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February 2, 2023

Accounting News Roundup: Recruiting the Recruiters; SEC Actually Accomplishes Something; Too Old to Innovate | 11.20.14

How to Find Recruiters in Your Niche [WSJ]
You need a how to for this? Put "accounting" on your LinkedIn and they shall find you.

Stock Exchange Technology Rules Get First SEC Upgrade Since 1990 [Bloomberg News]
U.S. regulators required stock exchanges to show they can prevent technology disruptions under new rules intended to limit the frequency of malfunctions that have undermined investor confidence. The Securities and Exchange Commission voted unanimously today to approve rules that will cover the Nasdaq Stock Market, the New York Stock Exchange and venues operated by Bats Global Markets Inc., as well as dark pools including those owned by Credit Suisse Group AG (CSGN) and UBS AG. (UBSN) The SEC will separately consider expanding the rules to brokers, including firms such as Citigroup Global Markets Inc. and Citadel Securities LLC that internally fill orders away from exchanges. “We need to address any regulatory gaps that exist for market participants whose systems would have a significant market impact if they were disrupted,” SEC Chair Mary Jo White said at today’s meeting.

Someone is excited about these new rules [Twitter]

SEC Chief Accountant on What’s Next for IFRS, Rev Rec and Audit Committees [FEI]
Let's talk heeldragging, shall we?

Russian accountant's missing tooth reveals devaluation pain [Bloomberg]
You know the economy is bad when you can't afford teeth.

Al Sharpton Criticizes New York Times Report on Unpaid Taxes [New York Times]
During a news conference at the headquarters of his National Action Network in Harlem, Mr. Sharpton sought to refute the article’s assertion that there were $4.5 million in state and federal tax liens outstanding against him and the for-profit businesses he controls. He said that the liens had been paid down, although he declined to say by how much, and that he was “current on all taxes” he was obligated to pay under settlement agreements with tax authorities. “We’re talking about old taxes,” he said, adding: “We’re not talking about anything new. So all of this, as if I’m not paying taxes while I’m doing whatever I’m doing, it reads all right, but it just is not true.”

Are Most CEOs Too Old to Innovate? [Harvard Business Review]
Partners can get lumped in here for ageism's sake.

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