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Accounting News Roundup: KPMG and McLaren; Showing Respect for Employees; A Cuddling Business | 11.21.14

KPMG laps up McLaren’s F1-style analytics [FT]
This is real future of auditing stuff: "Through the alliance, KPMG will be able to introduce an audit model that is forward looking and predictive, based on multiple sets of data. It will move away from the current auditing model which has drawn criticism for being largely retrospective and subjective. KPMG will also sponsor McLaren’s F1 team as part of the deal."

SEC director with big stock holdings stirs debate [Reuters]
Director of Corporate Finance Keith Higgins disclosed holdings in 90 public companies in 2013 and 60 transactions in various stocks since the beginning of 2014. "
Higgins' large holdings, and the volume of trading he reported during 2013 and 2014, may stoke debate about whether it's proper for the Director of Corporation Finance or other top SEC officials to be active stock market participants and whether the SEC needs to tighten its ethics policies to further reduce the appearance of potential conflicts."

Why Showing Your Employees Respect Is Even More Important Than You Think [Inc.]
And a handful of sickos do it for fun: "Christine Porath, an associate professor at Georgetown University's McDonough School of Business, asked a group of 125 employees why why they behaved in an uncivil manner at times. More than 60 percent said that they were too busy and didn't have time to be nice. Twenty-five percent pointed fingers, saying that other leaders in their organization act similarly. And four percent admitted that they're disrespectful on purpose because it's fun and they can get away with it."

Woman opens professional cuddling shop – gets 10,000 customers in first week [The Independent]
This seems like a huge opportunity for KPMG to offer a new service area.

GT Nexus CFO: Managing Risk in the Cloud [CFOJ]
The WSJ is running trite cloud articles now?

Build Mental Toughness In Under Two Minutes with this Mental Workout [Lifehacker]
It takes 100 seconds of your day.

How to Improve Your Business Writing [HBR]
Practice and be direct. See? It's so easy!


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