Please ensure Javascript is enabled for purposes of website accessibility
October 2, 2023

Accounting News Roundup: CFOs Harmonize; Patent Boxes; Japan’s Enron (and WorldCom) | 07.30.15

Analytic Mindset of CFOs Keeps C-Suite Harmony [CFOJ]
A study from recruiting firm Russell Reynolds Associates found that CFOs' "analytical bent" evens out "the more emotionally-inflected nature” of other C-suite executives.   

Lawmakers Embrace Patent Tax Breaks [WSJ]
A "patent box" provides low tax rates on income earned from intellectual property.  

Japan's Enron Reckoning [BloombergView]
Noah Smith writes that the accounting scandals at Olympus and Toshiba are just the beginning: "The first takeaway from these scandals is that there will probably be more of them. The consensus is that they happened because of problems with Japanese corporate culture. In both cases, observers have blamed secretive and autocratic management styles by top executives, as well as the generally hierarchical, closed nature of Japanese business. But the real problem is corporate governance itself."

Hackers Trick Email Systems Into Wiring Them Large Sums [WSJ]
Schemes known as "corporate account takeover" and "business email fraud" stole over $1 billion from October 2013 through June 2015.

DePaul Soccer Player Saves Woman's Life With Bone Marrow Cell Donation [DNAInfo]
Jake Douglas, a KPMG tax associate, helped a 59-year-old woman beat Stage 4 leukemia.

By nearly any measure, sunny South Florida is tops in fraud [AP]
Everything from tax fraud to fake IDs, Miami-Dade, Broward and Palm Beach counties have you covered.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

white alarm clock next to white coffee cup

Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Hey, welcome to October. You have my permission to start putting up those Halloween decorations now. Let’s get right to it! The news, I mean. Here’s something for anyone who needs it (you know who you are): Back in the office? Here’s how to be professional in the workplace Bloomberg explains the PwC Australia tax […]

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]