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October 3, 2023

ANR: CFOs Go With Their Gut, Spreadsheets; Accounting Fees From IPOs Looking Good; PwC Legal Chief Has Big Plans | 03.18.14

IBM Study: CFOs Struggle to Leverage Big Data [AT]
Data, Shmata: "The majority of CFOs do not fully capitalize on the power of existing technologies, according to IBM’s latest CFO Study, instead using spreadsheets and intuition for 66 percent of their work."

IPO Accounting and Legal Fees: 2013 Update [Audit Analytics]
It seems that accounting firms managed to squeeze a few extra dollars out of their we-wanna-be-public clients: "[A]verage accounting fees related to IPOs increased to over $1.2 million, a 22% increase from 2012. Total accounting fees related to IPOs are also up significantly compared to 2012, increasing by 87% to about $277 million, which far exceeds the 54% increase in the number of accounting fees disclosed (from 149 to 229)."

It's the day after St. Patrick's Day and OF Bostonian CPAs are already thinking about their next big rager.

PwC Legal chief: we can be a top 20 global legal services business in five years [The Lawyer]
What does a global "legal services" firm look like? "PwC Legal global legal services leader Leon Flavell told The Lawyer that the firm was targeting revenues of $1bn – doubling from 2013’s almost-$500m across the firm’s legal offering – with particular growth earmarked for Asia and Africa."

Dave Camp’s Most Valuable Contribution to Tax Reform [TaxVox]
A rare treat in governing: transparency! "[P]roposing a specific, transparent, and fully-realized reform plan, he has made it far tougher for others to credibly promise trillions of dollars in tax cuts without either describing how they’d pay for them or acknowledging that they’d be willing to increase the deficit by those same trillions."

Man Busted For Craigslist Sex Barter Offer [TSG]
Stan Syring really needed a boat trailer: "In need of a 16-foot trailer for a flat-bottom boat, the Iowa man went on Craigslist and posted an ad proposing a barter deal in the site’s 'For Sale/Wanted' section. What Syring allegedly offered in exchange for the trailer resulted in his arrest this week, according to police. The Craigslist post by Syring, a married, 37-year-old father, noted that the boat trailer was needed 'asap,' and that the poster 'will trade for sex if need be.' "

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