Please ensure Javascript is enabled for purposes of website accessibility
December 4, 2022

Accounting News Roundup: HP and Autonomy Co-founder Still Fighting; Fewer Employee Class-action Suits; A Tax Season Poem | 04.01.15

HP and Autonomy co-founder Lynch sue each other in London [Reuters]
HP sued Mike Lynch for $5.1 billion "over the management of Autonomy." He's counter-suing for $149 million. 

More Companies Block Employees From Filing Suits [WSJ]
FYI: "The percentage of companies using arbitration clauses to preclude class-action claims soared to 43% last year from 16% in 2012, according to a survey of nearly 350 companies conducted by management-side law firm Carlton Fields Jorden Burt LLP. Fueling the trend is a 2011 Supreme Court ruling that upheld such agreements. The result, say lawyers on both sides of the issue, has been a notable decline in actions that accuse corporations of wage theft, discrimination, and other systemic violations of labor laws."

CFOs With Big Signatures More Likely to Misreport [CFO]
No joke: "According to a new study, finance chiefs who are narcissistic are more likely to engage in misreporting and if they have large, self-important signatures, that 'predicts misreporting' through the association of signature size with narcissism."

When You Realize You’ll Never Get Your Dream Job [HBR]
Whether that's becoming a CFO or partner or a Chopped Champion: "This is what I try to help my students and clients to do: Discover what’s truly most important in their lives. To do this, you need to account for and take pleasure in your accomplishments to date — at work and elsewhere. Experiment with how you can best use your talents and passions to create value for yourself and others. Own the responsibility to take steps, however small, toward realizing your current vision of the leader you want to become, and the world you can create — at work, at home, and in your community."

A Memo Home Re: Tax Season [AT]
It's actually a poem from 1990.

Gary Dahl, Inventor of the Pet Rock, Dies at 78 [NYT]
RIP: "A down-at-the-heels advertising copywriter when he hit on the idea, [Dahl] originally meant it as a joke. But the concept of a “pet” that required no actual work and no real commitment resonated with the self-indulgent ’70s, and before long a cultural phenomenon was born."

Your 2015 April Fool's Day Spoiler [Lifehacker]
Be careful out there.

Image via Wikipedia 

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.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]