Deloitte Consulting names Janet Foutty CEO [CT]
Foutty becomes the first female CEO at Deloitte Consulting. She has been at Deloitte for 25 years, most recently leading the Federal Services practice and prior to that, the technology practice. She replaces Jim Moffat who is becoming the firm's global consulting business leader.
Toshiba Accounting Scandal Draws Record Fine From Regulators [WSJ]
The $60 million fine is 4 times larger than the previous record levied at IHI Corp. in 2008.
Vatican appoints PwC for first international standards audit [FT]
Cool Pope wades deeper into accountability by giving the PwC the honor of the Vatican's "first audit based on international accounting standards." The engagement will start "immediately" and is seen as:
pivotal because it appears to have a more sweeping mandate to audit all of the Holy See’s finances, which could encompass areas outside the Vatican bank — including its vast real estate assets, which have so far been untouched by the financial reforms.
Who knows what this level of scrutiny into the Catholic Church's books could mean other than a boring new book from Dan Brown.
In other news:
- Yahoo’s Spinoff Plan Could Be Risky Business [DealBook]
- Francine McKenna makes the case for more audit disclosure.
- Daiwa Securities Group appointed a Chief Health Officer whose qualifications include collapsing and nearly dying from overwork.
- "She recalled recently falling asleep during a call and being awakened by her own snoring."
- Dog shoots man.