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November 26, 2022

Accounting News Roundup: An Auditor Love Story; The IRS Gets Antisocial; A Major Refund Emergency | 02.14.14

Love in the air? Breathe it with caution at work [CGMA Magazine]
Workplace romance can have a happy ending. Who doesn’t know someone who met the love of his or her life at the office? But plenty of office relationships have ended on sour notes – for both the couple and the organisation. That’s why HR professionals seem to be keeping a closer eye on workers who suddenly have eyes for each other. Formal policies about on-the-job romance, while absent at many organisations, are increasingly being put in place, and the concerns are numerous, even when a relationship that starts in the office leads to marriage.

I was invited to a meeting at the Federal Reserve, and these are the 4 predictions I made [Articulate Ventures]
Yesterday, I was invited to The Saint Louis Federal Reserve to speak with a couple of people in the institution about why a business owner like me would be willing to accept Bitcoin. We met informally over lunch, and I was actually quiet pleased with how much my lunch companions knew about the Bitcoin system.

An Auditor Love Story – Happy Valentine's Day! [MACPA]
A blast from the past from our friends in Maryland.

Accounting ‘Dumping Ground’ Headed For Clean Up [CFO Journal]
International accounting rulemakers may focus on cleaning up rules for “other comprehensive income,” a category in a company’s earnings statement that can obscure the true profit and loss picture, the chairman of the International Accounting Standards Board said this week. The board may restart its efforts to improve financial statement presentation guidance in this area and bring more “discipline” to the way companies decide what is classified as profit and loss or other comprehensive income, IASB Chairman Hans Hoogervorst said in a speech in Tokyo.

IRS Asks Taxpayers to Resist Calling Next Week [AT]
Don't call us, we won't call you.

Wells Fargo edges back into subprime as U.S. mortgage market thaws [Reuters]
Wells Fargo & Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again. The bank is looking for opportunities to stem its revenue decline as overall mortgage lending volume plunges. It believes it has worked through enough of its crisis-era mortgage problems, particularly with U.S. home loan agencies, to be comfortable extending credit to some borrowers with higher credit risks.

World’s Biggest Sovereign Fund Needs to Add Risk, Olsen Says [Bloomberg]
Oeystein Olsen, the governor of Norway’s central bank, said he’s planning to petition the government to allow the world’s biggest wealth fund to cut bond holdings further to help it generate bigger returns. “At some point we will write a letter to the Ministry of Finance — that’s also our role as an adviser – and finally it’s their decision,” he said in an interview yesterday in Oslo. “It’s a decision by the government and the parliament.”

Google Lets You Say 'I Love You' With an Interactive Valentine's Doodle [Mashable]
For those of you who might be, oh I don't know, IN THE MIDDLE OF FUCKING BUSY SEASON?! Take 2 seconds, send your sweetie a doodle and get back to work.

Deputies: Drunk man called 911 to see if tax return had come in [Tampa Bay Times]
I'm too lazy to see if Colin posted this already. It's too early to be drunk otherwise I'd call 911 and ask them to try searching the site. Also, because Florida.

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