Back in 1893 accountant Frank Broaker had to sue a large company in New York state in order to collect his fee for untangling the company’s books, which were a mess. The company claimed he had overcharged them, at $3 per hour. Broaker won his case easily, but it set him to thinking. Lobbying the…

There are over 30-thousand MBA candidates in the Chicago-land area this year. About half of them are from overseas; countries like China and India. According to a recent poll, nearly a quarter of these foreign-born MBA’s will stay in the Chicago area after they graduate. Campbell King, the co-director of MBA Studies Group, explains why:…

The brief answer is, until the person holding it is dead. But that’s not the entire story. The Press Enterprise of Beaumont, California, reports that a former city finance officer, one William Aylward, is having his certification revoked because of his alleged involvement in a city scandal. To receive a CPA certificate in the United…

In the past the IRS has disallowed many, if not all, write-offs and deductions that are part and parcel of being an MBA student. Transportation, tuition, textbooks, business luncheons, and professional membership fees — all these, and more, were pooh-poohed by the IRS. But now, after the landmark Kopaigora vs Commissioner case in federal Tax…

Ginnie Mae (Government National Mortgage Association) thought they were getting a certified CPA when they hired David Fender in 2014 to supervise a $1.5 trillion portfolio of loans. But what they got instead was a man without CPA certification who had been in serious trouble previously for tax evasion and other financial irregularities. When his…

The accounting services industry accounts for a vast amount of employment and profit, both in the United States and world wide. The accounting industry in the United States is forecast to generate 160 billion dollars by the year 2018. World-wide accounting leaders such as Deloitte and KPMG employ more than 800 thousand staff and generated…