This is interesting: An internal review at Canadian construction company SNC-Lavalin of certain payments approved by the CEO has resulted in that executive’s departure from the company. The payments in question were approved directly by the CEO after the CFO rejected them. Documentation was apparently sketchy, as the review revealed that the projects they were […]
Category: Business ↓
Mystery payments at Canadian construction company
March 28th, 2012 · 2 Comments
Category: Business
Tags: Canada, CEO, control environment, controls, COSO, internal control, override, SNC-Lavalin, tone at the top
&Y: Internal Audit should drive strategy">E&Y: Internal Audit should drive strategy
March 25th, 2010 · No Comments
BusinessDay, a South African business news website, published a recent article referencing an E&Y study involving “more than 100 industry analysts from more than 20 disciplines”: Organisations need to break out of the compliance cocoon and evolve into a fully fledged leadership role that delivers real value to the business. In the current economic climate, […]
Category: Business
Tags: internal audit, leadership, risk, strategy, value
Ethics enhanced by clean smells
October 28th, 2009 · 3 Comments
I wonder if this is something businesses (including accounting firms) might want to look into: A study at Brigham Young University has found that people are “unconsciously fairer and more generous” in clean-smelling environments. The research found a dramatic improvement in ethical behavior with just a few spritzes of citrus-scented Windex. The researchers see implications […]
Category: Business
Tags: citrus, ethics, scent, science, smell, subconcious
Interview for a job, get paid
February 5th, 2008 · 2 Comments
A blog I follow, JobsintheMoney’s CareerWire, has drawn my attention to a very interesting site, especially for in-demand professionals such as accountants. The site is called NotchUp and allows employers to pay to interview job candidates who otherwise wouldn’t be looking for a new job. Associated Press has the lowdown: How it works: You plug in […]
Category: Business
Tags: job search, NotchUp, recruit
Hedge funds looking for accountants
December 15th, 2007 · 2 Comments
According to this recent post on JobsintheMoney’s CareerWire blog, hedge funds are looking for accountants and paying top dollar for them: The Rothstein Kass report, The Compensation Conundrum, makes clear that even for non-investment professionals, hedge funds pay better than both Wall Street and corporate America. For instance, senior accountants at surveyed firms earned $71,000 median […]
Category: Business
Tags: accountant, compensation, fund, hedge fund, investment

