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Friday Footnotes: KPMGer Sues Over Bullying; Auditing Terrorist Orgs?; Deloitte UAE’s Weekend Plans | 12.10.21

KPMG executive Greg Eldridge is seeking $130,000 in damages against the accounting giant [The Courier Mail] A senior KPMG executive now on stress leave has sued the accounting giant, alleging he was subjected to months of unlawful harassment from a colleague and then told he would have to simply adapt to the abuse.

Audit tips for a pandemic-changed environment [Journal of Accountancy] The business environment amid the COVID-19 pandemic has meant significant changes in the risks and results auditors consider and test during their engagements. In many cases, revenue and expenses have been altered dramatically; supply chain and labor challenges have presented new risks; and business strategies have changed swiftly as audit clients attempt to survive and thrive in the new environment.

Deloitte UAE to switch to Monday-Friday working after weekend change [The National] Accounting agency Deloitte’s UAE offices will follow the public sector by switching to a Monday to Friday working week from January, its Middle East boss said. The company’s UAE operation, which employs more than 1,000 people and audits a large number of public sector clients, is the latest to switch to a Saturday-Sunday weekend.

EY launches Operating Model Transformation solution to help consumer products companies reshape operating models [PR Newswire] To stress-test the solution’s framework, EY commissioned the Massachusetts Institute of Technology (MIT) Sloan Management Review Connections to conduct a series of interviews and oversee a global survey of 370 CP executives in 10 markets. The resulting EY Operating Model Transformation Survey explores key operational issues such as where companies’ investment priorities lie, how far into their transformation journey they are, how capable they are of delivering on their current and future strategies, and what barriers they see to transformation.

PwC offers staff remote working from overseas for up to eight weeks [Australian Financial Review] PwC will allow staff with working rights to operate remotely from eight different countries, including India and Malaysia, for up to eight weeks to enable them to have an extended overseas trip.

Financial Auditing Professional Services Market to See Huge Growth by 2026: PwC, Deloitte, KPMG International [SBWire] The Global Financial Auditing Professional Services Market study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face.

Big Four auditors ditch NGOs listed as terror groups by Israel [Jewish News Syndicate] PricewaterhouseCoopers (PwC) and Ernst & Young Global Limited (EY), two of the Big Four accounting firms, have confirmed that they will no longer audit two Palestinian NGOs recently designated as terrorist organizations by Israel.

Accounting and Finance Hiring Trends and Tips for 2022 [CPA Practice Advisor] Vaco, a global talent solutions firm, recently published four accounting and finance hiring trends that will impact companies in 2022. These are detailed in a new eBook, “Data + Trends for the Accounting and Finance Hiring Market,” covering the recruiting and hiring landscape as well as current challenges and helpful tips for organizations. The trends include the realities of hybrid work, employee resignations, compensation and candidate scarcities.

FRC closes Conviviality accountant investigation; KPMG probe continues [Compliance Week] The U.K. Financial Reporting Council (FRC) on Friday announced the end of an investigation into an accountant that prepared and approved financial statements at collapsed alcohol retailer Conviviality.

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