Please ensure Javascript is enabled for purposes of website accessibility
November 29, 2022

Accounting News Roundup: The Cost of Timesheets; Escaping Accounting’s Demise; Pot and Business Ethics | 01.13.15

Workers Are Bad at Filling Out Timesheets, and It Costs Billions a Day [HBR]
A recent study from AffinityLive found that professional service sector loses 50 million hours, $7.4 billion a day, tracking time. 

How to Escape the "Demise of Accounting" [MACPA]
Among other things, Maryland Association CEO Tom Hood cites an Oxford study that found accounting and auditing as "the second most likely profession to be disrupted with a 94% probability."

Deloitte could face fine over Aero Inventory audit [FT]
The UK's Finance Reporting Council says that the behavior of the firm, one its partners and Aero Inventory's ex-finance director all "fell 'significantly short' of the ethical and professional standards expected of members of the Institute of Chartered Accountants in England and Wales."

Former SEC Chief Accountant Jaime Eichen rejoins EY [EY
Mr Eichen served as the CA of the SEC's Division of Investment Management.

Ethical Questions of Investing in Pot [DealBook]
Or providing it with exceptional professional services.

Democrats, in a stark shift in messaging, to make big tax-break pitch for middle class [WaPo]
Maryland's Chris Van Hollen has a tax plan that will most definitely go nowhere.

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

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]