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

Accounting News Roundup: Lowballing the Competition; EY Starts ‘e-Discovery’ Business in India; SEC on Pinterest | 04.20.15

‘Lowballing’ a continuing threat to firms, claim analysts [Accountancy Age]
DUMB. DUMB. DUMB. "Last year, top ten firm Baker Tilly claimed that lowballing pricing competition was one of the factors behind its £8.6m reduction on pre-tax profits."

How successful people work less—and get more done [Quartz]
If you're working more than 55 hours a week, you're wasting time: "The [Stanford] study found that productivity per hour declines sharply when the workweek exceeds 50 hours, and productivity drops off so much after 55 hours that there’s no point in working any more. That’s right, people who work as much as 70 hours (or more) per week actually get the same amount done as people who work 55 hours.

Ernst and Young hires 150 lawyers for new vertical e-Discovery [ET, Earlier]
Indian law prohibits a firm from providing both auditing and legal services, however: "A senior official with Ernst and Young India told ET that the e-Discovery vertical would 'not be offering any legal advice or opinion' and hence it's in line with the law of the land. 'They (lawyers) are a part of the e-Discovery team involved in managing the technical submission requirements for companies on global investigations and litigations,' an EY spokesperson said in an email response to ET." 
 
For These 55 Marijuana Companies, Every Day is 4/20 [Bloomberg]
FYI, for those of you that started that CPA pot practice.
 
Game of Thrones Economics: Why Doesn't Westeros Have A Central Bank? [Forbes]
You've been wondering, haven't you? 

Let's welcome the SEC to Pinterest, everyone.

Your Monday Morning Motivation, Graphed [Gizmodo]
You had it all figured out last night, didn't you?

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.

Comments are closed.

Related articles

dog snuggled in a blanket

Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Slow news week this week. We managed to find some things worth mentioning anyway as we are experts in slow news weeks (698 weeks and counting!), enjoy. Talent Why People Leave Public Accounting [CPA Journal] Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Based on my […]

a cringey date

Accounting Firms Are Embarrassing Themselves on the Talent Dating Market

It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for piss-poor audit work performed by skeleton crews. So, any day now. I’m sharing this r/accounting post so six months from now we can look back on […]