Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: PCAOB Board Member Hanson Resigns, Tax Holidays and Director Compensation | 12.27.16

Ed. note: It's the final week of the year so things will be pretty quiet around Going Concern this week. We'll post news roundups through Thursday and Open Items is still at your service if you have a question or accounting-related shower thought you want to share. If you see anything worth covering, drop us a line. We'll be back to full speed on January 3rd.


Board member Jay Hanson resigned on Friday, much to the surprise of everyone. He was appointed to the board in 2011 and reappointed in 2013. His term would've run through 2018. The Wall Street Journal's Michael Rapoport got nothing further out of the board so I guess our imaginations will have to do the rest.

I can't imagine a new appointee to be named any time soon; soon-to-be-former SEC chair Mary Jo White hasn't reappointed Jim Doty as chair or a named his successor and his term ended in October 2015.

Tax holidays

Combover-elect Donald Trump has expressed interest in a repatriation holiday for corporations stashing profits overseas. The thinking goes that those companies will bring the money back to the US and create jobs. A New York Times DealBook article reports that's really only one of many options and notes that last time the US had a repatriation holiday, "The top 15 repatriating companies brought home $150 billion but reduced their work force by 20,931 jobs."

Good work if you can get it

A study from BDO found that compensation for board directors at mid-market companies averaged about $153k, with tech companies offering the most, an average of $216k. 

Previously, on Going Concern…

I bolted early on Friday but here's a post on Open Items asking about full-time offers and summer leadership conferences.

In other news:

Get the Accounting News Roundup in your inbox every weekday by signing up here.

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.

Related articles

cat on a desk

Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [GC] Benjamin […]

cat with breakfast in bed

Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Good morning and happy Monday! Here’s some stuff happening. Virginia Society of CPAs is tackling the question “is 150 too many?” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a […]