Accounting News Roundup: KPMG Acquires Company; Old White Guys Repeat Themselves; Trustiness in Leaders | 10.02.14

Posted on by Caleb Newquist

What to Do When Anger Takes Hold [HBR]
Although I'm sure none of you have felt this at work: "Coping with moments filled with emotion — anger, anxiety, longing, fear — are the reality of being a human being at work and in life. We do things we later regret, or don’t do things we wish we had, because our emotions take hold."

KPMG Acquires Qubera [CPAPA]
I think this fulfills the 'Q' and manifests their alphabetic destiny.

IRS: Revenues up, audits down [The Hill]
This will not go over well.

Or do nothing and he'll continue to exploit it to his advantage.

Meanwhile, in other quotes-from-old-white-guys-that-you've heard-before news:

The Most Important Skill for Great Leaders? Trustworthiness. [99u]
Most people get hung up on confidence and competence: "We can all agree that trust is good.  The problem, however, is that we are so eager to prove that we 'know what we’re doing' as leaders that we neglect the arguably more important part of the trust formula: proving that we will act with our colleagues’ interests in mind."

Wendy's Pulled Pork Cheese Fries Are The Saddest Meal [Foodspin.Deadspin]
If you don't read the "anger" article above, this is where you'll end up.
Posted in Uncategorized

Related Posts

Technological Advances Inside Deloitte Have Some People All Excited

We here at GC received the following email in our inboxes this Moanday morning:

Finally!!! See below 🙂

Direct Pay makes managing your expenses easier
Published: 05-Dec-11

With the implementation of Direct Pay, managing your business expenses just got simpler. Direct Pay is the process where Deloitte pays American Express directly, on your behalf, for your business expenses that have been imported into DTE.

There is no change to billing dates, the point rewards program, or the way you enter your expenses.

Direct Pay will begin for U.S. professionals with expense reports dated December 17 (U.S. India professionals are not part of Direct Pay at this time.)

The process is simple:

• Use your American Express corporate card for business expenses
• Import your expenses into DTE
• Deloitte pays American Express for the imported expenses

Professionals will still be responsible for paying American Express directly for any minor non-business corporate card charges, or any American Express business charges that are manually entered into DTE. To help you with this process, there is a new tool in DTE that reconciles your monthly American Express charges to what you have imported.

Sweet Baby Jesus, it doesn’t take much to excite the Green Dots these days, does it? It’s impossible for us to tell whether or not our contributor is a traveling worker bee or the executive assistant of some traveling Big Wig (Joey E!), but it doesn’t really matter because they are SUPER PSYCHED. Is this what it’s come to for us? Forget about holiday bonuses or even some free schwag; filing expense reports just got only slightly marginally sorta kinda maybe better. No word yet on a charge code for the strip joint, errrr “Big Ben’s Steakhouse.” Continue to pay those charges with your excess per diem.

So this got us thinking. What other kinds of techy improvements would improve your lives at work? Some off-the-cuffers:

1. Partner calls sent straight to voicemail.
2. Starbucks, delivered.*
3. The ability to work from home and have a work/life bal…oh wait. Nevermind.

Who is else in a dizzy tizzy about Big D’s technological advancement? Spill your joys below.

*Interns do not count.

Former Pastor Figures Eighth Commandment Is Overrated, Steals from Nonprofit

It takes a certain kind of person to defraud a non-profit organization. In a word: scumbag. Now consider the idea of a pastor of a church defrauding a non-profit organization. A non-profit organization that is tasked with providing cash and food for those in dire need. This person would be David Croyle, the former pastor of Stahl Mennonite Church in Johnstown, PA.

Croyle embezzled around $18,000 from St. Francis Sharing and Caring Inc. from 2005 to 2008. We figure he Either came to the conclusion that doing the Good Lord’s work was incredibly overrated or that he just plain needed the money. Seriously though, $18k? Did he really want a slightly used Honda Civic or something?


Regardless of the motive, Croyle has been charged with “56 counts each of theft by deception, failure to make required disposition of funds, theft and receiving stolen property,” according to the Daily American.

Part of Croyle’s duties at St. Francis was to determine eligible individuals, so he created C&A Management Services. Magically this company was “eligible” and then he requested checks payable to the company. Eventually someone found this a little fishy and hired Wessel & Co. a local accounting firm who discovered the embezzlement.

Somewhere God is shaking his head and somewhere else entirely, Sue Sachdeva is thinking, “Was this guy even trying?”

Police: pastor swindled nonprofit [Daily American]

Eight Things Accountants Can Do This 4th of July Weekend

Study for the CPA exam: July is a testing month, so study up on whatever exam is hanging over your head. Your firm is giving you time off – stay sober for six of those hours and cram some knowledge.

Spend The Man’s money: Are you done with the CPA exam and now have an incentive check for doing so burning a hole in your madras shorts? Cash it in, treat yourself to something nice, and begin the b*tching about fulfilling upcoming CPE requirements.

Eat some meat: If you’re a lucky KPMG Kamper that already received your Omaha Steaks package, light up the grill and cook up a feast. (I hear outdated Becker CPA review books make excellent fire starters.)


Jump Start things early: E&Y, PwC, and Deloitte are all closed tomorrow and Monday (at least that’s the case in New York City), leaving Uncle Peat as the lone office stuck with just a three day weekend. Correct me if I’m wrong, but that…sucks? Skip out early, Kampers.

Click on the ads all over Going Concern. Come on, Caleb deserves your ad revenue.

Network you patriotic pants off: Holiday barbeques bring together both friends and strangers. Also be open to the possibility of talking shop with the acquaintances you meet; you never know when a job or new client opportunity will present itself.

Work on your resumé: Your resumé should always be updated; simple as that.

Spend time with family and friends: No, really. You public accountants work too hard and spend too much time together (yes, I’m referring to the romantic couplings occurring at Thursday night happy hours). Branch out and reconnect with your friends – you know – “those people” with 40 hour work weeks. They miss you. Plus, the tan-less look you’ve been rocking since busy season is so February’s look.

Share your plans or off-the-cubicle-wall ideas below. See you all on Tuesday. Cheers!