 need to revise their Ethics...

32nd legal claim against Toshiba

Two more corporate shareholders filed a legal claim against Toshiba, linked to the the 2015 accounting scandal, seeking $5.08 million in compensation for damages. This brings the total damages sought to $1.2 billion!

Wage determined by skin color!

PricewaterhouseCoopers revealed that in the UK, they pay their Asian, Black and minority ethnic staff 13 percent less than other employees.

E&Y's Emmy moment

The accountants didn’t mess up the Emmy’s, yay!!! We got it correct, no snafu’s on the final winner names like at the Oscars.

SEC enforcement director resigned

The Securities and Exchange Commission said its enforcement director, Andrew J. Ceresney, plans to leave the SEC by the end of the year.