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Some Internal Auditors Spent £5,000 on a Bongo Drumming Team-Building Event at a Burlesque Club

Building rapport on a team is important. Getting to know the guy/girl next to you in the trenches makes for a stronger unit and the willingness to help each other out when necessary. This can be accomplished in a number of ways. The occasional happy hour. A pool party. And yes, sometimes team building can occur in more tantalizing environment. But with musical instruments? Apparently.

Internal auditors from the Department of Communities and Local Government spent almost £5,000 on a bongo drumming team-building event held at a burlesque club. The vitriolic exposé from the Conservative Party said the department under the Labour government “policed wasteful spending”. Apparently the club’s dancers, Lady Beau Peep and “showgirl sensation” Amber Topaz, were not present during the event.

Bongos help internal auditors spend £5,000 [Accountancy Age]

Michel Barnier: EU Is ‘Impatient’ with SEC, FASB Pussyfooting Around on Accounting Standard Convergence

Michel Barnier is certainly doing his damnedest to make a name for himself by virtue of the accounting standards convergence and scrutinizing the role of auditors.

Accountancy Age reports his latest soundbite at a speech in Washington today, telling “leaders” that while their efforts to converge international accounting standards and U.S. GAAP are admirable, that he and the entire continent of Europe are getting sick of the stalling.

“I appreciate that the US authorities have made progress towards convergence, but in the EU, we are getting impatient.”

Apparently Mr Barnier has had enough with this little dance going on between the FASB and the SEC. The FASB has been punting to the SEC fairly regularly and we’re all aware of the SEC’s tendency for inaction, so maybe Barns figured that a Frenchman calling out Americans on their own turf would help move things along.

Barnier tells US that Europe is “getting impatient” on accounting convergence [Accountancy Age]