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Accounting News Roundup: Going Negative on Positive; PwC’s Successful Bluff; CFO Raises Not as Good CEO’s (Duh) | 10.31.14

Estate Tax Exemption for 2015 Is Announced [WSJ]
$5.43 million, up from $5.34 mil.

Stop Being So Positive [HBR]
And don't forget to fire your Chief Happiness Officer.

RBS Leans Towards Naming EY As New Auditor [Sky News]
That means they're ditching Deloitte.

Petrobras Said Prompted to Probe Kickbacks by PwC Threat [Bloomberg]
Lavishly decorated boardroom drama! "PwC informed the state-run oil producer this month that it wouldn’t sign off on quarterly results and would have to alert U.S. authorities if appropriate action wasn’t taken, the people said, asking not to be identified as the matter is private."

CFO Salary Increases Lag CEO’s [CFOJournal]
CFO salaries went up 8% from '12 to '13; CEOs got a 13% bump. 

Some Friday morning psychology for the auditors out there:  

'Wasting Time on the Internet' Is Now an Actual College Class [Motherboard.Vice]
At Penn, no less.

Posted in ANR