Thursday, May 22, 2014

Chubby Accountant Falls On Crocodile, Hilarity Ensues

Maybe not that hilarious, your call.
From the Daily Mirror:

Crocodile injured by falling ACCOUNTANT in freak circus bus accident
A snoozing circus crocodile suffered minor injuries after being crushed by a tubby ACCOUNTANT.
The two metre long dozing reptile reportedly sustained an accidental full body slam from the portly bean counter after the bus in which the pair were travelling hit a bump in the road in northern Russia.

The animal, called Fedya, suffered minor injuries and went into shock, spending around three hours vomiting after the accident, according to the Komsomolskaya Pravda newspaper....MORE
In other accountancy news via Levine@Bloomberg:

Accountant Bet Client's Money at Client's Casino might expect that a senior partner and chief risk officer at Deloitte LLP would find a particularly arcane and nerdy way to violate auditor independence rules but nope nope nope nope nope:
An SEC order finds that certified public accountant James T. Adams repeatedly accepted tens of thousands of dollars in casino markers while he was the advisory partner on subsidiary Deloitte & Touche’s audit of a casino gaming corporation. A marker is an instrument utilized by a casino customer to receive gaming chips drawn against the customer’s line of credit at the casino. Adams opened a line of credit with a casino run by the gaming corporation client and used the casino markers to draw on that line of credit. Adams concealed his casino markers from Deloitte & Touche and lied to another partner when asked if he had casino markers from audit clients of the firm.
That's not even the best part; the best part is:1
On December 16, 2009, Adams drew markers, $110,000 of which remained outstanding. On January 13, 2010, D&T removed Adams from the Casino Gaming Issuer 2009 audit engagement, for reasons that were not based on his use of casino markers. Adams subsequently defaulted on the $110,000 of outstanding markers that he drew on December 16, 2009.
It's an enumerated violation of auditor independence to have "Any loan (including any margin loan) to or from an audit client," but never mind that! Adams took $110,000 from his client and never gave it back! (Allegedly! It's a neither-admit-nor-deny sort of settlement.) That seems like some sort of ... I don't know, conflict of interest? Bad idea?...MORE
Deloitte Senior Partner