October 5, 2022

Accounting News Roundup: Economy Feel Good, People Feel Bad; PCAOB Taking Another Stab at Auditor Report; Workspace Decorations | 12.05.14

U.S. Payrolls in November Grew 321,000; Jobless Rate 5.8% [WSJ]
This sounds good: "Nonfarm payrolls rose a seasonally adjusted 321,000 last month, the strongest month of hiring since January 2012, the Labor Department said Friday. Hiring was broad across the economy, led by gains in the professional and business-services sector."

If the U.S. economy is so good, why do we feel so bad? [Fortune]
But this says we feel bad: "
According to a summer poll by the Public Religion Research Institute, 72% of Americans still think we’re in a recession, down just barely from 76% when the same question was asked in 2012."

Another Look at Auditor Nightmares [CFO]
Look for a revised standard on the auditor's report in Q1 '15: "Speaking at Baruch College’s annual audit conference on Thursday, [Chief Auditor Martin] Baumann noted that the PCAOB expects to issue a re-proposal of the auditing standard in the first quarter that will deal with some of the objections dissenters raised to the first plan — especially the question of whether auditors should be required to disclose their reservations about not revealing issues their clients felt shouldn’t be included in their financial statements."

Uber Adds a Billion Dollars More to Its Coffers [DealBook]
Valuation puts it at $40 billion: "With the additional money, Uber is setting itself up for what its investors hope will be the next mammoth initial public offering, following in the footsteps of Facebook and the Chinese e-commerce company Alibaba Group."

PwC snags top former IRS official [The Hill]
Mike Danilack "will play a key role in PwC's global tax controversy network, focusing on transfer pricing, advance pricing agreements (APAs), mutual agreements and other cross-border tax controversies."

Accountant accused of stealing millions from N.J. megachurch [NJ.com]
Donald Gridiron, Jr. had no trouble ignoring "Thou shalt not steal" in regards to Agape Family Worship Center: "The thefts were hidden in 900 separate transactions in which Gridiron would write checks to himself or arrange wire transfers, said Matthew Davis, a Texas-based attorney representing the church." 

I'm not sure the color scheme of the disenfectant and anti-bacterial items work:

 

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