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September 30, 2023

Accounting News Roundup: Global Audit Problems; Ignoring the Golden Rule at Work; Unfair Tax Code Is YOUR Fault | 03.04.15

Almost Half of Global Audits Have Problems [CFOJ]
The International Forum of Independent Audit Regulators reviewed 950 audits from 29 countries.

PwC retains FTSE 100 audit lead as KPMG climbs 250 rankings [Accountancy Age]
PwC and KPMG audit 64 of the FTSE 100. 

When Not to Treat a Colleague as You’d Want to Be Treated [HBR]
When you're a rabbit and your colleague is a guinea pig. "Since a rabbit’s basic assumption is that they are like anyone else, they never fully understand how guinea pigs think. It’s a huge blind spot. They under-estimate how much a guinea pig looks up to them and expects of them. They usually get into trouble with guinea pigs when they try to end or question relationships, or strike out more independently, or start to shine too brightly on their own."  

Senate Report Blames Tax Pros for Unfair Tax Code [AT]
This type of stuff will get some of the crustier partners upset.

Clients wouldn't appreciate this.

Corporate Officer Awarded Whistleblower Payout [CFO]
A CFO received a payout between $475,000 and $575,000 after reporting securities fraud that wasn't being properly addressed by the company's internal compliance system. Normally, a person isn't eligible for an award when (s)he hears about it from another, however, the SEC makes an exception after knowledge is possessed by "responsible compliance personnel" who doesn't take appropriate action after 120 days.

Do You Use Chopsticks Correctly? Are You Sure? [Kotaku]
Probably not.

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