Friday Footnotes: Did Rona Change the Industry For the Better?; Best Big 4 For Women; WFH Is Out | 2.26.21

No progress without a pandemic? [Accounting Today] Dan Hood asks the important question in AT.

Federal accounting can be a more dynamic career than it sounds, industry group says [Federal News Network] LOL: “If you think federal accounting is dull and unchanging, think again. People who do federal accounting and finance say it’s a constantly moving field that requires ongoing training.”

KPMG UK to split roles of chair and chief executive [Reuters] KPMG UK said on Thursday it will split the roles of chair and chief executive, adding it will hold an election process for the CEO position.

Long Read: Why the Deloitte Canada – MNP deal makes sense for both firms [Canadian Accountant] Deloitte Canada issued a “clarification” in the days following the deal, citing “recent press coverage and some market misinformation,” to insist the Big Four accounting firm was not reducing its commitment and focus on mid-market companies or audit and tax services. The clarification was posted by many Deloitte Canada partners on their social media profiles. “We’ve had a positive relationship with Deloitte,” explained Jason Tuffs, chief executive officer of MNP LLP, in an interview with Canadian Accountant. The negotiations were characterized by “a mutual degree of respect.”

PwC, EY the best bet for women eyeing a management role [Financial Review] PwC’s diversity leader said the firm had targeted structural barriers and unconscious bias in promotions to turbocharge the number of women in management, while EY’s head of people said the firm had focused on replicating successful recruitment and promotion tactics across the firm.

U.S. SEC suspends trading in 15 securities due to ‘questionable’ social media activity [Yahoo! Finance] The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement. This is the regulator’s third and largest wave of suspensions in response to social media activity.

AICPA seeks certainty on filing deadline and relief for 2020 tax year [Journal of Accountancy] In a recent letter to Treasury and the IRS, the AICPA called for greater certainty for taxpayers and tax practitioners and for underpayment and late-payment penalty relief, both of which will provide greater assistance to those affected by the COVID-19 pandemic.

Disastrous news for Goldman bankers who like working from home [eFinancialCareers] Hmm does this sound familiar to anyone around here? “The belief is that banking is an apprenticeship culture, and that one of the biggest benefits of ‘personal connectivity’ is that younger staff can be directly mentored and learn by watching their olders and betters. This might make sense for the interns and the analysts. But the people mentoring them are more likely to be happy in their home environment.”

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1 Comment

  1. > EY the best bet for women eyeing a management role

    I guess that how to be a woman training for all the pancake brains it finally paying off!

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