Please ensure Javascript is enabled for purposes of website accessibility
November 29, 2022

Accounting News Roundup: Saying No to More Work; Treating Employees Like Free Agents; Embezzle, Spend Lavishly, Repeat | 12.29.15

How to Say No to Taking on More Work [HBR]
It's inevitable that you'll be asked to chip in on something in addition to your regular workload, especially if you're working in accounting firm during busy season. Knowing when and how to say no to those requests is key to your success and keeping your sanity.

Art of Accounting: 20 Best Practices for Training and Retaining Staff [AT
The majority of this list is stuff that you've read elsewhere, but there's this reminder that would probably be wise to remember:

Recognize that each staff person is a 'free agent' who can get another job quite easily and with an increase in salary. Treat every interaction as if you are competing for their loyalty.

That's good advice for any job really, but especially for accounting firms that are desperate to find and retain people,

Fast cars, jewelry, fraud: Accountant pleads guilty to $4M scheme [KCBJ]
Thomas Hauk embezzled $10 million from 4 clients that allowed him "two marriages and divorces, a 'paramour' and a taste for luxury vehicles" among other things. And if you're a car person, you'll be interested to know that we aren't simply talking about a few Range Rovers:

Hauk's vehicle purchases included a 2006 Ford GT worth $223,249 and a 2009 Ferrari for $205,953.

In a separate civil proceeding, the release said, federal authorities seized $1.6 million worth of goods, including 33 luxury cars, high-end motorcycles and other vehicles still in his possession.

Among his other purchases during a five-year period, detailed in the release: $30,500 on a 2.5-karat diamond ring; $2,400 on an Alexander McQueen handbag; $8,819 on airline-related expenses; and $8,000 on custom vehicle accessories.

33 cars! That is not small feat. You almost have to admire the willingness of a person who embezzles money clearly for the purposes of spending it lavishly. Almost.

In other news:

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

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]