September 25, 2020

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?

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