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Edwin J. Kliegman, a co-founder of the firm Marcum LLP, has died, according to Accounting Today.
A couple of months ago, we blogged about London Mayor Boris Johnson, who was being pursued by the IRS. The service said that Johnson, who was born in New York and left the U.S. at age 5, owes the country more than $160,000 in taxes on the profits he got from selling his London home.
Banks in London and New York plan to simulate a massive cyber attack on their computer systems later this year as part of the joint war games run by the respective governments, according to Bloomberg. Part of a new program that arose as a result of the hacking of Sony Corp. last year, the exercise will test the resilience of the banks’ security.
Sheldon Silver, the longtime New York State Assembly speaker and one of the area’s most powerful political leaders, was arrested on federal corruption charges this morning. According to the New York Times, Silver, 70, surrendered to FBI agents in Lower Manhattan, telling reporters along the way, “I hope I will be vindicated.”
The Securities and Exchange Commission conducting many more investigations into accounting matters than in years past, said the Wall Street Journal. Data has shown that accounting fraud enforcement actions have increased 46 percent since the last fiscal year, 99 versus 68, indicative of the increased resources the SEC has devoted to this matter and suggesting that this jump is only the beginning, said the Journal.
A recent survey of 1,000 adults has found that a sizeable portion of married Americans aren't 100 percent honest with their spouses over their finances, according to CNN Money. The poll, conducted by CreditCards.com, found that one in five respondents has hidden a purchase of $500 or more from their significant other, perhaps drawn from the 7.2 million bank or credit card accounts that are held without their spouse's knowledge, said CNN.
While office politics have generally gotten a bad rap, an article in the Harvard Business Review argues that not only is it inevitable if one wishes to advance in one's career, practicing it isn't quite as darkly Machiavellian as one may think. Essentially, says the author, office politics is just another word for trying to influence people, which is needed to get things done at work; people who aren't influential tend not to lead very successsful careers for this reason.