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December 6, 2022

Accounting News Roundup: KPMG’s Doughtie on Confidence; Small Firms Slow on COSO; Dealing with a Passive Boss | 06.16.15

Overcoming the Confidence Gap for Women [DealBook]
KPMG's Lynne Doughtie is featured: "Women do tend to be collaborative, and that is important in a world and a work force that is changing so fast. The challenge in most organizations is to innovate and adapt. An autocratic style doesn’t serve that. You need different perspectives at the table from diverse backgrounds."

Small Firms Slower to Adopt New Internal-Control Guidelines [CFOJ]
According to an Audit Analytics study, two-fifths of companies with values of $75 million to $700 million are using the updated COSO framework. And the SEC doesn't seem to concerned: "The Securities and Exchange Commission said it wouldn’t require companies to explain use of the old standards this year, but may demand an explanation from those that don’t transition in the future. There’s 'no pressure' on small companies to adopt the new rules now, said Bob Hirth, chairman of the COSO Commission."

Get What You Need from Your Hands-Off Boss [HBR]
I'm sure at least a few of you have had a passive boss before: "They don’t know the details, they don’t want to know the details, and they don’t follow up. You might wonder what they do all day long." 

Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages [DealBook]
According to Better Markets CEO Dennis Kelleher, moral victories don't count for much when Hank Greenberg is involved: "When you’re looking for $40 billion and you get zero, that’s the definition of a total loss. This lawsuit was always about Hank Greenberg wanting more money, and he spent millions of dollars on a superstar legal team to get it, but he lost.”

Shed a tear, Tim Hunt: crying at work is a good idea [The Guardian]
The blurred lines between work and home life have led to "stress from home spilling over into the office."   

California Assemblyman Accidentally Votes For State Budget While On Facebook [CBS]
And then tweeted about it, naturally.

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