October 3, 2022

Accounting News Roundup: Deloitte’s Internal Startups; Bragging About Audited Numbers; Facebook at Work | 11.17.14

Islamic finance body AAOIFI to discuss global accounting standards [Reuters]
I'm sure this will cause some fretting over adoption of "Sharia GAAP."

Deloitte offers its staff the chance to be the boss of their own start-ups [Telegraph]
Sort of. "Staff will be paid during their time out to focus on their start-ups, and they will be able to appoint a team to get the project off the ground. Two businesses will be ready to launch early next year, Mr Owen said. Deloitte will own the resulting companies, but it plans to reward those involved in the start-up if it is eventually sold or becomes profitable."

Europe Takes Aim at Deals Created to Escape Taxes [NYT]
Luxembourg can't hog all the attention: "On Friday, European Union authorities publicly accused the Netherlands of making a special deal with Starbucks that helped the coffee company lower its taxes, seeing it as potentially illegal state aid."

Facebook seeks foothold in your office [FT]
Ugh: "Facebook is secretly working on a new website called “Facebook at Work” to get a foothold in the office that will see the social network of more than 1bn people compete directly with Google, Microsoft and LinkedIn. The Silicon Valley company is developing a new product designed to allow users to chat with colleagues, connect with professional contacts and collaborate over documents, competing with Google Drive and Microsoft Office, according to people familiar with the matter. The new site will look very much like Facebook – with a newsfeed and groups – but will allow users to keep their personal profile with its holiday photos, political rants and silly videos separate from their work identity."

LOL audit opinions.

An Anchorman Says He Wore the Same Suit for a Year And No One Noticed [Gawker]
To prove a point about sexism, no less.

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.