Please ensure Javascript is enabled for purposes of website accessibility

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.