How an Agency You’ve Never Heard of Is Leaving the Economy at Risk [Project On Government Oversight] POGO writes a hit piece on the PCAOB.
Vic.ai, AI platform for accountants, gets $11.2M Series A funding [Accounting Today] Accelerating the robot takeover.
De Blasio proposes ‘robot tax’ to counter job losses from automation [The Hill] Speaking of robots stealing your job…
Deloitte and TruTrace Technologies Inc. form strategic alliance to improve cannabis quality control and safety for retailers and consumers [Yahoo] Press release time: “Deloitte’s leadership in the cannabis space will expedite the ability of this technology to reach key stakeholders, helping increase transparency in business decisions for everyone along the supply chain. This technology builds trust in the cannabis industry, not only between producers and retailers but also between retailers and consumers,” says David Stewart, a partner in Deloitte Canada’s Forensics practice. “We’re pleased to be able to play an integral role in helping all stakeholders in the cannabis space increase business performance and reputation while keeping consumers safe.”
Turning words into actions: PwC Luxembourg embraces crypto-payments [PwC] And another press release: Thomas Campione, Director, Blockchain & Crypto-assets Leader, PwC Luxembourg, states: “As part of the Firm’s market assessment, what quickly became clear is that we could not continue to invest in the field, promote it, build solutions for clients and support their transformation while not also being exposed to it. Our role is to lead and it is only by being an active leader with exposure that we at PwC Luxembourg can understand the challenges inherent to the crypto world. It is very difficult to properly appreciate the challenges of AML/KYC-enhanced due diligence in a world made of public/private keys, with the complexity and risks of custodial solutions, or to comprehend the decentralised finance ecosystem growing “next door” without being exposed to it in its day-to-day activities.” The Firm acknowledges the challenges of this move and has carefully reviewed its internal policies and procedures to meet the standards required by the crypto industry and closely collaborated with a local regulated exchange to provide the best payment experience.
Nissan CEO to Return Part of His Pay Following Audit [WSJ] Nissan Motor Co. Chief Executive Hiroto Saikawa on Thursday said he will return a portion of his performance-based pay, after Nissan auditors found that the amount was too high.
7 in 10 young workers prefer freedom to job security [Journal of Accountancy] A majority of young adult job seekers value the freedom of being their own boss over job security, and many also envision going into business for themselves one day, according to research conducted by MAVY Poll on behalf of the AICPA. Seven out of 10 (70%) young adult job seekers said they were confident that the potential freedom of being their own boss would be worth more than the job security of being employed by someone else. Additionally, more than half (53%) said they are likely to start their own business in the future.
Chester skating accountant wins world championship title [CheshireLive] Her win is a win for uncoordinated accountants everywhere.