October 7, 2022

Accounting News Roundup: Toshiba Still Groveling; Gender Bias in Feedback; More on Trump’s Tax Plan | 09.30.15

Toshiba Adds $3.3 Billion Credit Line After Accounting Probe [Bloomberg]
Company president Masashi Muromachi is promising "a bold restructuring" and he expressed how "deeply sorry for betraying the trust of our stakeholders and causing turmoil in the markets." The groveling never gets old.    

Gender Bias at Work Turns Up in Feedback [WSJ]
Stanford University’s Clayman Institute for Gender Research has discovered that performance reviews use a striking amount of gender bias. Women are 2.5 times more likely to receive feedback about their communication style (e.g. "your speaking style is off-putting"). Men's reviews tend to have more mentions of "drive," innovation," etc. and also their technical expertise.

Financial Accounting Foundation Seeks Candidates for Chair of FASAC [AT]
Apply today!

J. Wade Weeks named office managing partner of Grant Thornton’s Atlanta practice [GT]
“Wade brings a combination of proven leadership skills, vast knowledge and a strong understanding of our dynamic clients’ needs throughout the Atlanta marketplace.”

Trump Tax Plan a Triumph of Showmanship Over Common Sense [DealBook]
Victor Fleischer concedes that some of the plan's ideas are fine but also says that the plan will be paid for by "mere rhetoric" and won't be taken seriously by tax nerds who will see it as "another exaggerated claim of a carnival barker."

In other news:

  • Audit firms are doing some fall cleaning. [Auditor Carousel]
  • Microsoft's senior leadership team meets for four hours, three Fridays a month and then has one eight-hour Friday meeting a month. [WSJ]
  • “Although an actual zombie apocalypse will never happen, the preparation for such an event is the same as for any disaster: make a disaster kit, have a plan and practice it.” [KCS]

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

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 […]

a woman enjoying a coffee while she reads accounting news with her dog

Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Why is the Ontario Securities Commission examining Canadian audit firm ethics? Spurred by some critical comments, EY UK chair and managing partner Hywel Ball shares his opinion on the EY split: “Audit quality is going to be better.” KPMG and Deloitte alumni are doing some startup automation stuff. KPMG UAE is still working out some […]