Please ensure Javascript is enabled for purposes of website accessibility
September 27, 2023

Accounting News Roundup: CFOs on Auditor Rotation; A Tax Lesson for Cat Ladies; Madoff’s Undies | 06.06.11

CFOs Wary of Auditor Rotation [CFO Journal]
[T]here is currently very little auditor turnover among large companies. As of last year, companies in the Standard & Poor’s 500 index have on average been with their auditor for 24.5 years, according to data from Audit Analytics. Of that group, only 77 companies have been with their auditor for seven years or less, while seven companies have used the same auditor for over a century.

PCAOB Shifts into High Gear under Jim Doty [Accounting Onion]
[T]he fact remains that PCAOB inspectors have uncovered far too many problems, in far too many audits, to conclude that something short of broad-based change is called for.

Puma take leap towards green accounting [Accountancy Age]
Puma took the brave step of producing the first environmental profit and loss account from a global organisation. It not only put a price on its carbon usage, but also represented the cost of future damage incurred from its emissions and water usage.

BDO in the News! [The Summa]
Professor Albrecht takes a little trip down memory lane in accounting firm failures.

Cat lady’s feline foster care tax deduction slashed from $12,000 to $250 [DMWT]
A house full of feral cats demands some sort of tax planning.

“Sideshow Bob” Marshall Gets His Panties In a Bunch Over Richmond Fed’s Gayness [JDA]
Who knew a rainbow flag could cause so much trouble?

Updating a Résumé for 2011 [WSJ]
In case you’re looking.

Madoff’s underwear fetch $200 at Fla. auction [Reuters]
It was fourteen pairs of boxers.

Learn to Like Your Job [WSJ]
Toxic workplace relationships, failing company fortunes and limited advancement opportunities are just a few compelling reasons to quit a job. But career experts say many workplace problems that employees may think are irreconcilable can be improved or even resolved with some action and a change of attitude.

CFOs Wary of Auditor Rotation [CFO Journal]
[T]here is currently very little auditor turnover among large companies. As of last year, companies in the Standard & Poor’s 500 index have on average been with their auditor for 24.5 years, according to data from Audit Analytics. Of that group, only 77 companies have been with their auditor for seven years or less, while seven companies have used the same auditor for over a century.

PCAOB Shifts into High Gear under Jim Doty [Accounting Onion]
[T]he fact remains that PCAOB inspectors have uncovered far too many problems, in far too many audits, to conclude that something short of broad-based change is called for.

Puma take leap towards green accounting [Accountancy Age]
Puma took the brave step of producing the first environmental profit and loss account from a global organisation. It not only put a price on its carbon usage, but also represented the cost of future damage incurred from its emissions and water usage.

BDO in the News! [The Summa]
Professor Albrecht takes a little trip down memory lane in accounting firm failures.

Cat lady’s feline foster care tax deduction slashed from $12,000 to $250 [DMWT]
A house full of feral cats demands some sort of tax planning.

“Sideshow Bob” Marshall Gets His Panties In a Bunch Over Richmond Fed’s Gayness [JDA]
Who knew a rainbow flag could cause so much trouble?

Updating a Résumé for 2011 [WSJ]
In case you’re looking.

Madoff’s underwear fetch $200 at Fla. auction [Reuters]
It was fourteen pairs of boxers.

Learn to Like Your Job [WSJ]
Toxic workplace relationships, failing company fortunes and limited advancement opportunities are just a few compelling reasons to quit a job. But career experts say many workplace problems that employees may think are irreconcilable can be improved or even resolved with some action and a change of attitude.

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.

Related articles

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 […]

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together, it isn’t the first […]